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Safehold (SAFE)
NYSE:SAFE
Earnings Data
Report Date
Aug 05, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.4Last Year’s EPS
0.41Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 06, 2025
|% Change Since: 3.97%
|Next Earnings Date:Aug 05, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a cautious optimism with a strong pipeline and strategic growth initiatives, but significant challenges from market volatility and interest rate impacts. While there are notable achievements in portfolio growth and a strong capital structure, the lack of new originations and the decline in earnings highlight ongoing market challenges.Company Guidance
During Safehold’s first quarter 2025 earnings call, the company reported a challenging market environment for new deals, with no new originations for the quarter due to interest rate volatility and market uncertainty. However, they noted an increase in signed letters of intent (LOIs), totaling approximately $386 million across 11 ground leases and 4 loans, with six of these in the affordable housing sector. The total portfolio was valued at $6.8 billion, with an estimated unrealized capital appreciation (UCA) of $8.9 billion, a ground lease-to-value (GLTV) ratio of 52%, and rent coverage of 3.5 times. GAAP revenue for the quarter was $97.7 million, with a net income of $29.4 million, resulting in earnings per share of $0.41. The company ended the quarter with $1.3 billion in liquidity and highlighted a stable capital structure with a weighted average debt maturity of 19 years and an effective interest rate on permanent debt of 4.2%. They emphasized their focus on scaling the business and exploring capital recycling strategies to unlock portfolio value amid current market conditions.Strong Pipeline for Future Deals
Non-binding LOIs totaling approximately $386 million for potential commitments across 11 ground leases and 4 loans, indicating a robust pipeline and potential growth in the multifamily and affordable housing sectors.
Portfolio Growth and Diversification
The total portfolio increased to $6.8 billion with a focus on multifamily ground leases, which now represent 58% of the portfolio from 8% at IPO. The portfolio also includes diverse property types such as office, hotels, and life science spaces.
High Credit Metrics and Liquidity
Strong credit metrics with a rent coverage of 3.5 times and a liquidity position of $1.3 billion supported by potential available capacity in joint ventures.
Advantageous Capital Structure
Weighted average debt maturity of 19 years with no corporate maturities due until 2027, and an active hedging strategy that has led to significant interest savings.
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SAFE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SAFE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| May 06, 2025 | $15.35 | $15.96 | +3.97% |
| Feb 05, 2025 | $16.39 | $17.68 | +7.87% |
| Oct 28, 2024 | $23.07 | $22.05 | -4.42% |
| Jul 29, 2024 | $22.05 | $22.57 | +2.36% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Safehold (SAFE) report earnings?
Safehold (SAFE) is schdueled to report earning on Aug 05, 2025, TBA Not Confirmed.
What is Safehold (SAFE) earnings time?
Safehold (SAFE) earnings time is at Aug 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SAFE EPS forecast?
SAFE EPS forecast for the fiscal quarter 2025 (Q2) is 0.4.
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