Business
Safehold Reports First Quarter 2025 Results
Safehold Inc. (NYSE: SAFE) reported results for the first quarter 2025.
About this update from Safehold Inc. New
[{"type":"text","content":"NEW YORK, May 6, 2025 /PRNewswire/ -- Safehold Inc. (NYSE: SAFE) reported results for the first quarter 2025.","length":109,"tagName":"p"},{"type":"image","alt":"(PRNewsfoto/Safehold)","displaySize":"","headline":null,"caption":"(PRNewsfoto/Safehold)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":254,"url":"https://media.zenfs.com/en/prnewswire.com/43296b4381813ba89d91fab4cfb8aa73"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/ZdVYSPhnTd9WkV20cpjnCQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTQ0ODtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/43296b4381813ba89d91fab4cfb8aa73","width":400,"height":254}},"href":"https://mma.prnewswire.com/media/2039387/Safehold__Carbon_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"SAFE published a presentation detailing these results which can be found on its website, www.safeholdinc.com in the "Investors" section.","length":151,"tagName":"p"},{"type":"text","content":"Highlights from the earnings announcement include:","length":50,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Q1'25 revenue was $97.7 million","length":35,"tagName":"p"}]},{"val":[{"type":"text","content":"Q1'25 net income attributable to common shareholders was $29.4 million, or $31.3 million excluding non-recurring gains/losses","length":129,"tagName":"p"}]},{"val":[{"type":"text","content":"Q1'25 earnings per share was $0.41, or $0.44 excluding non-recurring gains/losses","length":85,"tagName":"p"}]},{"val":[{"type":"text","content":"Non-binding LOI's1 totaling ~$386 million, including 11 ground leases for ~$273 million and 4 leasehold loans for ~$113 million","length":141,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":390,"olType":false},{"type":"text","content":""We are pleased to see increasing customer engagement and a growing pipeline, and we will look to take advantage of near-term capital deployment opportunities that serve our customers and create value for shareholders," said Jay Sugarman, Chairman and Chief Executive Officer.","length":286,"tagName":"p"},{"type":"text","content":"The Company will host an earnings conference call reviewing this presentation beginning at 9:00 a.m. ET on Wednesday, May 7, 2025. This conference call will be broadcast live and ca...