Core Viewpoint - The analysis of Safe Bulkers (NYSE: SB) indicates a potential investment opportunity, with a preference for pairing common stock with C/D preferred shares, reflecting a positive outlook on the company's future performance [1]. Company Analysis - The last coverage of Safe Bulkers occurred over four years ago, in June 2021, suggesting a long-term interest in the company's performance and market position [1]. - The analyst expresses a belief in the future of Bitcoin, indicating a broader investment philosophy that may influence views on Safe Bulkers and related sectors [1]. Investment Strategy - The recommendation includes a strategy of pairing common stock with preferred shares, which may provide a more balanced risk-reward profile for investors [1].

Group 1 - The last analysis of Safe Bulkers occurred over four years ago, in June 2021, where the common stock was considered a viable option, but preferred shares were favored [1] - The author expresses a belief in the future of Bitcoin, indicating a broader interest in emerging investment opportunities [1] Group 2 - No current stock, option, or derivative positions in any mentioned companies are held by the author, nor are there plans to initiate any within the next 72 hours [2] - The article reflects the author's personal opinions and is not influenced by compensation from any company [2]

Core Points - Safe Bulkers, Inc. announced the election of three Class II directors at its annual meeting of stockholders held in Monaco [1] - The elected directors are Dr. Loukas Barmparis, Marina Hajioannou, and Christos Megalou, who will serve until the annual meeting in 2028 [2] - Stockholders ratified the appointment of Deloitte as the independent auditors for the fiscal year ending December 31, 2025 [2] Company Overview - Safe Bulkers, Inc. is an international provider of marine drybulk transportation services, specializing in transporting bulk cargoes such as coal, grain, and iron ore [3] - The company's common stock and preferred stock are listed on the NYSE under the symbols "SB", "SB.PR.C", and "SB.PR.D" [3]

Core Viewpoint - Safe Bulkers, Inc. has announced the sale of its MV Pedhoulas Merchant vessel for a gross price of $11.5 million, marking a strategic move to renew its fleet in anticipation of new vessel deliveries by 2026 [1][2]. Company Overview - Safe Bulkers, Inc. is an international provider of marine drybulk transportation services, specializing in transporting bulk cargoes such as coal, grain, and iron ore along global shipping routes [2]. Fleet Renewal Strategy - The sale of MV Pedhoulas Merchant, built in 2006, and another vessel, Pedhoulas Leader, built in 2007, is part of the company's strategy to renew its fleet [2]. - The company has an aggregate orderbook of six vessels scheduled for delivery by 2027 [2].

Financial Data and Key Metrics Changes - The company reported adjusted EBITDA of $25.5 million for Q2 2025, down from $41.8 million in Q2 2024, indicating a significant decline in profitability [17] - Adjusted earnings per share for Q2 2025 was $0.01, compared to $0.17 in the same period of 2024 [18] - Daily vessel operating expenses increased by 6% to $6,607 in Q2 2025, up from $6,254 in Q2 2024 [19] Business Line Data and Key Metrics Changes - The average time charter equivalent for vessels decreased to $14,857 in Q2 2025 from $18,650 in Q2 2024 [19] - The company operated an average of 46.75 vessels in Q2 2025, compared to 45.43 vessels in the same period of 2024 [19] Market Data and Key Metrics Changes - The drybulk fleet is projected to grow by about 2.8% on average in 2025 and 2026 due to stable new deliveries [6] - The global drybulk demand is forecasted to range from -0.5% to +0.5% in 2025, with growth expected to be between 1.5% to 2.5% in 2026 [11] - The increase in import tariffs led to a 57% year-on-year drop in U.S. grain volumes to China, affecting trade dynamics [12] Company Strategy and Development Direction - The company remains focused on fleet renewal, strong liquidity, and long-term value creation [5] - The company has declared a dividend of $0.05 per share, maintaining a consistent return to shareholders [6][14] - The company is positioning itself favorably with six new Phase three vessels on order, including two dual fuel vessels [9] Management Comments on Operating Environment and Future Outlook - Management noted a softer market in 2025, impacting revenues and profitability, but expressed confidence in fleet renewal and capital allocation strategies [5] - The global GDP growth expectations for 2025 and 2026 are projected at about 3%, which may positively influence the drybulk market [11] - Management highlighted the importance of decarbonization and energy-efficient new builds in the evolving market landscape [11] Other Important Information - The company maintains a strong liquidity position with $315 million in capital resources and a leverage ratio of 38% [14] - The company achieved zero vessels in D and E carbon intensity ratings for 2024, reflecting its commitment to sustainability [14][16] Q&A Session Summary - The Q&A session did not contain specific questions or answers, as the management concluded the presentation without engaging in a detailed Q&A segment [21][23]

