Safehold Q2 revenue rises 4% to $93.8 million; GAAP EPS falls to $0.39
Safehold reported results for the quarter ended June 30, 2025, in an earnings release and presentation published August 5, 2025. Revenue rose 4% from a year earlier to $93.8 million, but GAAP earnings per share fell 6% to $0.39, which the company attributed mainly to a $1.7 million increase in non-cash general provisions for credit losses. For shareholders, higher revenue was offset by lower per-share earnings.
Key points
- Total revenue was $93.8 million, up from $89.9 million in Q2 2024.
- GAAP EPS was $0.39, down from $0.42; net income attributable to common shareholders was $27.9 million, down from $29.7 million.
- Non-cash general provision for credit losses was $2.4 million in Q2 2025, compared with $0.6 million in Q2 2024.
- Q2 2025 originations totaled $220 million: four new ground leases for $123 million and three new leasehold loans for $97 million.
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 August 05, 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.