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 a real estate investment trust (REIT) that focuses on modern ground leases, separating land ownership from building operations for commercial properties. This news page aggregates company announcements, earnings updates, financing developments and transaction activity related to Safehold’s ground lease platform.
Readers can find earnings releases and presentations where Safehold reports quarterly results, discusses portfolio performance and provides details on revenue, net income and ground lease originations. The company also uses news releases to share information about its estimates of unrealized capital appreciation (UCA) in its owned residual portfolio and to explain the valuation methodology behind Combined Property Value.
Safehold’s news flow frequently highlights ground lease transactions, including new originations and forward commitments. Recent announcements have focused on ground leases supporting Low-Income Tax Credit affordable housing developments in Los Angeles, the San Fernando Valley and the Woodland Hills area of Los Angeles, reflecting the company’s dedicated Affordable Housing team and platform.
Investors can also follow capital markets and balance sheet updates, such as unsecured term loan agreements, amendments to revolving credit facilities, and commentary on credit ratings from major rating agencies. These items provide insight into Safehold’s long-term, laddered balance sheet and its approach to liquidity and debt structure.
Governance and leadership developments appear here as well, including the appointment of senior executives and related inducement equity awards under stock exchange rules. For anyone tracking SAFE stock, this page offers a centralized view of Safehold’s operational, financial and strategic announcements over time.
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.
Safehold Inc. (NYSE: SAFE) announces the appointment of Ryan Howard as Senior Vice President, Investments, focusing on the Southeast region. Safehold, valued at nearly $6B in assets, aims to expand its ground lease portfolio, currently exceeding 125 leases. Tim Doherty, Head of Investments, emphasized Howard's experience in real estate and his network as key for growth in the Southeast. Howard previously established the Miami office for Centennial Bank, enhancing its commercial real estate loans business.
iStar Inc. (NYSE: STAR) has declared quarterly dividends for Q3 2022, payable on September 15, 2022. The dividends include $0.125 per share for common stock and varying amounts for three series of preferred stock:
- 8.00% Series D: $0.50
- 7.65% Series G: $0.478125
- 7.50% Series I: $0.46875
Record date for dividends is September 1, 2022. iStar focuses on transforming the ground lease sector and has completed over $40 billion in transactions.