---
schema_version: "secwatch.filing_event.v1"
accession: "0001095651-24-000013"
form_type: "8-K"
ticker: "SAFE"
cik: "0001095651"
company_name: "Safehold Inc."
filed_at: "2024-05-06T23:59:59+00:00"
generated_at: "2026-06-02T21:41:33.484106+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Safehold Q1 revenue $93.2M, EPS $0.43; new $2B revolver, $300M notes issued

## Summary
- Q1 revenue $93.2M (+19% YoY); GAAP net income $30.7M vs $4.7M; diluted EPS $0.43 vs $0.07.
- Adjusted EPS excluding merger & Caret costs $0.43 vs $0.41, up 5% YoY.
- Closed new $2.0B unsecured revolver; issued $300M 10-year notes at 6.1% coupon (5.3% yield after $21M hedge gains).
- Core ground lease portfolio $6.5B aggregate GBV; GLTV 47%, rent coverage 3.6x, 92-year avg lease term.
- Multifamily now 55% of asset count; portfolio Caret-adjusted yield 7.5%.

## SEC filing metadata
- accession: 0001095651-24-000013
- form_type: 8-K
- ticker: SAFE
- cik: 0001095651
- company_name: Safehold Inc.
- filed_at: 2024-05-06T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1095651/000109565124000013/0001095651-24-000013-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1095651/000109565124000013/safe-20240506x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001095651-24-000013
- JSON: https://secwatch.observer/filing/0001095651-24-000013.json
- Plain text: https://secwatch.observer/filing/0001095651-24-000013.txt

## Key facts
- Earnings Releases
  Safehold Inc. reported the first quarter 2024 results: revenue $93.2 million, net income $30.7 million, EPS $0.43.
  - Period: the first quarter 2024
  - Revenue: $93.2 million
  - Net income: $30.7 million
  - EPS: $0.43
  - Result: reported results
  source text: Highlights from the earnings announcement include: 3⁄4 Q1‘24 revenue was $93.2 million 3⁄4 Q1‘24 net income attributable to common shareholders was $30.7 million 3⁄4 Q1‘24 earnings per share was $0.43 3⁄4 Closed new $2.0 billion unsecured revolving credit facility, replacing previous $1.85 billion aggregate facilities and lowering facility cost 3⁄4 Issued $300 million of 10-year unsecured notes at a 6.1% coupon.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1095651/000109565124000013/0001095651-24-000013-index.htm

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