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 (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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