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EX-99.2 - EXHIBIT 99.2 - Safehold Inc. | safeq118earningspresenta.htm |
8-K - 8-K - Safehold Inc. | safe-03312018xpr8xk.htm |
1114 Avenue of the Americas
New York, NY 10036
T 212.930.9400
investors@safetyincomegrowth.com
Press Release
Safety, Income & Growth Reports First Quarter
2018 Results
NEW YORK, April 26, 2018
Safety, Income & Growth Inc. (NYSE: SAFE) today reported results for the first quarter
ended March 31, 2018. Highlights for the quarter include:
— Net income of $3.7 million or $0.20 per share
— Funds from Operations (FFO) of $6.0 million or $0.33 per share
— Adjusted Funds from Operations (AFFO) of $5.5 million or $0.30 per share
— Received $3.3 million of Park Hotels percentage rent, an increase of 11% over
the prior-year period
— Closed 3 ground lease deals totaling $91 million
— Portfolio increased 18% during the quarter to $588 million
— Value Bank increased 21% during the quarter to $1.2B
— $81 million of additional deals under LOI
SAFE published a presentation detailing these results and a reconciliation of its non-
GAAP financial metrics, which can be found on its website,
www.safetyincomegrowth.com, in the “Investor Relations” section.
The Company will host an earnings conference call reviewing this presentation beginning
at 10:00 a.m. ET today. This conference call can be accessed by all interested parties on the
website (listen only) or by dialing toll-free (866) 393-4306 (U.S. domestic) or (734) 385-2616
(international) using conference ID: 5688969.
For those who are not able to listen to the live broadcast, a replay will be available shortly
after the call on the website or by dialing (855) 859-2056 (international toll free) using the
conference ID: 5688969.
The Company will host its Annual Meeting of Shareholders at the Harvard Club of New
York City on the 2nd Floor in the Gordon Reading Room on Wednesday, May 9, 2018 at
9:00 a.m. ET. The address is 35 West 44th Street, New York, New York 10036. All
shareholders are cordially invited to attend.
Safety, Income & Growth Inc. (NYSE: SAFE) is the first publicly traded company that
focuses on acquiring, owning, managing and capitalizing ground leases. The Company
seeks to provide safe, growing income and capital appreciation to shareholders by
building a diversified portfolio of high quality ground leases. The Company, which is
taxed as a real estate investment trust (REIT), is managed by its largest shareholder, iStar
Inc. Additional information on SAFE is available on its website at
www.safetyincomegrowth.com.
Company Contact:
Jason Fooks, Vice President of Investor Relations & Marketing