Sector: N/A | Industry: N/A |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 1114 Avenue Of The Americas, 39Th Floor NEW YORK NY 10036 |
Tel: | 1-212-9309400 |
Website: | https://www.safeholdinc.com |
IR: | See website |
Key People | ||
Jay Scott Sugarman Chairman of the Board, Chief Executive Officer | Brett Asnas Chief Financial Officer | Garett Rosenblum Senior Vice President | Tim Doherty Chief Investment Officer |
Business Overview |
Safehold Inc. is a real estate investment trust (REIT). The Company helps owners of multifamily, office, industrial, hospitality, student housing, life science and mixed-use properties to generate higher returns. The Company operates its business through one reportable segment by acquiring, managing and capitalizing ground leases. Its primary investment objective is to construct a diversified portfolio of Ground Leases that is focused on generating attractive quality risk-adjusted returns and support stable and growing distributions to its shareholders. The Company's portfolio is comprised of Ground Leases and one master lease (relating to five hotel assets that is Company's Park Hotels Portfolio). Its portfolio of properties is located across Manhattan; Washington, District of Columbia (DC); Boston; Los Angeles; San Francisco; Denver; Honolulu; Nashville; Miami and Atlanta. |
Financial Overview |
For the fiscal year ended 31 December 2023, Safehold Inc revenues increased 30% to $352.6M. Net loss totaled $55M vs. income of $135.4M. Revenues reflect Other Income increase from $1.2M to $38.6M, Interest income from sales-type leases increase of 16% to $235.5M, Interest income - related party increase from $0K to $7.1M. Net loss reflects Impairment of Goodwill increase from $0K to $145.4M (expense). |
Employees: | 86 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $5,390M as of Dec 31, 2023 |
Annual revenue (TTM): | $352.58M as of Dec 31, 2023 |
EBITDA (TTM): | $278.59M as of Dec 31, 2023 |
Net annual income (TTM): | -$54.97M as of Dec 31, 2023 |
Free cash flow (TTM): | -$32.91M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $4,036M as of Dec 31, 2023 |
Shares outstanding: | 71,434,812 as of Mar 21, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |