Greystone Housing Impact Investors LP (GHI) Stock Analysis
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Greystone Housing Impact Investors LP (GHI) trades at $6.47 with AI Score 43/100 (Grade C). Greystone Housing Impact Investors LP focuses on acquiring and managing mortgage revenue bonds (MRBs) for multifamily and commercial properties. Market cap: $152M, Sector: Financial services.
Price as of Aug 21, 2026 · Last analyzed: May 10, 2026Analyst Coverage for GHI: GHI does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates GHI against Financial Services peers across nine fundamental dimensions and assigns an underweight signal based on the underlying data.
GHI: 1/3 scored disciplines lean bearish. Dominant signal: Ray Dalio bullish.
How is this calculated? →Why this analysis is different
- A sector-relative MoonshotScore — five pillars (business quality, financial safety, valuation, growth durability, momentum) re-ranked nightly against the full universe of US-listed common stocks.
- An AI Council read across up to eight perspectives — value, macro, quantitative, and momentum lenses — that shows where they disagree instead of averaging the tension away.
- Figures come straight from FMP and Yahoo Finance filings data. The AI writes the narrative around the numbers — it never edits the numbers.
Greystone Housing Impact Investors LP (GHI) Financial Services Profile
Greystone Housing Impact Investors LP specializes in mortgage revenue bonds, offering financing solutions for multifamily and commercial properties. Operating through four segments, including affordable multifamily and market-rate joint ventures, the company provides stable returns through strategic investments in the housing sector, marked by an 18.16% dividend yield.
What Is the Investment Thesis for GHI?
Greystone Housing Impact Investors LP presents a unique investment opportunity within the mortgage finance sector, primarily driven by its focus on mortgage revenue bonds (MRBs). The company's high dividend yield of 18.16% is a significant attraction for income-seeking investors. Key to the investment thesis is the company's ability to effectively manage its portfolio of MRBs across its four segments, adapting to changing market conditions and interest rate environments. Growth catalysts include strategic acquisitions and efficient capital allocation. However, potential risks include fluctuations in interest rates and economic downturns, which could impact the performance of the underlying properties and the value of the MRBs. The company's market capitalization of $152M reflects its current scale and potential for growth within the specialized area of housing finance.
Based on FMP financials and quantitative analysis
GHI Key Highlights
Market capitalization of $152M indicates the company's size and potential for growth within its niche market.
- Gross margin of 45.2% demonstrates the company's ability to generate profit from its revenue streams.
- Dividend yield of 18.16% offers a substantial return for income-focused investors.
- Beta of 0.76 suggests lower volatility compared to the overall market.
- Operates through four segments: Affordable Multifamily MRB Investments, Seniors and Skilled Nursing MRB Investments, MF Properties, and Market-Rate Joint Venture Investments
Who Are GHI's Competitors?
GHI is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| SNFCA Security National Financial Corporation | $8.81 | -0.96% | $197M | 52 |
| IOR Income Opportunity Realty Investors, Inc. | $20.02 | +0.00% | $81.4M | 42 |
| BETRW Better Home & Finance Holding Company | $0.14 | -0.21% | $295M | 69 |
| ONIT Onity Group Inc. | $35.91 | +0.64% | $303M | 32 |
| CFSU Complete Financial Solutions, Inc. | $0.08 | +8.57% | $76.6M | 51 |
| FCMGF Firm Capital Mortgage Investment Corporation | $8.55 | -0.12% | $314M | 47 |
| HMPT Home Point Capital Inc. | $2.33 | +0.22% | $322M | 39 |
| TBCRF Timbercreek Financial Corp. | $4.48 | -0.44% | $371M | 41 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are GHI's Key Strengths?
High dividend yield of 18.16% attracts investors.
- Diversified portfolio across multiple housing segments.
- Expertise in mortgage revenue bonds (MRBs).
- Established presence in key markets.
What Are GHI's Weaknesses?
Small market capitalization of $152M.
- Negative profit margin of -10.2%.
- Limited number of employees (1).
- Reliance on interest rate environment.
What Could Drive GHI Stock Higher?
