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.
Safehold Inc. (NYSE: SAFE) has announced that Chairman and CEO Jay Sugarman will present at Nareit’s REITweek: 2021 Investor Conference on June 9, 2021, at 1:45 PM ET. The presentation will be live-streamed and available for access via Nareit’s website.
Safehold is transforming real estate ownership by allowing property owners to unlock land value through the modern ground lease industry. As a REIT, it focuses on delivering growing income and long-term capital appreciation for shareholders, managing high-quality properties across multiple sectors.
iStar Inc. (NYSE: STAR) has announced an adjustment to the conversion rate of its 3.125% Convertible Senior Notes due 2022, effective May 31, 2021. The new conversion price stands at $14.04 per share, allowing for 71.2325 shares of common stock per $1,000 principal amount of notes. This adjustment is in response to cash dividends payable on June 15, 2021. The company, a pioneer in the ground lease sector through its subsidiary Safehold Inc. (NYSE: SAFE), is focused on maximizing value in commercial real estate markets, having completed over $40 billion in transactions.
iStar Inc. (NYSE: STAR) announced that its Chief Financial Officer, Jeremy Fox-Geen, will be leaving to pursue a role in the cryptocurrency infrastructure sector. CEO Jay Sugarman expressed gratitude for Fox-Geen's contributions and stated that iStar will not seek a replacement in the near term, relying on existing capital markets and investor relations teams. iStar focuses on reinventing the ground lease sector, aiming to unlock value in $7 trillion commercial real estate through modern leases, having completed over $40 billion in transactions over two decades.
Safehold Inc. (NYSE: SAFE) announced that CFO Jeremy Fox-Geen will depart this month to pursue an opportunity in cryptocurrency infrastructure. CEO Jay Sugarman expressed gratitude for Fox-Geen's contributions and confirmed the absence of an immediate replacement, emphasizing the strength of their capital markets and investor relations teams. Safehold continues to focus on scaling its ground lease ecosystem to enhance its portfolio's value.
iStar Inc. (NYSE: STAR) reported first-quarter results for 2021, indicating a net loss of $0.4 million or $0.01 per diluted share. Adjusted earnings stood at $22.7 million, equating to $0.30 per diluted share. The company realized $56 million from legacy asset sales, achieving a 6% reduction in its legacy asset portfolio. iStar's Safehold position reflects a market value of $2.4 billion with 34.8 million shares. CEO Jay Sugarman expressed satisfaction with the progress in scaling and maintaining a robust balance sheet, emphasizing their strategic focus for the year.
Safehold has priced a public offering of $400 million of 2.800% senior notes due in 2031. The notes were priced at 99.127% of principal and will mature on June 15, 2031. The offering is expected to settle on May 7, 2021. Proceeds will be used to repay borrowings under an unsecured credit facility and for general corporate purposes, including investments in ground leases. J.P. Morgan, Goldman Sachs, and BofA Securities are among the underwriters. The offering is made under an effective shelf registration statement.
Safehold Inc. (NYSE: SAFE) announced its first-quarter 2021 results, reporting revenue of $43.5 million and a net income of $16.9 million. The company achieved an earnings per share of $0.32. Safehold also completed $166 million in new ground lease investments with an effective yield of 5.3%, along with securing a $1.0 billion recast unsecured revolving credit facility. With $770 million in cash and credit availability, Safehold is positioned for growth and expansion in the ground lease market.
Safehold Inc. (NYSE: SAFE) will release its financial results for Q1 2021 on April 22, 2021, before market open. A conference call will follow at 10:00 a.m. ET to discuss the results and operations, accessible via the company's website. Safehold innovates real estate ownership by enhancing land value for property owners. The firm, operating as a REIT, aims to provide safe income and long-term capital appreciation to shareholders, leveraging its expertise in the ground lease industry created in 2017.
iStar Inc. (NYSE: STAR) will release its Q1 2021 financial results on April 29, 2021, before market opening. A live conference call to discuss these results will take place at 10:00 a.m. ET, accessible via iStar's website. The call will provide insights into iStar's operations and its role in the $7 trillion institutional commercial real estate market. iStar is the largest shareholder of Safehold Inc. (NYSE: SAFE), focusing on modern ground leases to unlock value for real estate owners. Past transactions exceed $40 billion over two decades.
Safehold Inc. (NYSE: SAFE) has upgraded its credit facility, replacing a $600 million secured revolving credit with a new $1.0 billion unsecured revolving credit facility. This change results in a 30 basis point reduction in interest rates, now set at LIBOR plus 100 basis points. The facility matures in March 2024 and includes two extension options. CEO Jay Sugarman highlighted the move as a significant step in enhancing financial flexibility and accessing lower-cost capital.