Welcome to our dedicated page for Safehold SEC filings (Ticker: SAFE), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
This page provides access to Safehold Inc. (NYSE: SAFE) SEC filings, offering detailed regulatory disclosures about the company’s ground lease business, capital structure and governance. As a real estate investment trust (REIT) focused on modern ground leases, Safehold uses its SEC reports to explain how it acquires and manages ground leases and how it evaluates unrealized capital appreciation (UCA) in its owned residual portfolio.
Through current reports on Form 8-K, investors can review material events and agreements, such as unsecured term loan credit agreements, amendments to revolving credit facilities and related financial covenants. These filings describe key ratios tied to consolidated EBITDA, fixed charges, unencumbered assets, unsecured debt and secured debt, giving insight into Safehold’s balance sheet and financing policies.
Safehold’s filings also include detailed explanations of its valuation policy for Combined Property Value and UCA. The company outlines how it engages an independent valuation firm to estimate the hypothetical fee simple value of properties subject to its ground leases, the assumptions used in those appraisals, and the limitations and qualifications that apply to these non-GAAP measures.
Corporate governance and executive matters appear in filings covering officer appointments and compensation arrangements, including inducement restricted stock unit awards, performance-based equity tied to stock price hurdles, and incentives linked to affordable housing commitments. These documents describe the terms, vesting conditions and change-in-control protections for senior leadership.
With real-time updates from EDGAR and AI-powered summaries, this page helps users navigate Safehold’s 8-Ks and other reports, understand the implications of new credit facilities or valuation disclosures, and quickly identify information relevant to SAFE shareholders, creditors and analysts.
Safehold Inc. reported Q1 2026 revenue of $110.9M, up from $97.7M a year earlier, driven mainly by higher interest income from sales-type and ground leases. Net income attributable to common shareholders was $28.9M versus $29.4M in Q1 2025, with diluted EPS of $0.40 compared with $0.41.
The company began operating two hotels on January 1, 2026, generating $9.9M of hotel revenue and $12.2M of hotel expenses in the new Hotel Operations segment. Provision for credit losses declined, while equity method investments contributed $4.0M of earnings.
Total assets were $7.38B and total debt obligations, net, were $4.70B, with shareholders’ equity of $2.43B. Operating cash flow was a use of $8.6M, offset by net financing inflows of $91.5M as the company actively used its unsecured revolver. Safehold paid a quarterly dividend of $0.177 per share and repurchased $3.4M of stock, while remaining in compliance with all debt covenants.
Safehold Inc. reports an updated estimate of unrealized capital appreciation in its ground lease residual portfolio. As of March 31, 2026, estimated UCA is $9,510 million, calculated as the excess of portfolio “Combined Property Value” of $16,247 million over aggregate ground lease cost of $6,737 million.
The company relies on independent appraisals from CBRE, Inc., which value properties on a hypothetical fee-simple basis as if no ground lease existed, using sales comparison and income capitalization approaches with property-type specific occupancy and cap rate assumptions. Management notes this non-GAAP measure depends on tenant-supplied data, rolling valuations and significant assumptions, so actual realizable value may differ and may only be accessible over very long lease terms.
Safehold also updates investors on its Caret unit program. As of March 31, 2026, officers and employees beneficially own about 14.8% of outstanding and 11.8% of authorized Caret units, 78,996 units remain available for awards, 122,500 Caret units are held by third-party investors, and the company owns 83.9% of outstanding Caret units.
Safehold Inc. furnished materials related to its first-quarter 2026 results. The company provided an earnings release and an earnings presentation covering the quarter ended March 31, 2026, and attached them as Exhibits 99.1 and 99.2 to this report.
The materials are furnished under Items 2.02 and 7.01 of the Exchange Act, meaning they are not deemed “filed” for purposes of Section 18 and are not automatically incorporated into Securities Act registration statements unless specifically referenced.
Safehold Inc received a Schedule 13G filing from Vanguard Portfolio Management reporting beneficial ownership of 5,017,593 shares. The filing states this represents 6.99% of Safehold's common stock as of 03/31/2026, with sole dispositive power over all 5,017,593 shares and sole voting power over 21,573 shares.
The filing notes ownership is held on behalf of Vanguard funds and managed accounts and lists affiliated entities exercising voting/dispositive authority; no single outside person holds more than 5.00% of the class.
Safehold Inc. director Robin Josephs reported a small equity award under a deferral plan. On April 15, 2026, Josephs acquired 359 Common Stock Equivalents (CSEs) through the Non-Employee Directors' Deferral Plan, where dividends are automatically credited as additional CSEs. Each CSE is convertible on a one-for-one basis into Safehold Inc. common stock. After this award, Josephs directly holds 89,455 shares, with additional indirect holdings through an IRA and a family trust.
Safehold Inc. director Barry W. Ridings reported a small equity-based award tied to his board compensation. On April 15, 2026, he acquired 33 Common Stock Equivalents (CSEs) under the Non-Employee Directors' Deferral Plan, credited as stock-based units when dividends are paid.
Each CSE is convertible on a one-for-one basis into Safehold common shares. Following this award, Ridings directly holds 52,917 shares of common stock, and also has indirect holdings through trusts reported as 4,665 shares and two additional trust positions of 1,775 shares each.
Safehold Inc. chairman and CEO Jay Sugarman reported a routine tax-related share disposition. On March 31, 2026, 23,662 shares of common stock were withheld by the company to satisfy his tax withholding obligation upon vesting of previously granted Restricted Stock Units (RSUs), rather than sold in the open market.
After this withholding, Sugarman directly owns 1,830,283 Safehold common shares. He also has indirect holdings of 9,590 shares through his spouse, 184,360 shares through family trusts, and 169,943 shares through a foundation.
Safehold Inc. reported that Chief Financial Officer Brett Asnas had 8,118 shares of Common Stock withheld on March 31, 2026 to cover tax obligations from vesting Restricted Stock Units. These shares were taken by the issuer for taxes, and Asnas now directly holds 205,849 shares.
Safehold Inc. is asking stockholders to vote at its May 14, 2026 virtual annual meeting on four key items: electing five directors, ratifying Deloitte & Touche LLP as auditor for 2026, approving an amendment to the 2009 Long-Term Incentive Plan, and a non-binding Say‑on‑Pay vote on executive compensation.
The board proposes increasing the share reserve under the 2009 Long-Term Incentive Plan so equity awards can continue to be used to attract and retain employees, directors and consultants. As of March 20, 2026, 527,643 shares remained available under the plan, with 71,825,422 common shares outstanding. The proxy also details board structure, committee responsibilities, director compensation and the company’s governance, ESG and cybersecurity oversight practices.