iStar Q3 2022 net income $12.1M ($0.14/diluted); adjusted earnings $0.33/share; repurchased $155M debt

Safehold Inc.

2022-Q3 EPS reported $6.16 revenue$127,773,000

Net income $12.1M ($0.14 diluted EPS); adjusted earnings $28.5M ($0.33 diluted EPS).
Extinguished $155M debt: $93M convertible notes + $62M open market bond repurchases.
$105M proceeds from legacy asset sales and loan repayments in Q3.
Safehold closed $284M of new originations, total portfolio $6.1B, UCA ~$10.5B.
CEO Jay Sugarman says focus on streamlining balance sheet and expanding ground lease ecosystem.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Safehold Inc. reported the third quarter ended September 30, 2022 results: net income $12.1 million, EPS $0.14 per diluted common share.

Period: the third quarter ended September 30, 2022
Net income: $12.1 million
EPS: $0.14 per diluted common share
Result: reported results

Exact text from the filing

iStar Inc. (NYSE: STAR) today reported results for the third quarter ended September 30, 2022. Highlights for the quarter include: o Net income of $12.1 million or $0.14 per diluted common share

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36 earnings releases filed in the last 30 days. Browse all earnings releases →

Safehold Inc. filing history →

Source: SEC EDGAR

accession 0001095651-22-000025

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