Earnings Call Summary | Greystone Housing Impact Investors(GHI.US) Q1 2024 Earnings Conference
Earnings Call Summary | Greystone Housing Impact Investors(GHI.US) Q1 2024 Earnings Conference
The following is a summary of the Greystone Housing Impact Investors LP (GHI) Q1 2024 Earnings Call Transcript:
以下是Greystone Housing Impact Investors LP（GHI）2024年第一季度業績電話會議記錄的摘要：
Financial Performance:
財務業績：
Greystone Housing Impact Investors LP reported a net income of $0.42 per unit for Q1 2024 and cash available for distribution (CAD) per unit of $0.23.
The company posted a GAAP net income of $10.6 million and CAD of $5.2 million.
They hold $1.22 billion in affordable multifamily investments and $145 million in joint venture equity investments.
The book value per unit as of March 31 was $14.59, down primarily due to a decline in the fair value of the Mortgage Revenue Bond (MRB) portfolio, although declines in fair value are not expected to impact operating cash flows, net income, or CAD.
Greystone reported a notable increase in cash during the quarter largely due to $120 million of debt investments that were redeemed.
Greystone Housing Impact Investors LP報告稱，2024年第一季度每單位淨收入爲0.42美元，可供分配的現金（加元）爲每單位0.23美元。
該公司公佈的GAAP淨收入爲1,060萬加元，520萬加元。
他們持有12.2億美元的負擔得起的多戶家庭投資和1.45億美元的合資股權投資。
截至3月31日，每單位賬面價值爲14.59美元，下降的主要原因是抵押貸款收入債券（MRB）投資組合的公允價值下降，儘管公允價值的下降預計不會影響運營現金流、淨收益或加元。
Greystone報告稱，本季度現金顯著增加，這主要是由於贖回了1.2億美元的債務投資。
Business Progress:
業務進展：
Four out of seven properties in the joint venture equity investments have completed construction, while the remaining three are either under construction or in the planning stage.
Leasing activity remains robust with no significant supply chain or labor disruptions reported.
The company listed for sale one of its properties, Vantage for Tomball, which is part of the Vantage Group JV equity investments.
Four joint projects with the Freestone Development Group are underway, including three in Texas and one in Colorado. Construction has begun on Village Senior Living Carson Valley and Jessam and Hays Farms, also part of JV equity investments.
The final multi-family property investment, The Suites on Paseo student housing project, was sold in December 2023.
The company plans to accelerate its investment in affordable multifamily and JV equity strategies based on market conditions and investment opportunities.
Greystone Housing Impact Investors LP intends to deploy its increased cash into these investments over the next one or two quarters and is considering the addition of new partnerships this year.
合資股權投資的七處房產中有四處已經竣工，其餘三處正在建設中或處於規劃階段。
租賃活動仍然強勁，沒有重大供應鏈或勞動力中斷的報告。
該公司上市出售其一處房產Vantage for Tomball，該物業是Vantage集團合資股權投資的一部分。
與Freestone開發集團的四個聯合項目正在進行中，其中三個在德克薩斯州，一個在科羅拉多州。Village Senior Living Carson Valley和Jessam and Hays農場已經開始施工，這也是合資公司股權投資的一部分。
最後一項多戶住宅投資項目，即帕西奧套房學生公寓項目，已於2023年12月出售。
該公司計劃根據市場狀況和投資機會，加快對負擔得起的多戶住宅和合資股票策略的投資。
Greystone Housing Impact Investors LP打算在未來一兩個季度內將其增加的現金用於這些投資，並正在考慮在今年增加新的合作伙伴關係。
More details: Greystone Housing Impact Investors IR
更多詳情： Greystone 住房影響力投資者 IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。