Navigating market challenges with …

Appearance date: May 20, 2025

You can find the complete copy of the earnings call in the complete earnings call.

• Safe Bulkers Inc (NYSE: SB) kept a strong record with plenty of liquidity and a leverage of around 37%.

• The company completed a buyback program of around 3% of its regular shares, which indicates the trust in its evaluation.

• Explained a dividend of $ 0.05 per share and marked the 14th quarter of a year in a row, which corresponds to a dividend yield of 5.5%.

• Safe Bulkers Inc (NYSE: SB) has a young, technologically advanced fleet with a focus on energy efficiency and environmental output.

• The company has a significant order book with six new buildings, which positions it positively for future growth and compliance with environmental regulations.

• Safe Bulkers Inc (NYSE: SB) faced a weaker capital market environment, which led to a reduced sales and income by freight ships.

• The operating costs rose and affected the overall stability.

• The dry mass fleet is expected to grow faster than the demand and possibly put pressure on the freight rates.

• The company reported a decline in adjusted EBITDA and the profit per share compared to the same period in 2024.

• The market conditions, including geopolitical uncertainties and tariffs, bird risks for global trade and growth, which affects the view of the company.

Q: How do Safe Bulkers approach the share buyback in view of the current market conditions and the latest completion of a buyback program? A: The company takes into account the market conditions and the share price when deciding on return purchases. If the market is profitable and the share price is depressed, it can initiate return purchases. They believe that their shares are undervalued, which makes them a worthwhile investment compared to the purchase of new ships. (Unidiendified_2, CEO)

Q: Can you give insights into the current sales and shopping market for ships and how this affects your strategy? A: The S&P values ​​have dropped by about 25% for older ships and 10-15% for modern ships. The current prices are not attractive to buy ships. Therefore, the company focuses on new building deliveries and return purchases and is waiting for better market conditions. (Unidiendified_3, cfo)

Q: Has the 3 million share buyback program been completed in the first quarter, and were there any return purchases after the quarter? A: Yes, the 3 million share purchase program was completed in the first quarter, and no surrender options were conducted after the end of the quarter. (Unidiendified_3, cfo)

Q: What is the strategy for capesize ships with medium-term contracts that will soon take place? A: The company plans to trade ships on the spot market if the charter rates for long -term contracts are not cheap. You will take into account employment in time if interest rates exceed 20,000 US dollars for a few years. (Unidiendified_3, cfo)