Safehold Q1 revenue $78.3M, adj. EPS $0.41; closed iStar merger, $500M credit line

Safehold Inc.

2023-Q1 EPS reported $0.07 revenue$78,329,000

Revenue of $78.3M; net income to common $4.7M ($0.07 EPS); adj. net income $26.3M ($0.41 EPS) excl. merger/Caret costs.
Closed merger with iStar, internalizing management; MSD Partners became major shareholder and Caret investor.
Closed $24.5M third-party investment in Caret at $2.0B valuation.
Closed $500M unsecured revolver; total unsecured credit lines now $1.85B.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Safehold Inc. reported Q1'23 results: revenue $78.3 million, net income $26.3 million, EPS $0.41.

Period: Q1'23
Revenue: $78.3 million
Net income: $26.3 million
EPS: $0.41
Result: reported results

Exact text from the filing

Highlights from the earnings announcement include: 3⁄4 Q1‘23 revenue was $78.3 million 3⁄4 Q1‘23 net income attributable to common shareholders was $4.7 million, or $26.3 million excluding merger and Caret related costs 2 3⁄4 Q1‘23 earnings per share was $0.07, or $0.41 excluding merger and Caret related costs 2 3⁄4 Closed merger with iStar, internalizing Safehold’s management structure and adding MSD Partners as major shareholder and Caret investor 1 On March 31, 2023, Safehold Inc.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Safehold Inc. reported Q1'23 results: revenue $78.3 million, net income $26.3 million, EPS $0.41.

Period: Q1'23
Revenue: $78.3 million
Net income: $26.3 million
EPS: $0.41
Result: reported results

Exact text from the filing

these results which can be found on its website, www.safeholdinc.com in the “Investors” section. Highlights from the earnings announcement include: 3⁄4 Q1‘23 revenue was $78.3 million 3⁄4 Q1‘23 net income attributable to common shareholders was $4.7 million, or $26.3 million excluding merger and Caret related costs 2 3⁄4 Q1‘23 earnings per share was $0.07, or

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36 earnings releases filed in the last 30 days. Browse all earnings releases →

Safehold Inc. filing history →

Source: SEC EDGAR

accession 0001558370-23-006837

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