Safehold Inc. (NYSE:SAFE) is expected to report second quarter earnings results, before market open, on Thursday 23rd July 2020.
Analysts polled by Thomson Reuters anticipate second quarter income of $ 0.29 per share.
Looking ahead, the full year income are expected at $ 1.30 per share on the revenues of $ 157.80 million.
Previous Quarter Performance
Safehold Inc. unveiled income for the first quarter of $ 0.36 per share, from the revenue of $ 40.20 million. The quarterly revenues developed 84.23 percent compared with the same quarter last year. The consensus estimates are income of $ 0.39 per share from $ 41.37 million in revenue. The bottom line results missed street analysts by $ 0.03 or 7.69 percent, at the same time, top line results fell short of analysts by $ 1.17 million or 2.83 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of SAFE was $ 53.78, representing a 102.10 % increase from the 52 week low of $ 26.61 and a 19.95 % decrease over the 52 week high of $ 67.18.
The company has a market capital of $ 2.74 billion and is part of the Real Estate sector and REIT—Diversified industry.
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Recent Analyst recommendations
On 30th June 2020, initiated by Berenberg Bank at Buy rating, with $ 80.00 target price.
Conference Call
Safehold Inc. will be hosting a conference call at 10:00 AM eastern time on 23rd July 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.safeholdinc.com
Safehold Inc. (NYSE: SAFE) is revolutionizing real estate ownership by providing a new and better way for owners to unlock the value of the land beneath their buildings. Through its modern ground lease capital solution, Safehold helps owners of high quality multifamily, office, industrial, hospitality and mixed-use properties in major markets throughout the United States generate higher returns with less risk.
