Safehold

Apr 26, 2023

•

Mar 31, 2023

Safehold Q1 2023 Earnings Report

Safehold's first quarter 2023 results were announced, highlighting revenue and net income, and the closing of the merger with iStar.

Key Takeaways

Safehold reported Q1 2023 revenue of $78.3 million and net income attributable to common shareholders of $4.7 million, or $26.3 million excluding merger and Caret related costs. The company also closed its merger with iStar, internalizing Safehold’s management structure and adding MSD Partners as a major shareholder and Caret investor.

Q1 2023 revenue was $78.3 million.

Q1 2023 net income attributable to common shareholders was $4.7 million, or $26.3 million excluding merger and Caret related costs.

Q1 2023 earnings per share was $0.07, or $0.41 excluding merger and Caret related costs.

Safehold closed merger with iStar, internalizing Safehold’s management structure and adding MSD Partners as major shareholder and Caret investor.

Total Revenue

$78.3M

Previous year: $60.4M