Quarterly ResultApr 30, 2026, 04:23 PM
SAFE Q1 Revenue $110.9M; Net Income $28.9M; EPS $0.40
AI Summary
Safehold Inc. reported its first-quarter 2026 results, with revenue increasing to $110.9 million. Net income attributable to common shareholders was $28.9 million, resulting in earnings per share of $0.40. The company closed $68 million in new originations and saw its estimated Unrealized Capital Appreciation grow to $9.5 billion, while also repurchasing shares.
Key Highlights
- Q1'26 revenue increased 13% to $110.9 million.
- Q1'26 net income attributable to common shareholders was $28.9 million.
- Q1'26 earnings per share was $0.40.
- Closed $68 million in new originations, including 3 ground leases and 1 leasehold loan.
- Non-binding LOIs totaled approximately $255 million for 14 ground leases.
- Estimated Unrealized Capital Appreciation (UCA) increased to $9.5 billion.
- Repurchased 236,000 shares at an average price of $14.39, totaling $3.4 million.