Safehold Q4 revenue falls 11% to $91.9 million; full-year GAAP net income rises to $105.8 million
Safehold reported fourth-quarter 2024 results, with revenue of $91.9 million, down 11% from $103.0 million a year earlier, and GAAP earnings per share of $0.36 versus $0.58. For the full year, revenue rose 4% to $365.7 million and GAAP net income attributable to common shareholders was $105.8 million, compared with a loss of $55.0 million in 2023, a year that included a $145.4 million goodwill impairment. The mixed picture matters to shareholders because the quarterly decline and the full-year gain are driven by different factors.
Key points
- Q4 2024 revenue was $91.9 million, down 11% from $103.0 million; Q4 GAAP EPS was $0.36 versus $0.58.
- FY 2024 GAAP EPS was $1.48, compared with a loss of $0.82 in FY 2023, which included a $145.4 million goodwill impairment.
- FY 2024 EPS excluding merger, Caret-related costs, non-recurring gains and prior-period credit loss provisions was $1.57, up 8% from $1.45.
- Q4 GAAP net income fell 37% year over year, mainly because of a derivative hedge gain recorded in Q4 2023.
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 February 05, 2025.
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.