Safehold (SAFE) Stock News, Feb-Jun 2025

Safehold (NYSE: SAFE), a pioneering real estate investment trust (REIT), has announced its Q2 2025 common stock dividend of $0.177 per share, equating to an annualized rate of $0.708 per share. The dividend will be paid on July 15, 2025, to shareholders of record as of June 30, 2025. Safehold, established in 2017, specializes in modernizing real estate ownership through ground lease solutions, enabling property owners to maximize returns with reduced risk across various sectors including multifamily, office, industrial, hospitality, student housing, life science, and mixed-use properties.

Safehold Inc. (NYSE: SAFE), a leader in the modern ground lease industry, has completed a significant transaction involving a ground lease for a 336-unit multifamily property in Florida's Space Coast region. This marks Safehold's 18th deal in Florida and its first collaboration with Texas-based JT Capital. The transaction includes both a ground lease and a leasehold loan to facilitate the recapitalization of the stabilized property. The deal demonstrates Safehold's ability to provide efficient financing solutions and lower-cost, long-term capital to property owners. This expansion in the Florida market reinforces Safehold's position as a key player in the ground lease industry while establishing a new strategic partnership with JT Capital.

Safehold Inc. (NYSE: SAFE) has announced the closure of a ground lease agreement for The Benjamin, a new 364-unit multifamily development project in the Boston metropolitan area. This marks Safehold's first collaboration with The Michaels Organization, a prominent national multifamily investor and developer. The deal reinforces Safehold's growing presence in the multifamily sector, where it currently maintains over 85 assets across major U.S. markets.

As the pioneer of the modern ground lease industry since 2017, Safehold specializes in providing innovative real estate ownership solutions that help property owners maximize value and generate higher returns with reduced risk. The company operates as a Real Estate Investment Trust (REIT) and focuses on high-quality properties across various sectors including multifamily, office, industrial, hospitality, and life science.

Star Holdings (NASDAQ: STHO) reported its Q1 2025 financial results, posting a net loss of $7.6 million or ($0.57) per share. The results include a non-cash adjustment of $3.2 million related to its investment in 13.5 million SAFE shares. The company generated $5.2 million in land revenues from selling 45 lots at Magnolia Green. Post-quarter, STHO sold an Asbury Park parcel for $14.0 million. The company also amended its credit facilities, extending debt maturities to March 2028, adding a $15.8 million delayed-draw feature to its Margin Loan Facility, and authorizing a $10.0 million share repurchase program.

Safehold Inc. (NYSE: SAFE) reported its Q1 2025 financial results, with revenue reaching $97.7 million. The company achieved net income attributable to common shareholders of $29.4 million, or $31.3 million excluding non-recurring losses. Earnings per share were $0.41, or $0.44 excluding non-recurring items. The company has a robust pipeline with non-binding Letters of Intent (LOIs) totaling ~$386 million, comprising 11 ground leases (~$273 million) and 4 leasehold loans (~$113 million). The quarter saw a non-recurring loss of $1.9 million related to a write-off of a preferred equity investment. Safehold, established in 2017, specializes in ground lease investments across various real estate sectors including multifamily, office, industrial, hospitality, student housing, life science, and mixed-use properties.

Safehold (NYSE: SAFE) has scheduled its first quarter 2025 financial results release for Tuesday, May 6, 2025, after market close. The company will host an earnings conference call on Wednesday, May 7, 2025, at 9:00 a.m. ET.

Investors can access the live broadcast through Safehold's website at www.safeholdinc.com. For direct participation, domestic callers can dial 888.506.0062, while international participants should use 973.528.0011 (Access Code: 101208). A replay will be available until May 21, 2025.

Safehold is a REIT that has transformed real estate ownership since 2017 by pioneering the modern ground lease industry. The company helps property owners of high-quality multifamily, office, industrial, hospitality, student housing, life science, and mixed-use properties achieve higher returns with reduced risk.

Star Holdings (NASDAQ: STHO) has announced two major developments: a $10 million share repurchase program and successful debt extensions. The Board authorized share buybacks through open market or private transactions, subject to market conditions. The company secured several amendments to its financing arrangements, including:

- Extension of Term Loan Credit Agreement maturity to March 31, 2028, with current balance of $115.0 million
- Management fee increase from $5.0M to $7.5M for 2026-2027 period
- Margin Loan Facility extension to March 31, 2028 with $15.8M additional funding availability
- Increase in Termination Fee to $55.0M

Star Holdings' portfolio includes interests in Asbury Park Waterfront, Magnolia Green residential developments, and Safehold Inc. (NYSE: SAFE) shares.

Safehold Inc. (NYSE: SAFE) has announced its Q1 2025 common stock dividend declaration. The company will pay $0.177 per share for the first quarter, equivalent to an annualized rate of $0.708 per share. The dividend will be paid on April 15, 2025 to shareholders of record as of March 31, 2025.

Safehold, established in 2017, operates as a Real Estate Investment Trust (REIT) specializing in modern ground lease industry. The company focuses on helping owners of various high-quality properties, including multifamily, office, industrial, hospitality, student housing, life science, and mixed-use properties, to achieve higher returns with reduced risk through innovative real estate ownership solutions.

Star Holdings (NASDAQ: STHO) has reported its financial results for Q4 and FY2024. The company recorded a net loss of $102.6 million in Q4 and $86.8 million for the full year, with losses per share of $7.70 and $6.51 respectively. These results were significantly impacted by a non-cash mark-to-market adjustment related to their investment in approximately 13.5 million SAFE shares, resulting in a $104.8 million loss in Q4 and $66.5 million for the year.

During Q4, the company completed the sale of a California property for $21.5 million, generating a net profit of $12.3 million. The company provided the buyer with a $17.75 million short-term financing loan. Star Holdings' portfolio includes interests in the Asbury Park Waterfront, Magnolia Green residential development projects, and other commercial real estate properties.