Safehold Q4 revenue slightly beats expectations

Reuters
02/12
<a href="https://laohu8.com/S/SAFE">Safehold</a> Q4 revenue slightly beats expectations

Overview

  • Real estate investment trust's Q4 revenue slightly beat analyst expectations

  • EPS for Q4 was $0.39

Outlook

  • Company optimistic about affordable housing business momentum

  • Safehold plans to leverage leadership team for customer service and shareholder value

Result Drivers

  • NEW INVESTMENTS - Safehold invested $429 mln in new originations, including 17 new ground leases and four leasehold loans, expanding its portfolio to $7.1 bln

  • CAPITAL MANAGEMENT - Closed $400 mln unsecured term loan and repaid $227 mln secured debt, enhancing financial flexibility

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q4 Revenue

Slight Beat*

$97.90 mln

$96.94 mln (6 Analysts)

Q4 EPS

$0.39

Q4 Net Income

$27.90 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 6 "strong buy" or "buy", 4 "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 $Safehold Inc(SAFE-W)$ is $19.00, about 22.9% above its February 10 closing price of $15.46

  • The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release: ID:nPn3Pr2G6a

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.)

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