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) will release its Q1 2021 financial results on April 29, 2021, before market opening. A live conference call to discuss these results will take place at 10:00 a.m. ET, accessible via iStar's website. The call will provide insights into iStar's operations and its role in the $7 trillion institutional commercial real estate market. iStar is the largest shareholder of Safehold Inc. (NYSE: SAFE), focusing on modern ground leases to unlock value for real estate owners. Past transactions exceed $40 billion over two decades.
Safehold Inc. (NYSE: SAFE) has upgraded its credit facility, replacing a $600 million secured revolving credit with a new $1.0 billion unsecured revolving credit facility. This change results in a 30 basis point reduction in interest rates, now set at LIBOR plus 100 basis points. The facility matures in March 2024 and includes two extension options. CEO Jay Sugarman highlighted the move as a significant step in enhancing financial flexibility and accessing lower-cost capital.
Safehold Inc. (NYSE: SAFE) announced that Jeremy Fox-Geen, CFO, will present at the Sidoti Spring 2021 Investor Conference on March 25, 2021, at 9:15 AM ET. The presentation will be broadcast live, and interested parties can access the link and investor presentation via Safehold's website under the 'Investors' section.
Safehold is transforming real estate ownership by optimizing land value for multifamily, office, and mixed-use properties, aiming to provide safe income and long-term capital appreciation for shareholders.
Safehold Inc. (NYSE: SAFE) has announced a common stock dividend of $0.16224 per share for the first quarter of 2021, translating to an annualized rate of $0.64896 per share. The dividend is set to be paid on April 15, 2021, to shareholders on record as of March 31, 2021. Safehold is pioneering a new approach to real estate ownership, focusing on ground leases to enhance returns while reducing risk. As a REIT, the company aims to deliver stable income and long-term capital growth to its investors.
Safehold Inc. (NYSE: SAFE) announced that Chairman and CEO Jay Sugarman will take part in a moderated discussion at the 2021 Citi Global Property CEO Conference on March 11, 2021, at 9:00 AM ET. The discussion will be accessible via live broadcast, with a link available on Safehold's website in the ‘Investors’ section.
Safehold is transforming real estate ownership by creating a modern ground lease industry, allowing property owners to enhance returns and reduce risks across various property sectors.
iStar Inc. (NYSE: STAR) reported its fourth quarter and fiscal year results for 2020, showing a net loss of ($0.26) per diluted share for Q4 and ($0.87) for the full year. Adjusted earnings were $0.15 for Q4 and $0.54 for the year. The company noted an unrealized gain on its Safehold investment of $1.6 billion, an increase of $1.0 billion in 2020, and achieved $191 million in legacy asset sales proceeds.
iStar reduced its legacy asset portfolio by 20% in 2020 while focusing on scaling its ground lease ecosystem.
iStar Inc. (NYSE: STAR) announced a quarterly dividend for Q1 2021, declaring $0.11 per share for common stock and $0.50, $0.478125, and $0.46875 for its preferred shares, payable on March 15, 2021, to shareholders of record as of March 1, 2021. iStar focuses on modernizing ground leases, unlocking value for real estate owners. It is also the largest shareholder of Safehold Inc. (NYSE: SAFE), the first publicly traded company specifically targeting modern ground leases.
Safehold Inc. (NYSE: SAFE) reported strong financial performance for Q4 2020 and the fiscal year, showcasing a 15% EPS increase to $0.29 in Q4 and a 31% increase for FY 2020 at $1.17. The company closed 13 ground leases totaling $331 million in Q4, pushing its portfolio past $3 billion. It was recognized as the #1 performing Nareit stock in 2020 with an 82% total shareholder return. Additionally, it received investment grade credit ratings from Moody’s and Fitch.
Safehold Inc. (NYSE: SAFE) announced that Moody’s and Fitch Ratings have initiated credit research, assigning them investment grade ratings. Moody’s assigned a Baa1 issuer rating and Fitch assigned a BBB+ issuer default rating, both with stable outlooks. The ratings reflect Safehold's strong credit profile, driven by its focus on modernizing ground leases and low-risk asset class. CEO Jay Sugarman emphasized the milestone in enhancing capital accessibility for commercial real estate owners. This achievement supports the company's goal of leading the growing ground lease industry.
iStar Inc. (NYSE: STAR) will release its fourth quarter and fiscal year 2020 financial results on February 23, 2021, before market open. The earnings conference call will follow at 10:00 a.m. ET, accessible via iStar's website. The company is focused on revolutionizing the ground lease sector, emphasizing efficiency and modern approaches to real estate ownership. As the largest shareholder of Safehold Inc. (NYSE: SAFE), iStar uses its finance strengths to explore new market opportunities, having completed over $40 billion in transactions in the last 20 years.
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