HASI Q2 GAAP EPS $0.14 vs -$0.21 YoY; affirms 2024 guidance; intends to drop REIT status

HA Sustainable Infrastructure Capital, Inc.

2023-Q2 EPS reported $0.39 revenue$143,435,000

GAAP net income of $13.5M ($0.14 diluted EPS) vs $18.4M loss (-$0.21) a year ago; Distributable EPS $0.53 vs $0.60.
Record first-half investment volume of $815M at yields >8.5%; portfolio yield increased to 7.7%; portfolio grew 26% YoY to $4.9B.
Reaffirms guidance: 10-13% CAGR distributable EPS growth from 2021 to 2024 (2024 midpoint $2.40); expects 5-8% dividend CAGR.
Declares Q3 dividend of $0.395 per share (consistent with prior); 4% DRIP discount for Q3.
Intends to discontinue REIT election in 2024, subject to board approval, to better capture investment opportunities while maintaining strategy and dividend policy.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

HA Sustainable Infrastructure Capital, Inc. reported the quarter ended June 30, 2023 results: net income $0.14 GAAP diluted EPS QTD, EPS $0.14. Guidance reaffirmed.

Period: the quarter ended June 30, 2023
Net income: $0.14 GAAP diluted EPS QTD
EPS: $0.14
Guidance: reaffirmed
Result: reported results

Exact text from the filing

On August 3, 2023, Hannon Armstrong Sustainable Infrastructure Capital, Inc. (the “Company”) issued an earnings release announcing its financial results for the quarter ended June 30, 2023, as well as its Q3 2023 dividend.

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8 earnings releases filed in the last 30 days. Browse all earnings releases →

HA Sustainable Infrastructure Capital, Inc. filing history →

Source: SEC EDGAR

accession 0001561894-23-000093

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