PR Newswire
ANNAPOLIS, Md., Nov. 2, 2016
ANNAPOLIS, Md., Nov. 2, 2016 /PRNewswire/ -- Hannon Armstrong Sustainable Infrastructure Capital, Inc. ("Hannon Armstrong," "we," "our" or the "Company;" NYSE: HASI), a leading investor in the efficiency, wind and solar markets, today reported earnings as shown in the table below:
| For the Three Months Ended September 30, 2016 | | For the Three Months Ended September 30, 2015 | ||||
| $ in thousands | | Per Share | | $ in thousands | | Per Share |
GAAP Net income | $3,329 | | $0.07 | | $2,119 | | $0.06 |
Core Earnings | $12,486 | | $0.29 | | $8,543 | | $0.26 |
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For the Nine Months Ended September 30, 2016 | | For the Nine Months Ended September 30, 2015 | ||||
| $ in thousands | | Per Share | | $ in thousands | | Per Share |
GAAP Net income | $10,244 | | $0.23 | | $5,712 | | $0.16 |
Core Earnings | $37,405 | | $0.92 | | $24,032 | | $0.79 |
The difference between GAAP and Core earnings is primarily the result of adjusting for distributions, net of an estimated return of capital, from our equity method investments in renewable energy projects and adding back non-cash equity-based compensation. A reconciliation of our GAAP net income to Core Earnings is included in this press release.
"Our diversified origination channels across multiple end markets continue to demonstrate the strength in our strategy, as we completed approximately $242 million of originations in the quarter, putting us approximately 20% ahead of last year at this time on a year to date basis," said Chairman, President and CEO, Jeffrey Eckel. "Yields and spreads remain fairly constant, notwithstanding the uptick in short-term rates."
Highlights
"Our core federal government efficiency market remains strong with an additional $2 billion federal government target announced last month," continued Eckel. "We are also seeing increased activity in wind equity investment opportunities as well as commercial distributed solar."
Portfolio
Our Portfolio totaled approximately $1.4 billion as of September 30, 2016, and included approximately $0.4 billion of energy efficiency investments and approximately $1.0 billion of renewable energy (wind and solar) transactions. The following is an analysis of our Portfolio by type of obligor and credit quality as of September 30, 2016:
| Investment Grade | | | | | |||
| Government (1) | Commercial Investment Grade(2) | Commercial Non- Investment Grade (3) | Subtotal, Debt and Real Estate | Equity Method Investments(4) | Total | ||
| | |||||||
| ($ in millions) | |||||||
Financing receivables | $ 380 | $ 464 | $ 21 | $ 865 | $ - | $ 865 | ||
Financing receivables held-for-sale | 7 | - | - | 7 | - | 7 | ||
Investments | 33 | 17 | - | 50 | - | 50 | ||
Real estate(5) | - | 166 | - | 166 | - | 166 | ||
Equity method investments | - | - | - | - | 324 | 324 Werbung Mehr Nachrichten zur Hannon Armstrong Sustainable Infrastructure Capital Aktie kostenlos abonnieren
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