Safety Income & Growth (SAFE) Tops Q1 EPS by 7c

Safety Income & Growth (NYSE: SAFE) reported Q1 EPS of $0.20, $0.07 better than the analyst estimate of $0.13.

• Net income of $3.7 million or $0.20 per share
• Funds from Operations (FFO) of $6.0 million or $0.33 per share
• Adjusted Funds from Operations (AFFO) of $5.5 million or $0.30 per share
• Received $3.3 million of Park Hotels percentage rent, an increase of 11% over the prior-year period
• Closed 3 ground lease deals totaling $91 million
• Portfolio increased 18% during the quarter to $588 million
• Value Bank increased 21% during the quarter to $1.2B
• $81 million of additional deals under LOI

For earnings history and earnings-related data on Safety Income & Growth (SAFE) click here.

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