Safehold Announces Tax Treatment of 2024 Dividends

Rhea-AI Summary

Safehold Inc. (NYSE: SAFE) announced the tax treatment of its 2024 common stock dividends. The dividends, each amounting to $0.1770 per share, are distributed as follows:

• Record Date: 12/29/23, Payment Date: 1/16/24
• Record Date: 3/28/24, Payment Date: 4/15/24
• Record Date: 6/28/24, Payment Date: 7/15/24
• Record Date: 9/30/24, Payment Date: 10/15/24

Each dividend consists of $0.008487 as ordinary taxable dividend, which is also classified as a qualified dividend, and $0.168513 as return of capital (non-dividend distribution).

Safehold is a real estate investment trust (REIT) that aims to provide safe, growing income and long-term capital appreciation to its shareholders. The company focuses on high-quality multifamily, office, industrial, hospitality, student housing, life science, and mixed-use properties.

Positive

• Consistent quarterly dividend of $0.1770 per share.
• Qualified dividend provides favorable tax treatment.

Negative

• High proportion of dividend classified as return of capital ($0.168513 per share).

NEW YORK, Jan. 23, 2025 /PRNewswire/ -- Safehold Inc. (NYSE: SAFE) announced the tax treatment of its 2024 common stock dividends.

NYSE: SAFE
CUSIP: 78646V107

Record Date	Payment Date	Distribution per Share	Ordinary Taxable Dividend1	Qualified Dividend	Return of Capital (Non-Dividend Distribution)
12/29/23	1/16/24	$0.1770	$0.008487	$0.008487	$0.168513
3/28/24	4/15/24	$0.1770	$0.008487	$0.008487	$0.168513
6/28/24	7/15/24	$0.1770	$0.008487	$0.008487	$0.168513
9/30/24	10/15/24	$0.1770	$0.008487	$0.008487	$0.168513

1  The ordinary dividend of $0.008487 per quarter is classified as a qualified dividend and includes the amounts reported in the qualified dividend column.

About Safehold:

Safehold Inc. (NYSE: SAFE) is revolutionizing real estate ownership by providing a new and better way for owners to unlock the value of the land beneath their buildings. Having created the modern ground lease industry in 2017, Safehold continues to help owners of high quality multifamily, office, industrial, hospitality, student housing, life science and mixed-use properties generate higher returns with less risk. The Company, which is taxed as a real estate investment trust (REIT), seeks to deliver safe, growing income and long-term capital appreciation to its shareholders. Additional information on Safehold is available on its website at www.safeholdinc.com.

Company Contact:
Pearse Hoffmann
Senior Vice President
Capital Markets & Investor Relations
T 212.930.9400
E investors@safeholdinc.com 

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SOURCE Safehold

FAQ

What is the tax treatment of Safehold's 2024 dividends?

Safehold's 2024 dividends are classified as ordinary taxable dividends, qualified dividends, and return of capital.

How much is Safehold's 2024 quarterly dividend per share?

Safehold's 2024 quarterly dividend per share is $0.1770.

When are the payment dates for Safehold's 2024 dividends?

The payment dates for Safehold's 2024 dividends are 1/16/24, 4/15/24, 7/15/24, and 10/15/24.

What portion of Safehold's 2024 dividend is a qualified dividend?

Each $0.1770 dividend includes $0.008487 classified as a qualified dividend.

What portion of Safehold's 2024 dividend is return of capital?

Each $0.1770 dividend includes $0.168513 classified as return of capital.