公司概述
Greystone Housing Impact Investors LP is a specialized entity engaged in the acquisition, holding, sale, and management of mortgage revenue bonds designed to finance construction and permanent loans for multifamily, student housing, residential, and commercial properties across the United States. Operating within the broader Financial Services sector, the company specifically functions in the Mortgage Finance industry, providing capital solutions that bridge the gap between institutional lenders and property developers. The entity currently maintains a market capitalization of $118.52M and reports trailing twelve-month revenue of $25.19M, though specific employee headcount data is not publicly disclosed in available records. These valuation and revenue figures indicate a mid-sized market presence where the company's scale is defined more by its specialized asset portfolio and bond issuance capabilities rather than broad revenue generation or a large workforce.
财务健康
The company reported revenue of $25.19M for the trailing twelve months, while net income stood at -$12,047,580, highlighting a significant structural gap where costs and expenses substantially exceed operational revenue. EBITDA is not disclosed in the current financial data, preventing a direct comparison of operational cash generation before interest and taxes. The gross margin stands at 100.0%, which is characteristic of the financial services model where revenue represents interest income and fees rather than the sale of physical goods, yet this does not reflect the company's overall profitability. The operating margin is recorded at 13.9%, while the profit margin is a negative 30.9%, indicating that non-interest expenses and interest costs are eroding the bottom line significantly. Total cash holdings amount to $40.84M, which contrasts sharply with total debt obligations of $1.10B, suggesting the company is highly leveraged rather than conservative. The debt-to-equity ratio is an extreme 289.24, confirming that the balance sheet is supported predominantly by debt financing relative to equity. Short-term liquidity is constrained as evidenced by a current ratio of 0.87, meaning current assets are insufficient to cover current liabilities without external financing or asset sales. Return on Equity is -2.0% and Return on Assets is -0.5%, metrics that reveal management is currently unable to generate positive returns on the capital deployed or the assets held.
估值评估
Trailing twelve-month P/E ratio is not available due to negative earnings, whereas the forward P/E is calculated at 2.87, implying market expectations of future earnings normalization despite current losses. The price-to-book ratio is 0.42, indicating that the market values the company at less than half of its net asset book value, which often suggests undervaluation or significant underlying asset quality concerns. Price-to-sales ratio stands at 4.70, while EV/EBITDA is not disclosed; these alternative metrics suggest the market is pricing the stock based on revenue multiples rather than traditional earnings power. The stock has traded between a 52-week high of $12.70 and a 52-week low of $4.71, placing the current valuation at a level that reflects high volatility and significant downside pressure relative to recent peaks. The beta value is 0.76, which indicates that the stock's price volatility is lower than the broader market average, suggesting it may move less aggressively during market swings compared to large-cap financial equities.
Growth & Income
Revenue growth year-over-year is negative at -15.6%, while earnings growth is not applicable given the current negative earnings situation; this implies that the company is contracting in terms of top-line generation while simultaneously struggling to post profits. The company offers a dividend yield of 19.7%, yet the payout ratio is an unsustainable 788.2%, meaning dividends are being paid from cash reserves or debt service rather than operational earnings. This high payout ratio relative to negative earnings indicates a reliance on balance sheet liquidity to maintain shareholder distributions rather than organic profitability. Overall, the growth and income profile presents a complex picture of a company offering high dividend yields but facing significant revenue contraction and negative profitability trends.