Greystone Housing Impact Investors LP (GHI) Earnings History

Greystone Housing Impact Investors LP - Q3 FY2025 Earnings

Filed at: Nov 6, 2025, 7:30 AM EST|Read from source

EXECUTIVE SUMMARY

Greystone Housing Impact Investors LP reported mixed financial results for Q3 2025, with a strategic shift away from market-rate multifamily properties towards more stable MRB investments.

POSITIVE HIGHLIGHTS

  • •

    Cash Available for Distribution (CAD) was $4.6 million or $0.20 per BUC for the quarter.

    neutral
  • •

    All MRB and GIL investments are current on contractual principal and interest payments.

    positive
  • •

    Net receipts from hedging strategy totaled approximately $814,000.

    positive
  • •

    Issued Series B Preferred Units for $5.0 million in October 2025 to fund investments and operations.

    positive

CONCERNS & RISKS

  • •

    Total revenues decreased to $21.7 million in Q3 2025 from $24.3 million in Q3 2024.

    negative
  • •

    Net income was $2.0 million in Q3 2025, a significant improvement from a net loss of $4.6 million in Q3 2024, but the nine-month period shows a net loss of $1.8 million compared to net income of $11.2 million in the prior year.

    attention
  • •

    The Partnership is strategically reducing capital allocation to market-rate multifamily properties due to challenging market conditions (higher interest rates, higher cap rates) negatively impacting returns.

    attention
  • •

    The Partnership's non-controlling investment in Vantage at Loveland has been listed for sale, with 90% physical occupancy as of September 30, 2025.

    attention

FINANCIAL METRICS

Revenue
Quarterly
$21.68M
-11.0%
Prior year: $24.35M
Annual (YTD)
$70.39M
N/A
Prior year: $68.69M
Net Income
Quarterly
$1.97M
N/A
Prior year: $-4.64M
Annual (YTD)
$-1.78M
N/A
Prior year: $11.19M
EPS (Diluted)
Quarterly
$0.03
N/A
Prior year: $-0.23
Annual (YTD)
$-0.21
N/A
Prior year: $0.38
Operating Income
Quarterly
N/A
N/A
EPS (Basic)
Quarterly
$0.03
N/A
Prior year: $-0.23
Annual (YTD)
$-0.21
N/A
Prior year: $0.38

MARGIN ANALYSIS

Net Margin
Current Quarter
9.1%
Prior Year
-19.0%
YoY Change
N/A

Margin expansion indicates improving profitability and operational efficiency. Measured in basis points (bps): 100 bps = 1.0%.

MANAGEMENT COMMENTARY

Market conditions such as higher interest rates and higher multifamily capitalization rates are negatively impacting multifamily asset values.

— Greystone Housing Impact Investors LP, Q3 FY2025 2025 Earnings Call

The Partnership remains positive on market-rate senior housing investment opportunities.

— Greystone Housing Impact Investors LP, Q3 FY2025 2025 Earnings Call

Strong investment opportunities exist for traditional investments in tax-exempt MRBs associated with affordable multifamily properties, as well as for seniors housing and skilled nursing properties.

— Greystone Housing Impact Investors LP, Q3 FY2025 2025 Earnings Call

Commentary excerpts from earnings call transcripts provide management's perspective on performance, strategy, and outlook. Always review full transcripts for complete context.

OPERATIONAL METRICS

Cash Available For Distribution Per Buc
0.2
-25.9% YoY
Prior year: 0.3
per BUC
Total Assets
1490.0M
dollars
Total Mrb Gil Investments
1130.0M
dollars
Vantage At Loveland Occupancy
90
percent

Operational metrics provide insight into business drivers and customer engagement beyond traditional financial measures.