Safehold Reports Slight Q1 Beat
<p><a href='https://financialmodelingprep.com/financial-summary/SAFE'>Safehold Inc. (NYSE: SAFE) </a>reported its Q1 results last week, with EPS of $0.43 coming in slightly better than the consensus estimate of $0.42. Revenue was $60.4 million, compared to the consensus estimate of $58.78 million.</p>
<p>Analysts at Berenberg Bank provided their views on the company following the earnings report, mentioning that it was further supportive of their buy thesis.</p>
<p>Among the key highlights of the quarter, the analysts mentioned solid origination volume and pipeline, as well as the articulation of the inflation protection built within the portfolio. </p>
<p>While the analysts lowered their estimates in response to higher interest rates and operating expenses, the company’s shares are trading at a substantial discount to their price target of $98 (reduced from $110). The analysts now expect $0.54/$0.56 for 2022/2023 AFFO, compared to prior estimates of $0.63/$0.74.</p>

NYSE:, SAFE