Safehold Reports Fiscal Year and Fourth Quarter 2019 Results
February 13 2020 - 7:30AM
Business Wire
Safehold Inc. (NYSE: SAFE) reported results for the fiscal year
and fourth quarter 2019.
Safehold highlights include:
- Revenue for full-year 2019 of $93.4 million, an 88% increase
year-over-year
- Net income for full-year 2019 of $27.7 million, a 136% increase
year-over-year
- Earnings per share for full-year 2019 of $0.89, a 39% increase
year-over-year
- Portfolio growth of 187% for the year, to $2.7 billion
- Appointment of Jeremy Fox-Geen as new Chief Financial
Officer
“2019 was a transformational year for Safehold,” said Jay
Sugarman, Chairman and Chief Executive Officer. “Our modern,
value-enhancing ground lease solution is delivering significant
benefits to our growing customer base and significant value to our
expanding shareholder base.”
SAFE published a presentation detailing these results which can
be found on its website, www.safeholdinc.com in the “Investor
Relations” section.
The Company will host an earnings conference call beginning at
10:00am ET. This conference call can be assessed by all interested
parties through the website (listen only) or by dialing toll-free
877.692.8957 (U.S. domestic) or 234.720.6980 (international) using
conference ID: 2256049.
About Safehold:
Safehold Inc. (NYSE: SAFE) is revolutionizing real estate
ownership by providing a new and better way for owners to unlock
the value of the land beneath their buildings. Through its modern
ground lease capital solution, Safehold helps owners of high
quality multifamily, office, industrial, hospitality and mixed-use
properties in major markets throughout the United States generate
higher returns with less risk. The Company, which is taxed as a
real estate investment trust (REIT) and is managed by its largest
shareholder, iStar Inc., seeks to deliver safe, growing income and
long-term capital appreciation to its shareholders. Additional
information on Safehold is available on its website at
www.safeholdinc.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20200213005131/en/
Company: Jason Fooks, Senior Vice President of Investor
Relations & Marketing investors@safeholdinc.com
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