---
schema_version: "secwatch.filing_event.v1"
accession: "0001095651-25-000013"
form_type: "8-K"
ticker: "SAFE"
cik: "0001095651"
company_name: "Safehold Inc."
filed_at: "2025-05-06T23:59:59+00:00"
generated_at: "2026-05-22T10:46:56.033599+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Safehold Q1 GAAP EPS $0.41 down 5% YoY; adjusted EPS $0.44 up 1%

## Summary
- 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.

## SEC filing metadata
- accession: 0001095651-25-000013
- form_type: 8-K
- ticker: SAFE
- cik: 0001095651
- company_name: Safehold Inc.
- filed_at: 2025-05-06T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1095651/000109565125000013/0001095651-25-000013-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1095651/000109565125000013/safe-20250506x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001095651-25-000013
- JSON: https://secwatch.observer/filing/0001095651-25-000013.json
- Plain text: https://secwatch.observer/filing/0001095651-25-000013.txt

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