Safehold Q3 revenue rises 6% to $90.7 million; GAAP EPS $0.27 vs. prior-year loss
Safehold reported third quarter 2024 revenue of $90.7 million, up 6% from $85.6 million a year earlier, and GAAP net income attributable to common shareholders of $19.3 million, or $0.27 per share. The prior-year quarter included a $145.4 million goodwill impairment, which accounts for most of the year-over-year swing. The company also recorded a $7.5 million non-cash credit loss provision, of which $6.8 million relates to prior periods; excluding merger, Caret and provision items, EPS was $0.37, up 11% from $0.33.
Key points
- Q3 2024 revenue $90.7 million vs. $85.6 million in Q3 2023 (up 6%)
- GAAP EPS $0.27 vs. a loss of $1.81 in Q3 2023; non-GAAP EPS $0.37 vs. $0.33
- $7.5 million non-cash general provision for credit losses, $6.8 million on prior period balances
- Closed $104 million of new originations and bought a joint venture partner's interest for $69 million
The filing
Written by AI on Nov 8, 2026, 2:07 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 28, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.