Greystone Housing Q2 revenue falls, posts net loss

Greystone Housing Impact Investors LP

10/08/2026 22:02

Overview
U.S. affordable housing bond investor's Q2 revenue fell yr/yr, partnership posted net loss
Company is shifting capital from market-rate multifamily to tax-exempt mortgage revenue bonds
All mortgage revenue bond and governmental issuer loan investments were current on payments at quarter end

Outlook
Company says near-term results will depend on pace of multifamily investment sales and capital redeployment
Greystone to continue assessing impacts on short-term and long-term earnings and future distributions

Result Drivers
PORTFOLIO SHIFT - Co said results reflect ongoing reduction in capital allocated to market-rate multifamily joint ventures and redeployment into tax-exempt mortgage revenue bonds
ASSET SALES TIMING - Co said near-term results are impacted by the pace of market-rate multifamily investment sales and ability to redeploy capital into new mortgage revenue bonds
HEDGING STRATEGY - Co continued to use interest rate swaps to reduce impact of changing market interest rates, with net receipts of $214,000 in Q2

Company press release: ID:nGNXbSkjy5

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
 
$21.19 mln
 
Q2 Loss Per Share
 
$0.11
 

Analyst Coverage
The one available analyst rating on the shares is "buy"
The average consensus recommendation for the banks peer group is "buy"
Wall Street's median 12-month price target for Greystone Housing Impact Investors LP is $7.00, about 22.6% above its August 10 closing price of $5.71
The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 9 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)