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Greystone Housing Impact Investors (GHI) Q3 2024 Earnings Call Transcript Summary

Greystone Housing Impact Investors (GHI) Q3 2024 Earnings Call Transcript Summary

Greystone Housing Impact Investors(GHI)2024年第三季度業績會講話摘要
富途資訊 ·  2024/11/07 09:20  · 電話會議

The following is a summary of the Greystone Housing Impact Investors (GHI) Q3 2024 Earnings Call Transcript:

以下是貝萊德住房影響投資者(GHI)2024年第三季度業績會實錄摘要:

Financial Performance:

財務表現:

  • Greystone Housing Impact Investors reported a net loss of $0.23 per unit in Q3 2024.

  • Cash Available for Distribution (CAD) was $0.27 per unit.

  • Book value as of Q3 end was $14.15 per unit, representing an increase from Q2, primarily due to the increase in the fair value of the mortgage revenue bond portfolio.

  • An unrealized loss of $9.7 million from interest rate derivatives significantly impacted the reported net loss.

  • Interest rate swap portfolio is expected to bring in approx. $2.8 million over the next six months, benefiting CAD by an additional $0.12 per unit.

  • 貝萊德住房影響投資者報告,2024年第三季度每單位淨損失爲0.23美元。

  • 可供分配現金(CAD)爲每單位0.27美元。

  • 第三季度末淨資產爲每單位14.15美元,與第二季度相比有所增加,主要是由於按揭收入債券組合公允價值的增加。

  • 來自利率衍生品的970萬美元未實現虧損顯著影響了報告的淨損失。

  • 利率互換投資組合預計在接下來的六個月內帶來約280萬美元收入,每單位可增加0.12美元的CAD。

Business Progress:

業務進展:

  • The company holds $1.32 billion in affordable multifamily investments, with no forbearance requests and all payments current.

  • Joint venture equity investments continue to perform well, with active construction and leasing, and projects nearing completion.

  • New joint venture with BlackRock Impact Opportunities for construction lending, to fulfill market gap as commercial banks pull back.

  • Replacement of variable rate debt with fixed rate debt to mitigate exposure to interest rate changes.

  • 該公司持有13.2億美元的可負擔得起的多戶投資,在沒有寬限要求且所有付款均及時的情況下。

  • 合資股權投資繼續表現良好,施工和租賃活躍,並且項目即將完工。

  • 與貝萊德衝擊機會合作開展施工借貸的新創業公司,以填補商業銀行撤出的市場空白。

  • 用固定利率債務替換浮動利率債務,以減輕對利率變化的敞口。

Opportunities:

機會:

  • Prospects for accretive investments in construction loans via BlackRock JV and JV equity investments for market rate multifamily properties.

  • 通過與貝萊德合資公司和合資股權投資在市場利率多戶屬性上進行增值投資的前景。

Risks:

風險:

  • Net loss influenced by non-cash unrealized losses on interest rate derivatives.

  • Exposure to interest rate volatility, despite measures to hedge against it.

  • Market price of units significantly discounting from net book value, raising concerns on future investment attractiveness and liquidity.

  • 淨虧損受到利率衍生品的非現金未實現損失的影響。

  • 對利率波動的敞口,儘管採取了對沖措施。

  • 單位的市場價格大幅折讓淨賬面價值,引發了對未來投資吸引力和流動性的擔憂。

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:如需更全面的詳情,請參閱投資人關係網站。本文僅供投資者參考,不作任何指引或建議。

譯文內容由第三人軟體翻譯。


以上內容僅用作資訊或教育之目的,不構成與富途相關的任何投資建議。富途竭力但無法保證上述全部內容的真實性、準確性和原創性。
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