Safehold reports Q3 net loss of $123M on $85.6M revenue; includes $145.4M goodwill impairment

Safehold Inc.

2023-Q3 EPS reported -$1.47 revenue$249,551,000

GAAP EPS of ($1.81) includes ($2.14) non-cash goodwill impairment charge related to merger.
Adjusted net income of $22.5M and adjusted EPS of $0.33, excluding impairment and merger costs.
Closed $53M in new originations; total portfolio reaches $6.4B. Raised $152M equity with MSD participation.
Received credit rating upgrade to A3 from Moody's; liquidity of $850M available.

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 0.95

Safehold Inc. reported the quarter ended September 30, 2023 results: revenue $85.6 million, net income ($123.0) million, EPS ($1.81).

Period: the quarter ended September 30, 2023
Revenue: $85.6 million
Net income: ($123.0) million
EPS: ($1.81)
Result: reported results

Exact text from the filing

these results which can be found on its website, www.safeholdinc.com in the “Investors” section. Highlights from the earnings announcement include: 3⁄4 Q3‘23 revenue was $85.6 million 3⁄4 Q3‘23 net income attributable to common shareholders was ($123.0) million which includes a ($145.4) million non-cash full impairment of Goodwill related to the merger, or

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Source: SEC EDGAR

accession 0001095651-23-000006

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