Safehold Inc reports results for the quarter ended in September 30 - Earnings Summary

Safehold

29/10/2024 02:39

* Safehold Inc  SAFE.N  reported quarterly adjusted earnings
of 37
cents​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of 33 cents.  The mean expectation of nine analysts for the
quarter was for earnings of 37 cents per share. Wall Street
expected results to range from 35 cents to 39 cents per share.
    * Revenue rose 6% to $90.71 million from a year ago;
analysts
expected $90.42 million. 
    * Safehold Inc's reported EPS for the quarter was 27 cents​.
    * The company reported quarterly net income of $19.33
million.
    * Safehold Inc shares had fallen by 12.3% this quarter and
lost 1.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.9%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the diversified
reits
peer group is also "buy"

Wall Street's median 12-month price target for Safehold Inc is
$30.00 
This summary was machine generated from LSEG data October 29 at
02:38 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2024      0.37           0.37           Met
 Jun. 30 2024      0.37           0.41           Beat
 Mar. 31 2024      0.39           0.43           Beat
 Dec. 31 2023      0.35           0.36           Beat