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May 11, 2026·SEC
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Greystone Housing Impact Investors LP(GHI)Earnings, Financials & Key Ratios
GHI•NYSE•Banking & Credit
$5.73
Price updated Jun 25, 2026
AboutGreystone Housing Impact Investors LP acquires, holds, sells, and deals in a portfolio of mortgage revenue bonds (MRBs) that are issued to provide construction and/or permanent financing for multifamily and student housing residential properties and commercial properties. It operates through four segments: Affordable Multifamily MRB Investments, Seniors and Skilled Nursing MRB Investments, MF Properties, Market-Rate Joint Venture Investments. The company was formerly known as America First Multifamily Investors, L.P. and changed its name to Greystone Housing Impact Investors LP in December 2022. The company was incorporated in 1998 and is based in Omaha, Nebraska.Show more
- Net Interest Income-$38M+23.8%
- Total Revenue$72M-27.6%
- Net Income-$8M-135.7%
- Return on Equity-2%-138.1%
- Net Interest Margin-2.56%+19.9%
- Efficiency Ratio39.77%+113.4%
- ROA-0.49%-135.8%
- Equity / Assets25.26%+4.1%
- Book Value per Share16.38-1.5%
GHI Price & Volume
Greystone Housing Impact Investors LP (GHI) stock price & volume — 10-year historical chart
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Structural Volatility Masks Persistent Liquidity Solvency Risks
Investment Thesis • Updated 2026Q1
VerdictNegative
Growth:Contracting
Profitability:Negative
Financial Position:Vulnerable
Cash Flow:Deteriorating
Primary Risk:Liquidity and leverage constraints
"Greystone Housing Impact Investors LP faces a precarious outlook characterized by extreme earnings volatility and a deteriorating liquidity position that threatens the sustainability of its 26.6% dividend yield. The firm's reliance on high-leverage financing structures, evidenced by a debt-to-equity ratio of 2.89, leaves it highly exposed to interest rate fluctuations and market-rate joint venture performance. Investors should remain cautious as the disconnect between GAAP net income and actual cash generation suggests that the current capital allocation strategy may be unsustainable without external financing."
Verdict Logic
the firm's inability to generate consistent operating cash flow, highlighted by a 2026Q1 operating cash flow of -$107.2 million, combined with a precarious cash balance of only $55,829, presents significant solvency risks.
GHI Growth Metrics
Greystone Housing Impact Investors LP (GHI) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years3.83%
5 Years4.92%
3 Years-18.55%
TTM-
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-168.68%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-230.5%
Return on Capital
10 Years1.85%
5 Years2.39%
3 Years1.48%
Last Year-0.49%
GHI Recent Earnings
Greystone Housing Impact Investors LP (GHI) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 6/12 qtrs (50%)●Beat Revenue 4/12 qtrs (33%)
Q2 2026Latest
May 11, 2026Metric
Actual
Est
EPS
$0.13-40.9%
$0.22
Rev
$22M-3.1%
$22M
Q2 2026
Mar 16, 2026Metric
Actual
Est
EPS
$0.12-69.2%
$0.39
Rev
$17M-29.5%
$24M
Q4 2025
Nov 6, 2025Metric
Actual
Est
EPS
$0.03-95.0%
$0.60
Rev
$20M-16.0%
$24M
Q3 2025
Aug 7, 2025Metric
Actual
Est
EPS
$0.25+47.1%
$0.17
Rev
$24M-10.4%
$27M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 11, 2026 | $0.13vs $0.22-40.9% | $22Mvs $22M-3.1% |
| Q2 2026 | Mar 16, 2026 | $0.12vs $0.39-69.2% | $17Mvs $24M-29.5% |
| Q4 2025 | Nov 6, 2025 | $0.03vs $0.60-95.0% | $20Mvs $24M-16.0% |
| Q3 2025 | Aug 7, 2025 | $0.25vs $0.17+47.1% | $24Mvs $27M-10.4% |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for Greystone Housing Impact Investors LP (GHI)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $5.73 | $135.01M | -11.46 | -27.62% | -10.52% | -2% | 26.85% | |
| $159.19 | $4.1B | 10.80 | -1.93% | 8.24% | 11.42% | — | |
| $17.35 | $2.93B | 27.11 | -13.96% | 6.75% | 2.93% | — | |
| $1.73 | $285.83M | -1.20 | 1725.96% | -290.69% | -29.57% | — | |
| $1.36 | $65.17M | -1.17 | 187.77% | -30.49% | -7.1% | — | |
| $22.56 | $16.53B | 7.73 | 5.35% | 31.96% | 14.34% | — |
Compare GHI vs Peers
Greystone Housing Impact Investors LP (GHI) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
GHI SEC Filings & Documents
Greystone Housing Impact Investors LP (GHI) SEC filings — annual & quarterly reports (10-K, 10-Q)
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GHI Frequently Asked Questions
Greystone Housing Impact Investors LP (GHI) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
How fast is Greystone Housing Impact Investors LP growing?
Greystone Housing Impact Investors LP (GHI) saw revenue decline by 27.6% over the past year.
Is GHI profitable?
Greystone Housing Impact Investors LP (GHI) reported a net loss of $9.6M for fiscal year 2025.
Dividend & Returns
Does GHI pay dividends?
Yes, Greystone Housing Impact Investors LP (GHI) pays a dividend with a yield of 26.85%. This makes it attractive for income-focused investors.
What is GHI's return on equity?
Greystone Housing Impact Investors LP (GHI) has a return on equity (ROE) of -2.0%. Negative ROE indicates the company is unprofitable.
Industry Metrics
What is Greystone Housing Impact Investors LP's net interest margin?
Greystone Housing Impact Investors LP (GHI) has a net interest margin (NIM) of -2.6%. NIM has been under pressure due to interest rate environment.
What is Greystone Housing Impact Investors LP's efficiency ratio?
Greystone Housing Impact Investors LP (GHI) has an efficiency ratio of 39.8%. This is excellent, indicating strong cost control.