Safehold Reports Fourth Quarter and Fiscal Year 2021 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:
- Q4 '21 revenue was
$52.0 million , a 30% increase year-over-year - Q4 '21 net income was
$21.3 million , a 39% increase year-over-year - Q4 '21 earnings per share were
$0.38 , a 29% increase year-over-year - Closed a record 17 ground leases totaling
$777 million 1 in Q4 '21, bringing the total portfolio to 106 ground leases with an aggregate gross book value of$4.8 billion - UCA grew by an estimated
$1.4 billion in Q4 '21, bringing total UCA to an estimated$8.1 billion - Upsized target portfolio guidance to
$7.5 billion byDecember 31, 2023 , up from previous target of$6.4 billion - Subsequent to the end of the quarter, a subsidiary of SAFE sold and received commitments to purchase 1.37% of the total authorized Caret Units at a valuation of
$1.75 billion 2
"With strong earnings, increased investment guidance and the initial sale of Caret Units, Safehold is poised to begin the next phase in its development of the modern ground lease industry. We expect to deliver even more benefits to customers and investors as our business grows and expands," 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: |
1185612 |
About Safehold:
Company Contact:
Senior Vice President
Investor Relations & Marketing
T 212.930.9400
E investors@safeholdinc.com
1 Investments in Q4 '21 include
2 Additional information regarding the transaction may be found in Safehold's Q4 '21 Earnings Presentation published on its website and furnished on Form 8-K filed with the
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SOURCE Safehold