Greystone Housing Impact Investors LP (GHI) Key Metrics
GHI valuation today
Trailing 12 months · as of October 17, 2026- Market cap
- $117.1M
- Enterprise value
- $1.19B
- P/E (TTM)
- — 10-yr median 11.1
- Forward P/E
- 6.8
- PEG ratio
- 1.04
- Price / sales
- 3.5 10-yr median 4.8
- Price / book
- 0.5 10-yr median 0.9
- EV / EBITDA
- 14.1 10-yr median 25.1
- Dividend yield
- 11.27% $0.56 a year
- Beta
- 0.74
GHI key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsGHI valuation Price multiples at each fiscal year-end price.
Price / sales−6.7%
2.2
2025 · hover or tap a bar for each year
20162025
Price / book−31.8%
0.4
2025 · hover or tap a bar for each year
20162025
Price / free cash flow−67.6%
4.3
2025 · hover or tap a bar for each year
20162025
Free cash flow yield+15.9 pts
23.5%
2025 · hover or tap a bar for each year
20162025
GHI returns How much profit the business earns on the capital it uses.
Return on equity−7.2 pts
−2.0%
2025 · hover or tap a bar for each year
20162025
Return on invested capital−1.8 pts
−0.4%
2025 · hover or tap a bar for each year
20162025
Return on assets−1.9 pts
−0.5%
2025 · hover or tap a bar for each year
20162025
Free cash flow margin+33.9 pts
51.8%
2025 · hover or tap a bar for each year
20162025
Asset turnover−27.4%
0.05
2025 · hover or tap a bar for each year
20162025
GHI per-share figures Results divided by the shares outstanding at year-end.
Revenue per share−28.0%
$3.12
2025 · hover or tap a bar for each year
20162025
Earnings per share
−$0.33
2025 · hover or tap a bar for each year
20162025
Free cash flow per share+107.6%
$1.62
2025 · hover or tap a bar for each year
20162025
Book value per share−1.5%
$16.38
2025 · hover or tap a bar for each year
20162025
Dividends per share−5.4%
$1.54
2025 · hover or tap a bar for each year
20162025
Shares outstanding+0.5%
23.2M
2025 · hover or tap a bar for each year
20162025
GHI financial health Debt, liquidity and how easily interest is covered.
Debt / equity−4.9%
2.89
2025 · hover or tap a bar for each year
20162025
Net debt−$53.0M
$1.10B
2025 · hover or tap a bar for each year
20162025
Current ratio−95.3%
0.20
2025 · hover or tap a bar for each year
20162025
Interest coverage
-0.1
2025 · hover or tap a bar for each year
20162025
Debt / assets−1.0%
0.73
2025 · hover or tap a bar for each year
20162025
GHI efficiency & capital use Working capital cycle and where the cash goes.
Days sales outstanding+18,151 days
18,501 days
2025 · hover or tap a bar for each year
20162025
Days payables outstanding+6 days
117 days
2025 · hover or tap a bar for each year
20162025
Cash conversion cycle+18,146 days
18,383 days
2025 · hover or tap a bar for each year
20162025
Capex / revenue0.0 pts
0.0%
2025 · hover or tap a bar for each year
20162025
Dividends + buybacks / FCF−114.8 pts
95.0%
2025 · hover or tap a bar for each year
20162025
GHI valuation history
Fiscal year-endToday10-year median
GHI returns on capital
ROEROICROA
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
GHI debt vs cash
Total debtCash & short-term investments
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
GHI cash returned to shareholders
DividendsBuybacksFree cash flow
