Safehold Inc Stock Price, News & Analysis

Safehold Inc. (NYSE: SAFE) announced a common stock dividend of $0.16224 per share for Q4 2020, representing an annualized rate of $0.64896. This dividend is payable on January 15, 2021 to shareholders on record as of January 4, 2021. Safehold continues to innovate real estate ownership through its ground lease capital solution, enabling property owners in major U.S. markets to achieve higher returns with reduced risk. The company operates as a REIT, targeting safe, growing income and long-term capital appreciation for its shareholders.

iStar (NYSE: STAR) will present at the BofA Securities 2020 Leveraged Finance Virtual Conference on December 2, 2020, at 5:15 pm ET. CEO Jay Sugarman will lead the presentation, which can be accessed live through iStar's website. The company specializes in modern ground leases, unlocking value in real estate ownership. As the largest shareholder of Safehold (NYSE: SAFE), iStar has completed over $40 billion in transactions over the last twenty years. Replay of the presentation will be available shortly after the live event.

iStar Inc. (NYSE: STAR) announced an adjustment to its 3.125% Convertible Senior Notes due 2022, altering the conversion price to $14.23 per share from $14.47 following cash dividends payable on December 15, 2020. The adjusted rate allows holders to convert notes into approximately 70.2538 shares of common stock per $1,000 principal amount. This change is effective from November 30, 2020 and aims to reflect the recent dividend payments.

Safehold Inc. (NYSE: SAFE) announced that Chairman and CEO Jay Sugarman will participate in a discussion at Nareit’s REITworld: 2020 Annual Conference on November 19, 2020, at 12:00 PM ET. The presentation will be accessible to registered participants and a replay will be available on the Company’s website. Additionally, Safehold will host an interactive breakout session via Zoom at 12:30 PM ET. Safehold specializes in modern ground lease capital solutions, helping owners of high-quality properties in the U.S. maximize returns while managing risk.

iStar Inc. (NYSE: STAR) announced its fourth-quarter dividends for 2020, declaring $0.11 per share for Common Stock and varying amounts for its Preferred Stocks. The dividends are payable on December 15, 2020, to stockholders on record by December 1, 2020. The Preferred Stock dividends include $0.50 for 8.00% Series D, $0.478125 for 7.65% Series G, and $0.46875 for 7.50% Series I. iStar continues to innovate in the real estate sector, focusing on modern ground leases, and has completed over $40 billion in transactions over two decades.

Safehold Inc. (NYSE: SAFE) has announced the pricing of an underwritten public offering of 800,000 shares at $61.00 per share, totaling approximately $48.8 million. The offering was upsized from an initial 600,000 shares. Additionally, the company will privately sell 1,065,574 shares to iStar Inc. for about $65 million, culminating in total gross proceeds of $113.8 million. The funds will be used for ground lease investments, repaying borrowings under the revolving credit facility, and general business purposes. The offering is set to close on November 13, 2020.

iStar Inc. (NYSE: STAR) reported its Q3 2020 results on November 3, highlighting an unrealized gain of $1.2 billion from its Safehold investment and a commitment to lower-risk asset recycling. The company posted a net loss of ($0.03) per diluted share but reported adjusted earnings of $0.29 per share. iStar emphasizes its strong balance sheet with a debt maturity profile of approximately 4.5 years and aims to leverage its position as the largest shareholder of Safehold (NYSE: SAFE) to enhance intrinsic value in the market.

Safehold Inc. (NYSE: SAFE) reported a strong third quarter 2020, achieving revenue of $38 million, marking a 70% year-over-year increase. The company reported net income of $14.2 million, up 159% from the previous year, with earnings per share rising by 84% to $0.28. Safehold received 100% of its ground rent and made $105 million in new investments, with over $200 million of signed letters of intent (LOIs). Post-quarter, the company enhanced its revolving credit facility by $32.5 million.

Safehold Inc. (NYSE: SAFE) will announce its financial results for Q3 2020 on October 22, 2020, before market open. An earnings call will take place at 10:00 a.m. ET, accessible via the company’s website or by calling 844.291.6362 (U.S.) or 234.720.6995 (international). Safehold specializes in modern ground lease capital solutions, aimed at maximizing land value for property owners in key U.S. markets, across diverse sectors such as multifamily, office, and industrial.