Welcome to our dedicated page for Safehold news (Ticker: SAFE), a resource for investors and traders seeking the latest updates and insights on Safehold stock.
Safehold Inc. (NYSE: SAFE) is pioneering the evolution of real estate ownership through the innovative use of ground leases. Established in 2017, Safehold has become the leader in the modern ground lease sector, helping property owners unlock the value of the land beneath their buildings. By acquiring, managing, and capitalizing ground leases, Safehold delivers a new avenue for property owners to generate higher returns with reduced risk.
Ground leases are long-term contracts where the landlord, Safehold, leases the land to tenants who own the buildings on it. This unique business model focuses on high-quality properties across multifamily, office, industrial, hospitality, student housing, life science, and mixed-use sectors. Safehold's diverse portfolio spans major metropolitan markets, ensuring a robust and balanced investment strategy.
As a Real Estate Investment Trust (REIT), Safehold is dedicated to providing safe, growing income and long-term capital appreciation to its shareholders. The company's innovative approach allows property owners to optimize their capital structure, freeing up equity that can be reinvested into their core business operations.
Despite a challenging economic environment, 2023 was a transformational year for Safehold. The company reported solid earnings and completed multiple capital raises, enhancing its liquidity and flexibility. Jay Sugarman, Chairman and CEO, expressed optimism about the future, emphasizing Safehold's strong position to serve its customers and expand the ground lease market.
Recent partnerships and projects highlight Safehold’s growing influence. In June 2024, the company closed a ground lease to support the development of The Orion, a 166-unit senior affordable community in Orange, California. This project, led by USA Properties Fund, reflects Safehold's commitment to fostering high-quality, sustainable developments.
Safehold continues to excel in financial performance, demonstrating resilience through market volatility. The company consistently delivers value to its shareholders through dividends and strategic investments. Safehold’s innovative business model and strategic market positioning ensure its continued growth and leadership in the real estate sector.
For further information, visit Safehold's website or tune into their quarterly earnings calls, which offer detailed insights into the company’s operations and financial health.
Safehold Inc. (NYSE: SAFE) announced strong financial results for Q4 and the full fiscal year 2021. Revenue reached $52.0 million, a 30% year-over-year increase, while net income was $21.3 million, representing a 39% rise. Earnings per share also grew to $0.38, up 29%. The company successfully closed 17 ground leases worth $777 million, increasing its total portfolio to 106 leases valued at $4.8 billion. Safehold has raised its target portfolio guidance to $7.5 billion by December 2023, an increase from the previous $6.4 billion.
Safehold Inc. (NYSE: SAFE) announced the successful sale of 108,571 Caret Units and secured a binding commitment for an additional 28,571 Units, totaling $24.0 million. This transaction represents 1.37% of the authorized units, valuing the total at $1.75 billion. The purchasers include prominent investors such as Ribbit Capital and Kevin Durant's family office. Safehold retains approximately 84% ownership of the Caret Units and aims for a public market listing within two years. The estimated Unrealized Capital Appreciation stands at $8.1 billion as of December 31, 2021.
iStar Inc. (NYSE: STAR) will release its fourth quarter and fiscal year 2021 financial results on February 24, 2022, before market opening. An earnings conference call will be held at 10:00 a.m. ET, accessible via iStar's website. The call will provide insights into the company's operations and financial performance. iStar focuses on modernizing the ground lease sector to unlock value in $7 trillion of institutional commercial real estate, with over $40 billion in transactions completed over two decades. More details can be found on their website.
Safehold Inc. (NYSE: SAFE) will announce its financial results for Q4 and FY 2021 on February 15, 2022, before market open. The company will host a conference call at 10:00 a.m. ET to review its performance and operations. This can be accessed via its website. Safehold, a leader in modern ground leases, aims to optimize real estate ownership by offering innovative solutions for property owners, enabling them to maximize returns while minimizing risks. The firm operates as a real estate investment trust (REIT) and is managed by its largest shareholder, iStar.
Safehold Inc. (NYSE: SAFE) has successfully closed its third ground lease in the Phoenix MSA for $54 million, facilitating the acquisition of Rise on Apache, a Class A student housing property located near Arizona State University. This transaction, completed in December 2021, is Safehold's second student housing ground lease in Tempe, AZ. Rise on Apache is a 15-story building featuring 384 units and 833 beds, with high-end amenities. Tim Doherty, Head of Investments, expressed excitement over the partnership with Invesco as a new customer.
Safehold Inc. (NYSE: SAFE) has successfully closed a ground lease to finance the $128.4 million Prima development, a multifamily project in Downtown Nashville. This marks the fourth ground lease in the Nashville MSA. The 16-story building will include 278 apartments and 28,000 square feet of commercial space, featuring modern amenities such as a pool and fitness center. Safehold aims to enhance real estate ownership by providing more efficient capital access to developers while continuing to deliver safe, growing income to its shareholders.
On February 7, 2022, Safehold Inc. (NYSE: SAFE) announced the promotion of Brett Asnas to Chief Financial Officer for both Safehold and its largest shareholder, iStar Inc. (NYSE: STAR). With over 12 years at iStar, Asnas brings expertise in corporate finance, strategy, and capital markets. CEO Jay Sugarman praised Asnas' leadership in achieving key financial goals, highlighting the importance of his role during this pivotal time for the company. Safehold aims to innovate in the ground lease industry while delivering income and capital appreciation to shareholders.
Safehold Inc. (NYSE: SAFE) announced the promotion of Theresa Ulyatt to Chief People Officer at iStar Inc. (NYSE: STAR), its founder and largest shareholder. Ulyatt, who has been with iStar since 2018, will spearhead talent acquisition, management, and employee engagement. President and Chief Investment Officer Marcos Alvarado emphasized her role in fostering a winning culture, highlighting the company's commitment to employee development. The company aims to provide safe, growing income and long-term capital appreciation to its shareholders.
iStar Inc. (NYSE: STAR) has promoted Theresa Ulyatt to Chief People Officer as part of its commitment to enhance talent management and employee engagement. Ulyatt, who joined the company in 2018, will oversee all human resources functions and continue fostering a winning corporate culture. President Marcos Alvarado emphasized the importance of Ulyatt's leadership in nurturing employee success, while Ulyatt expressed her dedication to developing top talent. iStar focuses on revolutionizing the ground lease sector and has completed over $40 billion in transactions in the past two decades.
iStar Inc. (NYSE: STAR) has promoted Brett Asnas to Chief Financial Officer for both iStar and Safehold (NYSE: SAFE). Asnas, with over 12 years at iStar, previously served as Executive Vice President and Head of Capital Markets. His extensive background includes oversight of corporate finance, strategy, and capital markets activities. iStar aims to revolutionize the ground lease sector, leveraging modern leasing and financing practices. With over $40 billion in transactions over two decades, the company focuses on creating value for real estate owners.
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