GHI catalyst: Strategic acquisitions of mortgage revenue bond (MRB) portfolios to expand market presence and diversify investments.
- Implementation of technology solutions to improve operational efficiency and reduce costs.
- Development and launch of new financial products tailored to specific housing market needs.
- Partnerships with government agencies to access new funding sources and investment opportunities.
What Are the Key Risks for GHI?
Financial-distress signal — its Altman Z-Score of 0.17 sits in the distress zone (elevated bankruptcy risk).
- Negative return on equity (-0.0%) — the business is not currently generating profit on shareholder capital.
- Inconsistent delivery — missed Wall Street EPS estimates in 6 of the last 8 reported quarters.
- Fluctuations in interest rates could impact the value of mortgage revenue bonds and reduce investment returns.
- Economic downturns could lead to increased default rates on underlying properties and negatively affect the company's financial performance.
- Regulatory changes in the mortgage industry could create uncertainty and increase compliance costs.
- Competition from other financial institutions could put pressure on margins and limit growth opportunities.
What Are the Growth Opportunities for GHI?
- Expansion into Underserved Markets: Greystone Housing Impact Investors LP can expand its investments in underserved markets with high demand for affordable housing. By targeting areas with limited access to financing, the company can increase its portfolio of MRBs and generate higher returns. The market for affordable housing is expected to grow, driven by demographic trends and government initiatives. Timeline: Ongoing.
- Strategic Acquisitions of MRB Portfolios: Acquiring existing portfolios of mortgage revenue bonds from other financial institutions can provide Greystone Housing Impact Investors LP with immediate scale and diversification. This strategy allows the company to quickly expand its presence in key markets and capitalize on economies of scale. The market for MRB portfolios is dynamic, with opportunities arising from regulatory changes and market consolidation. Timeline: Ongoing.
- Development of New Financial Products: Greystone Housing Impact Investors LP can develop new financial products that cater to specific needs within the housing market. This includes creating innovative MRB structures that offer enhanced risk-adjusted returns and attract a wider range of investors. The market for specialized financial products is growing, driven by increasing demand for tailored investment solutions. Timeline: Upcoming.
- Leveraging Technology for Efficiency: Implementing advanced technology solutions can improve the efficiency of Greystone Housing Impact Investors LP's operations and reduce costs. This includes using data analytics to identify promising investment opportunities and streamline the management of its MRB portfolio. The market for fintech solutions in the mortgage industry is rapidly expanding, offering significant opportunities for innovation. Timeline: Ongoing.
- Partnerships with Government Agencies: Collaborating with government agencies and non-profit organizations can provide Greystone Housing Impact Investors LP with access to new funding sources and investment opportunities. This includes participating in government-sponsored programs aimed at promoting affordable housing and community development. The market for public-private partnerships in the housing sector is growing, driven by increasing demand for innovative financing solutions. Timeline: Ongoing.
What Are GHI's Competitive Advantages?
- Specialized expertise in mortgage revenue bonds (MRBs) provides a competitive advantage.
- Established relationships with developers and government agencies.
- Diversified portfolio across different segments of the housing market.
- High dividend yield attracts income-seeking investors.
What Does GHI Do?
Greystone Housing Impact Investors LP, formerly known as America First Multifamily Investors, L.P., was incorporated in 1998 and rebranded in December 2022. Headquartered in Omaha, Nebraska, the company acquires, holds, sells, and manages a diverse portfolio of mortgage revenue bonds (MRBs). These MRBs are specifically issued to finance the construction and permanent financing of multifamily, student housing, residential, and commercial properties. The company operates through four key segments: Affordable Multifamily MRB Investments, Seniors and Skilled Nursing MRB Investments, MF Properties, and Market-Rate Joint Venture Investments. Each segment caters to distinct needs within the housing market, from providing affordable housing solutions to investing in senior care facilities and market-rate properties. Greystone Housing Impact Investors LP strategically positions itself to capitalize on opportunities within the housing finance sector, focusing on generating stable returns through its MRB portfolio.
What Products and Services Does GHI Offer?
- Acquires mortgage revenue bonds (MRBs) to finance multifamily and commercial properties.
