Quarterly ResultMay 11, 2026, 04:27 PM
Greystone Housing Q1 Net Income $1.32M; CAD $3.05M
AI Summary
Greystone Housing Impact Investors LP announced its financial results for the first quarter ended March 31, 2026, reporting a net income of $1.32 million and Cash Available for Distribution (CAD) of $3.05 million. The Partnership continues its strategy to reduce capital in market rate multifamily joint venture equity investments, aiming to redeploy capital into tax-exempt mortgage revenue bond investments for more stable earnings and tax-advantaged income. The near-term results will be impacted by the pace of sales and capital redeployment.
Key Highlights
- Net income for Q1 2026 was $1.32 million, or $0.01 per Beneficial Unit Certificate (BUC).
- Cash Available for Distribution (CAD) for Q1 2026 was $3.05 million, or $0.13 per BUC.
- Total assets stood at $1.49 billion as of March 31, 2026.
- Total Mortgage Revenue Bond (MRB) and Governmental Issuer Loan (GIL) investments were $1.03 billion.
- A quarterly distribution of $0.14 per BUC was declared and paid on April 30, 2026.
- 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.
- In April, $90.0 million in GIL and taxable GIL investments were redeemed.
Price Impact
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