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Safehold (SAFE) - 2024 Q2 - Quarterly Results
2024-07-29 20:10
Exhibit 99.2 Q2'24 Earnings Results Q2'24 Summary Safehold Debt & Hedging Investment Activity $2.0b $750m 6 closed deals for $98m1 Revolver Commercial Paper 100% 4 3 Closed new 5-year unsecured Unsecured funding alternative revolving credit facility to current revolving credit Sponsors Multifamily Markets (replaced existing aggregate $1.85b facilities) facility with expected interest savings. $0 issued to-date (2 New) 33% 7.5% Outstanding Hedges 2.8x $500m SOFR Swap through April 2028 at -3.0% SOFR Rent Eco ...
Safehold Reports Second Quarter 2024 Results
Prnewswire· 2024-07-29 20:01
Q2'24 revenue was $89.9 million, up 5% year-over-year Q2'24 net income attributable to common shareholders was $29.7 million, up 34% year-over-year Q2'24 earnings per share was $0.42, up 20% year-over-year Closed six new ground leases for $98 million1 during the quarter, bringing the total aggregate portfolio to 143 ground leases and $6.5 billion Closed new $2.0 billion unsecured revolving credit facility, replacing previous $1.85 billion aggregate facilities and lowering facility cost Established $750 mill ...
Safehold Sets Second Quarter 2024 Earnings Release Date and Webcast
Prnewswire· 2024-07-17 12:00
The dial-in information for the live call is: Replay: 877.481.4010 International: 919.882.2331 Access Code: 50921 The Company will host an earnings conference call reviewing these results and its operations beginning at 9:00 a.m. ET on Tuesday, July 30, 2024. This conference call will be broadcast live and can be accessed by all interested parties through Safehold's website, www.safeholdinc.com, in the "Investors" section. A replay of the call will be archived on the Company's website. Alternatively, the re ...
Safehold: Two Requirements To Make It To $30
Seeking Alpha· 2024-07-15 07:46
AlexSava/iStock via Getty Images Data by YCharts Data by YCharts Q1-2024 Income Statement SAFE Q1-2024 Presentation Earnings Reconciliation We called Safehold Inc. (NYSE:SAFE) the ultimate swan dive last November. The title of that piece was indicative of the long-term performance for this REIT, which started with our initial review of it in early 2021. Last November, however, we thought the stock was ripe for a bounce and went with a hold rating. Contrary to its ticker, Safehold had been anything but safe ...
Safehold Closes Four Ground Leases for Affordable Multifamily Assets
Prnewswire· 2024-07-08 20:05
NEW YORK, July 8, 2024 /PRNewswire/ -- Safehold Inc. (NYSE: SAFE), the creator and leader of the modern ground lease industry, has closed on ground leases to facilitate the ground-up development of four affordable housing communities in Northern California. The low-income tax credit developments total 781 units across four locations: three in San Jose and one in Concord, California. The projects will be built by The Pacific Companies, a prolific and highly experienced developer of affordable housing through ...
Safehold Announces $750 Million Commercial Paper Note Program
Prnewswire· 2024-06-21 20:15
NEW YORK, June 21, 2024 /PRNewswire/ -- Safehold Inc. (the "Company" or "Safehold") (NYSE: SAFE) today announced that its operating company, Safehold GL Holdings LLC (the "operating company"), has established an unsecured commercial paper note program in the United States. Under the terms of the program, the operating company may issue from time to time unsecured commercial paper notes up to a maximum aggregate amount outstanding at any one time of $750 million. The notes will be sold under customary terms ...
Safehold Declares Second Quarter 2024 Common Stock Dividend
Prnewswire· 2024-06-14 12:00
NEW YORK, June 14, 2024 /PRNewswire/ -- Safehold Inc. (NYSE: SAFE) announced today that the Company's Board of Directors has declared common stock dividends of $0.177 per share for the second quarter of 2024. The dividend represents an annualized rate of $0.708 per share and is payable on July 15, 2024 to holders of record on June 28, 2024. About Safehold: Company Contact: Pearse Hoffmann Senior Vice President Capital Markets & Investor Relations T 212.930.9400 E [email protected] Safehold Inc. (NYSE: SAFE) ...
Safehold Closes Ground Lease for Affordable Multifamily Development in Orange County, California
Prnewswire· 2024-06-06 20:05
NEW YORK, June 6, 2024 /PRNewswire/ -- Safehold Inc. (NYSE: SAFE), the creator and leader of the modern ground lease industry, has closed on a ground lease to facilitate the ground-up development of The Orion, a 166-unit senior affordable community in Orange, California. The project will be developed by USA Properties Fund, an experienced developer of multifamily projects throughout California. The OrionThe Orion "We are very excited to establish a relationship with the USAP team, and look forward to a succ ...
Paperclip to Showcase SAFE® Searchable Encryption at Gartner Security & Risk Management Summit 2024
globenewswire.com· 2024-05-28 14:52
HACKENSACK, N.J., May 28, 2024 (GLOBE NEWSWIRE) -- Paperclip, Inc. (OTCMKTS:PCPJ) announced today its sponsorship of the Gartner Security & Risk Management Summit in National Harbor, Maryland June 3-5. The annual show brings together a world-class community of digital workplace leaders, architects, and IT executives. Paperclip, an innovative content management and data security company, will showcase its breakthrough SAFE® searchable encryption solution at the annual show alongside other leading security ve ...
Safehold (SAFE) - 2024 Q1 - Quarterly Report
2024-05-07 20:11
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Securities registered pursuant to Section 12(b) of the Act: | Title of each class | Trading Symbol(s) | Name of each exchange on which registered | | --- | --- | --- | | C ...