{"id":809382,"date":"2025-02-05T16:23:13","date_gmt":"2025-02-05T21:23:13","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/safehold-reports-fourth-quarter-and-fiscal-year-2024-results\/"},"modified":"2025-02-05T16:23:13","modified_gmt":"2025-02-05T21:23:13","slug":"safehold-reports-fourth-quarter-and-fiscal-year-2024-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/safehold-reports-fourth-quarter-and-fiscal-year-2024-results\/","title":{"rendered":"Safehold Reports Fourth Quarter and Fiscal Year 2024 Results"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"legendSpanClass\"><br \/>\n          <span class=\"xn-location\">NEW YORK<\/span><br \/>\n        <\/span>, <span class=\"legendSpanClass\"><span class=\"xn-chron\">Feb. 5, 2025<\/span><\/span> \/PRNewswire\/ &#8212; Safehold Inc. (NYSE: SAFE) reported results for the fourth quarter and fiscal year ended <span class=\"xn-chron\">December 31, 2024<\/span>.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/2039387\/Safehold__Carbon_Logo.html\" target=\"_blank\" rel=\"nofollow\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/2039387\/Safehold__Carbon_Logo.jpg\" title=\"(PRNewsfoto\/Safehold)\" alt=\"(PRNewsfoto\/Safehold)\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>SAFE published a presentation detailing these results which can be found on its website, <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4356142-1&amp;h=1995310215&amp;u=http%3A%2F%2Fwww.safeholdinc.com%2F&amp;a=www.safeholdinc.com\" target=\"_blank\" rel=\"nofollow\">www.safeholdinc.com<\/a>\u00a0in the &#8220;Investors&#8221; section.<\/p>\n<p>Highlights from the earnings announcement include:<\/p>\n<ul type=\"disc\">\n<li>Q4&#8217;24 revenue was <span class=\"xn-money\">$91.9 million<\/span>, and FY&#8217;24 was <span class=\"xn-money\">$365.7 million<\/span><\/li>\n<li>Q4&#8217;24 net income attributable to common shareholders was <span class=\"xn-money\">$26.0 million<\/span>, and FY&#8217;24 net income attributable to common shareholders was <span class=\"xn-money\">$105.8 million<\/span>, or <span class=\"xn-money\">$112.0 million<\/span> excluding the portion of the year&#8217;s non-cash general provision for credit losses on prior period balances and adjustments to non-controlling interests<sup>1<\/sup>\u00a0<\/li>\n<li>Q4&#8217;24 earnings per share was <span class=\"xn-money\">$0.36<\/span>, and FY&#8217;24 earnings per share was <span class=\"xn-money\">$1.48<\/span>, or <span class=\"xn-money\">$1.57<\/span> excluding the portion of the year&#8217;s non-cash general provision for credit losses on prior period balances and adjustments to non-controlling interests<sup>1<\/sup><\/li>\n<li>Announcement of a new <span class=\"xn-money\">$50 million<\/span> share repurchase program authorization<\/li>\n<li>2024 Highlights Include:\n<ul type=\"disc\">\n<li><u>Investments:<\/u><span class=\"xn-money\">$225 million<\/span><sup>2<\/sup> of new originations in 2024, including ten new ground leases for <span class=\"xn-money\">$193 million<\/span><sup>2<\/sup> and one leasehold loan for <span class=\"xn-money\">$32 million<\/span><sup>2<\/sup>, bringing total aggregate portfolio to <span class=\"xn-money\">$6.8 billion<\/span><\/li>\n<li><u>Credit:<\/u>\u00a0Received credit ratings upgrade to A- from Fitch Ratings and received an initial credit rating of BBB+ with a Positive Outlook from S&amp;P Global Ratings<\/li>\n<li><u>Capital:<\/u>\u00a0Issued an aggregate <span class=\"xn-money\">$700 million<\/span> of long-term unsecured notes and closed new <span class=\"xn-money\">$2.0 billion<\/span> unsecured revolving credit facility<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>The Company&#8217;s Board of Directors has authorized the repurchase of up to <span class=\"xn-money\">$50 million<\/span> of the Company&#8217;s common stock. These repurchases may be made from time to time in the open market, in privately negotiated transactions, or otherwise, including pursuant to a Rule 10b5-1 plan, at prices that the Company deems appropriate and subject to market conditions, applicable law and other factors deemed relevant in the Company&#8217;s sole discretion. The share repurchase authorization does not obligate the Company to repurchase any dollar amount or number of shares of common stock, and may be suspended or discontinued at any time.<\/p>\n<p>&#8220;This was an important foundation building year for Safehold,&#8221; said <span class=\"xn-person\">Jay Sugarman<\/span>, Chairman and Chief Executive Officer. &#8220;We increased earnings and liquidity, received multiple positive credit outcomes including our second &#8216;A&#8217; rating, and established a valuable and growing affordable housing vertical. We believe our balance sheet and scale have solidified our position as the market leader in the ground lease sector, and we look forward to putting capital to work to serve our customers and create value for shareholders.