Safehold (SAFE) - 2025 Q1 - Quarterly Results

Exhibit 99.2 Q1'25 Earnings Results Q1'25 Summary afehold Investment Activity1 | | Non-Binding LOIs | | --- | --- | | | (11 Ground Leases, 4 Leasehold Loans) | | Ground Lease Value | ~$273m | | Leasehold Loan Value | -$113m | | Markets | 8 | | Sponsors | 11 | | GLTV2a | ~34% | | Rent Coverage 3a | ~2.6x | | Economic Yieldª | -7.3% | Portfolio Metrics4 $6.8b /$8.9b Total Portfolio Aggregate GBV§ / Total Portfolio Estimated UCA 52% / 3.5x GLTV² / Rent Coverage3 1.3bb Cash & Credit Facility Capital Sources ...