Every 8-K that Safehold Inc (SAFE) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow SAFE and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full SAFE filings page.
Safehold Inc. reports that effective August 1, 2026, it relocated its principal executive offices to One Penn Plaza, 51st Floor, New York, NY 10119 from 1114 Avenue of the Americas, 39th Floor, New York, NY 10036.
All future correspondence is to be directed to the new address, and the company’s telephone number remains (212) 930-9400.
Safehold Inc. reports that as of June 30, 2026, estimated unrealized capital appreciation (“UCA”) in its owned residual portfolio of ground leases is $9,770 million. This represents the excess of an aggregate Combined Property Value of $16,676 million over aggregate ground lease cost of $6,906 million, based on valuations that assume fee-simple ownership of land and improvements without the ground leases in place.
The company explains its policy of targeting ground leases initially priced at 30%–45% of Combined Property Value and describes how independent appraiser CBRE, Inc. and, in some cases, internal estimates are used to derive Combined Property Values. Safehold emphasizes that UCA is a non‑GAAP, assumption‑driven measure that may not reflect current market conditions, may change over time, and might never be realized, particularly given the long (30‑ to 99‑year) lease terms and tenant rights that can limit residual value.
Safehold also updates information on its Caret unit program within Safehold GL Holdings LLC. As of June 30, 2026, the company owns 83.4% of outstanding Caret units, has sold 122,500 units to third‑party investors, and has 14,396 units available for performance‑based awards, with vesting schedules tied to stock‑price and service conditions.
Safehold Inc. furnished an earnings release and earnings presentation for the quarter ended June 30, 2026, making these materials available on its website and attaching them as Exhibits 99.1 and 99.2. The materials are provided under Items 2.02 and 7.01 and are treated as furnished, not filed, under securities laws.
Safehold Inc. entered into a definitive note purchase agreement for a private placement of $225 million aggregate principal amount of senior unsecured notes due August 1, 2056. The notes carry a 6.615% stated coupon, structured as a stairstep cash interest rate starting at 4.00% and rising over time, with the difference paid in kind and added to principal.
The operating company’s obligations are fully and unconditionally guaranteed by Safehold, and the notes include restrictive financial covenants and customary event-of-default provisions. Safehold intends to use the net proceeds for general corporate purposes, including potential debt repayment, new ground lease investments, working capital and funding existing commitments.
Pricing was based on the 30-year Treasury rate of 4.99% plus a 162.5 basis point spread, and Safehold realized an approximate $30 million cash gain from recently terminated hedges. Giving effect to this gain, the company expects an effective semi-annual yield to maturity of about 5.83% on the notes.
Safehold Inc. has formed a joint venture with a Brookfield affiliate involving a portfolio of ground leases that generate current annualized cash ground rent of approximately $14 million. Brookfield will purchase a non-controlling 49% interest in the venture at a gross valuation of approximately $348 million.
Safehold will keep day-to-day control and management of the assets and expects to consolidate the venture in its financial statements. The company holds a series of call options beginning after year 7 to repurchase Brookfield’s interest and plans to use net proceeds for debt repayment and general corporate purposes.
Safehold Inc. reported results from its 2026 Annual Meeting and an update to its equity plan. Shareholders approved an amendment to the 2009 Long-Term Incentive Plan, increasing the common stock share pool available for equity awards by 3,000,000 shares, from 481,936 to 3,481,936.
Shareholders elected five directors to serve until the 2027 annual meeting and ratified Deloitte & Touche LLP as independent registered public accounting firm for the year ending December 31, 2026. Investors also approved the incentive plan amendment and supported, on an advisory basis, the compensation of the company’s named executive officers.
Safehold Inc. reports an updated estimate of unrealized capital appreciation in its ground lease residual portfolio. As of March 31, 2026, estimated UCA is $9,510 million, calculated as the excess of portfolio “Combined Property Value” of $16,247 million over aggregate ground lease cost of $6,737 million.
The company relies on independent appraisals from CBRE, Inc., which value properties on a hypothetical fee-simple basis as if no ground lease existed, using sales comparison and income capitalization approaches with property-type specific occupancy and cap rate assumptions. Management notes this non-GAAP measure depends on tenant-supplied data, rolling valuations and significant assumptions, so actual realizable value may differ and may only be accessible over very long lease terms.
