Safehold Q2 revenue slightly beats on increased ground lease originations

Safehold

30/07/2026 21:17

Overview
US ground lease REIT's Q2 revenue saw a slight beat of analyst expectations
Q2 net income was $30.2 mln, EPS was $0.42
Company formed $348 mln joint venture with Brookfield and closed $225 mln private placement

Outlook
Company did not provide specific guidance for current or future quarters in the press release

Result Drivers
ORIGINATION VOLUME - Co said increased ground lease originations contributed to Q2 results
JOINT VENTURE - Co formed $348 mln joint venture with Brookfield on a portfolio of ground leases
CAPITAL RAISING - Co closed $225 mln private placement of structured senior unsecured notes due 2056

Company press release: ID:nPn2JbQMYa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Slight Beat*
$114.60 mln
$113.59 mln (6 Analysts)
Q2 EPS
 
$0.42
 
Q2 Net Income
 
$30.20 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 5 "strong buy" or "buy", 5 "hold" and 1 "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 $18.00, about 10.1% above its July 29 closing price of $16.35
The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 8 three months ago

Reuters Recommended Reads
July 30 - Kite Realty Q2 net income rises, raises 2026 same property NOI growth outlook
July 29 - Broadstone Net Lease Q2 EPS beats estimates, raises FY AFFO outlook
July 28 - REIT BXP raises 2026 FFO forecast amid return-to-office push

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