---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-006837"
form_type: "8-K"
ticker: "SAFE"
cik: "0001095651"
company_name: "Safehold Inc."
filed_at: "2023-04-26T23:59:59+00:00"
generated_at: "2026-06-16T11:40:01.088167+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001558370-23-006837
- form_type: 8-K
- ticker: SAFE
- cik: 0001095651
- company_name: Safehold Inc.
- filed_at: 2023-04-26T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1095651/000155837023006837/0001558370-23-006837-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1095651/000155837023006837/safe-20230426x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-006837
- JSON: https://secwatch.observer/filing/0001558370-23-006837.json
- Plain text: https://secwatch.observer/filing/0001558370-23-006837.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1095651/000155837023006837/0001558370-23-006837-index.htm
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1095651/000155837023006837/0001558370-23-006837-index.htm

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