GHI price vs earnings per share
Share price at year-endEPS (right axis)
GHI key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $159.7M | $236.5M | $381.9M | $396.4M | $412.2M | $266.4M | $482.3M | $343.1M | $368.5M | $330.5M |
| Enterprise value | $1.26B | $1.39B | $1.39B | $1.46B | $1.28B | $954.6M | $1.04B | $919.1M | $154.3M | $179.0M |
| P/E ratio | — | 11.1 | 7.1 | 6.0 | 10.8 | 37.0 | 15.8 | 8.3 | 12.0 | 13.9 |
| Price / sales | 2.2 | 2.4 | 2.6 | 3.0 | 4.9 | 4.7 | 6.1 | 5.5 | 5.9 | 5.9 |
| Price / book | 0.4 | 0.6 | 0.9 | 0.9 | 0.9 | 0.6 | 1.1 | 1.1 | 1.2 | 1.0 |
| Price / free cash flow | 4.3 | 13.1 | 15.8 | 20.5 | 12.2 | 17.3 | 27.0 | 13.7 | 22.1 | 22.6 |
| Price / operating cash flow | 4.3 | 13.1 | 15.3 | 18.8 | 12.1 | 16.8 | 26.8 | 13.4 | 21.5 | 21.7 |
| EV / sales | 17.3 | 13.9 | 9.6 | 10.9 | 15.2 | 16.8 | 13.3 | 14.8 | 2.5 | 3.2 |
| EV / EBITDA | — | 64.8 | 25.1 | 21.4 | 31.2 | 94.5 | 31.0 | 22.4 | 6.2 | 8.2 |
| EV / free cash flow | 33.5 | 77.0 | 57.8 | 75.6 | 37.8 | 61.9 | 58.4 | 36.6 | 9.2 | 12.3 |
| Earnings yield | −4.8% | 9.0% | 14.1% | 16.5% | 9.2% | 2.7% | 6.3% | 12.0% | 8.3% | 7.2% |
| Free cash flow yield | 23.5% | 7.6% | 6.3% | 4.9% | 8.2% | 5.8% | 3.7% | 7.3% | 4.5% | 4.4% |
| Dividend yield | 22.3% | 15.9% | 11.1% | 11.8% | 7.0% | 9.5% | 7.3% | 10.5% | 9.1% | 10.4% |
| Shareholder yield (dividends + buybacks) | 22.3% | 16.0% | 11.3% | 16.8% | 7.3% | 10.3% | 7.7% | 11.0% | 9.5% | 10.8% |
| Share price at fiscal year-end | $6.89 | $10.25 | $16.72 | $17.33 | $19.21 | $12.70 | $23.01 | $16.79 | $18.08 | $16.14 |
| Per share | ||||||||||
| Revenue per share | $3.12 | $4.34 | $6.36 | $5.86 | $3.91 | $2.71 | $3.74 | $3.05 | $3.09 | $2.72 |
| Earnings per share | −$0.33 | $0.92 | $2.37 | $2.87 | $1.78 | $0.34 | $1.45 | $2.01 | $1.50 | $1.16 |
| Operating cash flow per share | $1.62 | $0.78 | $1.09 | $0.92 | $1.58 | $0.76 | $0.86 | $1.26 | $0.84 | $0.74 |
| Free cash flow per share | $1.62 | $0.78 | $1.06 | $0.84 | $1.57 | $0.74 | $0.85 | $1.23 | $0.82 | $0.71 |
| Cash per share | $0.00 | $0.64 | $1.66 | $2.24 | $3.18 | $2.12 | $2.02 | $1.57 | $44.55 | $37.01 |
| Book value per share | $16.38 | $16.62 | $18.91 | $18.29 | $21.76 | $21.65 | $20.82 | $14.90 | $15.40 | $15.67 |
| Tangible book value per share | $16.38 | $16.62 | $18.91 | $18.29 | $21.76 | $21.65 | $20.82 | $14.90 | $15.40 | $15.67 |
| Dividends per share | $1.54 | $1.63 | $1.86 | $2.04 | $1.34 | $1.21 | $1.69 | $1.77 | $1.64 | $1.67 |
| Capex per share | $0.00 | $0.00 | $0.03 | $0.08 | $0.01 | $0.02 | $0.01 | $0.03 | $0.02 | $0.03 |
| Debt per share | $47.29 | $50.44 | $45.99 | $48.80 | $43.44 | $34.92 | $28.77 | $29.76 | $34.04 | $29.61 |
| Shares outstanding | 23.2M | 23.1M | 22.8M | 22.9M | 21.5M | 21.0M | 21.0M | 20.4M | 20.4M | 20.5M |
| Change in shares outstanding | +0.5% | +1.0% | −0.2% | +6.6% | +2.3% | +0.1% | +2.6% | +0.2% | −0.5% | −0.1% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | −2.0% | 5.2% | 12.7% | 14.8% | 8.3% | 1.6% | 8.2% | 13.3% | 9.6% | 7.5% |
| Return on invested capital (ROIC) | −0.4% | 1.4% | 3.7% | 4.7% | 3.1% | 0.7% | 3.2% | −1.8% | 11.8% | 6.8% |
| Return on assets (ROA) | −0.5% | 1.4% | 3.5% | 4.4% | 3.0% | 0.7% | 3.0% | 4.0% | 3.0% | 2.6% |
