Mma Capital Holdings Inc (MMAC) |
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Market Capitalization (Millions $) |
- |
Shares
Outstanding (Millions) |
6 |
Employees |
55 |
Revenues (TTM) (Millions $) |
26 |
Net Income (TTM) (Millions $) |
3 |
Cash Flow (TTM) (Millions $) |
20 |
Capital Exp. (TTM) (Millions $) |
0 |
Mma Capital Holdings Inc
MMA Capital Management, LLC, the registrant, was organized in 1996 as a Delaware
limited liability company. The Company partners with institutional capital to
create and manage investments in affordable housing and renewable energy. Company
operated through three reportable segments – United States (“U.S.”)
Operations, International Operations and Corporate Operations.
U.S. Operations
Our U.S. Operations segment consists of three business lines: Leveraged Bonds,
Low-Income Housing Tax Credits (“LIHTC”) and Energy Capital and
Other Investments.
In our Leveraged Bonds business line, we primarily own and manage bonds that
finance affordable housing and infrastructure in the U.S. Within this business
line, we manage the vast majority of the Company’s bonds and associated
financings. The bond portfolio is comprised primarily of multifamily tax-exempt
bonds, but also includes other real estate related bond investments.
In our LIHTC business line, we primarily own and manage limited partner (“LP”)
and general partner (“GP”) investments in affordable housing communities
in the U.S. We provide asset management and administrative services to a limited
liability company formed by the Company and a commercial bank (our “LIHTC
Partnership”), and have provided a limited guarantee of the expected tax
credits to be generated by the LIHTC Partnership’s portfolio of investments.
As part of this business line, we have made other guarantees to third parties
related to the receipt of tax credits and the performance of the underlying
assets and we have loan receivables from, and an option to purchase, a tax credit
asset manager.
In our Energy Capital and Other Investments business line, we primarily provide
project capital necessary to develop and build renewable energy systems through
a joint venture that we have with an alternative asset manager (our “Solar
Joint Venture”) and that provides custom solar financing solutions offered
by MMA Energy Capital. These financing solutions include debt investments to
be used as late stage development capital to bring projects through the development
phase and into construction, as well as capital to construct these projects
and place them in operation. Within this business line, we also manage our solar
and non-solar legacy assets.
International Operations
We manage our International Operations segment through a wholly owned subsidiary,
International Housing Solutions S.à r.l. (“IHS”). IHS’s
strategy is to raise, invest in and manage private real estate funds that invest
in residential real estate. IHS currently manages three funds: the South Africa
Workforce Housing Fund (“SAWHF”), which is a multi-investor fund
and is fully invested; IHS Residential Partners I, which is a single-investor
fund targeted at the emerging middle class in South Africa; and IHS Fund II,
which is a multi-investor fund targeting investments in affordable housing,
including green housing projects, within South Africa and Sub-Saharan Africa.
Our Corporate Operations segment is responsible for accounting, reporting,
compliance and planning, which are fundamental to our success as a global fund
manager and publicly traded company in the U.S.
Company Address: 3600 Oâ??Donnell Street, Suite 600 Baltimore 21224 MD
Company Phone Number: 263-2900 Stock Exchange / Ticker: NASDAQ MMAC
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Customers Net Income grew by |
MMAC's Customers Net Profit Margin grew to |
420 % |
16.05 %
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Stock Performances by Major Competitors |
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My City Builders Inc
My City Builders Inc, a company operating in the Real Estate Operations sector, reported its financial results for the period from November to January 31, 2024. The results revealed a significant increase in the loss per share compared to the previous year, with a loss of $0.42 per share as opposed to $0.09 per share in the prior year's period. Additionally, the loss grew from $0.13 per share in the previous reporting period. On the revenue front, My City Builders Inc experienced a marginal growth rate of 0.221%. The revenue for the mentioned period stood at $0.01 million, which was the same as the corresponding period a year before. Sequentially, there was no change in revenue from the previous reporting period, which stood at $0.00 million.
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Angel Oak Mortgage Reit Inc
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Tiaa Real Estate Account
The Tiaa Real Estate Account has seen mixed results in the fiscal time-frame ending December 31, 2023. While the revenue of the company increased by 9.85% to $352.40 million compared to the same period last year, the company realized a net loss of $-1,213.300 million, which is larger than the loss of $-1,084.200 million from the prior year. Despite the increase in revenue, the company reported zero gain per share, which is the same as the previous year. This could be a cause for concern for investors, as they may question the company's ability to turn revenue into profit. However, it is important to note that the Real Estate Operations industry as a whole has seen a trend of top-line contraction during the matching period, making Tiaa Real Estate Account's revenue growth noteworthy.
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Douglas Elliman Inc
/>The real estate industry has experienced significant fluctuations in recent times, particularly due to the global pandemic. However, Douglas Elliman Inc. managed to deliver positive financial results for the three months and year ended December 31, 2023. This article aims to interpret the company's financial performance and discuss its potential implications for future growth. Improved Earnings per Share and Reduced Losses: Douglas Elliman Inc. showed remarkable progress in terms of earnings per share, decreasing its loss per share from $-0.36 to $-0.03 compared to the same period a year ago. Additionally, the preceding financial reporting period showcased an improvement from $-0.06 to $-0.03 per share. This trend indicates the company's efforts towards minimizing losses and moving closer to profitability.
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Afc Gamma Inc
Investors may be closely monitoring AFC Gamma Inc after the company reported a slip into a deficit for the October to December 31, 2023 fiscal period. With a net loss of $(9.2) million or $(0.45) per basic weighted average common share, the financial performance raises concerns about the company's future prospects. Despite achieving distributable earnings of $10.0 million or $0.49 per basic weighted average common share, the overall numbers indicate a challenging period for AFC Gamma. The cannabis industry, in which AFC Gamma operates, has been marked by rapid growth and changing regulations. As a leading commercial finance firm focused on lending to cannabis businesses, AFC Gamma plays a critical role in supporting the industry. However, the evolving legal landscape and regulatory challenges have impacted the company's financial performance.
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Per Share |
Current |
Earnings (TTM) |
-0.13 $ |
Revenues (TTM) |
4.38 $
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Cash Flow (TTM) |
3.37 $ |
Cash |
7.17 $
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Book Value |
47.64 $
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Dividend (TTM) |
0 $ |
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Per Share |
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Earnings (TTM) |
-0.13 $
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Revenues (TTM) |
4.38 $ |
Cash Flow (TTM) |
3.37 $ |
Cash |
7.17 $
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Book Value |
47.64 $ |
Dividend (TTM) |
0 $ |
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