HA Sustainable Infrastructure Capital Inc (HASI) Q3 2024 Earnings Call Highlights: Strong ...

GuruFocus.com11-08

New Investments Year-to-Date: $1.7 billion as of the start of the fourth quarter. Managed Assets Growth: 14% increase over the last 12 months, exceeding $13 billion. Portfolio Yield: Increased to 8.1%...

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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHA Sustainable Infrastructure Capital Inc (HASI) Q3 2024 Earnings Call Highlights: Strong ...\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-08 15:34 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/sustainable-infrastructure-capital-inc-hasi-073434603.html><strong>GuruFocus.com</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>New Investments Year-to-Date: $1.7 billion as of the start of the fourth quarter.\nManaged Assets Growth: 14% increase over the last 12 months, exceeding $13 billion.\nPortfolio Yield: Increased to 8.1%...</p>\n\n<a href=\"https://finance.yahoo.com/news/sustainable-infrastructure-capital-inc-hasi-073434603.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"HA","symbol_name":"夏威夷控股","start_time":0,"source_url":"https://finance.yahoo.com/news/sustainable-infrastructure-capital-inc-hasi-073434603.html","article_id":"2481145289","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/of_voxPLcS21nuFVM7cmkQ--~B/aD00MDA7dz00MDA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/us.finance.gurufocus/60d59ae3ef7e9442544eabdb1be61bef"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2481145289","pubTimestamp":1731051274,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"New Investments Year-to-Date: $1.7 billion as of the start of the fourth quarter.Managed Assets Growth: 14% increase over the last 12 months, exceeding $13 billion.Adjusted Earnings Per Share : 52 for the third quarter, $1.83 year-to-date, representing 8% growth over the first three quarters of 2023.Transaction Closings Year-to-Date: $1.2 billion, with expectations to exceed $2 billion for the year.Portfolio Growth: Managed assets at $13.1 billion, portfolio increased to $6.3 billion.Adjusted Net Investment Income : $192 million year-to-date, up 20% from the previous year.Recurring Capital Light Income: $19 million year-to-date, up 43%.Upfront Capital Light Income: $65 million year-to-date, up 19%.Debt to Equity Ratio: 1.8 times, within the target range of 1.5 to 2 times.GuruFocus has detected 9 Warning Signs with HASI.For the complete transcript of the earnings call, please refer to the full earnings call transcript.HA Sustainable Infrastructure Capital Inc  closed $1.7 billion in new","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"HA":"夏威夷控股","HASI":"Hannon Armstrong Sustainable Inf"},"translate_title":"HA可持续基础设施资本公司(HASI)2024年第三季度收益看涨期权亮点：强劲……","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HA":1,"HASI":1},"content_text":"New Investments Year-to-Date: $1.7 billion as of the start of the fourth quarter.\nManaged Assets Growth: 14% increase over the last 12 months, exceeding $13 billion.\nPortfolio Yield: Increased to 8.1% year-to-date.\nAdjusted Earnings Per Share (EPS): 52 for the third quarter, $1.83 year-to-date, representing 8% growth over the first three quarters of 2023.\nTransaction Closings Year-to-Date: $1.2 billion, with expectations to exceed $2 billion for the year.\nPortfolio Growth: Managed assets at $13.1 billion, portfolio increased to $6.3 billion.\nReturn on Equity (ROE): 12.4% year-to-date.\nAdjusted Net Investment Income (NII): $192 million year-to-date, up 20% from the previous year.\nRecurring Capital Light Income: $19 million year-to-date, up 43%.\nUpfront Capital Light Income: $65 million year-to-date, up 19%.\nLiquidity: $1.3 billion as of September 30.\nDebt to Equity Ratio: 1.8 times, within the target range of 1.5 to 2 times.\n\n\nWarning! GuruFocus has detected 9 Warning Signs with HASI.\n\nRelease Date: November 07, 2024\nFor the complete transcript of the earnings call, please refer to the full earnings call transcript.\n Positive Points \n\nHA Sustainable Infrastructure Capital Inc (NYSE:HASI) closed $1.7 billion in new investments year-to-date, reflecting strong growth and an active start to the fourth quarter.\nManaged assets have grown by 14% over the last 12 months, now exceeding $13 billion.\nThe company achieved an adjusted earnings per share (EPS) growth of 8% over the first three quarters of 2023.\nHA Sustainable Infrastructure Capital Inc (NYSE:HASI) maintains a consistent and disciplined approach to interest rate risk management, ensuring attractive margins.\nThe company has a robust pipeline of over $5.5 billion, diversified across various markets, indicating strong future growth potential.\n\n Negative Points \n\nThe company reported a GAAP loss of 17 cents per share for Q3, driven by mark-to-market impacts related to power contracts.\nHigher interest rates have increased the company's cost of debt relative to 2023, although it has declined incrementally from earlier in 2024.\nThe renewable natural gas (RNG) market, while growing, is not yet comparable in size to wind and solar markets, potentially limiting diversification.\nGain on sale transactions can vary significantly from quarter to quarter, introducing some unpredictability in financial results.\nThe company's exposure to interest rate volatility remains a concern, despite hedging strategies in place to mitigate risks.\n\n Q & A Highlights \nQ: How significant is the R&G market in the FTN sector, and can it compensate for any declines in the solar and wind markets? A: The R&G market is large and growing, with significant investments from major developers and private equity firms. While it may not match the size of wind and solar, it is becoming a meaningful part of our business due to its diversity and growth potential. (Jeff Lipson, CEO)\nQ: Can you explain the impact of rising interest rates on your earnings and any potential cost savings from the new SunStrong partner? A: We have hedges in place for our floating rate facilities, which are currently supporting earnings. The new partner in SunStrong will continue servicing the lease portfolio, with no immediate cost savings expected. (Marc Pangburn, CFO)\nQ: How do you manage exposure to volatility in RIN credits within your R&G projects? A: We mitigate RIN credit risk by being senior debt holders with good cash flow coverage, which provides a buffer against volatility. (Jeff Lipson, CEO)\nQ: Can you provide more details on the KKR partnership and its impact on your financial statements? A: The KKR partnership is progressing well, with additional investments made in the third and early fourth quarters. The $74 million figure in the press release represents KKR's portion of the co-investment vehicle. (Jeff Lipson, CEO)\nQ: What is your confidence level in achieving $2 billion in originations for the year, given the current progress? A: We have already reached $1.7 billion in originations as of today, with strong visibility on closing the remaining amount to meet our $2 billion target. (Jeff Lipson, CEO)\nFor the complete transcript of the earnings call, please refer to the full earnings call transcript.This article first appeared on \nGuruFocus.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2481145289"}