| Return on tangible assets | −0.5% | 1.3% | 3.6% | 4.2% | 2.7% | 0.6% | 3.0% | 4.2% | 2.9% | 2.5% |
| Free cash flow margin | 51.8% | 18.0% | 16.6% | 14.4% | 40.2% | 27.1% | 22.8% | 40.3% | 26.5% | 26.2% |
| Income quality (OCF / net income) | — | 0.84 | 0.46 | 0.32 | 0.89 | 2.20 | 0.59 | 0.62 | 0.56 | 0.64 |
| Financial health | ||||||||||
| Total debt | $1.10B | $1.16B | $1.05B | $1.12B | $932.0M | $732.7M | $603.1M | $608.0M | $693.9M | $606.6M |
| Cash & short-term investments | $55,829 | $14.7M | $37.9M | $51.2M | $68.3M | $44.5M | $42.3M | $32.0M | $908.1M | $758.1M |
| Net debt | $1.10B | $1.15B | $1.01B | $1.06B | $863.7M | $688.2M | $560.8M | $576.0M | −$214.2M | −$151.5M |
| Debt / equity | 2.89 | 3.04 | 2.43 | 2.67 | 2.00 | 1.61 | 1.38 | 2.00 | 2.21 | 1.89 |
| Debt / assets | 0.73 | 0.74 | 0.69 | 0.71 | 0.67 | 0.62 | 0.59 | 0.62 | 0.65 | 0.64 |
| Net debt / EBITDA | — | 53.75 | 18.22 | 15.61 | 21.12 | 68.15 | 16.68 | 14.04 | −8.60 | −6.97 |
| Current ratio | 0.20 | 4.13 | 9.24 | 12.31 | 7.99 | 9.10 | 5.56 | 2.66 | 13.70 | 10.59 |
| Quick ratio | 0.20 | 4.13 | 93.60 | 93.98 | −0.85 | −9.09 | 0.69 | 68.12 | 29.78 | 23.25 |
| Interest coverage | -0.1 | 0.4 | 0.8 | 1.5 | 1.7 | 0.3 | 1.2 | -0.4 | 0.8 | 0.8 |
| Working capital | −$256.1M | $58.6M | $148.7M | $218.6M | $127.4M | $58.4M | $47.3M | $25.2M | $849.7M | $719.8M |
| Invested capital | $1.48B | $1.53B | $1.44B | $1.48B | $1.33B | $1.14B | $997.2M | $880.5M | $99.6M | $169.4M |
| Tangible asset value | $379.6M | $383.4M | $431.7M | $418.4M | $466.9M | $454.2M | $436.3M | $304.5M | $313.8M | $320.9M |
| Net current asset value | −$1.06B | −$1.12B | −$915.0M | −$910.8M | −$773.4M | −$655.4M | −$535.1M | −$638.0M | $160.7M | $171.7M |
| Graham number | — | $18.59 | $31.72 | $34.35 | $29.49 | $12.94 | $26.10 | $25.98 | $22.80 | $20.23 |
| Graham net-net per share | $186.99 | −$49.18 | −$74.80 | −$76.38 | −$33.20 | −$28.37 | −$24.51 | −$55.01 | −$17.61 | −$15.28 |
| Capital allocation | ||||||||||
| Dividends paid | $35.7M | $37.5M | $42.5M | $46.6M | $28.7M | $25.4M | $35.3M | $36.2M | $33.5M | $34.2M |
| Share buybacks (net) | $0 | $234,911 | $483,255 | $20.0M | $1.4M | $2.1M | $1.6M | $1.7M | $1.5M | $1.6M |
| Dividend payout ratio | — | 176.0% | 78.6% | 71.1% | 75.2% | 352.6% | 115.9% | 87.9% | 109.4% | 144.0% |
| Dividends + buybacks / free cash flow | 95.0% | 209.8% | 178.0% | 344.9% | 88.8% | 178.5% | 206.6% | 150.6% | 209.2% | 245.6% |
| Capex / revenue | 0.0% | 0.0% | 0.5% | 1.3% | 0.2% | 0.7% | 0.2% | 0.9% | 0.7% | 1.1% |
| Capex / operating cash flow | 0.0% | 0.0% | 3.2% | 8.6% | 0.5% | 2.6% | 0.7% | 2.1% | 2.6% | 4.2% |
| Capex / depreciation | 0.00 | 0.00 | 0.52 | 0.67 | 0.06 | 0.15 | 0.04 | 0.15 | 0.08 | 0.09 |
| Stock-based compensation / revenue | 2.9% | 1,891.1% | 1.4% | 1,143.2% | 1.5% | 1.8% | 4.6% | 2.9% | 2.6% | 1.5% |
| R&D / revenue | — | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| SG&A / revenue | 26.2% | 19.6% | 15.9% | 16.6% | 22.4% | 30.6% | 25.6% | 29.7% | 33.4% | 36.0% |
| Efficiency | ||||||||||
| Days sales outstanding | 18,500.5 | 349.1 | 396.2 | 359.7 | 214.0 | 117.2 | 89.3 | 172.9 | 211.3 | 212.3 |
