NYSE$SAFE

Safehold Inc · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

Safehold's Q2 2024 performance showed revenue growth and increased profitability.

Safehold reported a 5% year-over-year increase in revenue, reaching $89.9 million. Net income attributable to common shareholders increased by 34% year-over-year to $29.7 million, and earnings per share rose by 20% year-over-year to $0.42. The company closed six new ground leases for $98 million and established a $750 million unsecured commercial paper note program.

  • Revenue increased by 5% year-over-year to $89.9 million.
  • Net income attributable to common shareholders increased by 34% year-over-year to $29.7 million.
  • Earnings per share increased by 20% year-over-year to $0.42.
  • Closed six new ground leases for $98 million, bringing the total aggregate portfolio to 143 ground leases and $6.5 billion.

Headline financials

Total Revenue

$89.9M

Previous: $85.7M+4.9%
EPS

$0.42

Previous: $0.35+20.0%
Capital Expenditures

$0.00

No prior period
Free Cash Flow

$29.7M

Previous: $22.1M+34.0%
Net Income

$29.7M

Previous: $22.1M+34.0%
Operating Income

$24M

Previous: $15.8M+51.6%
Gross Profit

$88.9M

Previous: $84.6M+5.0%
Cash & Equivalents

$13.4M

Previous: $14.3M-6.0%
Total Assets

$6.77B

Previous: $6.42B+5.5%
Stock-Based Comp

$1.89M

Previous: $7.99M-76.3%

Revenue & EPS history

Safehold · Revenue · Quarterly

$89.9M

Q2 2024+4.9%vs Q2 2023
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2024

Historical avgQ2 2024

+1.0%

Avg return

Earnings day

+0.1%

Avg return

5 days after

-0.8%

Avg return

30 days after

52%

31 / 60 earnings

Positive

+25.8%

Q2 2010

Best reaction

-10.3%

Q3 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+3.9%-5.8%-6.6%
Q4 2025-1.4%+7.0%-3.5%
Q3 2025-10.3%-4.4%-6.5%
Q1 2025+4.0%+1.9%+0.1%
Q4 2024+7.9%+6.5%+12.7%
Q3 2024-2.3%-10.0%-7.3%
Q2 2024+1.7%+2.4%+9.8%
Q1 2024+3.7%+2.1%+0.5%
Q4 2023-4.7%+3.2%-1.6%
Q3 2023-2.6%+9.1%+20.8%
Q2 2023-6.1%-7.9%-14.0%
Q1 2023-1.2%-4.8%-13.1%
Q4 2022-4.9%-10.1%-20.5%
Q3 2022+3.0%+0.9%+1.5%
Q2 2022-1.3%+1.3%-19.6%
Q1 2022-1.0%-8.4%-11.8%
Q4 2021+4.8%+7.0%-0.6%
Q3 2021+0.1%+1.5%-2.8%
Q2 2021+2.3%+0.4%+7.5%
Q1 2021+1.0%-0.4%-8.0%
Q4 2020+1.5%+2.8%+11.7%
Q3 2020+8.5%+1.0%+18.6%
Q2 2020-9.4%-2.6%+2.7%
Q1 2020-8.3%-4.3%+10.2%
Q4 2019+2.8%+2.7%-14.8%
Q3 2019-1.7%+1.2%-4.3%
Q2 2019+1.7%+3.4%-0.5%
Q1 2019+4.7%-0.1%+10.5%
Q4 2016-2.5%-5.5%-9.0%
Q4 2018+1.5%+0.7%-15.9%
Q3 2018+3.2%+0.6%+0.4%
Q2 2018-3.5%+0.7%-0.4%
Q1 2018+4.4%+2.5%+8.1%
Q4 2017-2.8%+0.0%-1.6%
Q3 2017-0.8%-1.3%-4.3%
Q2 2017-3.1%-0.4%-2.1%
Q1 2017-0.9%-3.7%+3.6%
Q3 2016+2.9%+4.9%+14.2%
Q2 2016+7.6%+8.2%+5.7%
Q4 2015-6.2%
Q3 2015-3.7%
Q2 2015-3.7%
Q4 2014+0.1%
Q3 2014-1.3%
Q3 2013-3.2%
Q2 2013-2.7%
Q1 2013-0.6%
Q4 2012+1.2%
Q3 2012+0.1%
Q2 2012+0.0%
Q1 2011+0.9%
Q1 2012+3.5%
Q1 2010+2.4%
Q4 2009+2.4%
Q4 2011+2.4%
Q3 2010-6.6%
Q3 2011-6.6%
Q2 2011+25.8%
Q2 2010+25.8%
Q4 2010+25.8%

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