---
schema_version: "secwatch.filing_event.v1"
accession: "0001561894-25-000058"
form_type: "8-K"
ticker: "HASI"
cik: "0001561894"
company_name: "HA Sustainable Infrastructure Capital, Inc."
filed_at: "2025-05-07T23:59:59+00:00"
generated_at: "2026-05-22T08:00:13.276344+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# HASI Q1 GAAP EPS $0.44 down from $0.98; Adjusted EPS $0.64; reaffirms 8-10% growth through 2027

## Summary
- 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%.

## SEC filing metadata
- accession: 0001561894-25-000058
- form_type: 8-K
- ticker: HASI
- cik: 0001561894
- company_name: HA Sustainable Infrastructure Capital, Inc.
- filed_at: 2025-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1561894/000156189425000058/0001561894-25-000058-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1561894/000156189425000058/hasi-20250507.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001561894-25-000058
- JSON: https://secwatch.observer/filing/0001561894-25-000058.json
- Plain text: https://secwatch.observer/filing/0001561894-25-000058.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.