# HA Sustainable Infrastructure Capital Inc. (HASI) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Real Estate / Equity Real Estate Investment Trusts (REITs). Price $38.34, market value $4.9 billion.

## Valuation
- **P/E (trailing): 59.0×** (5-yr avg 26.4×, 3-yr avg 18.0×). HA Sustainable Infrastructure Capital Inc. trades at 59.0× trailing earnings, well above its own five-year average of 26.4×: investors are paying up relative to the company's past. The Real Estate median in the September 2026 study was 25.2×. Forward P/E is 11.5×, lower than trailing, so analysts expect earnings to grow.
- **Price / sales: 10.6×**. Each dollar of revenue is priced at 10.6×, a level that requires very high margins or very fast growth to justify.
- **Price / book: 1.9×**. The shares trade at 1.9× book value; book value is a meaningful part of the valuation.
- **Earnings yield: 1.7%**. The inverse of the P/E: 1.7% of the price is earned each year.

## Profitability
- **Net margin: 46.1%**. 46.1% of each dollar of sales reaches the bottom line.
- **Return on equity: 6.9%**. 6.9% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on assets: 1.1%**. Each dollar of assets produces 1.1% of profit.

## Growth
- **Revenue growth (1 yr): 4.4%** (3-yr 18.7%/yr, 5-yr 16.5%/yr). Revenue grew 4.4% over the last year, against 16.5% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): -13.0%** (3-yr 44.2%/yr, 5-yr 5.1%/yr). Earnings per share fell 13.0%, slower than revenue, so margins compressed.

## Financial health
- **Debt to equity: 0.16**. Debt is 0.16 times equity: a conservative balance sheet.
- **Piotroski F-score: 3/9**. 3 of 9 checks pass: weak or deteriorating financials.

## Dividends
- **Dividend yield: 4.43%** ($1.69 per share, trailing). HA Sustainable Infrastructure Capital Inc. yields 4.43%, an income-level yield.
- **Payout ratio: 114%**. The dividend exceeds earnings (114% payout), which is rarely sustainable outside REITs and one-off years.
- **Consecutive years of increases: 13**. 13 straight years of increases, a record that survived at least one recession.
- **Dividend growth (5 yr): 4.3%/yr** (1-yr 1.2%). The dividend has grown 4.3% a year over five years.

## Analyst view
- **Analyst consensus: strong_buy** (15 analysts). 15 analysts cover HA Sustainable Infrastructure Capital Inc.; the consensus is strong_buy, with an average price target of $49.20 (+28% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 43.6%** (YTD 24.8%, 3-mo 0.2%). The shares are up 43.6% over twelve months including dividends.
- **From 52-week high: -13.1%** (40.5% above the low). Trading 13% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 39**. An RSI of 39 is neutral.
- **Beta (1 yr): 1.05** (volatility 30%). Beta of 1.05 against the S&P 500: the shares move roughly with the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=HASI · Page: https://foliofundamentals.com/stocks/hasi

Not investment advice.