Summary
SB Chart
Safe Bulkers Q2 Earnings Call Highlights
Safe Bulkers NYSE: SB reported higher second-quarter earnings as stronger charter rates and increased bareboat charter income lifted revenue and profitability, while the company raised its quarterly dividend for a second consecutive quarter.
Safe Bulkers: Pair The Common With The 7.7%-Yielding Preferreds
Safe Bulkers continues strong operations and prudent fleet renewal, but the common stock lacks a clear margin of safety at current levels. Recent vessel sales above book value support higher NAV estimates, yet the stock already reflects some hidden fleet value. SB's short charter book enables upside if rates stay high but exposes downside if rates fall. Meanwhile, the dividend yield is still uncompetitive.
Safe Bulkers, Inc. (SB) Q1 2026 Earnings Call Transcript
Safe Bulkers, Inc. (SB) Q1 2026 Earnings Call Transcript
Safe Bulkers Inc. Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
 Curtis Ellergodt Rothschild Investment LLC | 2 | $13 | $15.28 | $2.28 | 17.54% |
| LN Louis Navellier NAVELLIER & ASSOCIATES Inc. | 145,586 | $912,096.29 | $1.13M | $216,195.21 | 23.7% |
| BG Bart Gancher Intech Investment Management LLC | 19,395 | $70,834.28 | $147,402 | $76,567.72 | 108.09% |
| JM John Malone Amundi | 114,401 | $446,981.53 | $858,007.5 | $411,025.97 | 91.96% |
 Point72 Asset Management LP Point72 Asset Management LP | 265,315 | $1.53M | $2.06M | $523,474.97 | 34.15% |
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Safe Bulkers Inc. Profile
| Marine Transportation Industry | Industrials Sector | Polys Hajioannou CEO | NYSE Exchange | Y7388L103 CUSIP |
| MC Country | 10 Employees | 13 Aug 2026 Last Dividend | - Last Split | 29 May 2008 IPO Date |
Overview
Safe Bulkers, Inc., established in 2007 and headquartered in Monaco, specializes in providing marine drybulk transportation services. The company operates through its subsidiaries, managing a significant fleet that includes a variety of vessels specifically designed for transporting major bulk cargoes such as coal, grain, and iron ore. Through its efficient and reliable services, Safe Bulkers, Inc. has established itself as a key player in the global marine transportation industry. With a strong emphasis on safety and sustainability, the company caters to a diverse client base, ensuring the secure and environmentally-conscious delivery of dry bulk commodities across the world.
Products and Services
- Marine Drybulk Transportation Services:
- Fleet of Drybulk Vessels:
- 10 Panamax class vessels: Ideal for medium-sized cargo loads, these vessels are essential for operations in size-restricted passages like the Panama Canal.
- 11 Kamsarmax class vessels: Larger than Panamax, they are designed for efficiency and versatility, handling a wide range of bulk cargoes.
- 18 Post-Panamax class vessels: Offering even greater capacity, these vessels cater to the bulk transportation needs not restricted by canal dimensions.
- 8 Capesize class vessels: As the largest in the fleet, Capesize vessels are tailored for carrying massive quantities of dry bulk cargoes, often utilized for long-haul coal and iron ore transportation.
At the core of its operations, Safe Bulkers, Inc. offers comprehensive marine transportation solutions tailored for the bulk shipping of major commodities like coal, grain, and iron ore. Utilizing its versatile fleet, the company guarantees safe, efficient, and environmentally-friendly transportation services, meeting the diverse needs of its international clientele.
Safe Bulkers, Inc. takes pride in its expansive fleet of 47 drybulk vessels, boasting an aggregate carrying capacity of 4,719,600 deadweight tons. This diverse fleet is comprised of:
