Greystone Housing Impact Investors (GHI) Q2 FY26 earnings call

Greystone Housing Impact Investors LP is actively repositioning its portfolio by exiting market-rate multifamily JV equity investments and reinvesting capital into stable, tax-advantaged mortgage revenue bonds. While the transition is in its early stages, marked by a GAAP net loss and significant discount to book value, the company maintains strong liquidity and is leveraging its BlackRock JV for construction lending. Management anticipates increased recurring and tax-exempt earnings in the long term as the strategy progresses.