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年第一季度财报电话会议记录的摘要：
Financial Performance:
财务业绩：
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报告称，2024年第一季度每单位净收入为0.42美元，可供分配的现金（加元）为每单位0.23美元。
该公司公布的GAAP净收入为1,060万加元，520万加元。
他们持有12.2亿美元的负担得起的多户家庭投资和1.45亿美元的合资股权投资。
截至3月31日，每单位账面价值为14.59美元，下降的主要原因是抵押贷款收入债券（MRB）投资组合的公允价值下降，尽管公允价值的下降预计不会影响运营现金流、净收益或加元。
Greystone报告称，本季度现金显著增加，这主要是由于赎回了1.2亿美元的债务投资。
Business Progress:
业务进展：
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.
合资股权投资的七处房产中有四处已经竣工，其余三处正在建设中或处于规划阶段。
租赁活动仍然强劲，没有重大供应链或劳动力中断的报告。
该公司上市出售其一处房产Vantage for Tomball，该物业是Vantage集团合资股权投资的一部分。
与Freestone开发集团的四个联合项目正在进行中，其中三个在德克萨斯州，一个在科罗拉多州。Village Senior Living Carson Valley和Jessam and Hays农场已经开始施工，这也是合资公司股权投资的一部分。
最后一项多户住宅投资项目，即帕西奥套房学生公寓项目，已于2023年12月出售。
该公司计划根据市场状况和投资机会，加快对负担得起的多户住宅和合资股票策略的投资。
Greystone Housing Impact Investors LP打算在未来一两个季度内将其增加的现金用于这些投资，并正在考虑在今年增加新的合作伙伴关系。
More details: Greystone Housing Impact Investors IR
更多详情： Greystone 住房影响力投资者 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：欲了解更多详情，请访问投资者关系网站。本文仅供投资者参考，不构成任何投资建议。
译文内容由第三方软件翻译。