| Days of inventory on hand | — | — | -8,192.5 | -5,939.2 | 2,431.5 | 1,564.0 | -6,933.9 | -71,137.8 | -44,967.0 | -18,305.4 |
| Days payables outstanding | 117.5 | 111.7 | 98.7 | 157.3 | 211.5 | 151.4 | 188.4 | 1,103.1 | 714.0 | 587.7 |
| Cash conversion cycle (days) | 18,383.1 | 237.4 | -7,895.0 | -5,736.8 | 2,434.0 | 1,529.8 | -7,032.9 | -72,068.0 | -45,469.7 | -18,680.8 |
| Receivables turnover | 0.02 | 1.05 | 0.92 | 1.01 | 1.71 | 3.11 | 4.09 | 2.11 | 1.73 | 1.72 |
| Payables turnover | 3.11 | 3.27 | 3.70 | 2.32 | 1.73 | 2.41 | 1.94 | 0.33 | 0.51 | 0.62 |
| Inventory turnover | — | — | — | — | 0.15 | 0.23 | — | — | — | — |
| Asset turnover | 0.05 | 0.06 | 0.09 | 0.09 | 0.07 | 0.05 | 0.08 | 0.06 | 0.06 | 0.06 |
| Average receivables | $3.67B | $95.7M | $157.8M | $132.0M | $49.2M | $18.3M | $19.2M | $29.5M | $36.4M | $32.4M |
| Average payables | $16.2M | $18.4M | $18.7M | $18.8M | $12.7M | $8.8M | $12.8M | $16.0M | $16.1M | $14.9M |
| Average inventory | — | — | −$1.55B | −$708.8M | $146.2M | $90.9M | −$469.6M | −$1.03B | −$1.01B | −$462.6M |
| Intangibles / total assets | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Computed from GHI's annual financial statements (latest annual report filed January 7, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
GHI valuation and financial ratios
Greystone Housing Impact Investors earned a return on equity of −2.0% and a return on invested capital of −0.4% in fiscal 2025. It ended the year with $1.1 billion of debt and $0.1 million in cash and short-term investments, net debt of $1.1 billion. It returned $35.7 million to shareholders: $35.7 million in dividends and $0 in share buybacks, 95% of free cash flow. The share count rose 13.2% from 20.5M to 23.2M over 9 years.
See the GHI income statement, the GHI chart for price history, or the GHI stock overview for the latest quote and news.
GHI key metrics FAQ
What is Greystone Housing Impact Investors's return on equity?
Greystone Housing Impact Investors's return on equity (ROE) was −2.0% in fiscal 2025: net income of -$7.6 million on average shareholders' equity of $381.5 million.
What is Greystone Housing Impact Investors's ROIC?
Greystone Housing Impact Investors's return on invested capital was −0.4% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Greystone Housing Impact Investors have?
Greystone Housing Impact Investors had total debt of $1.1 billion at the end of fiscal 2025, a debt-to-equity ratio of 2.89.
What is Greystone Housing Impact Investors's dividend yield?
Greystone Housing Impact Investors's forward dividend yield is 11.27%. Greystone Housing Impact Investors paid $35.7 million in dividends in fiscal 2025 ($1.54 per share), a payout ratio of —.
What is Greystone Housing Impact Investors's free cash flow yield?
Greystone Housing Impact Investors generated $37.5 million of free cash flow in fiscal 2025, a free cash flow yield of 23.5% on its market value at year-end ($159.7 million).
What is Greystone Housing Impact Investors's current ratio?
Greystone Housing Impact Investors's current ratio was 0.20 at the end of fiscal 2025: current assets were 0.20 times current liabilities.