Safehold Inc. (NYSE:SAFE) reported its third-quarter 2026 earnings results on November 3, 2026, disclosing revenue of $118.7 million and net income attributable to common shareholders of $28.8 million.

Key Highlights

  • Q3 2026 revenue: $118.7 million, as reported by the company.
  • Net income attributable to common shareholders: $28.8 million for the third quarter of 2026.
  • Earnings per share: $0.41 for Q3 2026.
  • New ground lease originations: $38 million closed in Q3 2026, including $13 million in forward commitments not yet funded, subject to certain conditions.
  • Estimated Unrealized Capital Appreciation (UCA): Increased to $9.9 billion, according to the filing.
  • Conference call: Hosted at 5:00 p.m. ET on November 3, 2026, with a replay available through 12:00 a.m. ET on November 17, 2026.

Safehold's Third-Quarter 2026 Ground Lease Results in Detail

Safehold Inc., a real estate investment trust that structures ground leases for owners of multifamily, office, industrial, hospitality, student housing, life science, and mixed-use properties, reported Q3 2026 revenue of $118.7 million. Net income attributable to common shareholders reached $28.8 million, with earnings per share of $0.41, according to the filing.

The company disclosed $38 million in new ground lease originations closed during the quarter. That figure includes $13 million in forward commitments for ground leases originated in Q3 2026 that had not yet been funded as of the announcement date. The filing noted that such funding commitments are subject to certain conditions, and that "there can be no assurances that Safehold will fully fund these transactions."

Estimated Unrealized Capital Appreciation, a metric the company tracks across its ground lease portfolio, increased to $9.9 billion. The filing directed readers to a Current Report on Form 8-K filed with the SEC on November 3, 2026, and to the Risk Factors section of the Annual Report on Form 10-K for the year ended December 31, 2025, for additional limitations and qualifications related to that figure. Chairman and Chief Executive Officer Jay Sugarman was quoted in the filing as stating that the company is "well-positioned with ample liquidity, no significant near-term maturities and an 18-year liability structure to capitalize on opportunities," while also acknowledging that "the recent rise in rates has added incremental volatility to transaction markets."

What Was Disclosed

Safehold Inc. released Q3 2026 earnings results on November 3, 2026, covering revenue of $118.7 million, net income of $28.8 million attributable to common shareholders, earnings per share of $0.41, $38 million in new ground lease originations, and an increase in Estimated Unrealized Capital Appreciation to $9.9 billion.