Safehold Inc
SAFE
ISIN US78646V1070 / Valor 125590632
Safehold Inc
UMushroom community rating:
About company
Safehold Inc is a leading real estate investment company with a team of highly skilled professionals specializing in ground lease investments. The company offers a comprehensive range of services including sourcing, structuring, debt and equity investments, asset management, design, construction, capital markets, legal, investor relations, and marketing. Safehold Inc is known for its innovative approach to the ground lease industry and is dedicated to providing clients with top-notch integrated solutions for their real estate investment needs.
Summarized from source with an LLMView SourceSector: FinanceLatest Results (14.08.2024):
Revenue Growth
Safehold Inc. reported revenue of $89.9 million for the second quarter of 2024, marking a 5% increase compared to the same period last year. This growth reflects the company's successful efforts in expanding its portfolio and optimizing its ground lease strategy.
Net Income Surge
In the second quarter of 2024, Safehold Inc. achieved a net income attributable to common shareholders of $29.7 million. This represents a significant 34% year-over-year increase, showcasing the company's improved profitability and operational efficiency.
Earnings Per Share
Safehold Inc. reported earnings per share (EPS) of $0.42 for Q2 2024, up 20% from the previous year. This increase in EPS indicates the company's strong financial performance and its ability to deliver value to its shareholders.
New Ground Leases
During the second quarter of 2024, Safehold Inc. closed six new ground leases totaling $98 million. This addition brings the company's total aggregate portfolio to 143 ground leases, valued at $6.5 billion, further solidifying its market position.
Credit Facility Expansion
Safehold Inc. successfully closed a new $2.0 billion unsecured revolving credit facility in Q2 2024, replacing the previous $1.85 billion facilities. This new facility not only increases the company's financial flexibility but also lowers the overall cost of borrowing.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
2315 M
Market cap (USD)
165,385
Daily traded volume (Shares)
18.92 / 18.54
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
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Dividend yield (p.a.)
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P/E ratio
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EPS (USD)
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Ratings & reviews
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