Safehold Inc Stock Price, News & Analysis

Safehold (NYSE: SAFE) has successfully closed a ground lease for Park Central, a 200-unit Class A multifamily property in Nashville, TN, marking its fifth transaction in the city. This is part of a broader strategy, with the closing representing Safehold's 130th transaction and contributing to a national ground lease portfolio exceeding $6 billion. The company continues to foster relationships with partners like The Dinerstein Companies to enhance its presence in key growth markets.

iStar (NYSE: STAR) has announced a special dividend to be paid on December 7, 2022, consisting of 6.64 million shares of Safehold (NYSE: SAFE). This equals 0.07655 shares of SAFE for each share of iStar common stock. Shareholders will receive cash for any fractional shares instead of additional shares. The record date for this dividend is December 1, 2022. iStar aims to enhance the ground lease sector, driving value for real estate owners with modern lease solutions in the $7 trillion institutional market.

Safehold Inc. (NYSE: SAFE) has secured a $26.5 million ground lease for the One Burton multifamily project in South Salt Lake, marking its first transaction in the area. Developed by ABSTRACT Development Group, this project consists of 180 units and is part of a Qualified Opportunity Zone initiative. Year-to-date, Safehold has originated over $1.3 billion in ground lease investments, contributing to a total portfolio exceeding $6 billion. The company aims to enhance its presence in Salt Lake while providing vital housing options.

Safehold, Inc. (NYSE: SAFE) has successfully closed a $31 million ground lease to support the development of Wilder, a 196-unit multifamily project near Downtown Denver. This project is located in a Qualified Opportunity Zone and will be developed by The Max Collaborative. This marks the third collaboration between Safehold and The Max Collaborative in the past year, reflecting Safehold's strategy in opportunity zone projects. Year-to-date through September 30, Safehold has originated over $1.3 billion in ground lease investments.

iStar Inc. (NYSE: STAR) announced its Q3 2022 results, reporting a net income of $12.1 million or $0.14 per diluted share. Adjusted earnings were $28.5 million or $0.33 per diluted share. The company extinguished $155 million of debt, including $93 million in convertible notes, and generated $105 million from asset sales and loan repayments. Safehold contributed $284 million in new originations, raising its total portfolio to $6.1 billion.

iStar aims to enhance its balance sheet and expand the ground lease market.

Safehold Inc. (NYSE: SAFE) announced its Q3 2022 results, showcasing significant growth with $1.06 earnings per share, a 182% year-over-year increase. Revenue surged by 52% to $71.7 million, and the company secured $284 million in new originations, elevating its portfolio to $6.1 billion. A notable $46.4 million net gain was achieved from a ground lease sale, while the total UCA rose to approximately $10.5 billion. The positive results reflect Safehold's robust strategy in real estate ownership.

Safehold Inc. (NYSE: SAFE) will release its third quarter 2022 financial results on November 1, 2022, before market open. A conference call will follow at 10:00 a.m. ET for analysis of the results and ongoing operations, accessible via the company’s website. Safehold, a leader in the ground lease industry, aims to enhance value for real estate owners while offering safe, growing income and long-term capital appreciation. The company's innovative approach targets high-quality multifamily, office, and mixed-use properties.

Safehold Inc. (NYSE: SAFE) announced the sale of a ground lease for $136 million, expected to result in a net gain of approximately $46 million in the fourth quarter. The deal will close subject to customary conditions, returning the original $77 million cost basis to the company. Proceeds will be distributed with about 83% going to Safehold and 17% to minority unit holders. The company continues to lead in the ground lease sector, helping real estate owners increase returns while minimizing risks.

Safehold Inc. (NYSE: SAFE) has declared a third quarter 2022 dividend of $0.177 per share, reflecting an annualized rate of $0.708 per share. This dividend is payable on October 14, 2022 to shareholders on record as of September 30, 2022. The company increased its dividend by 4.12% in the previous quarter. Safehold, a REIT, specializes in modern ground leases, aimed at enhancing returns for property owners while managing risk.