Safe Bulkers Files July 2024 6-K Report

TL;DR

SAFE BULKERS (SB) filed a 6-K on 7/30/24, standard reporting for July.

AI Summary

Safe Bulkers, Inc. filed a Form 6-K on July 30, 2024, to report information for the month of July 2024. The filing indicates the company is a foreign private issuer and is submitting its report under the 1934 Act. The principal executive offices are located in Monaco.

Why It Matters

This filing provides routine updates for Safe Bulkers, Inc., a publicly traded company, ensuring transparency for investors regarding its ongoing reporting obligations.

Risk Assessment

Risk Level: low — This filing is a routine 6-K report and does not contain significant new financial information or material events.

Key Players & Entities

• SAFE BULKERS, INC. (company) — Registrant
• 0001317861-24-000039 (filing_id) — Accession Number
• 20240730 (date) — Filing Date
• Monaco (location) — Principal Executive Office Location

FAQ

Key Financial Figures

• $0.05 — ompany also declared a cash dividend of $0.05 per share of outstanding common stock.
• $662 m — f the newbuild program is approximately $662 million, of which $235.6 million is remai
• $235.6 million — is approximately $662 million, of which $235.6 million is remaining to be paid. Furthermore,
• $12.2 million — in our fleet, at a gross sale price of $12.2 million. The sale was consummated in May 2024.
• $20.5 million — y-bulk vessel, at a gross sale price of $20.5 million. The sale was consummated in April 2024
• $20.3 m — y-bulk vessel, at a gross sale price of $20.3 million, which is scheduled to be deliver
• $18,650 — 43 vessels, on average earning a TCE of $18,650, compared to 44.01 vessels earning a TC
• $17,271 — pared to 44.01 vessels earning a TCE of $17,271 during the same period in 2023. As of J
• $252.1 m — had contracted revenue of approximately $252.1 million, net of commissions, from our non
• $24,548 — and the average daily charter hire was $24,548, resulting in a contracted revenue of a
• $172.3 million — n a contracted revenue of approximately $172.3 million net of commissions, excluding the addit
• $500.0 m — ebt before deferred financing costs was $500.0 million, including the 100 million - 2.95
• $7.4 m — we made scheduled principal payments of $7.4 million, voluntary debt prepayments of $8
• $88.1 million — million, voluntary debt prepayments of $88.1 million and drawings of $48.0 million under a n
• $48.0 million — yments of $88.1 million and drawings of $48.0 million under a new loan facility, and $14.0 mi

Filing Documents

• f73024sb6k.htm (6-K) — 336KB
• f73024sb6k001.jpg (GRAPHIC) — 33KB
• 0001317861-24-000039.txt ( ) — 383KB

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Date: July 30, 2024 SAFE BULKERS, INC. By: /s/ Konstantinos Adamopoulos Name: Konstantinos Adamopoulos Title: Chief Financial Officer Safe Bulkers, Inc. Reports Second Quarter 2024 Results and Declares Dividend on Common Stock Monaco July 29, 2024 -- Safe Bulkers, Inc. (the Company) (NYSE: SB), an international provider of marine drybulk transportation services, announced today its unaudited financial results for the three and six month periods ended June 30, 2024. The Board of Directors of the Company also declared a cash dividend of $0.05 per share of outstanding common stock. Financial highlights In million U.S. Dollars except per share data Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Six Months 2024 Six Months 2023 Net revenues 78.5 81.7 82.3 64.7 70.6 160.2 137.5 Net income 27.6 25.3 27.6 15.0 15.4 52.9 34.7 Adjusted Net income 1 20.3 24.2 29.5 11.1 15.3 44.5 29.5 EBITDA 2 49.2 47.9 48.8 34.8 34.4 97.1 72.6 Adjusted EBITDA 2 41.8 46.8 50.7 30.9 34.3 88.7 67.4 Earnings per share basic and diluted 3 0.24 0.21 0.23 0.12 0.12 0.45 0.27 Adjusted earnings per share basic and diluted 3 0.17 0.20 0.25 0.08 0.12 0.37 0.22 Average daily results in U.S. Dollars Time charter equivalent rate 4 18,650 18,158 18,321 14,861 17,271 18,397 16,514 Daily vessel operating expenses 5 6,254 5,442 4,642 5,357 6,477 5,840 6,017 Daily vessel operating expenses excluding dry-docking and pre-delivery expenses 6 5,089 5,038 4,232 4,720 5,224 5,063 5,179 Daily general and administrative expenses 7 1,595 1,513 1,473 1,453 1,435 1,553 1,464 Selected financial highlights In million U.S. Dollars

View Full Filing

View this 6-K filing on SEC EDGAR