Core Viewpoint - Safe Bulkers, Inc. has announced the sale of MV Michalis H for a gross price of $35.2 million, aligning with its renewal strategy and market timing [1][2]. 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 [2]. - The company's common stock and preferred stocks are listed on the NYSE under the symbols "SB", "SB.PR.C", and "SB.PR.D" [2]. Transaction Details - The MV Michalis H, a Capesize class vessel built in 2012, is set for delivery within the first quarter of 2026 [1]. - The sale is considered optimal in the current market cycle, reflecting the company's strategic approach to fleet renewal [2]. Future Outlook - The company currently has an orderbook consisting of eight vessels scheduled for delivery by 2029 [2].

Core Viewpoint - Safe Bulkers, Inc. has declared dividends for its Series C and Series D Preferred Shares, reflecting its ongoing commitment to return value to shareholders [1][6]. Group 1: Dividend Declaration - The Company will pay a cash dividend of $0.50 per share on its 8.00% Series C Cumulative Redeemable Perpetual Preferred Shares for the period from October 30, 2025, to January 29, 2026 [6]. - A similar cash dividend of $0.50 per share will also be paid on its 8.00% Series D Cumulative Redeemable Perpetual Preferred Shares for the same period [6]. - Dividends will be paid on January 30, 2026, to all shareholders of record as of January 16, 2026 [1]. Group 2: Dividend Payment Schedule - Dividends on the Series C and D Preferred Shares are payable quarterly in arrears on the 30th day of January, April, July, and October each year, with adjustments for weekends or public holidays [1]. Group 3: Company Overview - Safe Bulkers, Inc. is an international provider of marine dry-bulk transportation services, specializing in transporting bulk cargoes such as coal, grain, and iron ore [3]. - The Company's common stock, Series C preferred stock, and Series D preferred stock are listed on the NYSE under the symbols "SB", "SB.PR.C", and "SB.PR.D" respectively [3].

Core Viewpoint - Safe Bulkers, Inc. has authorized a share repurchase program allowing the company to buy up to 10,000,000 shares of its common stock, representing approximately 9.8% of outstanding shares and 20.0% of its public float [1][2]. Group 1: Share Repurchase Program - The program does not obligate the company to purchase shares and can be modified or terminated at any time without prior notice [2]. - Purchases will be made in the open market in compliance with applicable laws and regulations, specifically under Rule 10b-18 of the Securities Exchange Act of 1934 [2]. - The repurchase will be funded using the company's existing cash resources and supersedes any prior repurchase program [2]. Group 2: Company Overview - Safe Bulkers, Inc. is an international provider of marine dry-bulk transportation services, focusing on transporting bulk cargoes such as grain, coal, and iron ore along global shipping routes [3]. - The company's common stock and preferred stocks are listed on the NYSE under the symbols "SB", "SB.PR.C", and "SB.PR.D" respectively [3].

Core Viewpoint - Safe Bulkers, Inc. reported its unaudited financial results for Q3 and the first nine months of 2025, highlighting a decrease in net revenues and net income compared to the same periods in 2024, while also declaring a cash dividend of $0.05 per share [1][38]. Financial Highlights - Net revenues for Q3 2025 were $73.1 million, a decrease of 4% from $75.9 million in Q3 2024 [2]. - Net income for Q3 2025 was $17.8 million, down from $25.1 million in Q3 2024 [2]. - Adjusted net income for Q3 2025 was $13.9 million, compared to $19.0 million in Q3 2024 [2]. - EBITDA for Q3 2025 was $40.1 million, down from $47.4 million in Q3 2024 [2]. - Earnings per share for Q3 2025 were $0.15, compared to $0.22 in Q3 2024 [2]. Average Daily Results - The average time charter equivalent (TCE) rate for Q3 2025 was $15,507, compared to $17,108 in Q3 2024 [3]. - Daily vessel operating expenses for Q3 2025 were $5,104, a decrease from $5,311 in Q3 2024 [3]. - Daily general and administrative expenses increased to $1,762 in Q3 2025 from $1,680 in Q3 2024 [3]. Selected Financial Highlights - Total cash as of Q3 2025 was $123.9 million, down from $135.9 million in Q4 2024 [8]. - Total debt as of Q3 2025 was $516.3 million, compared to $489.8 million in Q3 2024 [8]. - The number of vessels at the end of Q3 2025 was 45, consistent with Q3 2024 [8]. Management Commentary - The President of the Company noted the impact of geopolitical factors on market volatility and the ongoing fleet renewal strategy, including the sale of older vessels [12]. - The Company is focused on aligning its financing with sustainability goals through a new $75 million sustainability-linked credit facility [14]. Fleet Update - As of November 21, 2025, the fleet consisted of 45 vessels with an average age of 10.3 years [18]. - The Company has an orderbook of six newbuilds, including two methanol dual-fueled vessels scheduled for delivery in 2026 and 2027 [19]. Vessel Sales - The Company sold two Kamsarmax class vessels in 2025 for gross sale prices of $12.5 million and $11.5 million, respectively, as part of its fleet renewal strategy [20][21]. Chartering Strategy - The Company employs its vessels under both period time charters and spot time charters, with a focus on maintaining flexibility in low charter market conditions [22]. - As of November 21, 2025, the Company had contracted revenue of approximately $153.5 million from its charter contracts [23]. Debt and Liquidity - As of September 30, 2025, the Company had a consolidated debt of $525.0 million and a consolidated leverage of approximately 35% [26]. - The Company had $123.9 million in cash and $266.5 million in undrawn borrowing capacity as of September 30, 2025 [32]. Dividend Policy - The Board declared a cash dividend of $0.05 per share, payable on December 19, 2025 [38].

Core Points - Safe Bulkers, Inc. announced participation in the 17th Annual New York Maritime Forum on October 14, 2025 [1] - The company will hold one-on-one investor meetings during the event [2] - Safe Bulkers is an international provider of marine drybulk transportation services, focusing on transporting coal, grain, and iron ore [3] Company Overview - Safe Bulkers, Inc. operates in the marine drybulk transportation sector, serving major users of these services globally [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 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].

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. 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]

Core Viewpoint - Safe Bulkers, Inc. has released its 2024 Sustainability Report, highlighting its commitment to environmental, social, and governance (ESG) practices in the maritime transport sector [1][3]. Group 1: Sustainability Report Details - The 2024 Sustainability Report is prepared in accordance with the Global Reporting Initiative (GRI) Sustainability Reporting Guidelines and the Sustainability Accounting Standards Board (SASB) recommendations for maritime transport [2]. - The report includes additional indicators that are materially important to the company and its stakeholders [2]. Group 2: 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 along global shipping routes [4]. - The company's common stock and preferred stocks are listed on the NYSE under the symbols "SB", "SB.PR.C", and "SB.PR.D" [4]. Group 3: Leadership Commentary - Dr. Loukas Barmparis, President of Safe Bulkers, emphasized the report's comprehensive overview of the company's ESG practices and its strategic commitment to managing environmental risks and supporting local communities [3].