secwatch.observer — SEC 8-K summary
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Issuer:     Safehold Inc. (SAFE)
CIK:        0001095651
Form:       8-K
Filed at:   2024-07-29T23:59:59+00:00
Accession:  0001095651-24-000018
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Safehold Q2 revenue up 5% to $89.9M, EPS $0.42 (+20% YoY), new $2B revolver
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- Q2 revenue $89.9M (+5% YoY); net income $29.7M (+34%); diluted EPS $0.42 (+20%).
- Closed six new ground leases for $98M, growing portfolio to 143 ground leases ($6.5B).
- New $2.0B unsecured revolving credit facility (replaces $1.85B) and $750M commercial paper program established.
- Portfolio metrics: GLTV 48%, rent coverage 3.6x, debt/equity 1.89x; $1.06B liquidity.
- Adjusted EPS excluding merger/Caret costs was $0.41 (+15% YoY); YTD adjusted EPS $0.84.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1095651/000109565124000018/0001095651-24-000018-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1095651/000109565124000018/safe-20240729x8k.htm
  HTML page:      https://secwatch.observer/filing/0001095651-24-000018

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer