NEW
YORK, Feb. 14, 2023 /PRNewswire/ -- Safehold
Inc. (NYSE: SAFE) reported results for the fourth quarter and
fiscal year ended December 31,
2022.
SAFE published a presentation detailing these results which can
be found on its website, www.safeholdinc.com in the "Investor
Relations" section.
Highlights from the earnings announcement include:
- Q4 '22 revenue was $73.4 million,
and FY '22 was $270.3 million
- Q4 '22 net income attributable to common shareholders was
$21.8 million, and FY '22 was
$135.4 million
- Q4 '22 earnings per share was $0.35, and FY '22 was $2.21
- Closed 26 ground leases totaling $1.4
billion1 in 2022, bringing the total portfolio to
131 ground leases with an aggregate gross book value of
$6.2 billion
- UCA grew by an estimated $2.4
billion in 2022, bringing total UCA to an estimated
$10.5 billion
- Moody's and Fitch credit ratings both on Positive Outlook
"After another strong year of earnings and portfolio growth,
Safehold is well positioned to continue to drive the expansion of
the modern ground lease industry," said Jay
Sugarman, Chairman and Chief Executive Officer. "As our
business enters the next phase, we are excited to deliver even more
benefits to customers and investors."
The Company will host an earnings conference call reviewing this
presentation beginning at 10:00 a.m.
ET. 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:
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Dial-In:
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888.506.0062
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International:
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973.528.0011
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Access Code:
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935576
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A replay of the call will be archived on the Company's website.
Alternatively, the replay can be accessed via dial-in from
2:00 p.m. ET on February 1, 2023 through 12:00 a.m. ET on February
28, 2023 by calling:
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Replay:
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877.481.4010
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International:
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919.882.2331
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Access Code:
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47581
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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) and is managed by its
largest shareholder, iStar Inc., 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
Capital Markets and Investor Relations
T 212.930.9400
E investors@safeholdinc.com
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1
Investments in 2022 include $257m of forward commitments that have
not yet been funded. Such funding commitments are subject to
certain conditions. There can be no assurance that Safehold will
complete these transactions.
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SOURCE Safehold
