Safehold Reports First Quarter 2022 Results
SAFE published a presentation detailing these results which can be found on its website, www.safeholdinc.com in the "Investor Relations" section.
Highlights from the earnings announcement include:
- Q1 '22 earnings per share were
$0.43 , a 35% increase year-over-year - Q1 '22 revenue was
$60.4 million , a 39% increase year-over-year - Closed
$677 million [1] of new originations, bringing total aggregate portfolio to$5.5 billion - Portfolio generates annualized in-place cash rent of
$164 million with an annualized yield of 5.1% and an inflation-adjusted yield of 5.7% (based on theFederal Reserve's 30-year inflation expectation of 2.49%) - UCA grew by an estimated
$1.3 billion in Q1'22, bringing total UCA to an estimated$9.4 billion
"Safehold continues to expand the ground lease industry, with robust origination volume and strong earnings growth," said
The Company will host an earnings conference call reviewing this presentation beginning at
Dial-In: |
877.336.4440 |
International: |
409.207.6984 |
Access Code: |
1917847 |
A replay of the call will be archived on the Company's website. Alternatively, the replay can be accessed via dial-in from
Replay: |
866.207.1041 |
International: |
402.970.0847 |
Access Code: |
9277384 |
About Safehold:
Company Contact:
Senior Vice President
Investor Relations & Marketing
T 212.930.9400
E investors@safeholdinc.com
1 Investments in Q1 '22 include
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SOURCE Safehold