Greystone Housing Impact Investors LP (GHI)

Over the past six months, GHI's stock experienced a 31.65% decline between November 4, 2024, and October 31, 2025. On November 26, 2025, the stock price increased by 0.89%, marking its third consecutive day of gains, but has fallen in 7 of the last 10 days, resulting in a 1.59% decrease. Compared to the previous week, the stock rose by 4.14%, but it experienced a 20.68% fall over the last month and a 43.46% decrease over the past year. On September 16, 2025, GHI announced a regular quarterly cash distribution of $0.30 per BUC, paid on October 31, 2025. On October 14, 2025, the company issued 500,000 Series B Preferred Units, generating $5 million. GHI reported a net income of $2.0 million ($0.03 per BUC) and Cash Available for Distribution of $4.6 million ($0.20 per BUC) for Q3 2025, with total revenues decreasing to $21.68 million. The company is reducing capital allocation to joint venture equity investments and listed the Vantage at Loveland property for sale. GHI's stock has not shown significant price volatility in the past three months, and its weekly volatility of 5% has remained stable over the last year.

There is no explicit information indicating significant seasonality in the demand for GHI's core products and services. The demand for affordable and multifamily housing in the US is generally strong and is expected to spark sustainable growth. The company's investments in market-rate joint ventures have been impacted by market conditions such as higher interest rates and multifamily capitalization rates, which negatively affected asset values and led to lower returns on sales in 2025.

Greystone Housing Impact Investors LP (GHI), formerly America First Multifamily Investors, L.P., established in 1998, focuses on acquiring, holding, selling, and dealing with mortgage revenue bonds (MRBs) for affordable multifamily, student, senior citizen housing, skilled nursing, and commercial properties across the United States. GHI operates within the Financial Services sector, segmented into Affordable Multifamily MRB Investments, Seniors and Skilled Nursing MRB Investments, Market-Rate Joint Venture Investments, and MF Properties, with the majority of revenue generated from Affordable Multifamily MRB Investments. GHI also invests in governmental issuer loans.

Greystone Housing Impact Investors LP primarily invests in properties located within the United States and the company's headquarters are in Omaha, Nebraska.

Greystone has maintained a strong reputation in the real estate finance and investment sector, ranked as the #1 overall HUD Multifamily and Healthcare Lender for eight consecutive years. The company's decision to reduce capital allocation to market-rate joint venture equity investments could be perceived as a prudent strategic adjustment. The continued strong demand for affordable and multifamily housing supports a positive outlook for its primary business.

Greystone Housing Impact Investors LP's ownership is composed of 8.18% institutional shareholders, 26.65% insiders, and 65.18% retail investors. Key institutional holders include Raymond James Financial Inc, Morgan Stanley, and Equitable Holdings, Inc. Michael B. Yanney is the largest individual shareholder, holding 1.95 million shares, representing 8.26% of the company.