Hannon Armstrong Non-GAAP EPS of $0.47 beats by $0.06, revenue of $53.7M beats by $26.71M

  • Hannon Armstrong press release (NYSE:HASI): Q4 Non-GAAP EPS of $0.47 beats by $0.06.
  • Revenue of $53.7M (+9.8% Y/Y) beats by $26.71M.
  • Grew Portfolio 24% in 2021 to $3.6 billion and managed assets 22% to $8.8 billion as of the end of 2021.
  • Increased Distributable Net Investment Income in 2021 by 52% year-on-year to $134 million, compared to $88 million in 2020.
  • Increased our unsecured line of credit commitment to $600 million and extended its duration to three years
  • Increased dividend to $0.375 per share for the first quarter of 2022, representing a 7% increase over the dividend declared in the fourth quarter of 2021.
  • Guidance: Increased and extended guidance that annual distributable earnings per share is expected to grow at a compounded annual rate of 10% to 13% from 2021 to 2024, relative to the 2020 baseline of $1.55 per share, which is equivalent to a 2024 midpoint of $2.40 per share
  • Increased and extended guidance that annual dividends per share is expected to grow at a compounded annual rate of 5% to 8%.

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