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. reports recurring developments as a real estate investment trust focused on long-term ground leases and related leasehold financing. Its news centers on quarterly earnings, new ground lease originations, leasehold loans, common stock dividends and portfolio measures such as estimated unrealized capital appreciation tied to residual provisions in its ground lease investments.
Company updates also cover Safehold's activity across multifamily, affordable housing, office, industrial, hospitality, student housing, life science and mixed-use properties. Recent announcements emphasize affordable housing ground leases, Low-Income Housing Tax Credit projects, market expansion and relationships with real estate developers using ground lease capital in project financing.
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.
iStar Inc. (NYSE: STAR) announced that its CEO, Jay Sugarman, will present at the Barclays Global Financial Services Conference on September 14, 2020, at 12:00 pm ET. The presentation will be accessible via iStar's website in the 'Investors' section, with a replay available shortly after for those unable to attend live.
iStar focuses on reinventing the ground lease sector, enhancing value for real estate owners across the U.S., and has completed over $40 billion in transactions in the last two decades.