Safehold

Oct 31, 2023

•

Sep 30, 2023

Safehold Q3 2023 Earnings Report

Safehold reported third quarter 2023 results.

Key Takeaways

Safehold reported Q3 2023 revenue of $85.6 million and a net loss of $123.0 million, which included a $145.4 million non-cash impairment of goodwill. Excluding the impairment and other merger-related costs, net income was $22.5 million and EPS was $0.33.

Q3 2023 revenue was $85.6 million.

Q3 2023 net loss was $123.0 million, including a $145.4 million non-cash goodwill impairment.

Excluding the impairment and other merger costs, Q3 2023 net income was $22.5 million.

Closed $53 million of new originations during the quarter and post quarter-end, bringing total aggregate portfolio to $6.4 billion.

Total Revenue

$85.6M

Previous year: $71.7M