HASI Q2: $0.74 GAAP EPS, 25% YoY Net Investment Income Growth

• HASI reports Q2 2025 GAAP EPS of $0.74, up from $0.23 in Q2 2024. • Adjusted EPS at $0.60, down from $0.63 in Q2 2024. • GAAP-based Net Investment Income was $(3) million in Q2. • Adjusted Recurring Net Investment Income totaled $85 million in Q2, up 25% YoY. • Managed Assets grew 13% YoY to $14.6 billion as of June 30. • Closed $894 million in transactions YTD with new asset yields >10.5%.

Hannon Armstrong Sustainable Infrastructure Capital (HASI) has released its Q2 2025 financial results, showing mixed performance compared to the previous year. The company reported a GAAP EPS of $0.74, up from $0.23 in Q2 2024, but adjusted EPS fell to $0.60 from $0.63 in the same period last year. This discrepancy highlights the impact of non-recurring items and adjustments on the company's earnings.

The net investment income for the quarter was a loss of $3 million, compared to a loss of $2 million in Q2 2024. However, adjusted recurring net investment income totaled $85 million, representing a 25% year-over-year increase. This growth indicates a strong performance in the company's core investment activities.

Managed assets grew by 13% year-over-year to $14.6 billion as of June 30, 2025. The company also closed $894 million in transactions year-to-date, with new asset yields exceeding 10.5%. These results suggest that HASI is successfully securing high-yielding investments to support its growth strategy.

Despite the mixed results, HASI's management remains optimistic about the company's future prospects. The growth in managed assets and the strong performance in new investments indicate that the company is well-positioned to capitalize on the ongoing trend towards sustainable infrastructure. However, the high leverage and negative free cash flow remain significant concerns that investors should be aware of [1].

References
[1] https://finimize.com/content/hasi-asset-snapshot