Safehold Inc Stock Price, News & Analysis

Safehold Inc. (NYSE: SAFE) has declared a common stock dividend of $0.177 per share for Q2 2022, marking an annualized rate of $0.708. This dividend will be paid on July 15, 2022, to shareholders on record as of June 30, 2022. Safehold, a leader in modern ground leases, aims to enhance the value of real estate ownership while providing stable income and long-term capital appreciation for investors. The company operates as a real estate investment trust (REIT) and is managed by iStar Inc.

iStar Inc. (NYSE: STAR) revised the conversion rate for its 3.125% Convertible Senior Notes due 2022, following the announcement of cash dividends on June 15, 2022. The new conversion price is $13.73 per share, effective May 31, 2022, allowing 72.8554 shares of common stock per $1,000 principal amount. This adjustment will be communicated to note holders and the trustee. iStar focuses on modernizing ground leases and holds a significant stake in Safehold Inc. (NYSE: SAFE), aiming to innovate within the $7 trillion commercial real estate market.

Safehold Inc. (NYSE: SAFE) announced a definitive note purchase and private shelf agreement for a private placement of $150 million in 5.15% senior unsecured notes due May 13, 2052. The notes feature a stairstep coupon rate starting at 2.50% for the first decade and rising to 5.15% in years 21-30. The financing includes a treasury lock agreement, resulting in a net yield of 4.92%. Proceeds will repay borrowings and support general corporate activities, including potential investments in ground leases.

iStar Inc. (NYSE: STAR) announced a quarterly dividend of $0.125 per share on its Common Stock, payable on June 15, 2022 to holders of record by June 1, 2022. Additionally, dividends on its Preferred Stock were declared, including $0.50 for the 8.00% Series D, $0.478125 for the 7.65% Series G, and $0.46875 for the 7.50% Series I, all payable on the same date. iStar focuses on modernizing ground leases and has conducted over $40 billion in transactions in the last two decades, underpinning its strategy in the $7 trillion commercial real estate market.

Safehold Inc. (NYSE: SAFE) reported strong Q1 2022 results, showcasing a 35% increase in earnings per share at $0.43 and a 39% increase in revenue, reaching $60.4 million. The company closed $677 million in new originations, totaling $5.5 billion in portfolio. The annualized cash rent generated is $164 million with a 5.1% yield. Furthermore, the UCA grew by $1.3 billion to $9.4 billion. Chairman Jay Sugarman emphasized the ample liquidity with over $1 billion available for future opportunities.

Safehold Inc. (NYSE: SAFE) will release its Q1 2022 financial results on April 21, 2022, before the market opens. An earnings conference call will follow at 10:00 a.m. ET, accessible via the company's website. Safehold focuses on modern ground leases, offering land value unlocks for property owners. The company aims to provide safe income growth and long-term capital appreciation for its shareholders, being managed by iStar Inc. Interested parties can access the call through Safehold's investor section.

iStar Inc. (NYSE: STAR) has announced privately negotiated exchange agreements to convert $194 million of its 3.125% Convertible Senior Notes due 2022 into 13.75 million shares of common stock and $14 million in cash. Following this exchange, $93 million of notes will remain, convertible at $13.83 per share. The CEO stated these moves will strengthen the balance sheet, reduce debt, and save on interest expenses as maturity approaches on September 15, 2022.

iStar Inc. (NYSE: STAR) has completed the sale of a portfolio of net lease assets to Carlyle's Global Credit platform for $3.07 billion. This sale, encompassing 18.3 million square feet of properties, aims to simplify iStar's operations and enhance its financial position. The transaction is anticipated to yield a significant positive impact, including $570 million to net income and $1.2 billion in net cash proceeds after costs. Additionally, iStar sold other net lease assets for $108 million, further contributing to its financial growth.

Safehold Inc. (NYSE: SAFE) has announced a common stock dividend of $0.17 per share for Q1 2022, marking an annualized rate of $0.68 per share. The dividend is payable on April 15, 2022 to shareholders on record as of March 31, 2022. This decision reflects the company's commitment to delivering safe and growing income to its shareholders while contributing to long-term capital appreciation. Safehold, a real estate investment trust (REIT), focuses on unlocking land value beneath buildings to provide higher returns with reduced risk.