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.
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.
Safehold (NYSE: SAFE) has successfully closed a ground lease for Park Central, a 200-unit Class A multifamily property in Nashville, TN, marking its fifth transaction in the city. This is part of a broader strategy, with the closing representing Safehold's 130th transaction and contributing to a national ground lease portfolio exceeding $6 billion. The company continues to foster relationships with partners like The Dinerstein Companies to enhance its presence in key growth markets.
iStar (NYSE: STAR) has announced a special dividend to be paid on December 7, 2022, consisting of 6.64 million shares of Safehold (NYSE: SAFE). This equals 0.07655 shares of SAFE for each share of iStar common stock. Shareholders will receive cash for any fractional shares instead of additional shares. The record date for this dividend is December 1, 2022. iStar aims to enhance the ground lease sector, driving value for real estate owners with modern lease solutions in the $7 trillion institutional market.
Safehold Inc. (NYSE: SAFE) has secured a $26.5 million ground lease for the One Burton multifamily project in South Salt Lake, marking its first transaction in the area. Developed by ABSTRACT Development Group, this project consists of 180 units and is part of a Qualified Opportunity Zone initiative. Year-to-date, Safehold has originated over $1.3 billion in ground lease investments, contributing to a total portfolio exceeding $6 billion. The company aims to enhance its presence in Salt Lake while providing vital housing options.
Safehold, Inc. (NYSE: SAFE) has successfully closed a $31 million ground lease to support the development of Wilder, a 196-unit multifamily project near Downtown Denver. This project is located in a Qualified Opportunity Zone and will be developed by The Max Collaborative. This marks the third collaboration between Safehold and The Max Collaborative in the past year, reflecting Safehold's strategy in opportunity zone projects. Year-to-date through September 30, Safehold has originated over $1.3 billion in ground lease investments.
iStar Inc. (NYSE: STAR) announced its Q3 2022 results, reporting a net income of $12.1 million or $0.14 per diluted share. Adjusted earnings were $28.5 million or $0.33 per diluted share. The company extinguished $155 million of debt, including $93 million in convertible notes, and generated $105 million from asset sales and loan repayments. Safehold contributed $284 million in new originations, raising its total portfolio to $6.1 billion.
iStar aims to enhance its balance sheet and expand the ground lease market.
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