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 $0.14 quarterly payout even before JV asset sales begin generating.
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| BS Barrett Schultz Ashton Thomas Securities LLC | 25,126 | $123,620 | $158,042.54 | $34,422.54 | 27.85% |
| AB Anthony Bruccoleri Equitable Holdings Inc. | 623,883 | $5.55M | $3.67M | -$1.88M | -33.86% |
Richard Slavik Newbridge Financial Services Group Inc. | 2,575 | $14,935 | $16,196.75 | $1,261.75 | 8.45% |
| CAL CoreCap Advisors LLC CoreCap Advisors LLC | 1,604 | $14,717.56 | $10,089.16 | -$4,628.4 | -31.45% |
Timothy R. Guthrie Bullseye Investment Management LLC | 84,189 | $915,072.45 | $484,928.64 | -$430,143.81 | -47.01% |
| Financial Services Industry | Financials Sector | Kenneth C. Rogozinski CEO | NYSE Exchange | 02364V206 CUSIP |
| US Country | 17 Employees | 30 Jun 2026 Last Dividend | 27 Mar 2024 Last Split | 2 Apr 1986 IPO Date |
Greystone Housing Impact Investors LP specializes in the acquisition, holding, selling, and dealing of a portfolio of mortgage revenue bonds (MRBs) used primarily for financing multifamily housing, student accommodations, senior citizen housing, skilled nursing properties, and commercial properties across the United States. Initially established as America First Multifamily Investors, L.P., the company underwent a name change to Greystone Housing Impact Investors LP in December 2022. The rebranding reflects its broader commitment to impacting the housing sector positively. Founded in 1998 and headquartered in Omaha, Nebraska, the company structures its operations across four main segments, including Affordable Multifamily MRB Investments, Seniors and Skilled Nursing MRB Investments, MF Properties, and Market-Rate Joint Venture Investments, alongside investments in governmental issuer loans.
This segment focuses on investing in mortgage revenue bonds issued for the construction or permanent financing of affordable multifamily housing units. Through these investments, Greystone Housing Impact Investors LP contributes to the development and preservation of accessible housing solutions for varied demographics.
Targeting mortgage revenue bonds related to senior citizen housing and skilled nursing facilities, this area of service aims to support the financing of living spaces and healthcare facilities that cater to the elderly and individuals requiring long-term care, thereby addressing an essential need in the community.
Under MF Properties, the company invests directly in multifamily properties, leveraging its expertise and resources to manage and operate these investments efficiently. This direct investment strategy highlights its commitment to offering quality housing solutions while ensuring sustainable investment returns.
Exploring opportunities beyond the affordable housing market, the company engages in market-rate joint venture investments. This segment allows Greystone Housing Impact Investors LP to diversify its portfolio through partnerships aimed at developing and investing in commercial and other real estate projects at market rates.
This investment strategy involves providing funding to government issuers of loans, supporting various projects and initiatives that contribute to the public good. These investments are an essential part of the company’s portfolio, demonstrating its commitment to fostering community development and sustainability.