&#8221;\u00a0\u00a0\u00a0<\/p>\n<p>The Company will host an earnings conference call reviewing this presentation beginning at 9:00 a.m. ET on <span class=\"xn-chron\">Thursday, February 6, 2025<\/span>. This conference call will be broadcast live and can be accessed by all interested parties through Safehold&#8217;s website in the &#8220;Investors&#8221; section, and by using the dial-in information listed below:<\/p>\n<div>\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"1\" class=\"prnbcc\">\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">Dial-In:<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">888.506.0062<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">International:<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">973.528.0011<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">Access Code:<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">242780<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n<p>A replay of the call will be archived on the Company&#8217;s website. Alternatively, the replay can be accessed via dial-in from <span class=\"xn-chron\">2:00 p.m. ET<\/span> on <span class=\"xn-chron\">February 6, 2025<\/span> through <span class=\"xn-chron\">12:00 a.m. ET<\/span> on <span class=\"xn-chron\">February 20, 2025<\/span> by calling:<\/p>\n<div>\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"1\" class=\"prnbcc\">\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">Replay:<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">877.481.4010<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">International:<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">919.882.2331<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">Access Code:<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">51963<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n<p>Non-GAAP Financial Measures:<\/p>\n<p>Net income attributable to Safehold Inc. common shareholders excluding general provision for credit losses on prior period balances and adjustments to non-controlling interests, and EPS excluding general provision for credit losses on prior period balances and adjustments to non-controlling interests, are non-GAAP measures used as supplemental performance measures to give management and investors a view of net income and EPS more directly derived from operating activities in the period in which they occur. These metrics should be examined in conjunction with net income attributable to common shareholders as shown in our consolidated statements of operations. EPS excluding general provision for credit losses on prior period balances and adjustments to non-controlling interests is calculated as net income attributable to Safehold Inc. common shareholders excluding general provision for credit losses on prior period balances and adjustments to non-controlling interests, divided by the weighted average number of common shares. These metrics should not be considered as alternatives to net income attributable to common shareholders or EPS, respectively (in each case determined in accordance with generally accepted accounting principles in <span class=\"xn-location\">the United States of America<\/span> (&#8220;GAAP&#8221;)). These measures may differ from similarly-titled measures used by other companies. Reconciliations of these non-GAAP financial measures to their most directly comparable GAAP financial measures are presented below.<\/p>\n<div>\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"1\" class=\"prnbcc\">\n<tr>\n<td class=\"prngen4\" colspan=\"3\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">Earnings Reconciliation (all figures in thousands except per share figures)<sup>1<\/sup><\/span>\n              <\/p>\n<\/td>\n<td class=\"prnpr2 prnpl2 prnvab prntac prnsbtb1 prnrbrb1 prnbbbs prnsblb1\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">Q4&#8217;24\u00a0<\/span>\n              <\/p>\n<\/td>\n<td class=\"prnpr2 prnpl2 prnvab prntac prnbbbs\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">FY&#8217;24<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"3\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">Net income (loss) attributable to Safehold Inc. common shareholders<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">$26,039<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">$105,763<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"3\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">Add: General provision for credit losses on prior period balances<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">&#8211;<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">6,804<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"3\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">Less: