Welcome to our dedicated page for Safehold SEC filings (Ticker: SAFE), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Safehold Inc. filings document a NYSE-listed real estate investment trust whose business is conducted through Safehold GL Holdings LLC and centered on ground lease investments. Form 8-K disclosures include earnings releases and presentations, Regulation FD materials, estimates of unrealized capital appreciation, credit agreement amendments and other material events affecting the company's financing and portfolio disclosures.
The company's SEC record also reflects its completed 2023 merger history, under which iStar Inc. continued as the surviving corporation and changed its name to Safehold. Proxy materials cover board matters, executive compensation and shareholder voting, while registration statements and prospectus supplements address common stock resale and shelf registration matters tied to Safehold's capital structure.
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.