Safehold Inc - SAFE STOCK NEWS

Safehold (NYSE: SAFE) announced that S&P Global Ratings has assigned it an initial credit rating of BBB+ with a positive outlook. This rating also applies to its subsidiary, Safehold GL Holdings According to CFO Brett Asnas, this rating reflects Safehold's strong asset quality, stable funding strategy, and market-leading position. S&P's report highlighted Safehold's focus on high-quality, long-term ground leases with predictable, contractually growing cash flows over 99 years, low leverage, and diversified funding. This rating is expected to improve Safehold's cost of capital and access to capital, aiding in long-term value creation for shareholders.

Star Holdings (NASDAQ: STHO) reported Q3 2024 results with net income of $91.9 million and earnings per share of $6.90. The results include a non-cash adjustment of $93.8 million related to their investment in 13.5 million SAFE shares, which increased EPS by $7.05. The company generated $6.1 million in land revenues from selling 31 lots at Magnolia Green and recorded $3.7 million in real estate income from final condominium closings at Asbury Ocean Club.

Safehold Inc. (NYSE: SAFE) reported its Q3 2024 results with revenue of $90.7 million and net income of $19.3 million. The company achieved earnings per share of $0.27, or $0.37 excluding non-cash credit loss provisions. During the quarter, Safehold closed $104 million in new originations, including three ground leases for $72 million and one leasehold loan for $32 million. The company also purchased its joint venture partner's ownership interest in all ground leases for a total commitment of $69 million, aiming to grow earnings and diversify its portfolio despite ongoing rate volatility in the real estate market.

Safehold Inc. (NYSE: SAFE) has announced the release date for its third quarter 2024 financial results. The company will disclose its results after the market close on Monday, October 28, 2024. Following this, Safehold will host an earnings conference call on Tuesday, October 29, 2024, at 9:00 a.m. ET to review the results and discuss operations.

Interested parties can access the live broadcast through Safehold's website. For those unable to attend, a replay will be available via dial-in from October 29, 2024, to November 12, 2024. Safehold, a real estate investment trust (REIT), is known for revolutionizing real estate ownership by providing innovative ground lease solutions for high-quality properties across various sectors.

Safehold Inc. (NYSE: SAFE) has declared a common stock dividend of $0.177 per share for the third quarter of 2024. This dividend represents an annualized rate of $0.708 per share and will be payable on October 15, 2024, to shareholders of record as of September 30, 2024. Safehold, established in 2017, is a real estate investment trust (REIT) that specializes in creating modern ground leases. The company aims to provide property owners with a new way to unlock the value of land beneath their buildings, offering higher returns with reduced risk across various real estate sectors including multifamily, office, industrial, hospitality, student housing, life science, and mixed-use properties.

Star Holdings (NASDAQ: STHO) reported its Q2 2024 results, filing a Quarterly Report on Form 10-Q. The company experienced a net loss of $27.1 million, with earnings per share at ($2.04). This includes a non-cash adjustment of ($17.7 million), reducing EPS by ($1.33), related to its investment in SAFE shares. Star Holdings recorded $15.7 million in land revenues, primarily from a Coney Island parcel and 50 lots at Magnolia Green.

The company's portfolio includes interests in the Asbury Park Waterfront, Magnolia Green residential development projects, and other commercial real estate properties and loans intended for monetization. Star Holdings also owns shares of Safehold Inc. (NYSE: SAFE) and aims to maximize shareholder value through active asset management and sales.

Safehold Inc. (NYSE: SAFE) reported strong Q2 2024 results, with revenue up 5% year-over-year to $89.9 million and net income attributable to common shareholders increasing 34% to $29.7 million. Earnings per share rose 20% to $0.42. The company closed six new ground leases for $98 million, bringing its total portfolio to 143 ground leases valued at $6.5 billion. Safehold also secured a new $2.0 billion unsecured revolving credit facility, replacing previous facilities and reducing costs. Additionally, the company established a $750 million unsecured commercial paper note program. CEO Jay Sugarman expressed optimism about increasing transaction activity and the company's ability to deliver value to customers.

Safehold Inc. (NYSE: SAFE) has announced the release date for its second quarter 2024 financial results. The company will disclose its earnings after the market closes on Monday, July 29, 2024, followed by an earnings conference call on Tuesday, July 30, 2024, at 9:00 a.m. ET. Investors can access the live broadcast through Safehold's website. The company, which operates as a REIT, is known for revolutionizing real estate ownership by providing innovative ground lease solutions for high-quality properties across various sectors. Safehold aims to deliver safe, growing income and long-term capital appreciation to its shareholders.

Safehold (NYSE: SAFE), a pioneer in the ground lease industry, has concluded ground leases to develop four affordable housing communities in Northern California. This expansion encompasses 781 units spread across three San Jose locations and one in Concord, California. Partnering with The Pacific Companies, a notable affordable housing developer, these projects aim to address significant demand for low-income housing. During Q2 2024, Safehold closed six ground lease transactions and has invested $6.5 billion in ground leases to date. Safehold leverages its strong balance sheet to drive innovation and meet market needs, enhancing its footprint in the affordable housing sector.