The earnings call presented a mix of positive and negative aspects. On the positive side, the investment portfolio showed steady performance, joint venture investments progressed well, and the book value per unit increased. However, challenges included a decline in physical occupancy, lower realized returns on property sales, and provisions for credit losses. Additionally, the unit price on the NYSE was significantly discounted compared to the book value.

Company Guidance

During the Q3 2025 earnings call for Greystone Housing Impact Investors LP, several key metrics and strategic shifts were discussed. The company reported a net income of $2 million, or $0.03 per unit, and cash available for distribution (CAD) of $4.6 million, or $0.20 per unit. The book value per unit increased to $12.36 as of September 30, reflecting a $0.53 rise from the previous quarter, driven by an increase in the unrealized gain on the mortgage revenue bond portfolio. The physical occupancy for the stabilized mortgage revenue bond portfolio was reported at 87.8%. The company is adjusting its investment strategy, shifting capital from joint venture equity investments in market rate multifamily properties to tax-exempt mortgage revenue bonds associated with affordable multifamily and seniors housing. This move aims to provide stable returns and increase the proportion of tax-exempt income allocated to unitholders. Additionally, Greystone has established a construction lending joint venture with BlackRock, which is expected to offer future tax-advantaged earnings. The call also highlighted that as of September 30, Greystone had $1.26 billion in debt investments and $1.02 billion in outstanding principal balances on its debt financing facilities.

Steady Performance of Investment Portfolio

The overall investment portfolio performed steadily during the third quarter with no forbearance requests for multifamily mortgage revenue bonds and all borrowers current on their principal and interest payments.

Strong Progress in Joint Venture Equity Investments

Out of 11 current investments, 7 have completed construction and are leasing, 2 have nearly completed construction, and 2 are for future development. Overall occupancy is increasing across the portfolio.

Significant Gains from Joint Venture Program

Since the establishment of the joint venture program, the partnership has realized significant gains on most of the 17 properties sold to date.

Increase in Book Value Per Unit

The book value per unit on a diluted basis was $12.36 as of September 30, an increase of $0.53 from June 30, primarily due to an increase in the unrealized gain on the mortgage revenue bond portfolio.

Strong Liquidity Position

As of September 30, unrestricted cash and cash equivalents were $36.2 million, with approximately $88.6 million of availability on secured lines of credit.

Stable Net Interest Income Amid Interest Rate Changes

The partnership is largely hedged against significant fluctuations in net interest income from market interest rate movements, with scenarios showing minimal impact from a 100 basis point increase or decrease in rates.

Greystone Housing Impact Investors (GHI) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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GHI Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Feb 19, 2026	2025 (Q4)	0.39 / -	0.18	―	―	―
Nov 06, 2025	2025 (Q3)	0.24 / 0.20	0.27	-25.93% (-0.07)	―
Aug 11, 2025	2025 (Q2)	0.33 / 0.25	0.27	-7.41% (-0.02)	―
May 07, 2025	2025 (Q1)	0.24 / 0.31	0.23	34.78% (+0.08)	―
Feb 20, 2025	2024 (Q4)	0.37 / 0.18	0.269	-33.09% (-0.09)	―
Nov 06, 2024	2024 (Q3)	0.32 / 0.27	0.248	8.87% (+0.02)	―
Aug 07, 2024	2024 (Q2)	0.40 / 0.27	0.612	-55.88% (-0.34)	―
May 08, 2024	2024 (Q1)	0.28 / 0.23	0.796	-71.11% (-0.57)	―
Feb 22, 2024	2023 (Q4)	0.36 / 0.27	0.147	82.99% (+0.12)	―
Nov 08, 2023	2023 (Q3)	0.23 / 0.25	0.516	-51.94% (-0.27)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

GHI Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 06, 2025	$8.24	$7.35	-10.80%
Aug 11, 2025	$10.03	$10.10	+0.70%
May 07, 2025	$11.02	$10.79	-2.09%
Feb 20, 2025	$11.59	$11.17	-3.62%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Greystone Housing Impact Investors (GHI) report earnings?

Greystone Housing Impact Investors (GHI) is schdueled to report earning on Feb 19, 2026, TBA (Confirmed).

What is Greystone Housing Impact Investors (GHI) earnings time?

Greystone Housing Impact Investors (GHI) earnings time is at Feb 19, 2026, TBA (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is GHI EPS forecast?

GHI EPS forecast for the fiscal quarter 2025 (Q4) is 0.39.

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