NEW YORK (AP) — NEW YORK (AP) — Safehold Inc. (SAFE) on Monday reported first-quarter net income of $30.7 million.

On a per-share basis, the New York-based company said it had profit of 43 cents.

The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 39 cents per share.

The commercial real estate finance company posted revenue of $93.2 million in the period, also surpassing Street forecasts. Six analysts surveyed by Zacks expected $90 million.

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