Safehold Inc Stock Price, News & Analysis

Safehold Inc. (NYSE: SAFE) has appointed Jesse Hom to its Board of Directors, effective immediately. Hom brings over 15 years of experience in the commercial real estate sector, focusing on investments and asset management. He is currently the Managing Director and Global Head of Real Estate Credit at GIC, Singapore's sovereign wealth fund. The company aims to provide innovative ground lease solutions to enhance property ownership values, supporting safer and growing returns for shareholders.

Safehold Inc. (NYSE: SAFE) announced an upsized $1.35 billion unsecured revolving credit facility, increasing it by $350 million without altering existing terms. This enhanced credit facility aims to provide flexible capital for customer needs while positioning the company for a strong finish in 2021 and an exciting 2022 ahead. Jay Sugarman, CEO, emphasized the expansion in the context of the company’s ongoing growth strategy. The facility is managed by JPMorgan Chase Bank, with several joint lead arrangers involved.

Safehold Inc. (NYSE: SAFE) declared a dividend of $0.17 per share for Q4 2021, translating to an annualized rate of $0.68. The dividend payment is scheduled for January 14, 2022, to shareholders on record by January 3, 2022. The company, structured as a Real Estate Investment Trust (REIT), focuses on innovative ground lease solutions, helping real estate owners enhance returns with reduced risk.

Safehold Inc. (NYSE: SAFE) announced that CEO Jay Sugarman will present at the Goldman Sachs U.S. Financial Services Conference on December 8, 2021, at 4:20 PM ET. The presentation will be broadcast live, and interested parties can access the link and accompanying investor presentation through Safehold's website in the "Investors" section. Safehold is transforming real estate ownership with its modern ground lease capital solutions, enabling property owners across the U.S. to optimize returns with reduced risk.

iStar Inc. (NYSE: STAR) announced an adjustment to its 3.125% Convertible Senior Notes due 2022 conversion rate, set to $13.90 per share, effective November 30, 2021. This adjustment follows the common stock cash dividends scheduled for December 15, 2021. Holders of the notes and U.S. Bank National Association have been notified as per the indenture terms. iStar is focused on reinventing the ground lease sector and has completed over $40 billion in transactions, aiming to unlock value for real estate owners.

iStar Inc. (NYSE: STAR) announced the declaration of its quarterly dividends for the fourth quarter of 2021. The dividends are scheduled for payment on December 15, 2021, to stockholders on record as of December 1, 2021. Common Stock dividends stand at $0.125 per share, while the preferred stock dividends include $0.50 for Series D and $0.478125 for Series G, each with a liquidation preference of $25.00. This reflects iStar's ongoing commitment to returning value to its shareholders.

Safehold Inc. (NYSE: SAFE) announced a public offering of $350 million in 2.850% senior notes due 2032, priced at 99.123% of the principal amount. The offering will settle on November 18, 2021. Proceeds will be used to repay borrowings under its unsecured revolving credit facility and for general corporate purposes, including potential investments in ground leases. The offering is managed by top financial institutions, indicating strong market interest.

iStar (NYSE: STAR) announced that it has secured necessary consents for amendments to the indentures of its 4.75% Senior Notes due 2024, 4.25% Senior Notes due 2025, and 5.50% Senior Notes due 2026. This follows a Consent Solicitation initiated on October 21, 2021, aimed at aligning the indentures with the anticipated sale of the Company’s net lease assets. Supplemental indentures have been executed, and consent fees are expected to be paid by November 1, 2021. iStar focuses on modern ground leases and is a major shareholder of Safehold (NYSE: SAFE).