Safehold Reports Second Quarter 2019 Results
Increases Full-Year Investment Target to
Highlights for the quarter include:
- Net income of
$5.9 million , a 237% increase year-over-year - Earnings per share of
$0.18 , an 88% increase year-over-year - Revenues of
$19.7M , a 70% increase year-over-year - New investment commitments totaled
$186 million with$43M closed this quarter - Subsequent to the end of the quarter, increased revolving credit facility commitments by
$100M and extended w.a. debt maturity to 23 years
“We have increased our 2019 investment target by 33%, reflecting increased deal flow and expected investment levels during the second half of the year,” said
SAFE published a presentation detailing these results which can be found on its new website, www.safeholdinc.com in the “Investor Relations” section.
The Company will host an earnings conference call 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: 9345669.
About Safehold:
View source version on businesswire.com: https://www.businesswire.com/news/home/20190726005046/en/
Source:
Jason Fooks, Senior Vice President of Investor Relations & Marketing
212.930.9400
investors@safeholdinc.com