---
schema_version: "secwatch.filing_event.v1"
accession: "0001095651-24-000004"
form_type: "8-K"
ticker: "SAFE"
cik: "0001095651"
company_name: "Safehold Inc."
filed_at: "2024-02-12T23:59:59+00:00"
generated_at: "2026-06-06T04:07:57.627669+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Safehold Q4 revenue $103M, FY net loss $55M; iStar merger closed, credit upgraded to A3

## Summary
- Q4 2023 revenue $103.0M; FY 2023 revenue $352.6M.
- Q4 GAAP EPS $0.58; adjusted EPS $0.36 excluding non-recurring gains.
- FY GAAP EPS ($0.82); adjusted EPS $1.45 excluding merger and Caret costs.
- Closed merger with iStar, internalized management; MSD Partners became major shareholder.
- Moody's upgraded credit to A3; closed $500M credit facility and formed $500M JV with sovereign wealth fund.

## SEC filing metadata
- accession: 0001095651-24-000004
- form_type: 8-K
- ticker: SAFE
- cik: 0001095651
- company_name: Safehold Inc.
- filed_at: 2024-02-12T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1095651/000109565124000004/0001095651-24-000004-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1095651/000109565124000004/safe-20240212x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001095651-24-000004
- JSON: https://secwatch.observer/filing/0001095651-24-000004.json
- Plain text: https://secwatch.observer/filing/0001095651-24-000004.txt

## Key facts
- Earnings Releases
  Safehold Inc. reported the fiscal year ended December 31, 2023 results: revenue $352.6 million, net income ($55.0) million, EPS ($0.82).
  - Period: the fiscal year ended December 31, 2023
  - Revenue: $352.6 million
  - Net income: ($55.0) million
  - EPS: ($0.82)
  - Result: reported results
  source text: 3⁄4 Q4‘23 revenue was $103.0 million, and FY‘23 was $352.6 million 3⁄4 Q4‘23 net income attributable to common shareholders was $41.2 million, or $25.5 million excluding non-recurring gains, and FY’23 net income attributable to common shareholders was ($55.0) million, or $96.8 million excluding merger and Caret related costs and non-recurring gains 3⁄4 Q4‘23 earnings per share was $0.58, or $0.36 excluding non-recurring gains, and FY’23 earnings per share was ($0.82), or $1.45 excluding merger and Caret related costs and non-recurring gains
  evidence_url: https://www.sec.gov/Archives/edgar/data/1095651/000109565124000004/0001095651-24-000004-index.htm
- Earnings Releases
  Safehold Inc. reported the fourth quarter ended December 31, 2023 results: revenue $103.0 million, net income $41.2 million, EPS $0.58.
  - Period: the fourth quarter ended December 31, 2023
  - Revenue: $103.0 million
  - Net income: $41.2 million
  - EPS: $0.58
  - Result: reported results
  source text: 3⁄4 Q4‘23 revenue was $103.0 million, and FY‘23 was $352.6 million 3⁄4 Q4‘23 net income attributable to common shareholders was $41.2 million, or $25.5 million excluding non-recurring gains, and FY’23 net income attributable to common shareholders was ($55.0) million, or $96.8 million excluding merger and Caret related costs and non-recurring gains 3⁄4 Q4‘23 earnings per share was $0.58, or $0.36 excluding non-recurring gains, and FY’23 earnings per share was ($0.82), or $1.45 excluding merger and Caret related costs and non-recurring gains
  evidence_url: https://www.sec.gov/Archives/edgar/data/1095651/000109565124000004/0001095651-24-000004-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.