Safehold Inc reports results for the quarter ended March 31 - Earnings Summary

• Safehold Inc SAFE.N reported quarterly adjusted earnings of 44 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 43 cents. The mean expectation of eight analysts for the quarter was for earnings of 43 cents per share. Wall Street expected results to range from 40 cents to 46 cents per share.

• Revenue rose 4.8% to $97.70 million from a year ago; analysts expected $95.80 million.

• Safehold Inc's reported EPS for the quarter was 41 cents​.

• The company reported quarterly net income of $29.4 million.

• Safehold Inc shares had fallen by 16.8% this quarter and lost 15.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.3% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy," 5 "hold" and no "sell" or "strong sell." The average consensus recommendation for the diversified reits peer group is also "buy"

• Wall Street's median 12-month price target for Safehold Inc is $22.50

This summary was machine generated from LSEG data May 6 at 10:27 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)