Safehold also updates investors on its Caret unit program. As of March 31, 2026, officers and employees beneficially own about 14.8% of outstanding and 11.8% of authorized Caret units, 78,996 units remain available for awards, 122,500 Caret units are held by third-party investors, and the company owns 83.9% of outstanding Caret units.
Safehold Inc. furnished materials related to its first-quarter 2026 results. The company provided an earnings release and an earnings presentation covering the quarter ended March 31, 2026, and attached them as Exhibits 99.1 and 99.2 to this report.
The materials are furnished under Items 2.02 and 7.01 of the Exchange Act, meaning they are not deemed “filed” for purposes of Section 18 and are not automatically incorporated into Securities Act registration statements unless specifically referenced.
Safehold Inc. filed an automatic shelf registration statement on Form S-3ASR and related prospectus supplements covering the resale of up to 6,105,389 and 4,248,435 shares of its common stock by certain selling stockholders. The new shelf registration replaces a prior automatic shelf registration that was terminated when the new one became effective.
Safehold is using this report to provide legal opinions from its counsel, Venable LLP, confirming the legality of the common stock covered by the two resale prospectus supplements. These opinions and related consents are included as Exhibits 5.1, 5.2, 23.1 and 23.2.
Safehold Inc. reports that, as of December 31, 2025, its estimated unrealized capital appreciation ("UCA") in its owned residual ground lease portfolio is $9,272 million. This represents the excess of the portfolio’s Combined Property Value of $15,947 million over the Ground Lease cost basis of $6,675 million.
The company explains its policy for estimating UCA, relying primarily on independent appraisals by CBRE, Inc. that assume the land and buildings are owned together without ground leases in place. It highlights key valuation assumptions such as stabilized occupancy and capitalization rates across hotel, office, multifamily, life science and mixed-use properties, and emphasizes that these hypothetical values are non‑GAAP estimates that may differ from actual realizable amounts.
Safehold also describes its Caret Performance Incentive Plan. As of December 31, 2025, officers and other employees beneficially own approximately 14.9% of outstanding Caret units and 11.9% of authorized Caret units, while the company owns about 83.8% of outstanding Caret units, with specified vesting and price-based conditions on certain awards.
Safehold Inc. furnished an earnings release and an earnings presentation covering its fourth quarter and full fiscal year ended December 31, 2025. These materials were made available on the company’s website and attached as Exhibits 99.1 (earnings release) and 99.2 (earnings presentation).
The disclosure is provided under Items 2.02 and 7.01 of Form 8-K and is expressly treated as “furnished,” not “filed,” which limits liability under Section 18 of the Exchange Act. The company also notes that this information will not be incorporated into Securities Act registration statements unless specifically referenced.
Safehold Inc. reported that its subsidiary Safehold GL Holdings LLC and the company entered into a Second Amendment to their revolving credit facility with JPMorgan Chase Bank and other lenders. This amendment updates the existing RCF Credit Agreement so that its financial covenants match those in the Borrower’s previously announced unsecured term loan A facility entered into on November 25, 2025. By aligning these covenant terms across facilities, Safehold is creating a more consistent set of financial requirements with its bank group under the amended revolving credit agreement.
Safehold Inc. appointed Michael Trachtenberg as President effective December 1, 2025. He brings two decades of institutional real estate experience from Lubert-Adler, where he most recently served as President and Managing Partner.
His compensation includes a $500,000 annual base salary, a target annual bonus of $1,500,000, a one-time signing cash bonus of $250,000, and a grant of 50,000 Caret Units vesting over five years. He is eligible for a one-time sign-on award of 93,076 restricted stock units vesting over five years, plus performance-based RSU awards of 60,000 RSUs tied to affordable housing commitments and 700,000 RSUs tied to stock price hurdles and an origination threshold, over three- and five-year performance periods, respectively. Certain vesting may accelerate upon qualifying terminations or change in control.
