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 its Q3 2022 results, showcasing significant growth with $1.06 earnings per share, a 182% year-over-year increase. Revenue surged by 52% to $71.7 million, and the company secured $284 million in new originations, elevating its portfolio to $6.1 billion. A notable $46.4 million net gain was achieved from a ground lease sale, while the total UCA rose to approximately $10.5 billion. The positive results reflect Safehold's robust strategy in real estate ownership.
Safehold Inc. (NYSE: SAFE) will release its third quarter 2022 financial results on November 1, 2022, before market open. A conference call will follow at 10:00 a.m. ET for analysis of the results and ongoing operations, accessible via the company’s website. Safehold, a leader in the ground lease industry, aims to enhance value for real estate owners while offering safe, growing income and long-term capital appreciation. The company's innovative approach targets high-quality multifamily, office, and mixed-use properties.
Safehold Inc. (NYSE: SAFE) announced the sale of a ground lease for $136 million, expected to result in a net gain of approximately $46 million in the fourth quarter. The deal will close subject to customary conditions, returning the original $77 million cost basis to the company. Proceeds will be distributed with about 83% going to Safehold and 17% to minority unit holders. The company continues to lead in the ground lease sector, helping real estate owners increase returns while minimizing risks.
Safehold Inc. (NYSE: SAFE) has declared a third quarter 2022 dividend of $0.177 per share, reflecting an annualized rate of $0.708 per share. This dividend is payable on October 14, 2022 to shareholders on record as of September 30, 2022. The company increased its dividend by 4.12% in the previous quarter. Safehold, a REIT, specializes in modern ground leases, aimed at enhancing returns for property owners while managing risk.
Safehold Inc. (NYSE: SAFE) announces the appointment of Ryan Howard as Senior Vice President, Investments, focusing on the Southeast region. Safehold, valued at nearly $6B in assets, aims to expand its ground lease portfolio, currently exceeding 125 leases. Tim Doherty, Head of Investments, emphasized Howard's experience in real estate and his network as key for growth in the Southeast. Howard previously established the Miami office for Centennial Bank, enhancing its commercial real estate loans business.
iStar Inc. (NYSE: STAR) has declared quarterly dividends for Q3 2022, payable on September 15, 2022. The dividends include $0.125 per share for common stock and varying amounts for three series of preferred stock:
- 8.00% Series D: $0.50
- 7.65% Series G: $0.478125
- 7.50% Series I: $0.46875
Record date for dividends is September 1, 2022. iStar focuses on transforming the ground lease sector and has completed over $40 billion in transactions.
Safehold and iStar have announced a strategic agreement for a tax-free business combination aimed at enhancing Safehold's leadership in the ground lease industry. The deal includes the internalization of management, allowing Safehold to transition to an internally-managed structure, and involves assuming $100 million in iStar's trust preferred securities. New Safehold will retain existing ownership proportions, with Safehold shareholders owning approximately 34% post-transaction. iStar will spin off non-ground lease assets into a new entity, SpinCo, while MSD Partners will invest $200 million in SAFE shares and $20 million in Caret units.
iStar Inc. (NYSE: STAR) reported a net loss of $138.5 million for Q2 2022, equating to $1.70 per diluted share. Adjusted earnings also fell to a loss of $34.2 million or $0.42 per diluted share. The company exchanged $194 million in convertible notes for approximately 13.75 million shares and $14 million in cash, resulting in a $298 million increase in book equity. Additionally, Safehold closed $381 million in new originations, increasing its total portfolio to $5.9 billion. iStar aims to enhance shareholder value through strategic initiatives.
Safehold Inc. (NYSE: SAFE) announced strong financial results for Q2 2022, with earnings per share rising by 32% year-over-year to $0.37 and revenue increasing 47% to $64.9 million. The company closed new originations of $381 million, boosting its total portfolio to $5.9 billion. Safehold's portfolio generates an annualized in-place cash rent of $178 million, showing a yield of 5.1% and an inflation-adjusted yield of 5.6%. With $930 million in available liquidity, Safehold is well-positioned for future growth in ground lease opportunities.
Safehold Inc. (NYSE: SAFE) will release its second-quarter 2022 financial results on August 3, 2022, before market open. The company will hold a live earnings conference call at 10:00 a.m. ET to discuss the results, which can be accessed via its website. Safehold, a leader in the modern ground lease industry, aims to improve real estate ownership by maximizing land value while providing safe, growing income and long-term capital appreciation to shareholders. For further details, visit www.safeholdinc.com.
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