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 declared quarterly dividends for its Preferred Stock for Q1 2023, payable on March 15, 2023, to record holders by March 1, 2023. The dividends include:
- 8.00% Series D: $0.50 per share
- 7.65% Series G: $0.478125 per share
- 7.50% Series I: $0.46875 per share
iStar focuses on modern ground leases, enhancing value for real estate owners across the $7 trillion commercial market. The firm has a history of over $40 billion in transactions, showcasing its innovation in the sector.
Safehold Inc. (NYCE: SAFE) reported strong financial performance for Q4 and FY 2022. Q4 '22 revenue reached
iStar Inc. (NYSE: STAR) announced it will release its financial results for Q4 and fiscal year 2022 on February 21, 2023, before market opening. The company will host an earnings conference call at 10:00 a.m. ET on the same day, accessible via its website. iStar focuses on enhancing the ground lease sector, targeting the $7 trillion commercial real estate market, leveraging its expertise in finance. With over $40 billion in transactions over the past two decades, iStar aims to expand modern ground leases and unlock value for real estate owners. Further details can be found on iStar's website.
Safehold Inc. (NYSE: SAFE) has announced its fourth quarter and fiscal year 2022 financial results will be released on February 14, 2023, prior to market open. The company will also host a conference call at 10:00 a.m. ET to discuss the results and operations, accessible via its website. Safehold, a leader in ground lease real estate, aims to provide innovative solutions to property owners, enhancing returns with lower risk. The company emphasizes its position as a real estate investment trust (REIT), focusing on delivering safe, growing income and capital appreciation to shareholders.
Safehold Inc. (NYSE: SAFE) announced on Feb. 1, 2023, that Fitch Ratings has affirmed its unsecured corporate credit rating at BBB+ and upgraded its outlook from Stable to Positive. This recognition reflects the strong credit characteristics of the business as it continues to expand its ground lease platform efficiently. Safehold, a pioneer in the modern ground lease industry, aims to unlock land value for owners of various property types, including multifamily and mixed-use properties. The company operates as a REIT, providing safe income and long-term capital appreciation to its shareholders.
Venator Materials PLC announced difficult fourth quarter 2022 results, marked by a challenging macro environment leading to expected adjusted EBITDA losses of approximately
On January 17, 2023, Safehold Inc. (NYSE: SAFE) announced the tax treatment of its 2022 common stock dividends, providing clarity for investors regarding their dividend distributions. The company distributed $0.1700 per share on January 14, April 15, July 15, and October 14, with capital gains classified under Section 1231 of the Internal Revenue Code. The total capital gain distribution for 2022 is identified as a 'Section 897 Capital Gain', exempt from standard REIT disclosures. Safehold, managed by iStar Inc., aims to enhance real estate ownership through innovative ground lease solutions.
iStar (NYSE: STAR) announced that all dividends paid in 2022 will be classified as capital gain distributions under Internal Revenue Code section 857(b)(3)(B). These distributions arise from long-term capital gains from the sale of shares in controlled real estate investment trusts. Notably, the total dividend distribution per share includes $2.5911225 in capital gain distributions. The record dates for dividends were March 1, June 1, September 1, and December 1, with corresponding payment dates on March 15, June 15, September 15, and December 15, 2022.
Safehold Inc. (NYSE: SAFE) has successfully closed a $500 million unsecured revolving credit facility, enhancing its financial flexibility. The facility features a borrowing rate of adjusted SOFR plus 100 basis points, maturing on July 31, 2025. Additionally, Safehold has amended its existing $1.35 billion revolving credit facility to transition from LIBOR to SOFR. The facilities' pricing is contingent upon Safehold's credit ratings. CFO Brett Asnas emphasized prudent balance sheet management as the company expands its business and capital sources.
Safehold Inc. (NYSE: SAFE) announced a $0.177 dividend per share for Q4 2022, reflecting an annualized rate of $0.708. The dividend will be paid on January 13, 2023 to shareholders on record as of December 30, 2022. This announcement underscores Safehold's commitment to providing safe and growing income to its shareholders as a real estate investment trust (REIT) focused on enhancing land value under various property types.
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