Earnings release
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Safehold Press Release Safehold Reports Second Quarter 2021 Results NEW YORK , July 22 , 2021 Safehold Inc. ( NYSE : SAFE ) reported results for the second quarter 2021 . Highlights from the second quarter earnings announcement include : Revenue of $ 44.2 million Net income of $ 14.7 million Earnings per share of $ 0.28 $ 222 million of new ground lease investments " $ 374 million of UCA growth $ 400 million initial unsecured bond offering Launched Ground Lease Plus , a new Safehold product that meets customers ' demands earlier in the life cycle of an asset during the pre - development stage " During the second quarter , Safehold grew its portfolio by over $ 200 million , while innovatively expanding its suite of products to capture pre - development opportunities , " said Jay Sugarman , Chairman and Chief Executive Officer . " With ample liquidity on hand , a robust pipeline , and a lower cost of capital , Safehold is well positioned to continue to drive growth and deliver modern ground lease capital to a broader customer 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 reviewing this presentation beginning at 10:00 a.m. ET . This conference call will be broadcast live and can be accessed by all ( 1 ) Investments in Q2 '21 include $ 12m of forward commitments that have not yet been funded . There can be no assurance that Safehold will complete these transactions . 1114 Avenue of the Americas New York , NY 10036 T 212.930.9400 E investors@safeholdinc.com