Safehold Inc. (NYSE:SAFE) is set to announce third quarter earning results on Thursday 22nd October 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, SAFE to report 3Q20 income of $ 0.28 per share.
For the full year, analysts anticipate top line of $ 154.81 million, while looking forward to income of $ 1.17 per share bottom line.
Previous Quarter Performance
Safehold Inc. communicated income for the second quarter of $ 0.24 per share, from the revenue of $ 37.40 million. The quarterly earnings 33.33 percent while revenues swell 91.30 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.29 per share from $ 37.73 million in revenue. The bottom line results missed street analysts by $ 0.05 or 17.24 percent, at the same time, top line results fell short of analysts by $ 0.33 million or 0.87 percent.
Stock Performance
Shares of Safehold Inc. traded low $ -0.42 or -0.64 percent on Wednesday, reaching $ 65.34 with volume of 43.40 thousand shares. The stock opened positive for the day at $ 65.95, after closing the previous day trading at $ 65.76.
According to the previous trading day, closing price of $ 65.76, representing a 106.60 % increase from the 52 week low of $ 31.83 and a 2.3 % decrease over the 52 week high of $ 67.31.
The company has a market capital of $ 3.34 billion and is part of the Real Estate sector and REIT—Diversified industry.
Conference Call
Safehold Inc. will be hosting a conference call at 10:00 AM eastern time on 22nd October 2020, to discuss its 3Q20 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.
