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 transforming commercial real estate through its innovative ground lease model as the first publicly traded company dedicated to modern ground leases. This news hub provides investors and industry professionals with essential updates on Safehold's strategic initiatives, financial performance, and market leadership in the REIT sector.
Access authoritative information on earnings announcements, portfolio expansions, and industry partnerships directly from official sources. Our curated news collection covers key developments including acquisitions of prime commercial properties, innovative lease structuring, and leadership in sustainable real estate solutions.
Key focus areas include updates on multifamily housing projects, industrial property leases, and advancements in affordable housing financing. Stay informed about regulatory changes impacting ground leases and Safehold's responses to market trends through verified press releases and financial disclosures.
Bookmark this page for streamlined access to SAFE's latest operational milestones and strategic positioning within the evolving commercial real estate landscape. Check regularly for updates that matter to stakeholders in institutional and retail investment communities.
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.
Safehold (NYSE: SAFE) has launched a $750 million unsecured commercial paper note program through its operating company, Safehold GL Holdings This program allows the issuance of unsecured commercial paper notes, which will rank equally with other senior unsecured debt of the operating company and are fully guaranteed by Safehold. The proceeds will be used for general corporate purposes. Safehold expects cost of capital benefits compared to its $2.0 billion revolving credit facility, which will serve as a liquidity backstop for the notes. The notes are not registered under the Securities Act of 1933 and cannot be sold in the U.S. without registration or exemption.
Safehold (NYSE: SAFE) announced a common stock dividend of $0.177 per share for Q2 2024. This dividend translates to an annualized rate of $0.708 per share. Payment is scheduled for July 15, 2024, to shareholders recorded by June 28, 2024.
Safehold, a pioneer in the modern ground lease industry since 2017, focuses on enhancing the value of land beneath properties. Targeting diverse property types including multifamily, office, and industrial, Safehold aims to offer safer, higher returns and long-term capital appreciation. The company operates as a real estate investment trust (REIT).
Safehold (NYSE: SAFE) has closed a ground lease for the development of The Orion, a 166-unit senior affordable community in Orange, California, undertaken by USA Properties Fund. This move aligns with Safehold's strategy of leveraging its ground lease platform to provide long-term, accretive capital for high-quality developments. The project aims to address the need for affordable housing and reflects Safehold's commitment to lucrative real estate investments. Safehold, a REIT, continues to innovate in real estate ownership by helping property owners unlock land value and generate higher returns with reduced risk.
Star Holdings (NASDAQ: STHO) reported a net loss of ($49.0 million) and earnings per share of ($3.68) for the first quarter of 2024. The results include a non-cash adjustment of ($37.9 million) related to investments in SAFE shares. The company generated $16.6 million in land revenues during the quarter. Star Holdings focuses on maximizing shareholder value by managing assets and pursuing asset sales.
Safehold Inc. (NYSE: SAFE) reported strong first quarter 2024 results with revenue of $93.2 million, net income of $30.7 million, and earnings per share of $0.43. The company closed a new $2.0 billion unsecured credit facility, issued $300 million of 10-year unsecured notes, and realized hedge gains of $21 million. Safehold remains agile in a volatile macro environment, focusing on capital raises and pipeline expansion. The company's Chairman and CEO, Jay Sugarman, highlighted the positive outlook for capital deployment and customer service. Safehold's modern ground lease model aims to optimize real estate ownership and deliver consistent returns to shareholders.
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