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Sep 30, 2022
Safehold Q3 2022 Earnings Report
Reported results for the third quarter of 2022.
Key Takeaways
iStar reported a net income of $12.1 million, or $0.14 per diluted common share, and adjusted earnings of $28.5 million, or $0.33 per diluted common share for the third quarter ended September 30, 2022. The company extinguished $155 million of debt and generated $105 million from legacy asset sales and loan repayments. Safehold closed $284 million in new originations.
Net income was $12.1 million or $0.14 per diluted common share.
Adjusted earnings were $28.5 million or $0.33 per diluted common share.
Extinguished $155 million of debt, including $93 million of convertible notes and $62 million of open market bond repurchases.
$105 million of proceeds were generated from legacy asset sales and loan repayments.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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