Safehold Reports Second Quarter 2025 Results
Safehold (NYSE: SAFE), a pioneer in modern ground lease industry, has reported its Q2 2025 financial results. The company achieved revenue of $93.8 million and net income of $27.9 million attributable to common shareholders, resulting in earnings per share of $0.39.
During the quarter, Safehold closed $220 million in originations, comprising four ground leases totaling $123 million and three leasehold loans worth $97 million. The company's Estimated Unrealized Capital Appreciation reached $9.1 billion. Management expressed optimism about increasing customer engagement and the company's position to scale its market-leading platform.
Safehold (NYSE: SAFE), pioniere nel settore moderno dei contratti di locazione a terra, ha comunicato i suoi risultati finanziari del secondo trimestre 2025. L'azienda ha registrato un fatturato di 93,8 milioni di dollari e un utile netto di 27,9 milioni di dollari attribuibile agli azionisti comuni, con un utile per azione di 0,39 dollari.
Nel trimestre, Safehold ha concluso operazioni di origine per 220 milioni di dollari, comprendenti quattro contratti di locazione a terra per un totale di 123 milioni di dollari e tre prestiti di locazione per 97 milioni di dollari. L'Apprezzamento del Capitale Stimato Non Realizzato dell'azienda ha raggiunto 9,1 miliardi di dollari. La direzione si è mostrata ottimista riguardo all'aumento dell'engagement dei clienti e alla capacità dell'azienda di espandere la sua piattaforma leader di mercato.
Safehold (NYSE: SAFE), pionero en la industria moderna de arrendamientos de terrenos, ha reportado sus resultados financieros del segundo trimestre de 2025. La compañía logró unos ingresos de 93.8 millones de dólares y un ingreso neto de 27.9 millones de dólares atribuible a los accionistas comunes, resultando en ganancias por acción de 0.39 dólares.
Durante el trimestre, Safehold cerró 220 millones de dólares en originaciones, que incluyen cuatro arrendamientos de terrenos que suman 123 millones de dólares y tres préstamos de arrendamiento por 97 millones de dólares. La Apreciación de Capital No Realizada Estimada de la compañía alcanzó 9.1 mil millones de dólares. La gerencia expresó optimismo sobre el aumento del compromiso de los clientes y la posición de la compañía para escalar su plataforma líder en el mercado.
Safehold (NYSE: SAFE)는 현대 지상 임대 산업의 선구자로서 2025년 2분기 재무 실적을 발표했습니다. 회사는 9,380만 달러의 매출과 보통주 주주에게 귀속되는 2,790만 달러의 순이익을 기록했으며, 주당 순이익은 0.39달러였습니다.
분기 동안 Safehold는 총 1억 2,300만 달러 규모의 4건의 지상 임대 계약과 9,700만 달러 규모의 3건의 임대 대출을 포함하여 2억 2,000만 달러의 신규 계약을 체결했습니다. 회사의 추정 미실현 자본 이익은 91억 달러에 달했습니다. 경영진은 고객 참여 증대와 시장 선도 플랫폼의 확장 가능성에 대해 낙관적인 전망을 밝혔습니다.
Safehold (NYSE : SAFE), pionnier dans l'industrie moderne des baux fonciers, a annoncé ses résultats financiers du deuxième trimestre 2025. La société a réalisé un chiffre d'affaires de 93,8 millions de dollars et un revenu net de 27,9 millions de dollars attribuable aux actionnaires ordinaires, ce qui se traduit par un bénéfice par action de 0,39 dollar.
Au cours du trimestre, Safehold a conclu 220 millions de dollars d'originations, comprenant quatre baux fonciers totalisant 123 millions de dollars et trois prêts de bail pour 97 millions de dollars. L'appréciation estimée du capital non réalisée de la société a atteint 9,1 milliards de dollars. La direction s'est montrée optimiste quant à l'augmentation de l'engagement des clients et à la capacité de l'entreprise à développer sa plateforme leader sur le marché.
