Quarterly ResultMay 11, 2026, 04:23 PM
Greystone Housing Q1 Net Income $1.32M; CAD $0.13/BUC; Strategic Shift
AI Summary
Greystone Housing Impact Investors LP announced Q1 2026 financial results, reporting net income of $1.32 million ($0.01 per BUC) and Cash Available for Distribution (CAD) of $3.05 million ($0.13 per BUC). The Partnership also declared a regular quarterly distribution of $0.14 per BUC. Operationally, the company is pursuing a strategy to reduce capital allocated to joint venture equity investments in market-rate multifamily properties, intending to redeploy capital into primarily tax-exempt mortgage revenue bond investments for more stable earnings and tax-advantaged income. Recent activities include acquiring four multifamily properties for $119.9 million via foreclosure and redeeming $90.0 million in GIL investments.
Key Highlights
- Q1 2026 Net income was $1.32 million, or $0.01 per Beneficial Unit Certificate (BUC).
- Q1 2026 Cash Available for Distribution (CAD) was $3.05 million, or $0.13 per BUC.
- A regular quarterly distribution of $0.14 per BUC was declared and paid on April 30, 2026.
- Total assets reached $1.49 billion as of March 31, 2026.
- Total Mortgage Revenue Bond (MRB) and Governmental Issuer Loan (GIL) investments were $1.03 billion.
- Acquired four multifamily properties via deed in lieu of foreclosure with $119.9 million aggregate principal.
- Obtained an $84.0 million mortgage loan secured by the four acquired properties.
- Redeemed $90.0 million in GIL and taxable GIL investments in April.