Ground lease REIT Safehold marginally beats Q3 revenue estimates

Safehold

05/11/2025 21:50

Overview

Safehold Q3 revenue slightly beats analyst expectations at $96.2 mln

Company reports Q3 net income of $29.3 mln and EPS of $0.41

Safehold closed $42 mln of ground lease originations in Q3

Outlook

Safehold did not provide specific future guidance in the press release

Result Drivers

REPEAT CUSTOMER GROWTH - Co highlights consistent growth in repeat customer business, says it is focused on efficient capital for customers

GROUND LEASE ORIGINATIONS - Safehold closed $42 mln of ground lease originations in Q3, with additional commitments in Q4

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Slight Beat*
$96.20 mln
$95.70 mln (6 Analysts)
Q3 EPS
$0.41
Q3 Net Income
$29.30 mln


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the diversified reits peer group is "buy"

Wall Street's median 12-month price target for Safehold Inc is $20.50, about 29.4% above its November 4 closing price of $14.47

The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release: ID:nPnGq7qxa

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)