Terceiro trimestre reporta crescimento de 3 vezes na renda bruta
New York-based company, Safehold Inc. (NYSE: SAFE) operates as a real estate company. Safeholds major focus is on acquiring, managing, and capitalizing ground leases. The company recently released its earnings report for the Q3 of 2023. Safehold has made a positive growth of 167% for the first time in 2 years. The revenue recorded was $85.56 Million while the gross income grew more than 10 folds. For instance, Quarter 2 gross income was $8 Million as compared to the current one of $82 Million. Operating Income Still Negative Despite Safehold‘s efforts, their selling and general expenditures resulted in negative operating income once again. Now, looking at the balance sheet, Safehold’s debt-to-equity ratio is 1.77. This shows that the company has 1.7 times debt upon its reserves and share capital. Considering the nature of the industry, high debt among the peer companies is common as the real estate sector is capital intensive. SAFE stock is one of the few stocks that were not affected by the COVID-19 pandemic. Although looking through the history pages, one can see a lot of volatility during the end of March 2020. Despite the high volatility, the uptrend continued in the SAFE stock price. However, this bullish rally stopped soon