Safehold Inc Stock Price, News & Analysis

Safehold Inc. (NYCE: SAFE) reported strong financial performance for Q4 and FY 2022. Q4 '22 revenue reached $73.4 million, while FY '22 totaled $270.3 million. Net income for Q4 was $21.8 million and $135.4 million for the fiscal year. Earnings per share for Q4 stood at $0.35, with an annual EPS of $2.21. The company successfully closed 26 ground leases in 2022, valued at $1.4 billion, enhancing its portfolio to 131 leases worth $6.2 billion. Additionally, Safehold's UCA increased by $2.4 billion, totaling $10.5 billion. Credit ratings from Moody's and Fitch are on a positive outlook.

iStar Inc. (NYSE: STAR) announced it will release its financial results for Q4 and fiscal year 2022 on February 21, 2023, before market opening. The company will host an earnings conference call at 10:00 a.m. ET on the same day, accessible via its website. iStar focuses on enhancing the ground lease sector, targeting the $7 trillion commercial real estate market, leveraging its expertise in finance. With over $40 billion in transactions over the past two decades, iStar aims to expand modern ground leases and unlock value for real estate owners. Further details can be found on iStar's website.

Safehold Inc. (NYSE: SAFE) has announced its fourth quarter and fiscal year 2022 financial results will be released on February 14, 2023, prior to market open. The company will also host a conference call at 10:00 a.m. ET to discuss the results and operations, accessible via its website. Safehold, a leader in ground lease real estate, aims to provide innovative solutions to property owners, enhancing returns with lower risk. The company emphasizes its position as a real estate investment trust (REIT), focusing on delivering safe, growing income and capital appreciation to shareholders.

Safehold Inc. (NYSE: SAFE) announced on Feb. 1, 2023, that Fitch Ratings has affirmed its unsecured corporate credit rating at BBB+ and upgraded its outlook from Stable to Positive. This recognition reflects the strong credit characteristics of the business as it continues to expand its ground lease platform efficiently. Safehold, a pioneer in the modern ground lease industry, aims to unlock land value for owners of various property types, including multifamily and mixed-use properties. The company operates as a REIT, providing safe income and long-term capital appreciation to its shareholders.

Venator Materials PLC announced difficult fourth quarter 2022 results, marked by a challenging macro environment leading to expected adjusted EBITDA losses of approximately $(57)-(62) million. The company’s estimated liquidity stands at $275 million as of December 31, 2022. In response to these challenges, Venator appointed financial and legal advisors Moelis & Company and Kirkland & Ellis to assist in a strategic review. Two new independent directors, Stefan M. Selig and Jame Donath, were appointed, with Selig replacing Barry Siadat as Chairman of the Board.

On January 17, 2023, Safehold Inc. (NYSE: SAFE) announced the tax treatment of its 2022 common stock dividends, providing clarity for investors regarding their dividend distributions. The company distributed $0.1700 per share on January 14, April 15, July 15, and October 14, with capital gains classified under Section 1231 of the Internal Revenue Code. The total capital gain distribution for 2022 is identified as a 'Section 897 Capital Gain', exempt from standard REIT disclosures. Safehold, managed by iStar Inc., aims to enhance real estate ownership through innovative ground lease solutions.

iStar (NYSE: STAR) announced that all dividends paid in 2022 will be classified as capital gain distributions under Internal Revenue Code section 857(b)(3)(B). These distributions arise from long-term capital gains from the sale of shares in controlled real estate investment trusts. Notably, the total dividend distribution per share includes $2.5911225 in capital gain distributions. The record dates for dividends were March 1, June 1, September 1, and December 1, with corresponding payment dates on March 15, June 15, September 15, and December 15, 2022.

Safehold Inc. (NYSE: SAFE) has successfully closed a $500 million unsecured revolving credit facility, enhancing its financial flexibility. The facility features a borrowing rate of adjusted SOFR plus 100 basis points, maturing on July 31, 2025. Additionally, Safehold has amended its existing $1.35 billion revolving credit facility to transition from LIBOR to SOFR. The facilities' pricing is contingent upon Safehold's credit ratings. CFO Brett Asnas emphasized prudent balance sheet management as the company expands its business and capital sources.

Safehold Inc. (NYSE: SAFE) announced a $0.177 dividend per share for Q4 2022, reflecting an annualized rate of $0.708. The dividend will be paid on January 13, 2023 to shareholders on record as of December 30, 2022. This announcement underscores Safehold's commitment to providing safe and growing income to its shareholders as a real estate investment trust (REIT) focused on enhancing land value under various property types.