Safehold Announces Tax Treatment of 2022 Dividends

Rhea-AI Summary

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.

Positive

• Dividend of $0.1700 per share distributed consistently throughout the year.
• Capital gain distribution classified under Section 1231, potentially favorable for investors.

Negative

• None.

NEW YORK, Jan. 17, 2023 /PRNewswire/ -- Safehold Inc. (NYSE: SAFE) announced the tax treatment of its 2022 common stock dividends.

NYSE: SAFE
CUSIP: 78649D-104

Record Date	Payment Date	Distribution per Share	Ordinary Income	Capital Gain Distribution	Unrecaptured Section 1250 Gain
1/3/22	1/14/22	$0.1700	$0.0000	$0.1700	$0.0000
3/31/22	4/15/22	$0.1700	$0.0000	$0.1700	$0.0000
6/30/22	7/15/22	$0.1770	$0.0000	$0.1770	$0.0000
9/30/22	10/14/22	$0.1770	$0.0000	$0.1770	$0.0000

 

Section 1061 Reporting Information

The capital gain distribution arose entirely from a long-term capital gain determined under Internal Revenue Code section 1231 and is accordingly excluded from the REIT's disclosure of its One-Year Amounts and Three-Year Amounts required by Treasury Regulations section 1.1061-6(c)(1).

Section 897 Capital Gain Reporting Information

The entire capital gain distribution is classified as a "Section 897 Capital Gain."

About Safehold:

Safehold Inc. (NYSE: SAFE) is revolutionizing real estate ownership by providing a new and better way for owners to unlock the value of the land beneath their buildings. Having created the modern ground lease industry in 2017, Safehold continues to help owners of high quality multifamily, office, industrial, hospitality, life science and mixed-use properties generate higher returns with less risk. The Company, which is taxed as a real estate investment trust (REIT) and is managed by its largest shareholder, iStar Inc., seeks to deliver safe, growing income and long-term capital appreciation to its shareholders. Additional information on Safehold is available on its website at www.safeholdinc.com. 

Company Contact: 

Jason Fooks
Senior Vice President
Investor Relations & Marketing
T: 212.930.9400
E: investors@safeholdinc.com

 

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SOURCE Safehold

FAQ

What is the dividend amount for Safehold Inc. in 2022?

Safehold Inc. declared a dividend of $0.1700 per share in 2022.

When was the payment date for Safehold's 2022 dividends?

The payment dates for Safehold's 2022 dividends were January 14, April 15, July 15, and October 14.

What tax treatment does Safehold's dividend distribution have?

Safehold's dividend distribution is classified as a capital gain under Section 1231 of the Internal Revenue Code.

How are Safehold Inc.'s capital gains classified?

The capital gain distribution is classified as a 'Section 897 Capital Gain.'

Does Safehold Inc. provide safe income to its shareholders?

Yes, Safehold Inc. aims to deliver safe, growing income and long-term capital appreciation to its shareholders.