Safehold (NYSE: SAFE), ein Pionier der modernen Bodenpachtbranche, hat seine Finanzergebnisse für das zweite Quartal 2025 veröffentlicht. Das Unternehmen erzielte einen Umsatz von 93,8 Millionen US-Dollar und einen Nettoertrag von 27,9 Millionen US-Dollar, der den Stammaktionären zuzurechnen ist, was zu einem Ergebnis je Aktie von 0,39 US-Dollar führte.
Im Quartal schloss Safehold Ursprungsfinanzierungen in Höhe von 220 Millionen US-Dollar ab, darunter vier Bodenpachtverträge im Gesamtwert von 123 Millionen US-Dollar und drei Erbbaudarlehen im Wert von 97 Millionen US-Dollar. Die geschätzte unrealisierte Kapitalwertsteigerung des Unternehmens erreichte 9,1 Milliarden US-Dollar. Das Management zeigte sich optimistisch hinsichtlich der steigenden Kundenbindung und der Fähigkeit des Unternehmens, seine marktführende Plattform auszubauen.
- Closed $220 million in new originations during Q2 2025
- Estimated Unrealized Capital Appreciation grew to $9.1 billion
- Generated $93.8 million in quarterly revenue
- Achieved $27.9 million in net income ($0.39 EPS)
- Reported increasing customer engagement
- Forward commitments of $116 million are subject to conditions and may not be fully funded
- $31 million contingent-based loan allocation remains unfunded
Insights
Safehold delivered solid Q2 results with $93.8M revenue, $27.9M net income, and closed $220M in new deals, strengthening its ground lease platform.
Safehold's Q2 2025 results demonstrate continued stability in its ground lease business model. With
The company's Estimated Unrealized Capital Appreciation increased to
Management's statement about "converting previously announced LOIs into closings at attractive risk-adjusted returns" suggests the company is successfully executing on its pipeline despite whatever market conditions exist. The mention of "increasing customer engagement" indicates growing market acceptance of the modern ground lease structure that Safehold pioneered.
The forward commitments mentioned in the footnotes (
As the creator of the modern ground lease industry, Safehold continues to demonstrate that its business model of separating land ownership from building ownership can generate stable income while potentially unlocking additional value for real estate owners across multiple property types.
SAFE published a presentation detailing these results which can be found on its website, www.safeholdinc.com in the "Investors" section.
Highlights from the earnings announcement include:
- Q2'25 revenue was
$93.8 million - Q2'25 net income attributable to common shareholders was
$27.9 million - Q2'25 earnings per share was
$0.39 - Closed
$220 million $123 million $97 million - Estimated Unrealized Capital Appreciation increased to
$9.1 billion
"Safehold delivered a solid second quarter, converting several previously announced LOIs into closings at attractive risk-adjusted returns," said Jay Sugarman, Chairman and Chief Executive Officer. "We are encouraged by increasing customer engagement and well positioned to continue scaling our market leading platform."
The Company will host an earnings conference call reviewing this presentation beginning at 5:00 p.m. ET on Tuesday, August 5, 2025. This conference call will be broadcast live and can be accessed by all interested parties through Safehold's website and by using the dial in information listed below:
Dial-In: | 888.506.0062 |
International: | 973.528.0011 |
Access Code: | 951370 |
A replay of the call will be archived on the Company's website. Alternatively, the replay can be accessed via dial-in from 8:00 p.m. ET on August 5, 2025 through 12:00 a.m. ET on August 19, 2025 by calling:
Replay: | 877.481.4010 |
International: | 919.882.2331 |
Access Code: | 52799 |
About Safehold:
Safehold Inc. (NYSE: SAFE) is revolutionizing real estate ownership by providing a new and better way for owners to unlock the value of the land beneath their buildings. Having created the modern ground lease industry in 2017, Safehold continues to help owners of high quality multifamily, office, industrial, hospitality, student housing, life science and mixed-use properties generate higher returns with less risk. The Company, which is taxed as a real estate investment trust (REIT), seeks to deliver safe, growing income and long-term capital appreciation to its shareholders. Additional information on Safehold is available on its website at www.safeholdinc.com.
Company Contact:
Pearse Hoffmann
Senior Vice President
Head of Corporate Finance
T 212.930.9400
E investors@safeholdinc.com
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SOURCE Safehold
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