dividend
confidence high
sentiment negative
materiality 0.70
GHI cuts quarterly distribution to $0.30/BUC, citing high rates and muted property sales
Greystone Housing Impact Investors LP
- Regular quarterly cash distribution reduced to $0.30 per BUC, payable July 31, 2025 to holders of record June 30, 2025.
- CEO cites persistent high interest rates and higher cap rates creating muted sales environment, especially in Texas markets.
- Distribution equates to 9.5% annualized yield based on March 31, 2025 net book value.
- Vantage at Fair Oaks (288 units, Boerne TX) listed for sale; Partnership contributed $12M equity, completed construction May 2023.
- Managing member controls sale; Partnership entitled to net proceeds upon successful sale.
item 8.01item 9.01