earnings
confidence high
sentiment negative
materiality 0.75
HASI Q1 GAAP EPS $0.44 down from $0.98; Adjusted EPS $0.64; reaffirms 8-10% growth through 2027
HA Sustainable Infrastructure Capital, Inc.
2025-Q1 EPS reported
$0.44
revenue$96,941,000
- GAAP net income $56.6M vs $123M YoY; revenue $97M down 8%; interest expense $65M.
- Record Q1 investment activity: closed $706M in transactions; pipeline >$5.5B; average yield >10.5%.
- Managed assets grew 12% to $14.5B; recurring income (Adjusted NII + Securitization Income) $79M (+14% YoY).
- Quarterly dividend $0.42/share declared; reaffirms 8-10% Adjusted EPS CAGR through 2027 (midpoint $3.15).
- Leverage 1.9x debt-to-equity; revolver capacity increased $200M to $1.55B; weighted avg interest cost 5.7%.