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Get filing alertsRisk Profile Improvements
- Material Weakness In Equity Method Accounting (improved) — Material weakness in equity method accounting controls (preferred return income, proportionate earnings, capitalized interest) was remediated as of June 30, 2026 through control redesign and testing.
GHI Q2 2026: net loss narrows 72% to -$0.11/unit as revenue falls 7%; foreclosed SC properties now owned
Filed August 10, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 7, 2025 · ~1 min read
Key Changes
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Net loss narrowed 72% to -$0.11 per unit (from -$0.40 prior year) as revenue fell 7% to $21.2M. The improvement came despite lower JV income and the transition to direct property ownership.
Key Financials view on EDGAR → -
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New $84M mortgage secured by the properties matures Dec 2027 with covenants requiring principal paydowns if debt service coverage falls short.
Notes: SC MF Properties acquisition view on EDGAR → -
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Quarterly distribution cut 53% to $0.14 per unit (from $0.30 prior year), reflecting lower JV income and capital redeployment from market-rate JV sales into MRB investments.
MD&A: BUC distribution verify on EDGAR →
1 more material change behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.
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Figures/quotes linked to EDGAR · Narrative written by AI · Aug 19, 2026 · How we verify