Impact of adjustments to non-controlling interests<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">&#8211;<\/span>\n              <\/p>\n<\/td>\n<td class=\"prnpr2 prnpl2 prnvab prntar prnsbtb1 prnrbrb1 prnsbbb1 prnsblb1\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">(576)<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prnpr2 prnpl2 prnvab prncbts prnrbrb1 prnsbbb1 prnsblb1\" colspan=\"3\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">Net income excluding general provision for credit losses on prior period balances and adjustments to non-controlling interests<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen10\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">$26,039<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen10\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">$111,991<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"3\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">Weighted average number of common shares \u2013 basic<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">71,438<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">71,370<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\" colspan=\"3\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">Weighted average number of common shares \u2013 diluted <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen11\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">71,561<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen11\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">71,451<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"3\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">EPS excluding general provision for credit losses on prior period balances and adjustments to non-controlling interests (basic &amp; diluted)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">$0.36<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">$1.57<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n              \n            <\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n              \n            <\/td>\n<td class=\"prngen7\" colspan=\"3\" rowspan=\"1\" nowrap=\"nowrap\">\n              \n            <\/td>\n<\/tr>\n<\/table><\/div>\n<div>\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"1\" class=\"prnbcc\">\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\"><br \/>\n                  <sup>1 <\/sup>All numbers net of impact attributable to noncontrolling interests.<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n<p>\n        <i>About Safehold:<\/p>\n<p><\/i>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. Having created the modern ground lease industry in 2017, Safehold continues to help owners of high quality multifamily, office, industrial, hospitality, student housing, life science and mixed-use properties generate higher returns with less risk. The Company, which is taxed as a real estate investment trust (REIT), seeks to deliver safe, growing income and long-term capital appreciation to its shareholders. Additional information on Safehold is available on its website at <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4356142-1&amp;h=1995310215&amp;u=http%3A%2F%2Fwww.safeholdinc.com%2F&amp;a=www.safeholdinc.com\" target=\"_blank\" rel=\"nofollow\">www.safeholdinc.com<\/a>.<\/p>\n<p>Company Contact: <br \/><b><span class=\"xn-person\">Pearse Hoffmann<\/span><\/b><br \/>Senior Vice President<br \/>Capital Markets &amp; Investor Relations<br \/>T 212.930.9400<br \/>E <a href=\"mailto:investors@safeholdinc.com\" target=\"_blank\" rel=\"nofollow\">investors@safeholdinc.com<\/a>\u00a0<\/p>\n<p>\n        <sup>1<\/sup> The Company enhanced its non-cash general provision for credit losses methodology in Q3&#8217;24 and applied the updated methodology to prior period balances in accordance with GAAP. Of the year&#8217;s <span class=\"xn-money\">$9.8 million<\/span> total non-cash general provision for credit losses expense, <span class=\"xn-money\">$6.8 million<\/span> represents the expense related to prior period balances. Impact of adjustments to non-controlling interests was <span class=\"xn-money\">$0.6 million<\/span> in FY&#8217;24. See the Company&#8217;s Annual Report on Form 10-K for the year ended <span class=\"xn-chron\">December 31, 2024<\/span>, to be filed on or around <span class=\"xn-chron\">February 6, 2025<\/span>, for additional information.<br \/><sup>2<\/sup><span class=\"xn-money\">$193 million<\/span> ground lease investments includes <span class=\"xn-money\">$45 million<\/span> of forward commitments that have not yet been funded as of 12\/31\/24. <span class=\"xn-money\">$32 million<\/span> leasehold loan was unfunded as of 12\/31\/24. There can be no assurance that Safehold will fully fund these transactions.