Market Overview - The global dry bulk fleet is aging, with 25% being over 15 years old[17] - The dry bulk orderbook represents 10.3% of the existing fleet[17] - IMF projects global GDP growth of +3.0% for 2025 and +3.1% for 2026[30] - IMF projects global inflation of 4.2% for 2025 and 3.6% for 2026[30] - Dry bulk demand is expected to be 0% in 2025 and +1.5% in 2026[32] Company Performance - The company declared a quarterly dividend of $0.05 per share, representing a 4.7% dividend yield[44] - Net revenues for the quarter were $65.7 million[44] - The company has $313 million in liquidity and capital resources[44] - Adjusted EPS was $0.01[61] Financial Position - The company estimates $176 million in additional borrowing capacity[54] - Fleet scrap value is estimated at $312.2 million[54] - Net debt per vessel is $9.1 million[55] - Consolidated leverage is 38%[45, 55]

分组1 - Safe Bulkers reported quarterly earnings of $0.01 per share, missing the Zacks Consensus Estimate of $0.08 per share, and down from $0.17 per share a year ago, representing an earnings surprise of -87.50% [1] - The company posted revenues of $61.4 million for the quarter ended June 2025, missing the Zacks Consensus Estimate by 4.93%, and down from $74.43 million year-over-year [2] - Safe Bulkers shares have increased approximately 18.2% since the beginning of the year, outperforming the S&P 500's gain of 8.6% [3] 分组2 - The current consensus EPS estimate for the coming quarter is $0.15 on revenues of $70.39 million, and for the current fiscal year, it is $0.50 on revenues of $275.63 million [7] - The Transportation - Shipping industry is currently in the top 38% of Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - Genco Shipping & Trading, another company in the same industry, is expected to report a quarterly loss of $0.15 per share, with revenues projected to be $47.9 million, down 37.6% from the year-ago quarter [9][10]

Core Viewpoint - Safe Bulkers, Inc. reported a decline in financial performance for Q2 2025 compared to the same period in 2024, with net revenues decreasing by 16% and net income significantly reduced, reflecting a softer market environment and increased operating expenses [1][50]. Financial Highlights - Net revenues for Q2 2025 were $65.7 million, down from $78.5 million in Q2 2024 [2]. - Net income for Q2 2025 was $1.7 million, a decrease from $27.6 million in Q2 2024 [2]. - Adjusted net income for Q2 2025 was $3.0 million, compared to $20.3 million in Q2 2024 [2]. - EBITDA for Q2 2025 was $24.2 million, down from $49.2 million in Q2 2024 [2]. - Adjusted EBITDA for Q2 2025 was $25.5 million, compared to $41.8 million in Q2 2024 [2]. Operational Metrics - The average daily time charter equivalent (TCE) rate for Q2 2025 was $14,857, down from $18,650 in Q2 2024 [3][50]. - Daily vessel operating expenses increased by 6% to $6,607 in Q2 2025 from $6,254 in Q2 2024 [57]. - Daily general and administrative expenses rose by 13% to $1,809 in Q2 2025 compared to $1,595 in Q2 2024 [58]. Fleet and Capital Expenditures - As of July 18, 2025, the company operated a fleet of 47 vessels with an average age of 10.3 years [19]. - The company has an orderbook of six newbuilds, with total capital expenditure requirements of approximately $252.4 million [20][31]. - The company has paid $76.5 million towards its orderbook, with $175.9 million remaining [31][35]. Debt and Liquidity - As of June 30, 2025, total debt was $552.6 million, with a consolidated leverage of approximately 38% [28]. - The company had $125.3 million in total cash and undrawn revolving credit facilities of $187.5 million as of June 30, 2025 [8][32]. - The repayment schedule for total debt includes $47.3 million due in 2025 and $178.3 million in 2027 [29]. Dividend Declaration - The Board declared a cash dividend of $0.05 per share on July 29, 2025, payable on September 5, 2025 [38].

Core Viewpoint - Safe Bulkers, Inc. has announced the sale of MV Pedhoulas Leader for a gross price of $12.5 million as part of its fleet renewal strategy, with delivery scheduled between August and October 2025 [1][2]. Company Overview - Safe Bulkers, Inc. is an international provider of marine drybulk transportation services, specializing in transporting bulk cargoes such as coal, grain, and iron ore along global shipping routes [2]. Fleet Renewal Strategy - The company has sold one of its oldest vessels, achieving the targeted sale price, and has six modern energy-efficient vessels on order, with four expected to be delivered by 2026 [2].

Core Viewpoint - Safe Bulkers, Inc. will release its financial results for the second quarter ended June 30, 2025, on July 29, 2025, after market closes [1] Group 1: Earnings Release Details - The earnings release is scheduled for July 29, 2025, after market closes in New York [1] - A conference call to discuss the financial results will take place on July 30, 2025, at 10:00 A.M. Eastern Time [2] Group 2: Conference Call Information - Participants should dial in 10 minutes before the scheduled time using specific numbers for US and international access [3] - An alternative "call me" option is available for participants to join the conference call more quickly [4] Group 3: Webcast and Presentation - A live and archived webcast of the conference call, along with accompanying slides, will be available on the Company's website [5] Group 4: Company Overview - Safe Bulkers, Inc. is an international provider of marine drybulk transportation services, focusing on transporting bulk cargoes such as coal, grain, and iron ore [6] - The Company's common stock and preferred stocks are listed on the NYSE under the symbols "SB", "SB.PR.C", and "SB.PR.D" [6]