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Dec 31, 2019
Hannon Armstrong Q4 2019 Earnings Report
Hannon Armstrong reported an increase in GAAP net income and portfolio growth for Q4 2019.
Key Takeaways
Hannon Armstrong announced its Q4 and Full Year 2019 results, reporting a GAAP Net Income of $46.08 million for the quarter and a portfolio growth of 10% QOQ to $2.1 billion. The company also increased its dividend to $0.34 per share for Q1 2020.
Delivered $1.24 annual GAAP EPS on a fully diluted basis in 2019, compared with $0.75 in 2018
Delivered $1.40 annual Core EPS in 2019, compared to $1.38 in 2018
Increased dividend to $0.34 per share for Q1 2020, implying $1.36 per share on an annual basis
Grew Portfolio 10% QOQ to $2.1 billion as of the end of 2019
Forward Guidance
The Company expects that annual core earnings per share in 2020 will exceed the previously communicated guidance midpoint of $1.43.
Positive Outlook
- Yield on its existing Portfolio
- Yield on incremental Portfolio investments, inclusive of the Company’s existing pipeline
- The volume and profitability of securitization transactions
- Amount, timing, and costs of debt and equity capital to fund new investments
- Changes in costs and expenses reflective of the Company’s forecasted operations
Challenges Ahead
- General interest rate and market environment
- Future economic conditions
- The regulatory environment
- The dynamics of the markets in which we operate
- The judgment of the Company’s management team
Historical Earnings Impact
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Avg. Return Before/After Earnings
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