- Holds and manages a portfolio of MRBs across various segments of the housing market.
- Sells MRBs to generate returns and manage risk.
- Provides construction and permanent financing for residential and commercial properties.
- Operates through four segments: Affordable Multifamily, Seniors/Skilled Nursing, MF Properties, and Market-Rate Joint Ventures.
- Invests in student housing and commercial properties.
How Does GHI Make Money?
- Generates revenue through interest income from its portfolio of mortgage revenue bonds.
- Profits from the sale of MRBs in the secondary market.
- Manages risk through diversification across different property types and geographic locations.
- Focuses on providing financing solutions for affordable and market-rate housing projects.
What Industry Does GHI Operate In?
Greystone Housing Impact Investors LP operates within the financial services sector, specifically focusing on the mortgage industry. The market for mortgage revenue bonds (MRBs) is influenced by factors such as interest rates, housing demand, and government policies aimed at promoting affordable housing. The competitive landscape includes other firms specializing in mortgage finance and real estate investment trusts (REITs) that focus on similar property types. Greystone differentiates itself through its specific focus on MRBs and its diversified portfolio across different segments of the housing market.
Who Are GHI's Key Customers?
- Developers of multifamily and student housing properties.
- Owners and operators of senior and skilled nursing facilities.
- Investors seeking stable returns through mortgage-backed securities.
- Commercial property developers.
Company Profile
Greystone Housing Impact Investors LP operates in the Financial - Mortgages industry within the Financial Services sector. It is headquartered in Omaha, US. The company is led by CEO Kenneth C. Rogozinski. GHI has traded publicly since 1986.
Greystone Housing Impact Investors LP Financial Trajectory
Greystone Housing Impact Investors LP (GHI) reported $21.2M in revenue for Q2 2026, reflecting 15.0% growth compared to the prior quarter. The company recorded a net loss of $1.5M, with diluted EPS of $-0.11. Revenue has increased across the last three reported quarters, suggesting sustained momentum for this micro-cap Financial Services company. Across the four most recent quarters, GHI averaged $-0.09 in diluted EPS.
How Greystone Housing Impact Investors LP Is Valued
Greystone Housing Impact Investors LP carries a market capitalization of $152M, placing it in the micro-cap category. Relative to its peer group, GHI's quantitative score of 43/100 is roughly in line with the peer average of 49/100.
Key Financial Metrics
Return on equity for Greystone Housing Impact Investors LP stands at -0.0%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is -0.0%, showing how much profit it generates from its asset base. A current ratio of 88.31 indicates the company holds enough short-term assets to cover its near-term obligations. Its earnings yield is -7.1%, the inverse of the P/E and a quick read on earnings relative to price.
Financial Health
Greystone Housing Impact Investors LP's Piotroski F-Score is 4/9, a 9-point checklist of profitability, leverage and efficiency — a middling fundamental profile. Its Altman Z-Score of 0.17 places it in the distress zone, a signal of elevated financial risk.
Earnings Track Record
Greystone Housing Impact Investors LP has missed Wall Street's EPS estimate in 6 of its last 8 reported quarters — a mixed record worth weighing. Reported results have landed about 38.1% below estimates on average.
Forward Outlook
Wall Street analysts project Greystone Housing Impact Investors LP revenue of about $83.5M for fiscal 2026, with EPS near $0.51.
GHI Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2025
Bull Case vs Bear Case
Bull Case
- High dividend yield of 18.16% attracts investors.
- Diversified portfolio across multiple housing segments.
- Expertise in mortgage revenue bonds (MRBs).
- Established presence in key markets.
Bear Case
- Small market capitalization of $152M.
- Negative profit margin of -10.2%.
- Limited number of employees (1).
- Reliance on interest rate environment.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · August 2026
Recent Quarterly Results
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q2 2026 | $21M | -$2M | -$0.11 |
| Q1 2026 | $18M | $1M | $0.01 |
| Q4 2025 | $9M | -$6M | -$0.30 |
| Q3 2025 | $20M | $2M | $0.04 |
Based on FMP financials and quantitative analysis
GHI Latest News
No recent news available for GHI.
GHI Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for GHI.