Trachtenberg will receive up to $200,000 in corporate housing and relocation support for his first year and will participate in the Company’s severance and new change in control plans, which provide executive officers severance equal to two times base salary and prior year bonus upon specified change in control-related terminations.
Safehold Inc. entered into a new unsecured term loan A agreement for $400,000,000 through its subsidiary Safehold GL Holdings LLC. The term loans were fully drawn on November 25, 2025 and the company used the proceeds to repay approximately $400 million of borrowings under its $2.0 billion revolving credit facility, effectively terming out part of its existing debt.
The term loans mature on November 15, 2030 and include two one‑year extension options. The facility does not amortize and has an accordion feature that allows increasing or adding term loan tranches up to an aggregate of $600,000,000, subject to lender commitments and customary conditions. Interest is based on various SOFR or base rate options plus a margin that varies with the borrower’s credit rating.
The agreement includes financial covenants, including a minimum consolidated EBITDA to annualized fixed charges ratio of 1.15:1.00, a minimum total unencumbered assets to total unsecured debt ratio of 1.25:1.00, and a maximum secured debt to total asset value ratio of 50%. Safehold absolutely and unconditionally guarantees the borrower’s obligations under the agreement.
Safehold Inc. (SAFE) disclosed an updated portfolio valuation metric. As of September 30, 2025, the company estimates unrealized capital appreciation (UCA) in its owned residual portfolio of $9,069 million. This reflects a Combined Property Value of $15,634 million for properties subject to its ground leases, compared with an aggregate Ground Lease cost of $6,565 million. UCA represents the excess of the hypothetical fee-simple value of the land, buildings, and improvements—assuming no ground lease—over Safehold’s cost basis.
Safehold’s process relies on independent valuations by CBRE, Inc., updated approximately every 12 months and no less than every 24 months, using recognized appraisal standards and approaches such as sales comparison and income capitalization. The company notes important limitations: rolling valuations may not reflect current market conditions, inputs rely on tenant-provided information, and UCA is a non‑GAAP measure that may change.
The filing also updates the Caret program. As of September 30, 2025, officers and employees beneficially owned approximately 14.4% of outstanding Caret units and 11.4% of authorized units; 128,971 Caret units remain available for awards. Certain 2023 merger‑related grants cliff‑vest on March 31, 2027 if SAFE’s stock averages $60.00 for 30 consecutive trading days. The company owned 84.3% of outstanding Caret units, and 122,500 units were sold to third‑party investors.
Safehold Inc. furnished an earnings release and an earnings presentation for the quarter ended September 30, 2025. The materials are attached as Exhibit 99.1 (Earnings Release) and Exhibit 99.2 (Earnings Presentation) and were also made available on the company’s website.
The materials are being furnished, not deemed “filed,” under Items 2.02 and 7.01, and therefore are not subject to Section 18 liabilities. They are not incorporated into other filings unless specifically referenced.
Safehold Inc. (NYSE: SAFE) filed an Item 8.01 Form 8-K to disclose its latest independent valuation of the residual rights embedded in its ground-lease portfolio. As of 30 Jun 2025, CBRE’s rolling appraisals and management estimates place Combined Property Value at $15.577 billion versus aggregate Ground Lease cost of $6.521 billion, implying $9.056 billion of unrealized capital appreciation (UCA). The figure covers SAFE’s pro-rata interests in consolidated and JV leases and includes $291 million of yet-to-fund transactions.
The valuation process follows SAFE’s policy of engaging CBRE for initial and 12-24-month update reports that assume ownership of land and improvements as a single fee-simple estate, excluding the ground lease structure. Key assumption ranges include hotel cap rates of 5.25%-8.75% and multifamily cap rates of 4.25%-6.50%. SAFE reiterates that UCA is non-GAAP, unaudited and highly assumption-dependent; market realization is constrained by long lease terms, tenant options, buy-out clauses and pre-emptive rights. Rolling valuations may therefore diverge from current market conditions, especially for office assets.
Separately, the company updated investors on its Caret incentive units: officers and employees hold 14.4% of outstanding Caret units, while SAFE retains 84.3% overall; 128,871 units remain available for future grants. No immediate financial statements or earnings guidance were provided.