| Previous Close | 0.9999 |
| Open | 1.0000 |
| Bid | 0.0000 x 0 |
| Ask | 0.0000 x 0 |
| Day's Range | 0.9999 - 0.9999 |
| 52 Week Range | 0.0201 - 3.7700 |
| Volume | 2 |
| Avg. Volume | 3,855 |
| Market Cap | 15.106M |
| Beta (5Y Monthly) | N/A |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -0.3720 |
| Earnings Date | N/A |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | N/A |
Moody's Investors Service ("Moody's") has revised the outlook to stable from negative and affirmed the Baa3 rating on Philadelphia Authority for Industrial Development's Senior Living Revenue Bonds Series 2005A (The PresbyHomes Germantown/Morrisville Project). The Baa3 rating is based on the financial performance of the two cross-collateralized properties, Germantown Interfaith Housing (Germantown) and Philadelphia Presbytery Apartments of Morrisville (Morrisville), which benefit from existing Section 8 HAP contracts, solid market position and strong legal structure. The stable outlook reflects substantial completion of critical repairs at Germantown, stable occupancy trends at both projects and expectation that the portfolio will perform in line with historical trends.
The Moody's adjusted debt-service coverage (DSC) declined to 1.10x for FY 2018 from 1.18x for FY 2017, due to increases in operating expenses and property tax liability. The non-recurrent repair expenses and revenue from insurance proceeds related to hurricane damage to Market North, the largest of the 12 cross-collateralized properties that was taken off-line due to damages from Hurricane Florence in October 2018, were adjusted out of the 2018 DSC. The developing outlook reflects the possibility of increased rental revenue from the 11 projects that are currently operational and the continued uncertainty surrounding the sale of Market North to a third-party and its removal from the portfolio of properties securing the outstanding bonds.
Moody's Investors Service has affirmed the Baa2 rating of Butler County Industrial Development Authority Multifamily Housing Revenue Bonds, Series 2003 A and B (Greenview Gardens Apartments Project).
Rating Action: Moody's revises Butler Co. IDA- Greenview Gardens, LLP outlook to stable from negative; affirms Baa2. Global Credit Research- 01 Apr 2019. New York, April 01, 2019-- Moody's Investors Service ...
Moody's Investors Service has downgraded to Baa2 from Baa1 $59.645 million of outstanding Public Finance Authority Multifamily Housing Rev Bonds (FFAH NC & MO Portfolio) Ser. The downgrade is based on the financial position of the program as of the most recent 2017 audit and our expectation that future financial performance will be pressured due to the impact of Hurricane Florence on the largest of the twelve cross-collateralized properties (Market North). On October 22nd all 204 units of Market North (which comprise 18% of total units securing the bonds), a project-based section 8 subsidized property located in Wilmington, North Carolina, were vacated due to extensive wind-driven rain damage from Hurricane Florence.
Moody's Investors Service has assigned a Ba1 to the $26,940,000 of Public Finance Authority's Multifamily Housing Revenue Bonds (Dogwood Housing, Inc. Project Portfolio) Series 2018A-1 and Taxable Series 2018A-2. The stable outlook on the Bonds reflects our opinion that the properties will continue to maintain their high occupancy levels and annual rental increases as well as perform above the minimum debt service coverage of 1.20x for the life of the bonds. - Substantial and sustained increase in debt service coverage, consistently high occupancy at the properties and continued renewal of subsides.
Moody's Investors Service has assigned a Baa3 rating to the $9,875,000 Macon-Bibb County Urban Development Authority's Multifamily Housing Revenue Bonds (Dempsey Apartments Project) Series 2018A and Taxable Series 2018B (collectively the "Bonds"). The stable outlook on the Bonds reflects the projects strong financial performance as evidenced by their high occupancy level and solid debt service coverage and our opinion that such strengths including annual rental increases will continue. - Substantial and sustained increase in debt service coverage, consistently high occupancy at the properties and continued renewal of subsides.
Moody's Investors Service has assigned a Baa3 rating to the $9,875,000 Macon-Bibb County Urban Development Authority's Multifamily Housing Revenue Bonds (Dempsey Apartments Project) Series 2018A and Taxable Series 2018B (collectively the "Bonds"). The stable outlook on the Bonds reflects the projects strong financial performance as evidenced by their high occupancy level and solid debt service coverage and our opinion that such strengths including annual rental increases will continue. - Substantial and sustained increase in debt service coverage, consistently high occupancy at the properties and continued renewal of subsides.