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Safehold Inc. - SAFE STOCK NEWS

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.

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Safehold Inc. announced a public offering of $300 million aggregate principal amount of 6.100% senior notes due 2034. The offering is expected to settle on March 4, 2024. The Notes were priced at 98.957% of the principal amount, with an effective semi-annual yield to maturity of 6.240%. The Company realized a cash settlement gain of approximately $21 million, expecting an effective semi-annual yield to maturity of approximately 5.32%. The net proceeds will be used for various purposes, including repaying borrowings and making additional investments in ground leases.
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Star Holdings (NASDAQ: STHO) reported its financial results for the fourth quarter and fiscal year 2023, showing a net income of $66.1 million for the quarter and a loss of ($196.4) million for the year. Earnings per share were $4.96 for the quarter and ($14.74) for the year, impacted by a non-cash market-to-market adjustment related to an investment in SAFE shares.
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Safehold Inc. (SAFE) reported strong financial results for Q4'23 and FY'23, with revenue of $103.0 million and $352.6 million, respectively. Net income for Q4'23 was $41.2 million, while FY'23 showed a net loss of ($55.0) million. Earnings per share for Q4'23 were $0.58 and ($0.82) for FY'23. Key highlights include a merger with iStar, credit ratings upgrades, and successful capital raising initiatives.
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Safehold Inc. (NYSE: SAFE) will release its financial results for Q4 and fiscal year 2023 on February 12, 2024, followed by an earnings conference call on February 13, 2024. The company aims to revolutionize real estate ownership by providing a new way for owners to unlock the value of the land beneath their buildings. Safehold seeks to deliver safe, growing income and long-term capital appreciation to its shareholders.
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Safehold Inc. (NYSE: SAFE) announced updates to its executive management team, with Tim Doherty appointed as Chief Investment Officer and Steve Wylder as EVP, Head of Investments. Marcos Alvarado, the current President & Chief Investment Officer, will be stepping down from the Company to pursue a professional opportunity at a private investment firm. The company's Chairman and CEO, Jay Sugarman, expressed confidence in the new appointments and thanked Marcos for his contributions.
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Safehold Inc. (NYSE: SAFE) completed a merger with iStar Inc. and changed its name to Safehold Inc. The tax treatment of distributions for both companies pre-and-post-merger is detailed in the press release.
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Safehold Inc. (NYSE: SAFE) declares common stock dividends of $0.177 per share for Q4 2023, representing an annualized rate of $0.708 per share. The dividends are payable on January 16, 2024, to holders of record on December 29, 2023.
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Safehold Inc. (NYSE: SAFE) announced CEO Jay Sugarman's presentation at the Goldman Sachs Financial Services Conference on December 6, 2023, at 2:20pm ET. The remarks will be broadcast live and accessible through Safehold's website.
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Safehold, Inc. (NYSE: SAFE) has closed a ground lease for the development of 80 Saratoga, a 200-unit Low Income Tax Credit community in Santa Clara, California, with The Pacific Companies. Executive Vice President Steve Wylder expressed excitement about the partnership.
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Star Holdings (NASDAQ: STHO) reported a net loss of ($81.8 million) and a loss per share of ($6.14) for the third quarter of 2023, primarily due to a non-cash adjustment of ($80.2 million) related to their investment in SAFE. The company also monetized $24.8 million of land and development assets and repaid $34.8 million of its Margin Loan Facility. More details are available in the Form 10-Q on their website or the SEC website.
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FAQ

What is the current stock price of Safehold (SAFE)?

The current stock price of Safehold (SAFE) is $18.48 as of December 31, 2024.

What is the market cap of Safehold (SAFE)?

The market cap of Safehold (SAFE) is approximately 1.3B.

What is Safehold Inc.?

Safehold Inc. (NYSE: SAFE) is a Real Estate Investment Trust (REIT) that specializes in acquiring, managing, and capitalizing ground leases to help property owners unlock the value of the land beneath their buildings.

What are ground leases?

Ground leases are long-term contracts where Safehold, the landlord, leases land to tenants who own the buildings on it. This allows property owners to generate higher returns with reduced risk.

How does Safehold benefit its shareholders?

As a REIT, Safehold aims to provide safe, growing income and long-term capital appreciation to its shareholders through strategic investments and dividend payments.

What sectors does Safehold operate in?

Safehold operates across various sectors including multifamily, office, industrial, hospitality, student housing, life science, and mixed-use properties.

What was a significant project for Safehold in 2024?

In June 2024, Safehold closed a ground lease to facilitate the development of The Orion, a 166-unit senior affordable community in Orange, California, developed by USA Properties Fund.

How did Safehold perform financially in 2023?

Despite economic challenges, Safehold reported solid earnings for 2023 and completed multiple capital raises, enhancing its liquidity and flexibility.

What is Safehold's strategic focus?

Safehold focuses on creating value through long-term, highly accretive capital investments in high-quality real estate sectors while fostering sustainable developments.

How can I access Safehold's financial results?

Safehold's financial results and detailed presentations are available on their website, and the company hosts quarterly earnings calls to discuss their performance and strategic initiatives.

Who is the Chairman and CEO of Safehold?

Jay Sugarman is the Chairman and Chief Executive Officer of Safehold Inc.

Where can I find more information about Safehold?

Additional information about Safehold is available on their official website at www.safeholdinc.com.
Safehold Inc.

NYSE:SAFE

SAFE Rankings

SAFE Stock Data

1.32B
55.41M
22.36%
78.23%
5.56%
REIT - Diversified
Real Estate Investment Trusts
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United States of America
NEW YORK