Safehold

Oct 28, 2024

•

Sep 30, 2024

Safehold Q3 2024 Earnings Report

Safehold reported third quarter results, including revenue of $90.7 million and earnings per share of $0.27.

Key Takeaways

Safehold reported a productive third quarter, marked by new originations and a joint venture buyout. The company generated revenue of $90.7 million and net income of $19.3 million, or $26.1 million excluding the impact of non-cash general provision for credit losses.

Revenue for Q3 2024 was $90.7 million.

Net income attributable to common shareholders for Q3 2024 was $19.3 million, or $26.1 million excluding non-cash general provision for credit losses.

Earnings per share for Q3 2024 was $0.27, or $0.37 excluding non-cash general provision for credit losses.

Closed $104 million of new originations in Q3 2024, including ground leases and leasehold loan.

Total Revenue

$90.7M

Previous year: $85.6M