<\/p>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=NY12530&amp;sd=2025-02-05\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"https:\/\/www.prnewswire.com\/news-releases\/safehold-reports-fourth-quarter-and-fiscal-year-2024-results-302369243.html\" target=\"_blank\">https:\/\/www.prnewswire.com\/news-releases\/safehold-reports-fourth-quarter-and-fiscal-year-2024-results-302369243.html<\/a><\/p>\n<p>SOURCE  Safehold<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=NY12530&amp;Transmission_Id=202502051605PR_NEWS_USPR_____NY12530&amp;DateId=20250205\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire NEW YORK , Feb. 5, 2025 \/PRNewswire\/ &#8212; Safehold Inc. (NYSE: SAFE) reported results for the fourth quarter and fiscal year ended December 31, 2024. SAFE published a presentation detailing these results which can be found on its website, www.safeholdinc.com\u00a0in the &#8220;Investors&#8221; section. Highlights from the earnings announcement include: Q4&#8217;24 revenue was $91.9 million, and FY&#8217;24 was $365.7 million Q4&#8217;24 net income attributable to common shareholders was $26.0 million, and FY&#8217;24 net income attributable to common shareholders was $105.8 million, or $112.0 million excluding the portion of the year&#8217;s non-cash general provision for credit losses on prior period balances and adjustments to non-controlling interests1\u00a0 Q4&#8217;24 earnings per share was $0.36, and FY&#8217;24 earnings per share was $1.48, or &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/safehold-reports-fourth-quarter-and-fiscal-year-2024-results\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Safehold Reports Fourth Quarter and Fiscal Year 2024 Results&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-809382","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Safehold Reports Fourth Quarter and Fiscal Year 2024 Results - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/safehold-reports-fourth-quarter-and-fiscal-year-2024-results\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Safehold Reports Fourth Quarter and Fiscal Year 2024 Results - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire NEW YORK , Feb. 5, 2025 \/PRNewswire\/ &#8212; Safehold Inc. (NYSE: SAFE) reported results for the fourth quarter and fiscal year ended December 31, 2024. SAFE published a presentation detailing these results which can be found on its website, www.safeholdinc.com\u00a0in the &#8220;Investors&#8221; section. Highlights from the earnings announcement include: Q4&#8217;24 revenue was $91.9 million, and FY&#8217;24 was $365.7 million Q4&#8217;24 net income attributable to common shareholders was $26.0 million, and FY&#8217;24 net income attributable to common shareholders was $105.8 million, or $112.0 million excluding the portion of the year&#8217;s non-cash general provision for credit losses on prior period balances and adjustments to non-controlling interests1\u00a0 Q4&#8217;24 earnings per share was $0.36, and FY&#8217;24 earnings per share was $1.48, or &hellip; Continue reading &quot;Safehold Reports Fourth Quarter and Fiscal Year 2024 Results&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/safehold-reports-fourth-quarter-and-fiscal-year-2024-results\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-02-05T21:23:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mma.prnewswire.com\/media\/2039387\/Safehold__Carbon_Logo.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/safehold-reports-fourth-quarter-and-fiscal-year-2024-results\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/safehold-reports-fourth-quarter-and-fiscal-year-2024-results\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Safehold Reports Fourth Quarter and Fiscal Year 2024 Results\",\"datePublished\":\"2025-02-05T21:23:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/safehold-reports-fourth-quarter-and-fiscal-year-2024-results\\\/\"},\"wordCount\":1055,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/safehold-reports-fourth-quarter-and-fiscal-year-2024-results\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mma.prnewswire.com\\\/media\\\/2039387\\\/Safehold__Carbon_Logo.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/safehold-reports-fourth-quarter-and-fiscal-year-2024-results\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/safehold-reports-fourth-quarter-and-fiscal-year-2024-results\\\/\",\"name\":\"Safehold Reports Fourth Quarter and Fiscal Year 2024 Results - 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(NYSE: SAFE) reported results for the fourth quarter and fiscal year ended December 31, 2024. SAFE published a presentation detailing these results which can be found on its website, www.safeholdinc.com\u00a0in the &#8220;Investors&#8221; section. 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