The earnings call highlighted strong origination activity and increased customer engagement, particularly in the multifamily sector. However, the sentiment was tempered by challenging market conditions and a decline in GAAP earnings due to increased provisions for credit losses. The potential impact from Park Hotels' non-renewal adds further uncertainty.

Company Guidance -

Q3 2025

During Safehold's Second Quarter 2025 Earnings Conference Call, the company provided comprehensive updates on their financial performance and strategic initiatives. New origination activity for the quarter amounted to approximately $220 million, comprising four ground leases totaling $123 million and three leasehold loans of $97 million, with markets including Boston, San Diego, Salt Lake City, and the Space Coast of Florida. The portfolio's credit metrics were robust, with a Ground Lease-to-Value (GLTV) ratio of 33%, rent coverage of 3.2x, and an economic yield of 7.2%. The total portfolio was valued at $6.9 billion, with Unrealized Capital Appreciation (UCA) estimated at $9.1 billion, marking a $200 million increase from the previous quarter. Safehold ended the quarter with approximately $1.2 billion in liquidity and a total debt of $4.8 billion, with a weighted average debt maturity of 19 years. The company maintained strong ratings from Moody's, Fitch, and S&P, reflecting its strategic hedging and capital management practices.

Strong Origination Activity

During the quarter, new origination activity was approximately $220 million, including 4 ground leases for $123 million and 3 leasehold loans for $97 million. The pace of signed LOIs has steadily increased and currently sits at its highest level since 2022.

Increased Multifamily Exposure

The company increased its exposure to multifamily ground leases, now representing 58% of the portfolio, up from 8% at IPO.

Positive Customer Engagement

Added 4 new customers to the platform, with approximately 40% of existing customers having done repeat business.

Strong Balance Sheet Position

Ended the quarter with approximately $1.2 billion of liquidity and no corporate maturities due until 2027.

Safehold (SAFE) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

SAFE Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 04, 2025	2025 (Q3)	0.39 / -	0.37	―	―	―
Aug 05, 2025	2025 (Q2)	0.40 / 0.39	0.41	-4.88% (-0.02)
May 06, 2025	2025 (Q1)	0.42 / 0.44	0.43	2.33% (+0.01)
Feb 05, 2025	2024 (Q4)	0.37 / 0.36	0.36	0.00% (0.00)
Oct 28, 2024	2024 (Q3)	0.37 / 0.37	0.33	12.12% (+0.04)
Jul 29, 2024	2024 (Q2)	0.37 / 0.41	0.35	17.14% (+0.06)
May 06, 2024	2024 (Q1)	0.40 / 0.43	0.438	-1.83% (>-0.01)
Feb 12, 2024	2023 (Q4)	0.35 / 0.36	-3.353	110.74% (+3.71)
Oct 31, 2023	2023 (Q3)	0.34 / 0.33	0.936	-64.74% (-0.61)
Aug 01, 2023	2023 (Q2)	0.35 / 0.35	-1.192	129.36% (+1.54)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

SAFE Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 05, 2025	$14.25	$14.07	-1.26%
May 06, 2025	$15.18	$15.78	+3.95%
Feb 05, 2025	$16.20	$17.49	+7.96%
Oct 28, 2024	$22.81	$21.80	-4.43%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Safehold (SAFE) report earnings?

Safehold (SAFE) is schdueled to report earning on Nov 04, 2025, After Close (Confirmed).

What is Safehold (SAFE) earnings time?

Safehold (SAFE) earnings time is at Nov 04, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is SAFE EPS forecast?

SAFE EPS forecast for the fiscal quarter 2025 (Q3) is 0.39.

Become an Expert with TipRanks Premium

What am I Missing?

Make informed decisions based on Top Analysts' activity

Know what industry insiders are buying

Get actionable alerts from top Wall Street Analysts

Find out before anyone else which stock is going to shoot up

Get powerful stock screeners & detailed portfolio analysis

Subscribe Now See Plans & Pricing