Safehold Reports Second Quarter 2025 Results

Rhea-AI Summary

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.

Positive

• 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

Negative

• Forward commitments of $116 million are subject to conditions and may not be fully funded
• $31 million contingent-based loan allocation remains unfunded

News Market Reaction

-1.26%

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-1.26% News Effect

On the day this news was published, SAFE declined 1.26%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

NEW YORK, Aug. 5, 2025 /PRNewswire/ -- Safehold Inc. (NYSE: SAFE) reported results for the second quarter 2025.

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 of originations in Q2'25, including four ground leases for $123 million¹ and three leasehold loans for $97 million²
• 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

¹ Includes $62m forward commitments for new ground lease originations that have not yet been funded (such funding commitments are subject to certain conditions). There can be no assurance Safehold will fully fund these transactions.

² Includes $54m forward commitments for new leasehold loan originations that have not yet been funded (such funding commitments are subject to certain conditions). Excludes $31m commitment regarding contingent-based loan allocation which was fully unfunded as of 6/30/25. There can be no assurance Safehold will fully fund these transactions.

View original content to download multimedia:https://www.prnewswire.com/news-releases/safehold-reports-second-quarter-2025-results-302522328.html

SOURCE Safehold

FAQ

What were Safehold's (SAFE) Q2 2025 earnings results?

Safehold reported Q2 2025 revenue of $93.8 million, with net income of $27.9 million attributable to common shareholders and earnings per share of $0.39.

How much did Safehold (SAFE) originate in new business during Q2 2025?

Safehold closed $220 million in originations, including $123 million in ground leases and $97 million in leasehold loans.

What is Safehold's (SAFE) Estimated Unrealized Capital Appreciation as of Q2 2025?

Safehold's Estimated Unrealized Capital Appreciation increased to $9.1 billion in Q2 2025.

What types of properties does Safehold (SAFE) focus on for ground leases?

Safehold focuses on high-quality multifamily, office, industrial, hospitality, student housing, life science, and mixed-use properties.

When was Safehold's modern ground lease industry created?

Safehold created the modern ground lease industry in 2017 to provide a new way for owners to unlock the value of land beneath their buildings.