HA Sustainable Infrastructure Capital Inc

HASI

Equity

ISIN US41068X1000 / Valor 20741179

New York Stock Exchange, Inc (2024-12-24)

USD 27.72+1.58%

HA Sustainable Infrastructure Capital Inc
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About company

Hannon Armstrong Sustainable Infrastructure Capital Inc (HASI) is a specialized investment firm focused on financing projects that support the transition to a more sustainable energy future. The company's business model revolves around partnering with clients to invest in real assets that not only contribute to reducing carbon emissions but also enhance resilience to climate change. HASI's diversified investment portfolio includes a variety of financial structures such as equity investments, joint ventures, land ownership, and lending arrangements, all aimed at projects utilizing proven technologies in the sustainability sector. Beyond generating net investment income from these assets, HASI also earns revenue through gain-on-sale securitization transactions, asset management, and other service-related fees, positioning itself as a key player in the financing of sustainable infrastructure projects.

Summarized from source with an LLMView SourceSector: Finance

Revenue Growth

HA Sustainable Infrastructure Capital Inc. reported total revenue of $95 million for the second quarter of 2024, marking a 27% increase from $74 million in the same quarter of 2023. This growth was primarily driven by a $16 million increase in interest and securitization income due to higher managed assets and a higher average yield.

Net Income and EPS

For the second quarter of 2024, HA Sustainable Infrastructure Capital Inc. achieved GAAP net income of $27 million, compared to $14 million in the same period of 2023. The company's GAAP diluted EPS was $0.23, up from $0.14 a year ago, while Adjusted EPS increased to $0.63 from $0.53 in the second quarter of 2023.

Investment Activity

HA Sustainable Infrastructure Capital Inc. closed new investments totaling approximately $260 million in the second quarter of 2024. This brought the total closed transactions to more than $820 million for the first half of 2024. The weighted average yields on these new investments were underwritten at greater than 10.5%.

Managed Assets

As of June 30, 2024, HA Sustainable Infrastructure Capital Inc.'s managed assets totaled $13.0 billion, reflecting a 21% year-over-year increase. The company's portfolio of assets on its balance sheet was approximately $6.2 billion, up 27% year-over-year, showcasing significant growth in their asset management capabilities.

Dividend Declaration

HA Sustainable Infrastructure Capital Inc. declared a quarterly dividend of $0.415 per share for the second quarter of 2024. This reflects the company's commitment to returning value to its shareholders while maintaining a strong financial performance.

Summarized from source with an LLMView Source

Key figures

-0.47%1Y

-47.8%3Y

-13.6%5Y

Performance

44.3%1Y

55.1%3Y

54.2%5Y

Volatility