earnings
confidence high
sentiment neutral
materiality 0.60
Safehold Q1 GAAP EPS $0.41 down 5% YoY; adjusted EPS $0.44 up 1%
Safehold Inc.
2025-Q1 EPS reported
$0.41
revenue$97,677,000
- Q1 2025 revenue $97.7M, up 5% YoY; GAAP net income $29.4M ($0.41/sh) vs $30.7M ($0.43/sh).
- Adjusted net income excl. $1.9M non-recurring loss was $31.3M ($0.44/sh), up 2% YoY.
- Portfolio aggregate GBV $6.8B, GLTV 52%, rent coverage 3.5x; economic yield 5.8%.
- Q1 fundings $20M ($16M ground leases at 6.7% yield); $386M non-binding LOIs.
- Total debt $4.67B, cash & credit facility $1.31B; no corporate maturities until 2027.