earnings
confidence high
sentiment positive
materiality 0.85
HASI Posts 2023 Distributable EPS $2.23, Up 7% YoY; Raises Dividend 5% to $0.415; Guides 8-10% CAGR Through 2026
HA Sustainable Infrastructure Capital, Inc.
2023-FY EPS reported
$1.42
revenue$319,871,000
- GAAP EPS $1.42 diluted vs $0.47 in 2022; Distributable EPS $2.23 vs $2.08, 7% growth.
- Portfolio grew 44% to $6.2B; managed assets 26% to $12.3B; closed $2.3B of investments.
- Dividend raised 5% to $0.415/share for Q1 2024; new guidance targets 8-10% CAGR in distributable EPS through 2026 and 60-70% payout ratio.
- Board approved revocation of REIT election effective Jan 1, 2024; expects no material operational impact due to existing NOLs.