secwatch.observer — SEC 8-K summary
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Issuer:     Safehold Inc. (SAFE)
CIK:        0001095651
Form:       8-K
Filed at:   2025-05-06T23:59:59+00:00
Accession:  0001095651-25-000013
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1095651/000109565125000013/0001095651-25-000013-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1095651/000109565125000013/safe-20250506x8k.htm
  HTML page:      https://secwatch.observer/filing/0001095651-25-000013

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