Safehold Q1 revenue rises 5% to $97.7 million; GAAP EPS falls to $0.41
Safehold reported first-quarter 2025 results for the period ended March 31, 2025. Revenue rose 5% year over year to $97.7 million, but GAAP net income attributable to common shareholders fell 4% to $29.4 million, or $0.41 per share, from $0.43 a year earlier, after a $1.9 million non-recurring loss from writing off a preferred equity position in a leasehold joint venture. Excluding that loss, EPS was $0.44, up about $0.01.
Key points
- Q1 2025 revenue: $97.7 million, up from $93.2 million in Q1 2024 (up 5%).
- GAAP EPS: $0.41 versus $0.43 a year earlier (down 5%); net income attributable to common shareholders was $29.4 million versus $30.7 million.
- Excluding a $1.9 million non-recurring loss, EPS was $0.44 versus $0.43 (up 1%).
- Filing states Q1 2025 is as of March 31, 2025; the earnings release and presentation are furnished as Exhibits 99.1 and 99.2 and are not deemed filed under Section 18.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 2:07 AM ET, from the text of the filing and its press-release exhibits 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 May 06, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.