Safehold to Announce Q1 Earnings on April 30, 2023
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 29 2026
0mins
Should l Buy SAFE?
Source: seekingalpha
- Earnings Announcement: Safehold (SAFE) is set to release its Q1 earnings on April 30, 2023, after market close, with consensus EPS estimate at $0.46 (flat YoY) and revenue estimate at $98.81M (+1.1% YoY), indicating the company's efforts to maintain stable revenue.
- Performance Expectations: Over the past year, Safehold has surpassed EPS and revenue estimates 75% of the time, reflecting a degree of market confidence in its financial performance, despite recent downward revisions in estimates.
- Revision Trends: In the last three months, EPS estimates have seen one upward revision and four downward adjustments, while revenue estimates have experienced one upward revision and three downward adjustments, indicating a cautious market outlook that may affect investor confidence.
- Liquidity and Strategic Goals: Safehold currently holds a liquidity position of $1.2 billion and aims to increase ground lease volume by 2026 while expanding its affordable housing platform, demonstrating the company's strategic positioning to navigate market challenges and seize growth opportunities.
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Analyst Views on SAFE
Wall Street analysts forecast SAFE stock price to rise
5 Analyst Rating
2 Buy
3 Hold
0 Sell
Moderate Buy
Current: 15.090
Low
14.00
Averages
18.00
High
28.00
Current: 15.090
Low
14.00
Averages
18.00
High
28.00
About SAFE
Safehold Inc. is a real estate investment trust (REIT). The Company helps owners of multifamily, office, industrial, hospitality, student housing, life science and mixed-use properties to generate higher returns. The Company operates its business through one reportable segment by acquiring, managing and capitalizing ground leases. Its primary investment objective is to construct a diversified portfolio of Ground Leases that is focused on generating attractive quality risk-adjusted returns and support stable and growing distributions to its shareholders. The Company’s portfolio consists of Ground Leases and one master lease (relating to five hotel assets that it refers to as its Park Hotels Portfolio). Its portfolio of properties is located across Manhattan; Washington, District of Columbia (DC); Boston; Los Angeles; San Francisco; Denver; Honolulu; Nashville; Miami and Atlanta.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
- Transaction Overview: In Q1 2026, Safehold Inc. closed four transactions, including three ground leases and a leasehold loan, with a total commitment of $68 million, indicating the company's proactive approach to diversifying its financing despite market challenges.
- Financial Performance: The company reported GAAP revenue of $110.9 million, net income of $28.9 million, and earnings per share of $0.40 for the quarter, although net income decreased by $3.5 million year-over-year primarily due to the transition of two hotel assets, reflecting complexities in asset management.
- Share Buyback Program: Safehold initiated a $50 million stock repurchase program at the end of the previous quarter to capitalize on perceived undervaluation, which is expected to positively impact its capital structure, although it may lead to a slight increase in leverage.
- Legal Risks: The tenant at the 50th Street asset has repeatedly failed to pay property taxes, and if a resolution is not reached, the company will be forced to exercise its rights under the lease, which could negatively impact future cash flows and asset values.
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- Earnings Announcement: Safehold (SAFE) is set to release its Q1 earnings on April 30, 2023, after market close, with consensus EPS estimate at $0.46 (flat YoY) and revenue estimate at $98.81M (+1.1% YoY), indicating the company's efforts to maintain stable revenue.
- Performance Expectations: Over the past year, Safehold has surpassed EPS and revenue estimates 75% of the time, reflecting a degree of market confidence in its financial performance, despite recent downward revisions in estimates.
- Revision Trends: In the last three months, EPS estimates have seen one upward revision and four downward adjustments, while revenue estimates have experienced one upward revision and three downward adjustments, indicating a cautious market outlook that may affect investor confidence.
- Liquidity and Strategic Goals: Safehold currently holds a liquidity position of $1.2 billion and aims to increase ground lease volume by 2026 while expanding its affordable housing platform, demonstrating the company's strategic positioning to navigate market challenges and seize growth opportunities.
See More
- Earnings Release Schedule: Safehold Inc. will announce its Q1 2026 financial results after market close on April 30, 2026, providing investors with crucial financial data and operational insights.
- Conference Call Details: The company will host an earnings conference call at 5:00 p.m. ET on April 30, 2026, where it will elaborate on financial results, enhancing investor understanding of its operations.
- Live Broadcast and Replay: The conference call will be broadcast live on Safehold's website, with dial-in options available at 877.545.0523 or 973.528.0016, and a replay will be accessible from 8:00 p.m. ET on April 30 until midnight on May 14, ensuring that investors who cannot attend live can still access the information.
- Innovative Business Model: Safehold is revolutionizing real estate ownership through its modern ground lease model, enabling owners of high-quality multifamily, office, and industrial properties to achieve higher returns with lower risk, showcasing its unique value proposition in the REIT sector.
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- Quarterly Dividend Announcement: Safehold has declared a quarterly dividend of $0.177 per share, consistent with previous distributions, indicating the company's stable cash flow and profitability, which is likely to attract income-seeking investors.
- Dividend Yield: The forward yield of 4.81% reflects Safehold's attractiveness in the current market environment, potentially increasing investor interest in the company's stock.
- Shareholder Record Date: The dividend will be payable on April 15, with a record date of March 31 and an ex-dividend date also on March 31, ensuring that eligible shareholders receive their dividends promptly, thereby reinforcing shareholder confidence.
- Future Growth Plans: Safehold aims to increase ground lease volume in 2026 while expanding its affordable housing platform, demonstrating that the company is actively seeking growth and market expansion opportunities while maintaining stable dividends.
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- Dividend Announcement: Safehold Inc. has declared a common stock dividend of $0.177 per share for Q1 2026, representing an annualized rate of $0.708 per share, demonstrating the company's ability to generate stable returns for shareholders.
- Payment Timeline: The dividend is set to be paid on April 15, 2026, to shareholders of record as of March 31, 2026, ensuring eligible investors receive timely returns and bolstering investor confidence.
- Business Model: Safehold is revolutionizing real estate ownership by providing modern ground leases, enabling owners of high-quality properties to achieve higher returns with lower risk, further solidifying its leadership in the REIT sector.
- Market Positioning: As a company focused on diverse property types, Safehold aims to deliver safe, growing income and long-term capital appreciation to its shareholders, reflecting its strategic significance in the real estate market.
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- Dividend Announcement: Safehold Inc. has declared a common stock dividend of $0.177 per share for Q1 2026, representing an annualized rate of $0.708 per share, demonstrating the company's commitment to providing stable returns to shareholders.
- Payment Schedule: The dividend is set to be paid on April 15, 2026, to shareholders of record as of March 31, 2026, ensuring timely returns for investors and bolstering investor confidence.
- Company Background: Since creating the modern ground lease industry in 2017, Safehold has focused on helping owners of high-quality properties unlock land value, showcasing its leadership in the real estate investment trust (REIT) sector while minimizing risks and maximizing returns.
- Long-Term Goals: As a REIT, Safehold aims to deliver safe, growing income and long-term capital appreciation to its shareholders, reflecting its strong commitment to shareholder interests and confidence in future growth.
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