Safehold FY26 Q2 GAAP net income rises 8% to $30.2 million; revenue increases 22% to $114.6 million
SAFE•Safehold reports higher Q2 revenue and net income
- Safehold posted Q2 2026 revenue of $114.6 million, up 22% year over year.
- Net income attributable to common shareholders rose 8% to $30.2 million; GAAP EPS increased 8% to $0.42.
- Closed $150 million of new originations across seven multifamily ground leases, with a 7.4% economic yield and 35% GLTV.
- Formed a $348 million Brookfield joint venture on a seven-asset portfolio with about $14 million annualized ground rent, implying a 4.1% cap rate.
- Issued $225 million of 30-year unsecured notes with a 4.0% starting cash coupon; effective yield was 5.83% net of about $30 million realized hedge gains.
