---
schema_version: "secwatch.filing_event.v1"
accession: "0001095651-25-000003"
form_type: "8-K"
ticker: "SAFE"
cik: "0001095651"
company_name: "Safehold Inc."
filed_at: "2025-02-05T23:59:59+00:00"
generated_at: "2026-05-27T02:20:41.279722+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Safehold Q4 GAAP net income $26M ($0.36 EPS); FY adjusted EPS $1.57, up 8% YoY

## Summary
- Q4 GAAP net income $26.0M ($0.36 EPS) vs $41.2M ($0.58) YoY; adjusted EPS $0.36 flat as prior year included hedge gain.
- FY GAAP net income $105.8M ($1.48 EPS) vs loss of $55.0M; adjusted EPS $1.57 vs $1.45 (+8%). Revenue $365.7M (+4%).
- FY new originations $225M (10 ground leases, 1 leasehold loan); portfolio GBV $6.8B, estimated UCA $9.1B.
- Completed $700M notes issuance, new $2.0B revolver, $750M CP program; Fitch upgraded to A-; S&P assigned BBB+ Positive.
- Caret Series A round redeemed Apr'24 with no impact to liquidity (via restricted account).

## SEC filing metadata
- accession: 0001095651-25-000003
- form_type: 8-K
- ticker: SAFE
- cik: 0001095651
- company_name: Safehold Inc.
- filed_at: 2025-02-05T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- 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/1095651/000109565125000003/0001095651-25-000003-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1095651/000109565125000003/safe-20250205x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001095651-25-000003
- JSON: https://secwatch.observer/filing/0001095651-25-000003.json
- Plain text: https://secwatch.observer/filing/0001095651-25-000003.txt

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