Safehold

Apr 29, 2021

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Mar 31, 2021

Safehold Q1 2021 Earnings Report

iStar reported results for the first quarter ended March 31, 2021.

Key Takeaways

iStar reported adjusted earnings of $22.7 million or $0.30 per diluted common share. The company sold $56 million of legacy assets and saw a 6% net reduction of legacy asset portfolio. Safehold position totals 34.8 million shares, representing $2.4 billion in market value at quarter end

Net loss of ($0.4) million or ($0.01) per diluted common share

Adjusted earnings of $22.7 million or $0.30 per diluted common share

$56 million of legacy asset sales proceeds

6% net reduction of legacy asset portfolio

Total Revenue

$43.5M

Previous year: $40.2M