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.
iStar Inc. (NYSE: STAR) has signed a definitive agreement to sell a portfolio of net lease assets for $3.07 billion. This portfolio includes 18.3 million square feet of office, entertainment, and industrial properties. The buyer is an affiliate of Carlyle's Global Credit platform, with the deal expected to close in Q1 2022.
The sale will yield a net positive impact of approximately $525 million to net income and $1.1 billion in cash proceeds after debt repayment. The company anticipates recording $40 million in expenses and $565 million in gains in the respective quarters.
Safehold Inc. (NYSE: SAFE) announced a master note purchase agreement for a private placement of $475 million in 3.980% senior notes due February 15, 2052. The notes are priced at the 30-year Treasury rate plus a spread of +180 basis points. Funds can be drawn up to two times by April 18, 2022, subject to customary closing conditions. The proceeds will be used to repay debt and for general corporate purposes, including investments in ground leases. The notes are not registered under the U.S. Securities Act and may not be sold without proper registration.
iStar (NYSE: STAR) has announced the tax treatment for its 2021 dividends, detailing distributions for both common and preferred stock. Shareholders of iStar's common stock received $0.485 per share over four distributions in 2021, while preferred stockholders received $2.00 annually, paid in quarterly installments. Dividend payments are set for March 15, June 15, September 15, and December 15, 2021. The tax characterization identifies ordinary income, return of capital, and capital gains for various payments, providing shareholders with essential tax information.
Safehold Inc. (NYSE: SAFE) has announced its entry into the Chicago market with the recapitalization of 1000 South Clark, a Class A multifamily building. Completed in December 2021, the 29-story structure features 469 units and extensive amenities. This expansion allows JDL Development to secure full ownership while benefiting from lower capital costs through Safehold’s ground lease service. The firm aims to enhance real estate ownership efficiency, paving the way for superior returns and reduced risks for property owners in the Chicago MSA.
Safehold Inc. (NYSE: SAFE) announced the tax treatment of its 2021 common stock dividends. Key details include:
- Record Dates: 1/4/21, 3/31/21, 6/30/21, 9/30/21
- Payment Dates: 1/15/21, 4/15/21, 7/15/21, 10/15/21
- Dividend Distribution: $0.16224 for the first two quarters and $0.17 for the last two quarters, with total ordinary income reported as $0 for all distributions.
This information serves as guidance for shareholders on tax implications for the dividends received in 2021.
Safehold Inc. (NYSE: SAFE) has appointed Jesse Hom to its Board of Directors, effective immediately. Hom brings over 15 years of experience in the commercial real estate sector, focusing on investments and asset management. He is currently the Managing Director and Global Head of Real Estate Credit at GIC, Singapore's sovereign wealth fund. The company aims to provide innovative ground lease solutions to enhance property ownership values, supporting safer and growing returns for shareholders.
Safehold Inc. (NYSE: SAFE) announced an upsized $1.35 billion unsecured revolving credit facility, increasing it by $350 million without altering existing terms. This enhanced credit facility aims to provide flexible capital for customer needs while positioning the company for a strong finish in 2021 and an exciting 2022 ahead. Jay Sugarman, CEO, emphasized the expansion in the context of the company’s ongoing growth strategy. The facility is managed by JPMorgan Chase Bank, with several joint lead arrangers involved.
Safehold Inc. (NYSE: SAFE) declared a dividend of $0.17 per share for Q4 2021, translating to an annualized rate of $0.68. The dividend payment is scheduled for January 14, 2022, to shareholders on record by January 3, 2022. The company, structured as a Real Estate Investment Trust (REIT), focuses on innovative ground lease solutions, helping real estate owners enhance returns with reduced risk.
Safehold Inc. (NYSE: SAFE) announced that CEO Jay Sugarman will present at the Goldman Sachs U.S. Financial Services Conference on December 8, 2021, at 4:20 PM ET. The presentation will be broadcast live, and interested parties can access the link and accompanying investor presentation through Safehold's website in the "Investors" section. Safehold is transforming real estate ownership with its modern ground lease capital solutions, enabling property owners across the U.S. to optimize returns with reduced risk.
FAQ
What is the current stock price of Safehold (SAFE)?
What is the market cap of Safehold (SAFE)?
What is Safehold Inc.?
What are ground leases?
How does Safehold benefit its shareholders?
What sectors does Safehold operate in?
What was a significant project for Safehold in 2024?
How did Safehold perform financially in 2023?
What is Safehold's strategic focus?
How can I access Safehold's financial results?
Who is the Chairman and CEO of Safehold?
Where can I find more information about Safehold?
