Exhibit 99.1

 

PRESS RELEASEFOR IMMEDIATE RELEASE

Omaha, Nebraska

 

February 28, 2019

 

CONTACT:   Craig Allen

Chief Financial Officer

(800) 283-2357

 

America First Multifamily Investors, L.P. Reports 15.6% increase in Year to Date 2018 Revenues

 

Omaha, Nebraska – On February 28, 2019, America First Multifamily Investors, L.P. (NASDAQ: ATAX) (the “Partnership”) reported the following results:

 

For the three months ended December 31, 2018

 

 

Total revenue increased approximately $1.2 million, or 5.7%, to $23.1 million in the fourth quarter 2018, compared to $21.9 million in the fourth quarter 2017,

 

Net income, basic and diluted, decreased $0.01 per Beneficial Unit Certificate (“BUC”), or 4.3%, to $0.22 per BUC in the fourth quarter 2018, compared to $0.23 per BUC in the fourth quarter 2017, and

 

Cash Available for Distribution was $0.25 per BUC in the fourth quarter 2018, compared to $0.27 per BUC in the fourth quarter 2017.

 

For the year to date 2018

 

 

Total revenue increased approximately $11.0 million, or 15.6%, to $81.4 million for YTD December 31, 2018, compared to $70.4 million for the comparable period in 2017,

 

Net income, basic and diluted, increased $0.16 per BUC, or 36.4%, to $0.60 per BUC for YTD December 31, 2018, compared to $0.44 per BUC for the comparable period in 2017, and

 

Cash Available for Distribution increased $0.13 per BUC, or 21.7%, to $0.73 per BUC for YTD December 31, 2018, compared to $0.60 per BUC for the comparable period in 2017.

 

The Partnership reported the following notable transactions during the three months ended December 31, 2018

 

 

Acquisition of three mortgage revenue bonds for approximately $22.2 million,

 

Redemptions of four mortgage revenue bonds for approximately $39.8 million,

 

Redemption of one taxable mortgage revenue bond for approximately $924,000,

 

Redemption of two property loan investments of approximately $7.9 million,

 

Additional investments in unconsolidated entities of approximately $3.5 million, and

 

Increased the net borrowing on its unsecured line of credit by approximately $7.2 million.

 


The following information was filed by America First Multifamily Investors, L.P. (ATAX) on Thursday, February 28, 2019 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one year to another to evaluate America First Multifamily Investors, L.P.'s financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by America First Multifamily Investors, L.P..

Continue

Never Miss A New SEC Filing Again


Real-Time SEC Filing Notifications
Screenshot taken from Gmail for a new 10-K Annual Report
Last10K.com Member Feature

Receive an e-mail as soon as a company files an Annual Report, Quarterly Report or has new 8-K corporate news.

Continue

We Highlighted This SEC Filing For You


SEC Filing Sentiment Analysis - Bullish, Bearish, Neutral
Screenshot taken from Wynn's 2018 10-K Annual Report
Last10K.com Member Feature

Read positive and negative remarks made by management in their entirety without having to find them in a 10-K/Q.

Continue

Widen Your SEC Filing Reading Experience


Increased Reading Area for SEC Filings
Screenshot taken from Adobe Inc.'s 10-Q Quarterly Report
Last10K.com Member Feature

Remove data columns and navigations in order to see much more filing content and tables in one view

Continue

Uncover Actionable Information Inside SEC Filings


SEC Filing Disclosures
Screenshot taken from Lumber Liquidators 10-K Annual Report
Last10K.com Member Feature

Read both hidden opportunities and early signs of potential problems without having to find them in a 10-K/Q

Continue

FREE Adobe PDF, Microsoft Word and Excel Downloads


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshots of actual 10-K and 10-Q SEC Filings in PDF, Word and Excel formats
Last10K.com Member Feature

Export Annual and Quarterly Reports to Adobe PDF, Microsoft Word and Excel for offline viewing, annotations and analysis

Continue for FREE

Log in with your credentials

or    

Forgot your details?

Create Account