Greystone Housing Impact Investors Lp (GHI)
NYSE:GHI
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Earnings Data
Report Date
Jul 30, 2026TBA (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.35Last Year’s EPS
0.25Same Quarter Last Year
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presented a balanced picture: management outlined a clear and constructive strategy to shift capital from volatile, taxable JV equity investments into stable, tax-exempt mortgage revenue bonds and demonstrated adequate near-term liquidity and a reduced debt balance. Positive items include CAD generation ($3.1M), liquidity actions (≈$18M sale reserves, $20.6M cash, $40M credit availability), a $1.17B mortgage investment platform, and recognized recoveries/gains on certain distressed SC assets. Offsetting these positives are sizable GAAP JV equity losses (~$4.9M), a substantial market discount to book value (≈55%), occupancy softness (85.9% vs 86.7%), unhedged debt exposure ($227M, with ~$188M maturing in 2026), and outstanding funding commitments. Overall, the fundamentals and liquidity position provide reassurance, but near-term earnings volatility and valuation disconnect persist—resulting in a balanced assessment.Company Guidance
Positive Cash Available for Distribution (CAD)
Reported CAD of $3.1 million, or $0.13 per unit for Q1 2026, indicating distributable cash generation in the quarter.
Net Income and Non-GAAP Results
Reported GAAP net income of $1.3 million, or $0.01 per unit for the quarter, while non-GAAP CAD was stronger at $3.1 million.
Strategic Repositioning Toward Tax-Exempt Mortgage Revenue Bonds
Management is exiting remaining market-rate multifamily JV equity positions and redeploying proceeds into tax-exempt mortgage revenue bonds to pursue more stable, tax-advantaged, recurring earnings.
Liquidity and Near-Term Cash Inflows
Unrestricted cash and cash equivalents of $20.6 million as of March 31; received ~ $18 million reserve return in April from project sales; ~$40 million availability on secured lines of credit; additional investment maturities scheduled in 2026 expected to provide further liquidity.
Portfolio Size and Concentration
Debt investments total $1.17 billion (79% of total assets) comprised of 80 mortgage revenue bonds across affordable multifamily, seniors and skilled nursing properties in 12 states, providing scale and diversification within core asset classes.
Reduction in Outstanding Debt Financings
Outstanding debt financings declined to approximately $927 million as of March 31, down roughly $92 million from December 31, 2025, reducing leverage vs. year-end.
Successful Recovery and Gain Recognition on South Carolina Assets
After deed-in-lieu on four SC properties, recorded a recovery of prior credit loss provisions of ~$2.1 million and a gain on deed-in-lieu of ~$2.2 million, and retained third-party property manager plus Greystone asset management oversight.
Majority of Debt Financing Hedged vs. Short-Term Rate Moves
Approximately $700 million (76% of total debt financing) is in categories generally insulated from short-term rate changes; management reports being largely hedged against net interest income fluctuations assuming no material credit issues.
Progress on JV Leasing and Stabilization
8 market-rate multifamily JV equity investments have completed construction: 4 are at or near stabilization and 4 remain in lease-up; management expects leasing season momentum to reduce lease-up losses and support potential monetization decisions.
Favorable Municipal Market Backdrop
Municipal bond market showed recovery through April 2026 (muni high grade YTD +1.0%, high yield +2.1% as of April 30), with robust new issuance ($175 billion YTD) and strong fund inflows (~$28 billion), supporting secondary market liquidity for MRBs.
Greystone Housing Impact Investors (GHI) Earnings, Revenues Date & History
GHI Earnings History
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 |
|---|---|---|---|
May 11, 2026 | $5.09 | $5.20 | +2.16% |
Mar 16, 2026 | $6.98 | $6.00 | -14.06% |
Nov 06, 2025 | $7.71 | $6.88 | -10.80% |
Aug 11, 2025 | $9.39 | $9.45 | +0.68% |
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 Lp (GHI) report earnings?
Greystone Housing Impact Investors Lp (GHI) is schdueled to report earning on Jul 30, 2026, TBA (Confirmed).
What is Greystone Housing Impact Investors Lp (GHI) earnings time?
Greystone Housing Impact Investors Lp (GHI) earnings time is at Jul 30, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is GHI EPS forecast?
GHI EPS forecast for the fiscal quarter 2026 (Q2) is 0.35.