On Wednesday, Shares of Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE: HASI) price closed at $28.48 in the trading session. After opening the first trading session at $28.63 , it registered a day’s high of $28.67 and touched a day’s low of $28.40. The last trade was registered at price of $28.46 and volume was 216,902 as compared to it’s an average volume of 381,143.

Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE: HASI), recently stated quarterly results.

Revenue grew by about $5M, or 18%, for the three months ended March 31, 2019, as contrast to the same period in 2018. Increases in the quarter were primarily driven by higher interest and rental income of about $4M Because of higher yielding assets in the Portfolio and higher gain on sale and fee income of about $1M Because of increased securitization activity. Interest expense was $15M, a decrease of about $3M for the three months ended March 31, 2019, as contrast to the same period in 2018Because of continued optimization of our debt costs with lower leverage and fixed-rate debt.

Other expenses (compensation and benefits and general and administrative expenses) increased by $2M for GAAP for the three months ended March 31, 2019, as contrast to the same period in 2018 primarily Because of a raise in equity-based compensation resulting from the timing of vesting and higher Company performance. Income before equity method investments increased to $7M in the quarter or by about $6M from the same quarter last year due in large part to the higher interest and rental income and the lower interest expense over these two periods. For the three months ended March 31, 2019, we recognized $5M in income using the hypothetical liquidation at book value method, or HLBV, for our equity investments in renewable energy projects, as contrast to a $2M loss in part Because of the allocation of investment tax credits, which increases our allocation of earnings. We also recognized a $2M income tax benefit in the current quarter related to allocations of tax losses from one of our renewable energy projects. As a result, we recognized GAAP net income of $14M for the quarter as contrast to a $1M loss in the same quarter last year.

Core earnings increased by about $7M for the quarter primarily Because of the higher interest from our Portfolio and the lower interest expense contrast to the same quarter last year.