Safehold Inc - SAFE STOCK NEWS

Star Holdings (NASDAQ: STHO) has announced two major developments: a $10 million share repurchase program and successful debt extensions. The Board authorized share buybacks through open market or private transactions, subject to market conditions. The company secured several amendments to its financing arrangements, including:

- Extension of Term Loan Credit Agreement maturity to March 31, 2028, with current balance of $115.0 million
- Management fee increase from $5.0M to $7.5M for 2026-2027 period
- Margin Loan Facility extension to March 31, 2028 with $15.8M additional funding availability
- Increase in Termination Fee to $55.0M

Star Holdings' portfolio includes interests in Asbury Park Waterfront, Magnolia Green residential developments, and Safehold Inc. (NYSE: SAFE) shares.

Safehold Inc. (NYSE: SAFE) has announced its Q1 2025 common stock dividend declaration. The company will pay $0.177 per share for the first quarter, equivalent to an annualized rate of $0.708 per share. The dividend will be paid on April 15, 2025 to shareholders of record as of March 31, 2025.

Safehold, established in 2017, operates as a Real Estate Investment Trust (REIT) specializing in modern ground lease industry. The company focuses on helping owners of various high-quality properties, including multifamily, office, industrial, hospitality, student housing, life science, and mixed-use properties, to achieve higher returns with reduced risk through innovative real estate ownership solutions.

Star Holdings (NASDAQ: STHO) has reported its financial results for Q4 and FY2024. The company recorded a net loss of $102.6 million in Q4 and $86.8 million for the full year, with losses per share of $7.70 and $6.51 respectively. These results were significantly impacted by a non-cash mark-to-market adjustment related to their investment in approximately 13.5 million SAFE shares, resulting in a $104.8 million loss in Q4 and $66.5 million for the year.

During Q4, the company completed the sale of a California property for $21.5 million, generating a net profit of $12.3 million. The company provided the buyer with a $17.75 million short-term financing loan. Star Holdings' portfolio includes interests in the Asbury Park Waterfront, Magnolia Green residential development projects, and other commercial real estate properties.

Safehold Inc. (NYSE: SAFE) reported its Q4 and FY 2024 results, with Q4 revenue of $91.9 million and FY revenue of $365.7 million. The company achieved Q4 net income of $26.0 million and FY net income of $105.8 million attributable to common shareholders. Key 2024 highlights include $225 million in new originations, comprising ten ground leases ($193 million) and one leasehold loan ($32 million), bringing the total portfolio to $6.8 billion.

The company received credit rating upgrades, securing an A- from Fitch Ratings and BBB+ with Positive Outlook from S&P Global Ratings. Safehold issued $700 million in long-term unsecured notes and secured a $2.0 billion unsecured revolving credit facility. The Board authorized a new $50 million share repurchase program, which can be executed through various methods at the company's discretion.

Safehold Inc. (NYSE: SAFE) has announced its upcoming fourth quarter and fiscal year 2024 earnings release, scheduled for after market close on Wednesday, February 5, 2025. The company will host an earnings conference call on Thursday, February 6, 2025, at 9:00 a.m. ET.

The conference call will be accessible through Safehold's website and via dial-in numbers (888.506.0062 domestic, 973.528.0011 international, Access Code: 242780). A replay will be available through February 20, 2025, via the company's website or by calling 877.481.4010 (domestic) or 919.882.2331 (international) with Access Code: 51963.

Safehold, established in 2017, specializes in modern ground lease solutions for various property types including multifamily, office, industrial, hospitality, student housing, life science, and mixed-use properties.

Safehold Inc. (NYSE: SAFE) announced the tax treatment of its 2024 common stock dividends. The dividends, each amounting to $0.1770 per share, are distributed as follows:

• Record Date: 12/29/23, Payment Date: 1/16/24
• Record Date: 3/28/24, Payment Date: 4/15/24
• Record Date: 6/28/24, Payment Date: 7/15/24
• Record Date: 9/30/24, Payment Date: 10/15/24

Each dividend consists of $0.008487 as ordinary taxable dividend, which is also classified as a qualified dividend, and $0.168513 as return of capital (non-dividend distribution).

Safehold is a real estate investment trust (REIT) that aims to provide safe, growing income and long-term capital appreciation to its shareholders. The company focuses on high-quality multifamily, office, industrial, hospitality, student housing, life science, and mixed-use properties.

Safehold Inc. (NYSE: SAFE) has closed a ground lease for the development of The Crawford, a 265-unit affordable housing community in Roseville, Sacramento, California. The project will be developed by USA Properties Fund, a repeat Safehold customer based in Sacramento.

The development is structured as a low-income tax credit project. During 2024, Safehold completed six affordable housing transactions in California. The company is increasingly focusing on the affordable housing sector, utilizing its ground lease structure to help developers reduce capital costs and advance affordable housing projects.

Safehold, established in 2017, operates as a REIT and specializes in creating modern ground lease solutions for various property types, including multifamily, office, industrial, hospitality, student housing, life science, and mixed-use properties.

Safehold Inc. (NYSE: SAFE) has received a credit rating upgrade to A- from BBB+ from Fitch Ratings, with a stable outlook. The upgrade extends to the company's operating subsidiary, Safehold GL Holdings Fitch's decision reflects SAFE's focus on low-risk ground lease assets, increased use of unsecured debt, improved portfolio diversity, strong asset quality, low leverage, solid dividend coverage, and experienced management.

The company's CFO, Brett Asnas, highlighted that having 'A' ratings from two major agencies will improve cost and access to capital, benefiting both shareholders and customers. Safehold, established in 2017, specializes in modern ground lease solutions for various property types including multifamily, office, industrial, hospitality, student housing, life science, and mixed-use properties.

Safehold Inc. (NYSE: SAFE) has announced its fourth quarter 2024 common stock dividend of $0.177 per share, representing an annualized rate of $0.708 per share. The dividend will be paid on January 15, 2025, to shareholders of record as of December 30, 2024.

Safehold, established in 2017, operates as a real estate investment trust (REIT) focused on revolutionizing real estate ownership through modern ground lease solutions. The company helps property owners of various asset types, including multifamily, office, industrial, hospitality, student housing, life science, and mixed-use properties, achieve higher returns with reduced risk.