Greystone Housing Impact Investors Lp Beneficial · NYSE:GHI
Greystone Housing Impact Investors Lp Beneficial — Greystone Housing Impact Investors — Q3 2025 Earnings Presentation
23 slides from Greystone Housing Impact Investors Lp Beneficial's earnings presentation, Nov 6, 2025
Slide 1: Supplemental Financial Report for the Quarter Ended September 30, 2025
Supplemental Financial Report for the Quarter Ended September 30, 2025 ©2025 Greystone & Co. II LLC. All rights reserved. References to the term “Greystone,” refer to Greystone & Co. II LLC and/or its affiliated companies, as applicable.
Slide 2: Table of Contents
Supplemental Financial Report for the Quarter Ended September 30, 2025 Partnership Financial Information TABLE OF CONTENTS 3 Letter from the CEO 5 Quarterly Fact Sheet 6 Financial Performance Information 18 Appendices 22 Important Disclosure Notices 23 Other Partnership Information © 2025 Greystone
Slide 3: Letter from the CEO
Supplemental Financial Report for the Quarter Ended September 30, 2025 Letter from the CEO I am pleased to report Greystone Housing Impact Investors LP’s operating results for the third quarter of 2025. We reported the following financial results as of and for the three months ended September 30, 20
Slide 4: Letter from the CEO (continued)
Supplemental Financial Report for the Quarter Ended September 30, 2025 market rate multifamily investment profitability for the foreseeable future. However, we remain positive on market rate senior housing investment opportunities. Additionally, we also see strong investment opportunities for our tr
Slide 5: Third Quarter 2025 Fact Sheet
Supplemental Financial Report for the Quarter Ended September 30, 2025 Third Quarter 2025 Fact Sheet PARTNERSHIP DETAILS Greystone Housing Impact Investors LP was formed for the purpose (As of September 30, 2025) of acquiring a portfolio of MRBs that are issued to provide Symbol (NYSE) GHI construct
Slide 6: Operating Results Summary
Supplemental Financial Report for the Quarter Ended September 30, 2025 Operating Results Summary (Dollar amounts in thousands, except per BUC information) Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Total revenues $ 24,345 $ 22,586 $ 25,125 $ 23,591 $ 21,677 Total expenses (28,279) (12,371) (21,573) (29
Slide 7: Asset Profile
Supplemental Financial Report for the Quarter Ended September 30, 2025 Asset Profile (Dollar amounts in thousands) © 2025 Greystone & Co. II LLC 7
Slide 8: Mortgage Investments to Total Assets Profile
Supplemental Financial Report for the Quarter Ended September 30, 2025 Mortgage Investments to Total Assets Profile (Dollar amounts in thousands) Note: Mortgage Investments include the Partnership’s Mortgage Revenue Bonds, Governmental Issuer Loans, Taxable Mortgage Revenue Bonds, Taxable Government
Slide 9: Debt and Equity Profile
Supplemental Financial Report for the Quarter Ended September 30, 2025 Debt and Equity Profile (Dollar amounts in thousands) © 2025 Greystone & Co. II LLC 9
Slide 10: Debt Financing
Supplemental Financial Report for the Quarter Ended September 30, 2025 Debt Financing (Dollar amounts in thousands) (1) The variable-rate debt financing is hedged through our interest rate swap agreements. Though the variable rate indices may differ, these interest rate swaps have effectively synthe
Slide 11: Debt Investments Activity
Supplemental Financial Report for the Quarter Ended September 30, 2025 Debt Investments Activity (1) (Dollar amounts in thousands) Quarterly Activity Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Investment Purchases $ 58,003 $ 68,810 $ 60,610 $ 47,376 $ 27,552 Sales and Redemptions (57,339) (13,267) (114
Slide 12: Market-Rate JV Equity Investments Activity
Supplemental Financial Report for the Quarter Ended September 30, 2025 Market-Rate JV Equity Investments Activity (Dollar amounts in thousands) Quarterly Activity Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 JV Equity Contributions $ 10,443 $ 11,156 $ 7,709 $ 3,095 $ 331 Return of JV Equity Contributions
Slide 13: Net Book Value Waterfall
Supplemental Financial Report for the Quarter Ended September 30, 2025 Net Book Value Waterfall Note: Per unit data derived from weighted average BUCs outstanding during the period, except for the Net Book Values, which are based on shares outstanding on the stated date, including unvested restricte
Slide 14: Interest Rate Sensitivity Analysis
Supplemental Financial Report for the Quarter Ended September 30, 2025 Interest Rate Sensitivity Analysis The interest rate sensitivity table below represents the change in interest income from investments, net of interest on debt and settlement payments for interest rate derivatives over the next t
Slide 15: Total Revenue & Gain on Sale Trends
Supplemental Financial Report for the Quarter Ended September 30, 2025 Total Revenue & Gain on Sale Trends (Dollar amounts in thousands) © 2025 Greystone & Co. II LLC 15
Slide 16: Operating Expense Trends
Supplemental Financial Report for the Quarter Ended September 30, 2025 Operating Expense Trends (Dollar amounts in thousands) (1) This Item includes unrealized gains and losses on the Partnership's interest rate derivative instruments that are non-cash income (expense) in the period reported. For Q3
Slide 17: Tax Income Information Related to Beneficial Unit Certificates
Supplemental Financial Report for the Quarter Ended September 30, 2025 Tax Income Information Related to Beneficial Unit Certificates The following table summarizes tax-exempt and taxable income as percentages of total income allocated to the Partnership’s BUCs on Schedule K-1 for tax years 2022 to
Slide 18: Appendices
Supplemental Financial Report for the Quarter Ended September 30, 2025 Appendices © 2025 Greystone & Co. II LLC 18
Slide 19: Operating Results Detail
Supplemental Financial Report for the Quarter Ended September 30, 2025 Operating Results Detail (Dollar amounts in thousands, except per BUC information) Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Revenues: Investment income $ 21,821 $ 20,056 $ 21,878 $ 20,825 $ 18,301 Other interest income 2,235 2,200
Slide 20: Cash Available for Distribution
Supplemental Financial Report for the Quarter Ended September 30, 2025 Cash Available for Distribution (1) (Dollar amounts in thousands, except per BUC information) Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Net income (loss) $ (4,636) $ 10,133 $ 3,327 $ (7,071) $ 1,968 Unrealized (gains) losses on der
Slide 21: Balance Sheet Summary
Supplemental Financial Report for the Quarter Ended September 30, 2025 Balance Sheet Summary (Dollar amounts in thousands, except per BUC information) 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 Assets: Cash $ 37,374 $ 14,703 $ 51,389 $ 47,469 $ 36,171 Restricted cash 10,446 16,603 13,066 11,
Slide 22: Important Disclosure Notices
Supplemental Financial Report for the Quarter Ended September 30, 2025 Important Disclosure Notices Forward-Looking Statements All statements in this document other than statements of historical facts, including statements regarding our future results of operations and financial position, business s
Slide 23: Other Partnership Information
Supplemental Financial Report for the Quarter Ended September 30, 2025 Other Partnership Information Corporate Office: Transfer Agent: 14301 FNB Parkway Equiniti Trust Company, LLC Suite 211 28 Liberty Street, Floor 53 Omaha, NE 68154 New York, NY 10005 Phone: 402-952-1235 HelpAST@equiniti.com Inves
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