Greystone Housing Impact Investors LP

GHI

時価総額 $1.17億

Greystone Housing Impact Investors LP (GHI) offers a compelling 9.6% forward yield, anchored by a defensive affordable housing portfolio trading at a steep discount to book value. GHI's business model leverages mortgage revenue bonds and governmental issuer loans, supported by hedging strategies and selective real estate joint ventures for capital appreciation. Despite recent net losses and a payout ratio above 100%, management maintains the $0.14 quarterly distribution, relying on liquidity reserves and asset sales to bridge shortfalls.

OMAHA, Neb., Sept. 16, 2026 (GLOBE NEWSWIRE) -- On September 16, 2026, Greystone Housing Impact Investors LP (NYSE: GHI) (the “Partnership”) announced that the Board of Managers of Greystone AF Manager LLC (“Greystone Manager”) declared a cash distribution to the Partnership's Beneficial Unit Certificate (“BUC”) holders of $0.14 per BUC. The cash distribution will be paid on October 30, 2026 to all BUC holders of record as of the close of trading on September 30, 2026. The BUCs will trade ex-distribution as of September 30, 2026.

Rather than selling in knee-jerk panic, holding through a strategic distribution reset can unlock massive value when management repositions capital for long-term stability. Greystone Housing shares are up nearly 20% since the initial distribution adjustment, yet the stock continues to trade at a severe 46% discount to its $11.20 book value. Management remains committed to winding down its joint venture equity development portfolio, redirecting sale proceeds into tax-exempt MRBs to build predictable, tax-advantaged cash flows.

OMAHA, Neb., Aug. 17, 2026 (GLOBE NEWSWIRE) -- Greystone Housing Impact Investors LP (NYSE: GHI) (the “Partnership”) announced today that on August 13, 2026, Vantage at Loveland, a 288-unit market rate multifamily property located in Loveland, CO, was sold at the direction of its managing member. The Partnership's investment in Vantage at Loveland was originated in April 2021 and the Partnership contributed equity totaling approximately $23.2 million. Approximately $2.1 million of that initial equity investment was previously returned to the Partnership in March 2025 upon a refinancing of the original construction loan by the managing member. The Partnership also previously received approximately $5.8 million of accrued preferred return from the proceeds of the March 2025 construction loan refinancing. As a result of the August 2026 sale, the Partnership's remaining equity investment was redeemed. At closing of the sale, the Partnership received net cash of approximately $23.6 million, consisting of the return of its remaining $21.1 million in contributed equity and $2.5 million in accrued preferred return. The Partnership estimates it will recognize the following amounts resulting from the sale in the third quarter of 2026:

Greystone Housing Impact Investors NYSE: GHI reported a second-quarter net loss of $1.5 million, or $0.11 per unit, as the partnership continued its effort to shift capital away from market-rate multifamily joint-venture equity investments and toward tax-exempt mortgage revenue bonds.

Greystone Housing Impact Investors LP (GHI) Q2 2026 Earnings Call Transcript

Greystone Housing is actively exiting its market-rate joint venture developments to focus 100% of its capital on tax-exempt mortgage revenue bonds. GAAP net income is heavily suppressed by non-cash depreciation, tenant incentives, and leasing commissions across non-stabilized JV properties currently being prepared for sale. CAD (Cash Available for Distribution) came in at $0.13 per BUC in Q1 2026, almost fully covering the reset $0.14 quarterly payout even before JV asset sales begin generating.

OMAHA, Neb., July 23, 2026 (GLOBE NEWSWIRE) -- Greystone Housing Impact Investors LP (NYSE: GHI) (the “Partnership”) announced today that it will host a conference call for investors on Tuesday, August 11, 2026 at 9:00 a.m. Eastern Time to discuss the Partnership's Second Quarter 2026 results.

Sky-high borrowing costs slow down real estate profits. This won't last forever; we should buy while prices are low. We look at two investment opportunities trading at steep discounts to NAV.

OMAHA, Neb., June 18, 2026 (GLOBE NEWSWIRE) -- On June 18, 2026, Greystone Housing Impact Investors LP (NYSE: GHI) (the “Partnership”) announced that investor information on 2025 Schedule K-3 reflecting items of international tax relevance is available online. Unitholders requiring this information may access their Schedules K-3 at  www.taxpackagesupport.com/greystone .