HASI Q2 adjusted EPS beats estimates; raises 2028 outlook
HASI•Drivers of the quarter
- Portfolio growth: Adjusted recurring net investment income rose 26% year-over-year, driven by a larger portfolio of higher-yielding assets.
- Higher yields: Weighted average yields on new portfolio investments exceeded 11% during Q2, contributing to increased investment income.
- Co-investment vehicles: Growing fee income from co-investment vehicles and increased assets held by partners supported recurring income.
Q2 results beat estimates
US sustainable infrastructure investor's Q2 adjusted EPS rose, beating analyst expectations.
- GAAP EPS for Q2 increased to $0.92 from $0.74 a year earlier.
- Q2 adjusted EPS was $0.75, versus the consensus estimate of $0.73 from 14 analysts.
- Q2 adjusted earnings were $99 mln.
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