Safehold Q3 revenue beats analyst expectations

Overview

• US ground lease REIT's Q3 revenue beat analyst expectations

• Q3 EPS was $0.41; no analyst estimate provided for comparison

• Company closed $38 mln of new ground lease originations in Q3

Outlook

• Company says it is well-positioned with ample liquidity and no significant near-term maturities

Result Drivers

• GROUND LEASE ORIGINATIONS - Co closed $38 mln of new ground lease originations in Q3, including multifamily assets at what it described as attractive yields and low GLTVs

• MARKET VOLATILITY - Co said recent rise in rates has added volatility to transaction markets

Company press release:

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 7 "hold" and 1 "sell" or "strong sell"

• The average consensus recommendation for the diversified reits peer group is "buy."

• Wall Street's median 12-month price target for Safehold Inc is $15.50, about 34.2% above its November 2 closing price of $11.55

• The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 10 three months ago

Reuters Recommended Reads

• Nov 2 - Realty Income's Q3 revenue beats; raises 2026 AFFO per share outlook

• Nov 2 - Sabra Health Care REIT Q3 revenue rises year-over-year

• Nov 2 - Empire State Realty Trust raises 2026 Core FFO outlook

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)