Safehold Reports First Quarter 2019 Results
In 2019, Safehold highlights include:
-
Net income was
$11.1 million , a 198% increase year-over-year -
Net income per share was
$0.36 , a 77% increase year-over-year -
Revenues were
$21.8 million , an 87% increase year-over-year -
Closed 6 new investments totaling
$143 million -
Raised
$250 million of equity - Created 30-year full-term interest-only financing structure subsequent to quarter end
“Safehold begins 2019 with a strong quarter, with revenues and net
income up significantly over the past year, solid investment momentum
and a strengthening balance sheet,” said
SAFE published a presentation detailing these results and a reconciliation of its non-GAAP financial metrics, which can be found on its new website, www.safeholdinc.com in the “Investor Relations” section.
The Company will host an earnings conference call reviewing this
presentation beginning at
For those who are not able to listen to the live broadcast, a replay will be available shortly after the call on the website or by dialing (800) 585-8367 (U.S. domestic) or (416) 621-4642 (international) using the conference ID: 7664015.
About Safehold:
View source version on businesswire.com: https://www.businesswire.com/news/home/20190425005341/en/
Source:
Jason Fooks, Senior Vice President of Investor Relations & Marketing
T
212.930.9400
investors@safeholdinc.com