Quarterly ResultJul 30, 2026, 04:18 PM
Safehold Q2 Revenue $114.6M, EPS $0.42; Originations $150M
AI Summary
Safehold Inc. reported strong second-quarter 2026 results, with revenue increasing 22% to $114.6 million and net income attributable to common shareholders rising 8% to $30.2 million, resulting in an EPS of $0.42. The company closed $150 million in new ground lease originations and formed a $348 million joint venture with Brookfield. Additionally, Safehold completed a $225 million private placement of unsecured notes and saw its estimated Unrealized Capital Appreciation grow to $9.8 billion, while also repurchasing 850,000 shares.
Key Highlights
- Q2 2026 revenue was $114.6 million, a 22% increase year-over-year.
- Net income attributable to common shareholders reached $30.2 million, up 8% year-over-year.
- Earnings per share (EPS) for Q2 2026 was $0.42, an 8% increase year-over-year.
- Closed $150 million in new ground lease originations during the quarter.
- Formed a $348 million joint venture with Brookfield for a portfolio of ground leases.
- Completed a $225 million private placement of structured senior unsecured notes due 2056.
- Estimated Unrealized Capital Appreciation (UCA) increased to $9.8 billion.
- Repurchased 850,000 shares at an average price of $15.17 per share.
Price Impact
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