earnings
confidence high
sentiment positive
materiality 0.75
Safehold Q2 revenue $114.6M, EPS $0.42; $150M originations, $348M Brookfield JV
Safehold Inc.
- Q2'26 revenue $114.6M (+22% YoY); net income $30.2M (+8% YoY); EPS $0.42.
- Closed $150M of new ground lease originations (7 multifamily GLs).
- Formed $348M joint venture with Brookfield on 7-asset ground lease portfolio.
- Closed $225M private placement of 30-year senior unsecured notes due 2056.
- Estimated Unrealized Capital Appreciation grew to $9.8B; repurchased 850k shares at $15.17.