HASI Announces Strong Financial Performance for Q4 and Full Year 2023, Leads in Climate Solutions Investment
Annapolis, Md.- Hannon Armstrong Sustainable Infrastructure Capital, Inc.(HASI), a prominent player in climate solutions investment, recently published its fourth-quarter and full-year 2023 financial results.The company reported impressive figures, including a notable increase in earnings per share (EPS) and distributable EPS, along with record closings and new three-year guidance.
In terms of GAAP EPS, HASI achieved $1.42 on a fully diluted basis in 2023, a significant improvement from $0.47 in 2022.Similarly, the company delivered $2.23 Distributable EPS on a fully diluted basis, surpassing the previous year’s figure of $2.08, reflecting a 7% year-on-year growth.
Analyzing the company’s dividend pay-out ratio, which measures the proportion of earnings distributed to shareholders, it decreased to 251.79% in the second quarter of 2023.Despite the decrease, it remains above the Hannon Armstrong Sustainable Infrastructure Capital average of 223.87%.Comparing HASI’s performance to its peers in the Financial sector, it stands out with 30 companies displaying higher 12 Months dividend pay-out ratios.This places HASI in a favorable position within the industry.
The company has exhibited promising growth, emerging from a ranking of 0 in the first quarter of 2023 to reaching position 67 among all other companies.This upward trajectory demonstrates the successful strides Hannon Armstrong Sustainable Infrastructure Capital has made within the market.
Hannon Armstrong Sustainable Infrastructure Capital’s strong financial performance and leadership in climate solutions investment have resulted in increased confidence from investors.With a focus on sustainable and environmentally friendly infrastructure, the company continues to pave the way for a greener future.
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