Greystone Housing Impact Investors Reports Q3 2026 Net Income Growth Amid Texas Vacancy Challenges
Greystone Housing Impact Investors LP (GHI) reported a significant increase in net income for the third quarter of 2026, reaching $3.2 million ($0.09 per unit) compared to approximately $851,000 in the prior year period. The company is currently executing a strategic shift, transitioning capital from market-rate multifamily joint venture equity into tax-exempt mortgage revenue bonds (MRBs) to seek more stable returns. Despite the earnings growth, the partnership faces regional headwinds in Texas, where increased multifamily supply has driven up vacancy rates and impacted stabilized MRB occupancy. While non-Texas markets remain strong with 94% occupancy, five mortgage revenue bonds tied to a single Texas borrower experienced payment delays this quarter. The company maintains a robust liquidity position with $32.4 million in unrestricted cash and has hedged 86% of its total debt to mitigate interest rate volatility.
Tickers: $GHI
Topics: book value debt financing interest rate sensitivity mortgage investment portfolio net income
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