Safehold Q3 revenue beats analyst expectations

Safehold

03/11/2026 21:31

Overview
US ground lease REIT's Q3 revenue beat analyst expectations
Q3 EPS was $0.41; no analyst estimate provided for comparison
Company closed $38 mln of new ground lease originations in Q3

Outlook
Company says it is well-positioned with ample liquidity and no significant near-term maturities

Result Drivers
GROUND LEASE ORIGINATIONS - Co closed $38 mln of new ground lease originations in Q3, including multifamily assets at what it described as attractive yields and low GLTVs
MARKET VOLATILITY - Co said recent rise in rates has added volatility to transaction markets

Company press release: ID:nPn9cG94na

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$118.7 mln
$117.43 mln (6 Analysts)
Q3 EPS
 
$0.41
 
Q3 Net Income
 
$28.8 mln
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 7 "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 $15.50, about 34.2% above its November 2 closing price of $11.55
The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 10 three months ago

Reuters Recommended Reads
Nov 2 - Realty Income's Q3 revenue beats; raises 2026 AFFO per share outlook
Nov 2 - Sabra Health Care REIT Q3 revenue rises year-over-year
Nov 2 - Empire State Realty Trust raises 2026 Core FFO outlook

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.)