SAFE beat EPS expectations by 8.38%
Aug 02, 2024, 6:36 AM
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What does SAFE do
Safehold Inc., headquartered in New York City and managed by iStar Inc., specializes in acquiring and managing ground leases to construct a diversified portfolio aimed at delivering high-quality, risk-adjusted returns and stable shareholder distributions. The company, which went public in 2017, employs 118 people and its portfolio includes properties like 425 Park Avenue and Park Hotels Portfolio, with leases providing for periodic rent increases.
Safehold (SAFE) reported a positive EPS surprise in its most recent quarterly earnings. For the most recent quarter, Safehold's actual EPS was $0.41, beating the estimate of $0.38 per share, resulting in a 8.38% surprise.
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