कंपनी का अवलोकन
Greystone Housing Impact Investors LP (GHI) operates primarily within the financial services sector, specifically functioning in the mortgage finance industry. The company's core business involves acquiring, holding, selling, and dealing in mortgage revenue bonds designed to provide construction and permanent financing for multifamily, student housing, residential, and commercial properties across the United States. This entity currently holds a market capitalization of $118.52M and reports an annual revenue of $25.19M for the trailing twelve months. Although specific employee count data is unavailable, the scale indicated by a market cap of $118.52M suggests a mid-sized market participant with a specialized focus on niche real estate financing instruments rather than a broad-scale banking institution. The annual revenue of $25.19M reflects a relatively modest operational scale, positioning the company as a smaller player in the broader mortgage finance landscape where capital efficiency and asset selection are critical drivers of performance.
वित्तीय स्वास्थ्य
The company reported a revenue of $25.19M for the trailing twelve months, yet it simultaneously recorded a net income of -$12,047,580, indicating a significant negative gap between top-line earnings and bottom-line profitability. The EBITDA for the period is not available, which limits the immediate assessment of operational cash generation before interest and taxes. The gross margin stands at 100.0%, suggesting that the cost of goods sold is negligible or zero for this specific reporting period, while the operating margin is 13.9% and the profit margin is -30.9%. This divergence between a perfect gross margin and a negative profit margin reveals that high operating expenses, likely related to interest costs or administrative overhead, are consuming the entire operating income and driving the overall loss. The free cash flow metric is not available, making it impossible to directly evaluate the company's immediate financial flexibility regarding capital expenditures or dividend coverage from cash flows. In terms of leverage, the company holds $40.84M in cash against total debt of $1.10B, resulting in a debt-to-equity ratio of 289.24, which characterizes the balance sheet as highly leveraged and sensitive to interest rate fluctuations. The current ratio is 0.87, a figure below 1.0 that indicates the company possesses fewer liquid assets than current liabilities, signaling potential short-term liquidity constraints. Furthermore, the return on equity is -2.0% and the return on assets is -0.5%, metrics that reveal management is currently destroying shareholder value and failing to generate returns on the deployed capital base.
मूल्यांकन आकलन
The trailing P/E ratio is not available due to negative earnings, whereas the forward P/E is listed at 2.87, implying that the market expects earnings to turn positive or significantly improve in the future to justify this low multiple. The price-to-book ratio is 0.42, indicating that the stock is trading at less than half of its book value, which often suggests a deep discount or significant underlying risks perceived by the market. The price-to-sales ratio is 4.70, a metric that, in the absence of earnings, provides an alternative lens on valuation relative to revenue generation. The EV/EBITDA multiple is not available, preventing a direct comparison of enterprise value to operating earnings. The stock's 52-week high is $12.70 and the 52-week low is $4.71; without the current specific share price listed in the facts, the exact percentage distance from these levels cannot be calculated, but the wide range suggests high volatility. The beta is 0.76, which implies that the stock's price volatility is roughly 24% lower than the broader market, suggesting a defensive characteristic despite the high leverage.
Growth & Income
The revenue growth year-over-year is -15.6%, while earnings growth is not available due to the reported losses, indicating that the company is currently contracting rather than expanding its top line. Because the earnings growth figure is N/A and earnings are negative, a traditional comparison of earnings growth versus revenue growth is not feasible, but the negative revenue growth implies a contraction in the underlying mortgage bond portfolio or origination volume. The company reports a dividend yield of 19.7% with a payout ratio of 788.2%, a figure that is mathematically unsustainable given the negative net income and indicates that dividends are being paid from cash reserves or capital rather than operational profits. Given the payout ratio exceeds 100%, the dividend cannot be sustained by current earnings and relies entirely on available liquidity or asset sales. The overall growth and income profile presents a complex picture of a highly leveraged entity with negative revenue growth attempting to maintain a dividend yield that is not supported by its current profitability or earnings trajectory.