Price Targets
Wall Street price target analysis for GHI.
GHI MoonshotScore
What does this score mean?
The MoonshotScore rates GHI 0-100 on quantitative fundamentals — growth, financial health, valuation, momentum, and risk.
Leadership: Kenneth C. Rogozinski
Unknown
Kenneth C. Rogozinski serves as a key leader within Greystone Housing Impact Investors LP, guiding the company's strategic direction and investment decisions. His background includes extensive experience in financial management and investment strategy, particularly within the real estate and mortgage sectors. Rogozinski's expertise encompasses portfolio management, risk assessment, and capital allocation, essential for navigating the complexities of the mortgage revenue bond market. His leadership is pivotal in driving the company's growth and ensuring its financial stability.
Track Record: Under Kenneth C. Rogozinski's leadership, Greystone Housing Impact Investors LP has focused on strategic investments in mortgage revenue bonds (MRBs), enhancing the company's portfolio and generating returns for investors. His tenure has been marked by efforts to optimize the company's capital structure and navigate fluctuating interest rate environments. Key achievements include maintaining a high dividend yield and expanding the company's presence in key markets.
Common Questions About GHI (Financial Services)
What does the AI Score mean for GHI?
GHI holds an AI Score of 43/100 (Grade: C). This is an educational research signal, not a buy or sell recommendation. Greystone Housing Impact Investors LP focuses on acquiring and managing mortgage revenue bonds (MRBs) for multifamily and commercial properties. The company operates through four segments …
What does Greystone Housing Impact Investors LP do?
Greystone Housing Impact Investors LP specializes in acquiring, holding, selling, and managing a portfolio of mortgage revenue bonds (MRBs). These MRBs are used to finance the construction and permanent financing of multifamily, student housing, residential, and commercial properties.
What do analysts say about GHI stock?
Analyst coverage of Greystone Housing Impact Investors LP is limited, given its relatively small market capitalization of $152M. Key valuation metrics to consider include the company's high dividend yield of 18.16% and its gross margin of 45.2%. Growth considerations include the company's ability to effectively manage its portfolio of MRBs and capitalize on opportunities within the housing market.
What are the main risks for GHI?
The main risks for Greystone Housing Impact Investors LP include fluctuations in interest rates, which could impact the value of its mortgage revenue bond (MRB) portfolio. Economic downturns could lead to increased default rates on the underlying properties, negatively affecting the company's financial performance. Regulatory changes in the mortgage industry could create uncertainty and increase compliance costs.
How does Greystone Housing Impact Investors LP manage its credit risk?
Greystone Housing Impact Investors LP manages credit risk through careful selection and monitoring of its mortgage revenue bond (MRB) portfolio. The company focuses on diversifying its investments across different property types and geographic locations to reduce concentration risk. It also conducts thorough due diligence on the underlying properties and borrowers to assess their creditworthiness.
How is Greystone Housing Impact Investors LP adapting to changing interest rate environments?
Greystone Housing Impact Investors LP adapts to changing interest rate environments by actively managing its portfolio of mortgage revenue bonds (MRBs). The company may adjust its investment strategy to focus on MRBs with shorter maturities or variable interest rates to mitigate the impact of rising interest rates. It also employs hedging strategies to protect against interest rate risk.
What are the key factors to evaluate for GHI?
Greystone Housing Impact Investors LP (GHI) holds an AI score of 43/100 (low). Greystone Housing Impact Investors LP presents a unique investment opportunity within the mortgage finance sector, primarily driven by its focus on mortgage revenue bonds (MRBs). Not financial advice.
How frequently does GHI data refresh on this page?
GHI's price was last updated on Aug 21, 2026 and refreshes on page view during U.S. market hours — it is not a real-time exchange feed. Fundamentals update after quarterly filings; the MoonshotScore recalculates nightly; news aggregates continuously.
What has driven GHI's recent stock price performance?
Greystone Housing Impact Investors LP (GHI) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: High dividend yield of 18.16% attracts investors. See the News tab for the latest drivers. Past performance does not predict future results.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Information is based on available data and may be subject to change.
- Limited analyst coverage may affect the accuracy of certain statements.