Safehold Reports Second Quarter 2026 Results

Rhea-AI Summary

Safehold (NYSE: SAFE) reported second quarter 2026 revenue of $114.6 million, net income attributable to common shareholders of $30.2 million, and EPS of $0.42. According to Safehold, it closed $150 million of new ground lease originations, including $81 million of forward commitments that are subject to conditions and may not be fully funded.

The company formed a $348 million joint venture with Brookfield on a portfolio of ground leases and completed a $225 million private placement of structured senior unsecured notes due 2056, which Safehold states adds investment capacity. Estimated Unrealized Capital Appreciation (UCA) increased to $9.8 billion.

Safehold will host an earnings call on July 30, 2026, at 5:00 p.m. ET, accessible via its website and provided dial-in details, with a replay available through August 13, 2026.

Positive

• Q2 2026 revenue $114.6 million
• Q2 2026 net income $30.2 million attributable to common shareholders
• Q2 2026 EPS $0.42 per share
• New ground lease originations $150 million including $81 million forward commitments
• Joint venture with Brookfield on $348 million ground lease portfolio
• Private placement $225 million structured senior unsecured notes due 2056
• Estimated UCA increased to $9.8 billion

Negative

• None.

News Explained

The completed $225 million private placement was a debt sale to selected investors outside a public offering, with the named senior unsecured notes due in 2056; the disclosed instrument is debt rather than common stock.

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NEW YORK, July 30, 2026 /PRNewswire/ -- Safehold Inc. (NYSE: SAFE) reported results for the second quarter 2026.

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:

• Q2'26 revenue was $114.6 million
• Q2'26 net income attributable to common shareholders was $30.2 million
• Q2'26 earnings per share was $0.42
• Closed $150 million of new ground lease originations¹
• Formed $348 million joint venture with Brookfield on a portfolio of ground leases
• Closed $225 million private placement of structured senior unsecured notes due 2056
• Estimated Unrealized Capital Appreciation increased to $9.8 billion²

"Safehold delivered a strong second quarter, increasing origination volume, growing UCA and adding investment capacity through two bespoke capital raises," said Jay Sugarman, Chairman and Chief Executive Officer. "Our pipeline remains active and we are well-positioned to pursue opportunities that best serve our customers and shareholders."

The Company will host an earnings conference call reviewing this presentation beginning at 5:00 p.m. ET on Thursday, July 30, 2026. 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:	458797

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 July 30, 2026, through 12:00 a.m. ET on August 13, 2026, by calling:

Replay:	877.481.4010
International:	919.882.2331
Access Code:	54312

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 Safehold's $81m forward commitments for the Ground Leases new originations in Q2'26 that have not yet been funded (such funding commitments are subject to certain conditions). There can be no assurances that Safehold will fully fund these transactions.
² For more information on UCA, including additional limitations and qualifications, please refer to our Current Report on Form 8-K filed with the SEC on July 30, 2026, and the "Risk Factors" section of our Annual Report on Form 10-K for the year ended December 31, 2025, filed with the SEC on February 12, 2026.

View original content to download multimedia:https://www.prnewswire.com/news-releases/safehold-reports-second-quarter-2026-results-302839065.html

SOURCE Safehold

FAQ

What were Safehold (NYSE: SAFE) Q2 2026 earnings and revenue?

Safehold reported Q2 2026 revenue of $114.6 million and net income attributable to common shareholders of $30.2 million, or $0.42 per share. According to Safehold, these figures summarize its second quarter 2026 financial performance for common shareholders.

What new ground lease originations did Safehold report for Q2 2026?

Safehold reported $150 million of new ground lease originations in Q2 2026. According to Safehold, this includes $81 million of forward commitments not yet funded, with such funding subject to conditions and no assurance of full funding.

What is the Brookfield joint venture announced by Safehold in Q2 2026?

Safehold formed a $348 million joint venture with Brookfield on a portfolio of ground leases. According to Safehold, this transaction involves ground lease assets and is part of its second quarter 2026 business activities and capital deployment strategy.

What are the terms of Safehold’s 2026 private placement of notes (SAFE)?

Safehold closed a $225 million private placement of structured senior unsecured notes due 2056. According to Safehold, this long-dated financing is intended to provide additional investment capacity, though detailed pricing and covenants were not disclosed in the announcement.

How much Unrealized Capital Appreciation (UCA) did Safehold report for Q2 2026?

Safehold reported Estimated Unrealized Capital Appreciation of $9.8 billion as of Q2 2026. According to Safehold, investors should review its July 30, 2026 Form 8-K and 2025 Form 10-K risk factors for UCA definitions, limitations, and qualifications.

When is the Safehold Q2 2026 earnings conference call and how can investors join?

The Safehold Q2 2026 earnings call is on July 30, 2026 at 5:00 p.m. ET. According to Safehold, investors can access it via the company’s website or by dialing 888.506.0062 (international 973.528.0011) with access code 458797.

How can investors access the replay of Safehold’s Q2 2026 earnings call?

The replay is available from 8:00 p.m. ET July 30, 2026 through 12:00 a.m. ET August 13, 2026. According to Safehold, investors can dial 877.481.4010 (international 919.882.2331) using access code 54312, or listen via the company’s website.