Safehold Inc. (SAFE) Misses Q1 EPS by 1c

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Safehold Reports First Quarter 2021 Results

April 22, 2021 7:30 AM EDT

NEW YORK--(BUSINESS WIRE)-- Safehold Inc. (NYSE: SAFE) reported results for the first quarter 2021.

Highlights from the first quarter earnings announcement include:

Revenue of $43.5 million Net income of $16.9 million Earnings per share of $0.32 $166 million of new ground lease investments with an effective yield of 5.3%(1) $1.0 billion new recast unsecured revolving credit facility $770 million of cash & credit facility availability

Following our recent investment grade ratings from Moodys and Fitch, Safehold recast a new $1.0 billion revolving credit facility, which will allow us to... More