Safehold Inc Stock Price, News & Analysis

Safehold Inc. (NYSE: SAFE) is set to release its financial results for Q3 2021 on October 21, 2021, before the market opens. An earnings conference call will occur at 10:00 a.m. ET to discuss these results, accessible via Safehold's website. Investors can dial in at 877.336.4440 (international: 409.207.6984) with access code 9109212. A replay will be available from 2:30 p.m. ET on the same day through November 4, 2021.

Safehold Inc. (NYSE: SAFE) has priced a public offering of 2,200,000 shares at $76.00 each, generating approximately $167.2 million in gross proceeds. The offering was upsized from 2,000,000 shares. A 30-day option for underwriters to purchase an additional 330,000 shares is included. Concurrently, the company is selling 657,894 shares to iStar Inc. (NYSE: STAR) for $50 million. In total, Safehold will raise $217.2 million for ground lease investments, credit facility repayments, and general corporate purposes. The offering closes on September 27, 2021.

Safehold Inc. (NYSE: SAFE) announced a public offering of 2,000,000 shares of its common stock, with an option for underwriters to purchase an additional 300,000 shares. Concurrently, the company will privately sell shares to iStar Inc. worth $50 million. The net proceeds will be used for investments in ground leases, repaying borrowings, and general corporate purposes. Goldman Sachs, BofA Securities, J.P. Morgan, and Morgan Stanley are the joint book-running managers for this offering.

Safehold Inc. (NYSE: SAFE) has announced a common stock dividend of $0.17 per share for Q3 2021, marking an annualized rate of $0.68 per share. The dividend is payable on October 15, 2021 to shareholders of record on September 30, 2021. This initiative reflects Safehold's commitment to delivering consistent returns and enhancing shareholder value, as the company continues to innovate within the real estate sector by optimizing ground lease structures.

iStar Inc. (NYSE: STAR) reported its second quarter results for the period ending June 30, 2021. The company faced a net loss of $19.5 million, equating to $0.27 per diluted share, while adjusted earnings stood at $12 million or $0.15 per diluted share. The unrealized gain on its Safehold investment grew by $289 million to $1.7 billion. Additionally, iStar received a credit rating upgrade from Fitch to BB and highlighted $34 million from legacy asset sales proceeds during the quarter, with a further $167 million closed after the quarter ended.

Safehold Inc. (NYSE: SAFE) reported a strong second quarter for 2021, achieving $44.2 million in revenue and $14.7 million in net income, equating to earnings per share of $0.28. The company made $222 million in new ground lease investments and saw $374 million in UCA growth. Safehold also initiated a $400 million initial unsecured bond offering and launched a new product, Ground Lease Plus, targeting pre-development opportunities. The company is poised for continued growth with a robust pipeline and ample liquidity.

Safehold Inc. (NYSE: SAFE) has announced it will release its financial results for Q2 2021 on July 22, 2021, before market open. The earnings conference call will take place at 10:00 a.m. ET, accessible via Safehold's website. The Company aims to revolutionize real estate ownership through innovative ground leases, enhancing returns with reduced risk for property owners. As a REIT, it is focused on delivering growing income and long-term capital appreciation to shareholders. Further details can be found on their website.

iStar Inc. (NYSE: STAR) is set to release its Q2 2021 financial results on August 3, 2021, before market opening. A conference call will follow at 10:00 a.m. ET for discussion on results and operations, accessible via the company’s website. Additionally, iStar focuses on enhancing the ground lease sector, leveraging its position as the main shareholder of Safehold Inc. (NYSE: SAFE). With over $40 billion in transactions over two decades, iStar aims to optimize opportunities in the $7 trillion commercial real estate market.

iStar Inc. (NYSE: STAR) has announced plans to explore market interest for potential sales of its net lease assets, engaging Eastdil Secured as an advisor. The company's net lease portfolio encompasses 19 million square feet of office, entertainment, and industrial properties nationwide. There is no guarantee on the sale of these assets or their terms. iStar aims to enhance the ground lease sector and has executed over $40 billion in transactions in the last 20 years, focusing on modernizing ground leases within the $7 trillion institutional commercial real estate market.