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) has announced the release date for its second quarter 2024 financial results. The company will disclose its earnings after the market closes on Monday, July 29, 2024, followed by an earnings conference call on Tuesday, July 30, 2024, at 9:00 a.m. ET. Investors can access the live broadcast through Safehold's website. The company, which operates as a REIT, is known for revolutionizing real estate ownership by providing innovative ground lease solutions for high-quality properties across various sectors. Safehold aims to deliver safe, growing income and long-term capital appreciation to its shareholders.
Safehold (NYSE: SAFE), a pioneer in the ground lease industry, has concluded ground leases to develop four affordable housing communities in Northern California. This expansion encompasses 781 units spread across three San Jose locations and one in Concord, California. Partnering with The Pacific Companies, a notable affordable housing developer, these projects aim to address significant demand for low-income housing. During Q2 2024, Safehold closed six ground lease transactions and has invested $6.5 billion in ground leases to date. Safehold leverages its strong balance sheet to drive innovation and meet market needs, enhancing its footprint in the affordable housing sector.
Safehold (NYSE: SAFE) has launched a $750 million unsecured commercial paper note program through its operating company, Safehold GL Holdings This program allows the issuance of unsecured commercial paper notes, which will rank equally with other senior unsecured debt of the operating company and are fully guaranteed by Safehold. The proceeds will be used for general corporate purposes. Safehold expects cost of capital benefits compared to its $2.0 billion revolving credit facility, which will serve as a liquidity backstop for the notes. The notes are not registered under the Securities Act of 1933 and cannot be sold in the U.S. without registration or exemption.
Safehold (NYSE: SAFE) announced a common stock dividend of $0.177 per share for Q2 2024. This dividend translates to an annualized rate of $0.708 per share. Payment is scheduled for July 15, 2024, to shareholders recorded by June 28, 2024.
Safehold, a pioneer in the modern ground lease industry since 2017, focuses on enhancing the value of land beneath properties. Targeting diverse property types including multifamily, office, and industrial, Safehold aims to offer safer, higher returns and long-term capital appreciation. The company operates as a real estate investment trust (REIT).
Safehold (NYSE: SAFE) has closed a ground lease for the development of The Orion, a 166-unit senior affordable community in Orange, California, undertaken by USA Properties Fund. This move aligns with Safehold's strategy of leveraging its ground lease platform to provide long-term, accretive capital for high-quality developments. The project aims to address the need for affordable housing and reflects Safehold's commitment to lucrative real estate investments. Safehold, a REIT, continues to innovate in real estate ownership by helping property owners unlock land value and generate higher returns with reduced risk.
Star Holdings (NASDAQ: STHO) reported a net loss of ($49.0 million) and earnings per share of ($3.68) for the first quarter of 2024. The results include a non-cash adjustment of ($37.9 million) related to investments in SAFE shares. The company generated $16.6 million in land revenues during the quarter. Star Holdings focuses on maximizing shareholder value by managing assets and pursuing asset sales.
Safehold Inc. (NYSE: SAFE) reported strong first quarter 2024 results with revenue of $93.2 million, net income of $30.7 million, and earnings per share of $0.43. The company closed a new $2.0 billion unsecured credit facility, issued $300 million of 10-year unsecured notes, and realized hedge gains of $21 million. Safehold remains agile in a volatile macro environment, focusing on capital raises and pipeline expansion. The company's Chairman and CEO, Jay Sugarman, highlighted the positive outlook for capital deployment and customer service. Safehold's modern ground lease model aims to optimize real estate ownership and deliver consistent returns to shareholders.
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