Benzinga | Oct 22, 2020 07:57AM EDT

Safehold: Q3 Earnings Insights

Shares of Safehold (NYSE:SAFE) traded flat in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share rose 86.67% year over year to $0.28, which were in line with the estimate of $0.28.

Revenue of $38,000,000 higher by 70.33% from the same period last year, which missed the estimate of $38,430,000.

Guidance

Safehold hasn't issued any earnings guidance for the time being.

Revenue guidance hasn't been issued by the company for now.

Conference Call Details

Date: Oct 22, 2020

Time: 10:00 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/o5jn542n

Recent Stock Performance

52-week high: $67.31

52-week low: $31.83

Price action over last quarter: Up 35.03%

Company Overview

Safehold Inc is a real estate company. It is formed primarily to acquire, own, manage, finance and capitalize ground net leases (GNLs). GNLs generally represent ownership of the land underlying commercial real estate projects that is net leased by the fee owner of the land to the owners/operators of the real estate projects built thereon. The company has a diverse initial portfolio that is comprised of over 34 properties located in major metropolitan areas that were acquired or originated by iStar.