Safehold Receives BBB+ Credit Rating from S&P Global Ratings; Outlook Positive
Safehold (NYSE: SAFE) announced that S&P Global Ratings has assigned it an initial credit rating of BBB+ with a positive outlook. This rating also applies to its subsidiary, Safehold GL Holdings According to CFO Brett Asnas, this rating reflects Safehold's strong asset quality, stable funding strategy, and market-leading position. S&P's report highlighted Safehold's focus on high-quality, long-term ground leases with predictable, contractually growing cash flows over 99 years, low leverage, and diversified funding. This rating is expected to improve Safehold's cost of capital and access to capital, aiding in long-term value creation for shareholders.
Safehold (NYSE: SAFE) ha annunciato che S&P Global Ratings le ha assegnato un rating di credito iniziale di BBB+ con un outlook positivo. Questo rating si applica anche alla sua controllata, Safehold GL Holdings. Secondo il CFO Brett Asnas, questo rating riflette la forte qualità degli attivi di Safehold, una strategia di finanziamento stabile e una posizione di leadership di mercato. Il rapporto di S&P ha sottolineato l'attenzione di Safehold su contratti di locazione a lungo termine di alta qualità, con flussi di cassa prevedibili e a crescita contrattuale per oltre 99 anni, un basso indebitamento e un finanziamento diversificato. Questo rating dovrebbe contribuire a migliorare il costo del capitale di Safehold e l'accesso al capitale, favorendo la creazione di valore a lungo termine per gli azionisti.
Safehold (NYSE: SAFE) anunció que S&P Global Ratings le ha asignado una calificación crediticia inicial de BBB+ con una perspectiva positiva. Esta calificación también se aplica a su subsidiaria, Safehold GL Holdings. Según el CFO Brett Asnas, esta calificación refleja la fuerte calidad de los activos de Safehold, una estrategia de financiamiento estable y una posición de liderazgo en el mercado. El informe de S&P destacó el enfoque de Safehold en arrendamientos de terreno a largo plazo de alta calidad, con flujos de efectivo predecibles y de crecimiento contractual durante más de 99 años, un bajo apalancamiento y financiamiento diversificado. Se espera que esta calificación mejore el costo del capital de Safehold y el acceso al capital, ayudando en la creación de valor a largo plazo para los accionistas.
Safehold (NYSE: SAFE)는 S&P Global Ratings가 BBB+의 초기 신용 등급을 부여했으며 긍정적인 전망을 가지고 있다고 발표했습니다. 이 등급은 Safehold GL Holdings의 자회사에도 적용됩니다. CFO Brett Asnas에 따르면, 이 등급은 Safehold의 강력한 자산 품질, 안정적인 자금 조달 전략 및 시장 선도적인 위치를 반영합니다. S&P의 보고서는 Safehold가 99년 이상 지속 가능한 계약적 성장 흐름을 가진 고품질 장기 토지 임대에 집중하고 있으며, 낮은 레버리지와 다양한 자금 조달원을 강조했습니다. 이 등급은 Safehold가 자본 비용과 자본 접근성을 개선하여 주주를 위한 장기 가치 창출에 도움을 줄 것으로 예상됩니다.
Safehold (NYSE: SAFE) a annoncé que S&P Global Ratings lui avait attribué une première note de crédit de BBB+ avec une perspective positive. Cette note s'applique également à sa filiale, Safehold GL Holdings. Selon le CFO Brett Asnas, cette note reflète la forte qualité des actifs de Safehold, une stratégie de financement stable et une position de leader sur le marché. Le rapport de S&P a mis en lumière l'accent mis par Safehold sur des baux fonciers de haute qualité à long terme, avec des flux de trésorerie prévisibles et une croissance contractuelle sur plus de 99 ans, un faible effet de levier et un financement diversifié. Cette note devrait améliorer le coût du capital de Safehold et son accès au capital, contribuant ainsi à la création de valeur à long terme pour les actionnaires.
Safehold (NYSE: SAFE) hat angekündigt, dass S&P Global Ratings ihr eine anfängliche Kreditbewertung von BBB+ mit einem positiven Ausblick zugewiesen hat. Diese Bewertung gilt auch für ihre Tochtergesellschaft, Safehold GL Holdings. Laut CFO Brett Asnas spiegelt diese Bewertung die hohe Qualität der Vermögenswerte von Safehold, eine stabile Finanzierungsstrategie und eine marktführende Position wider. Der Bericht von S&P hob Safeholds Fokus auf qualitativ hochwertige, langfristige Grundstücksverträge mit vorhersehbaren, vertraglich wachsenden Cashflows über 99 Jahre, niedrige Verschuldung und diversifizierte Finanzierung hervor. Es wird erwartet, dass diese Bewertung die Kapitalkosten und den Zugang zu Kapital von Safehold verbessert, was zur langfristigen Wertschöpfung für die Aktionäre beiträgt.
- S&P assigned a BBB+ credit rating with a positive outlook.
- The rating reflects strong asset quality and stable funding strategy.
- Expected to improve cost of capital and access to capital.
- None.
Insights
The BBB+ rating with positive outlook from S&P represents a significant milestone for Safehold, positioning it firmly in investment grade territory. This rating brings several tangible benefits:
- Lower borrowing costs through improved access to debt markets
- Broader investor base as many institutional investors require investment grade ratings
- Enhanced financial flexibility for future growth initiatives
"We are pleased to announce this investment grade rating and positive outlook from S&P," said Brett Asnas, Chief Financial Officer. "This outcome reflects the strength of Safehold's credit profile, driven by strong asset quality, stable funding strategy and market leading position. We expect this rating to enable both an improved cost of capital as well as better access to capital, allowing us to continue serving our customers and creating long-term value for shareholders."
S&P cited the rationale behind its investment grade rating in their report: "The ratings reflect Safehold's focus on high-quality long-term ground leases that return predictable and contractually growing cash flows over 99 years, its relatively low leverage, and well diversified funding mix."
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, student housing, life science and mixed-use properties generate higher returns with less risk. The Company, which is taxed as a real estate investment trust (REIT), 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:
Pearse Hoffmann
Senior Vice President
Capital Markets & Investor Relations
T 212.930.9400
E investors@safeholdinc.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/safehold-receives-bbb-credit-rating-from-sp-global-ratings-outlook-positive-302299358.html
SOURCE Safehold
FAQ
What credit rating did S&P Global assign to Safehold?
What is the outlook of Safehold's BBB+ credit rating?
How does the BBB+ credit rating benefit Safehold (SAFE)?
What factors did S&P cite for Safehold's BBB+ rating?
