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Jun 30, 2022
Safehold Q2 2022 Earnings Report
Reported a net loss and adjusted earnings loss for Q2 2022.
Key Takeaways
iStar reported a net loss of $138.5 million and an adjusted loss of $32.4 million for the second quarter of 2022. The company exchanged $194 million of convertible notes and recognized a $298 million increase to book equity.
Net loss of ($138.5) million or ($1.70) per diluted common share
Adjusted earnings (loss) of ($32.4) million or ($0.42) per diluted common share
Exchanged $194 million of convertible notes for 13.75 million shares of common stock and $14 million of cash
Recognized a $298 million increase to book equity, offset by a $118 million loss on early extinguishment of debt
Historical Earnings Impact
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Avg. Return Before/After Earnings
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