Group 1 - iREIT+HOYA Capital focuses on income-producing asset classes that provide sustainable portfolio income, diversification, and inflation hedging [1] - The investment strategy emphasizes defensive stocks with a medium- to long-term horizon, reflecting a cautious approach in a volatile market [2] Group 2 - The article highlights the importance of conducting due diligence and forming independent conclusions before making investment decisions [4] - It notes that past performance is not indicative of future results, emphasizing the need for careful evaluation of investment suitability [5]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-35877 HA SUSTAINABLE INFRASTRUCTURE CAPITAL, INC. (Exact name of registrant as specified in its charter) Delaware 46-1347456 (State or ot ...

For the quarter ended September 2024, HA Sustainable Infrastructure Capital (HASI) reported revenue of $21.33 million, down 42% over the same period last year. EPS came in at $0.52, compared to $0.62 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $21.3 million, representing a surprise of +0.15%. The company delivered an EPS surprise of -5.45%, with the consensus EPS estimate being $0.55.While investors scrutinize revenue and earnings changes year-over-year and how t ...

Core Viewpoint - HA Sustainable Infrastructure Capital (HASI) reported quarterly earnings of $0.52 per share, missing the Zacks Consensus Estimate of $0.55 per share, and down from $0.62 per share a year ago [1][2] Financial Performance - The quarterly earnings surprise was -5.45%, with the company previously expected to post earnings of $0.58 per share but actually producing $0.63, resulting in a surprise of 8.62% [2] - Revenues for the quarter ended September 2024 were $21.33 million, surpassing the Zacks Consensus Estimate by 0.15%, but down from $36.76 million year-over-year [3] - Over the last four quarters, the company has exceeded consensus revenue estimates three times [3] Stock Performance - Since the beginning of the year, HA Sustainable Infrastructure Capital shares have increased by approximately 16.9%, compared to the S&P 500's gain of 24.3% [4] - The current consensus EPS estimate for the upcoming quarter is $0.60 on revenues of $25.6 million, and for the current fiscal year, it is $2.46 on revenues of $122.65 million [8] Industry Outlook - The Zacks Industry Rank for Financial - Miscellaneous Services is currently in the top 31% of over 250 Zacks industries, indicating a favorable outlook [9] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact stock performance [6]

Financial Data and Key Metrics Changes - In Q3 2024, the company reported adjusted earnings per share (EPS) of $0.52, with year-to-date adjusted EPS reaching $1.83, representing an 8% growth over the same period in 2023 [6][25] - Managed assets grew by 14% year-over-year, exceeding $13 billion, while the overall portfolio yield increased to 8.1% from 8% in the previous quarter and 7.9% a year ago [6][24] - New investments totaled $1.2 billion year-to-date as of September 30, 2024, and have reached $1.7 billion as of the call date [5][6] Business Line Data and Key Metrics Changes - The company has closed $1.2 billion in transactions year-to-date, with expectations to exceed $2 billion in total transaction closings for the year [22] - The portfolio growth reflects an asset rotation initiative, replacing over $400 million of lower-yielding investments with higher-yielding ones [23] Market Data and Key Metrics Changes - The company noted that the renewable natural gas (RNG) market is large and growing, with significant investments from large developers and private equity firms [35] - The company’s pipeline remains diversified, exceeding $5.5 billion, with expectations to onboard approximately 10 new clients this year [19] Company Strategy and Development Direction - The company aims for annual adjusted EPS growth between 8% and 10% through 2026, with a long-term goal of 10% annual EPS growth and a 50% payout ratio by 2030 [7] - The company emphasizes that its business is not dependent on low interest rates and has maintained a consistent approach to interest rate risk management [14][15] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to thrive under various political administrations and interest rate environments, citing historical performance [8][12] - The energy transition is viewed as an extraordinary investment opportunity, with the company positioned to benefit from its experience and access to capital [32] Other Important Information - The company reported a GAAP EPS loss of $0.17, attributed to mark-to-market impacts related to power contracts, which are expected to stabilize over time as power prices increase [25][26] - The partnership with KKR is progressing well, with additional transactions closed in the third quarter and early fourth quarter [17] Q&A Session Summary Question: How significant is RNG in the FTN market and can it support declines in solar and wind? - Management indicated that the RNG market is large and growing, with significant investments being made, and it is expected to become a meaningful part of the business alongside wind and solar [35][36] Question: What are the rate hedges and their impact on earnings power? - Management explained that various hedges are in place for floating rate facilities, supporting earnings, and ensuring a duration profile that fits closely with asset cash flows [37][38] Question: How does the company limit exposure to RIN credit volatility? - Management noted that being in a senior debt position with good cash flow coverage helps mitigate RIN risk [43] Question: Updates on the KKR partnership and project funding? - Management confirmed that additional investments have been added to the KKR vehicle, which is operating as designed, with more disclosures expected as the vehicle grows [44][47] Question: Visibility on achieving $2 billion in originations for the year? - Management expressed confidence in closing the remaining amount to reach the $2 billion target, citing strong activity in October and early November [49] Question: Clarification on GAAP equity method loss? - Management clarified that the GAAP loss is due to mark-to-market accounting for power contracts, which will reflect higher asset values over time as power prices increase [55]

Earnings Presentation Third Quarter 2024 Forward Looking Statements Some of the information contained herein are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. When used herein, words such as "believe," "expect," "anticipate," "estimate," "plan," "continue," "intend," "should," "may," "target," or similar expressions, are intended to identify such forward-looking statements. Forward-l ...

HASI Announces Third Quarter 2024 Results ANNAPOLIS, Md., November 7, 2024 -- (BUSINESS WIRE) -- HA Sustainable Infrastructure Capital, Inc. ("HASI," "we," "our" or the "Company") (NYSE: HASI), a leading investor in climate solutions, today reported results for the third quarter of 2024. Key Highlights • Closed transactions with multiple new clients over the last few months, including Lightsource bp and Vision RNG. • Funded additional investments for CCH1 with partnership progressing as expected. • Managed ...

The upcoming report from HA Sustainable Infrastructure Capital (HASI) is expected to reveal quarterly earnings of $0.55 per share, indicating a decline of 11.3% compared to the year-ago period. Analysts forecast revenues of $29.01 million, representing a decrease of 21.1% year over year.Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.P ...

Investors looking for stocks in the Financial - Miscellaneous Services sector might want to consider either Orix (IX) or HA Sustainable Infrastructure Capital (HASI) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look. The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The Zacks Rank favors stocks with strong earnings estimate revision trends, an ...

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