UPDATE: (Correct) Safety Income & Growth (SAFE) Reports Q2 AFFO of 17c
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Safety, Income & Growth Reports Second Quarter 2018 Results
July 26, 2018 7:00 AM EDTNEW YORK--(BUSINESS WIRE)-- Safety, Income & Growth Inc. (NYSE: SAFE) today reported results for the second quarter ended June 30, 2018. Highlights for the quarter include:
Net income of $1.7 million or $0.09 per share Funds from Operations (FFO) of $4.0 million or $0.22 per share Adjusted Funds from Operations (AFFO) of $3.0 million or $0.17 per share Received $1.5 million termination fee after a third party exercised right of first offer to purchase a ground lease SAFE had under contract Closed four ground leases... More