Safehold Declares Third Quarter 2024 Common Stock Dividend
Rhea-AI Summary
Safehold Inc. (NYSE: SAFE) has declared a common stock dividend of $0.177 per share for the third quarter of 2024. This dividend represents an annualized rate of $0.708 per share and will be payable on October 15, 2024, to shareholders of record as of September 30, 2024. Safehold, established in 2017, is a real estate investment trust (REIT) that specializes in creating modern ground leases. The company aims to provide property owners with a new way to unlock the value of land beneath their buildings, offering higher returns with reduced risk across various real estate sectors including multifamily, office, industrial, hospitality, student housing, life science, and mixed-use properties.
Positive
- Consistent dividend payment, indicating financial stability
- Diversified portfolio across multiple real estate sectors
- Innovative business model focused on ground leases
Negative
- None.
News Market Reaction – SAFE
On the day this news was published, SAFE gained 3.50%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
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
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