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 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.
Safehold Inc. (NYSE: SAFE) will release its financial results for Q4 and the fiscal year 2020 on February 11, 2021, before market open. An earnings conference call is scheduled for 10:00 a.m. ET, accessible via the company's website or by calling 877.336.4440 (U.S.) or 409.207.6984 (international) with conference ID 6230255. A replay will be available post-call. Safehold, a REIT, is changing real estate ownership through innovative ground lease solutions, aiming to deliver safe, growing income and capital appreciation for shareholders.
Safehold Inc. (NYSE: SAFE) reported the tax treatment of its 2020 common stock dividends. The company distributed dividends quarterly, with amounts per share as follows: $0.1560 on January 15, April 15, and September 15, and $0.16224 on July 15. All distributions are categorized as return of capital, meaning they do not constitute ordinary income for tax purposes. Safehold operates as a real estate investment trust (REIT), focused on modern ground lease capital solutions, aiming to provide safe, growing income and long-term capital appreciation for shareholders.
Safehold Inc. (NYSE: SAFE) announced a common stock dividend of $0.16224 per share for Q4 2020, representing an annualized rate of $0.64896. This dividend is payable on January 15, 2021 to shareholders on record as of January 4, 2021. Safehold continues to innovate real estate ownership through its ground lease capital solution, enabling property owners in major U.S. markets to achieve higher returns with reduced risk. The company operates as a REIT, targeting safe, growing income and long-term capital appreciation for its shareholders.
iStar (NYSE: STAR) will present at the BofA Securities 2020 Leveraged Finance Virtual Conference on December 2, 2020, at 5:15 pm ET. CEO Jay Sugarman will lead the presentation, which can be accessed live through iStar's website. The company specializes in modern ground leases, unlocking value in real estate ownership. As the largest shareholder of Safehold (NYSE: SAFE), iStar has completed over $40 billion in transactions over the last twenty years. Replay of the presentation will be available shortly after the live event.
iStar Inc. (NYSE: STAR) announced an adjustment to its 3.125% Convertible Senior Notes due 2022, altering the conversion price to $14.23 per share from $14.47 following cash dividends payable on December 15, 2020. The adjusted rate allows holders to convert notes into approximately 70.2538 shares of common stock per $1,000 principal amount. This change is effective from November 30, 2020 and aims to reflect the recent dividend payments.
Safehold Inc. (NYSE: SAFE) announced that Chairman and CEO Jay Sugarman will participate in a discussion at Nareit’s REITworld: 2020 Annual Conference on November 19, 2020, at 12:00 PM ET. The presentation will be accessible to registered participants and a replay will be available on the Company’s website. Additionally, Safehold will host an interactive breakout session via Zoom at 12:30 PM ET. Safehold specializes in modern ground lease capital solutions, helping owners of high-quality properties in the U.S. maximize returns while managing risk.
iStar Inc. (NYSE: STAR) announced its fourth-quarter dividends for 2020, declaring $0.11 per share for Common Stock and varying amounts for its Preferred Stocks. The dividends are payable on December 15, 2020, to stockholders on record by December 1, 2020. The Preferred Stock dividends include $0.50 for 8.00% Series D, $0.478125 for 7.65% Series G, and $0.46875 for 7.50% Series I. iStar continues to innovate in the real estate sector, focusing on modern ground leases, and has completed over $40 billion in transactions over two decades.
Safehold Inc. (NYSE: SAFE) has announced the pricing of an underwritten public offering of 800,000 shares at $61.00 per share, totaling approximately $48.8 million. The offering was upsized from an initial 600,000 shares. Additionally, the company will privately sell 1,065,574 shares to iStar Inc. for about $65 million, culminating in total gross proceeds of $113.8 million. The funds will be used for ground lease investments, repaying borrowings under the revolving credit facility, and general business purposes. The offering is set to close on November 13, 2020.
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