Greystone Housing Impact Investors | 8-K: FY2026 Q2 Revenue: USD 21.19 M

Revenue: As of FY2026 Q2, the actual value is USD 21.19 M.

EPS: As of FY2026 Q2, the actual value is USD -0.11.

EBIT: As of FY2026 Q2, the actual value is USD 11.77 M.

Financial Highlights (Three Months Ended June 30, 2026 vs. 2025)

Net Loss

Greystone Housing Impact Investors LP reported a net loss of - $1.52 million, or - $0.11 per Beneficial Unit Certificate (BUC), basic and diluted, for the second quarter of 2026, compared to a net loss of - $8.255 million for the same period in 2025.

Cash Available for Distribution (CAD)

Cash Available for Distribution (CAD) was $2.43 million, or $0.10 per BUC, for Q2 2026, down from $5.246 million, or $0.23 per BUC, in Q2 2025.

Total Revenues

Total revenues for Q2 2026 were $21,186,180, decreasing from $22,804,370 in Q2 2025. Investment income decreased to $14,711,034 in Q2 2026 from $20,038,047 in Q2 2025. Other interest income increased to $3,217,146 in Q2 2026 from $2,558,264 in Q2 2025. Property revenues were $2,078,727 in Q2 2026, with no comparable figure in Q2 2025. Contingent interest income was - in Q2 2026, down from $208,059 in Q2 2025. Other income (revenue category) was $1,179,273 in Q2 2026, with no comparable figure in Q2 2025.

Total Expenses

Total expenses for Q2 2026 were $19,589,847, a decrease from $29,010,652 in Q2 2025. Real estate operating expenses were $1,342,991 in Q2 2026, with no comparable figure in Q2 2025. Provision for credit losses was - $372,582 in Q2 2026, a significant change from $9,052,734 in Q2 2025. Depreciation and amortization increased to $3,272,248 in Q2 2026 from $2,646 in Q2 2025. Interest expense decreased to $13,387,124 in Q2 2026 from $13,901,191 in Q2 2025. Net result from derivative transactions was - $2,081,363 in Q2 2026, compared to $1,379,216 in Q2 2025. General and administrative expenses decreased to $4,041,429 in Q2 2026 from $4,674,865 in Q2 2025. Gain on deed in lieu of foreclosures was $22,790 in Q2 2026, with no comparable figure in Q2 2025. Gain on sale of investments in unconsolidated entities was $16,624 in Q2 2026, down from $195,516 in Q2 2025. Earnings (losses) from investments in unconsolidated entities were - $3,161,262 in Q2 2026, compared to - $2,247,076 in Q2 2025. Loss before income taxes was - $1,525,515 in Q2 2026, an improvement from - $8,257,842 in Q2 2025. Income tax benefit was - $2,786 in Q2 2026, similar to - $2,762 in Q2 2025. Net loss available to Partners was - $2,624,414 in Q2 2026, an improvement from - $9,284,729 in Q2 2025. Redeemable Preferred Unit distributions and accretion were - $1,101,685 in Q2 2026, compared to - $1,029,649 in Q2 2025.

Financial Highlights (Six Months Ended June 30, 2026 vs. 2025)

Total Revenues

Year-to-date (YTD) 2026 total revenues were $42,971,383, down from $47,126,933 for YTD 2025.

Net Loss

YTD 2026 net loss was - $196,349, an improvement from - $5,852,057 for YTD 2025.

Net Loss Available to Partners

YTD 2026 net loss available to Partners was - $2,399,718, an improvement from - $7,642,385 for YTD 2025.

Total CAD

YTD 2026 total CAD was $5,485,682, or $0.24 per BUC, decreasing from $12,220,564, or $0.53 per BUC, for YTD 2025.

Key Financial Position Metrics (As of June 30, 2026)

Total Assets

Total assets amounted to $1.39 billion as of June 30, 2026, a decrease from $1,502,887 thousand as of December 31, 2025.

Mortgage Revenue Bond (MRB) and Governmental Issuer Loan (GIL) Investments

Total MRB and GIL investments were $927.5 million as of June 30, 2026.

Leverage Ratio

The overall leverage ratio as of June 30, 2026, was 74%, a slight decrease from 75% as of December 31, 2025.

Operational Metrics (Q2 2026)

Investment Activity

Advances and acquisitions on taxable MRB, GIL, and property loan investments totaled approximately $42.5 million during Q2 2026. Redemptions of GIL and taxable GIL investments amounted to approximately $153.6 million in Q2 2026. Contributions to market-rate joint venture equity investments totaled approximately $4.2 million in Q2 2026. All MRB and GIL investments were current on contractual principal and interest payments as of June 30, 2026.

Hedging Strategy

Net receipts from Greystone Housing Impact Investors LP’s hedging strategy, primarily interest rate swaps, were approximately $214,000 for the three months ended June 30, 2026.

Outlook / Guidance

Greystone Housing Impact Investors LP is pursuing a strategy to reduce capital in market-rate multifamily joint venture equity investments, aiming to redeploy it into primarily tax-exempt mortgage revenue bond investments. This strategic shift is expected to lead to more stable investment earnings and an increased proportion of tax-advantage income for unitholders over the long term. Near-term operating results will be influenced by the pace of asset sales and the ability to effectively redeploy capital into new tax-exempt MRB opportunities.