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Safehold Q3 revenue beats analyst expectations

By Reuters News


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

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Beat

$118.7 mln

$117.43 mln (6 Analysts)

Q3 EPS

$0.41

Q3 Net Income

$28.8 mln


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.)

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