Latest news with #SafeholdInc
Malaysian Reserve
4 days ago
- Business
- Malaysian Reserve
Safehold Closes Ground Lease for Florida Multifamily Recapitalization
NEW YORK, June 2, 2025 /PRNewswire/ — Safehold Inc. (NYSE: SAFE), the creator and leader of the modern ground lease industry, has closed on a ground lease to facilitate the recapitalization of a stabilized, 336-unit multifamily property in the growing Florida Space Coast. The deal is Safehold's 18th in Florida and first with JT Capital, an experienced Texas-based investment management firm. 'We're thrilled to establish a relationship with JT Capital and expand our modern ground lease footprint,' said Tim Doherty, Safehold's Chief Investment Officer. 'We continue to leverage the efficiencies of our structure to help owners access lower-cost, long-term capital.' 'We're proud to deliver a capital structure tailored to JT Capital's strategic goals that showcases our commitment to unlocking value and executing quickly,' added Emily Jones, Vice President at Safehold. Safehold provided a leasehold loan in addition to a long-term ground lease to facilitate the transaction. 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, affordable housing, 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 Transaction Contacts: IR Contact: Tim Doherty Chief Investment Officer T: 212.930.9433E: tdoherty@ Pearse Hoffmann SVP, Head of Corporate FinanceT: 212.930.9400E: investors@ Emily Jones Vice President, InvestmentsT: 310.315.5580E: ejones@
Yahoo
4 days ago
- Business
- Yahoo
Safehold Closes Ground Lease for Florida Multifamily Recapitalization
NEW YORK, June 2, 2025 /PRNewswire/ -- Safehold Inc. (NYSE: SAFE), the creator and leader of the modern ground lease industry, has closed on a ground lease to facilitate the recapitalization of a stabilized, 336-unit multifamily property in the growing Florida Space Coast. The deal is Safehold's 18th in Florida and first with JT Capital, an experienced Texas-based investment management firm. "We're thrilled to establish a relationship with JT Capital and expand our modern ground lease footprint," said Tim Doherty, Safehold's Chief Investment Officer. "We continue to leverage the efficiencies of our structure to help owners access lower-cost, long-term capital." "We're proud to deliver a capital structure tailored to JT Capital's strategic goals that showcases our commitment to unlocking value and executing quickly," added Emily Jones, Vice President at Safehold. Safehold provided a leasehold loan in addition to a long-term ground lease to facilitate the transaction. 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, affordable housing, 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 Transaction Contacts: IR Contact: Tim Doherty Chief Investment Officer T: 212.930.9433E: tdoherty@ Pearse Hoffmann SVP, Head of Corporate FinanceT: 212.930.9400E: investors@ Emily Jones Vice President, InvestmentsT: 310.315.5580E: ejones@ View original content to download multimedia: SOURCE Safehold Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
23-05-2025
- Business
- Yahoo
Was Jim Cramer Right About Safehold Inc. (SAFE)?
We recently published a list of . In this article, we are going to take a look at where Safehold Inc. (NYSE:SAFE) stands against other stocks that Jim Cramer discusses. Back in 2024, on May 15, a caller inquired about Safehold Inc. (NYSE:SAFE), a REIT known for ultra-long-term ground leases. Cramer passed on the stock due to a lack of transparency: 'Yeah, but I don't really know what's in it. I do not buy. I know that who runs it — the CEO — is very smart. But I'm not sure what's in it, and that bothers me. I don't recommend those stocks 'cause I don't know what's in them.' Cramer's refusal to recommend it was wise, as it dropped 23.20%. A crane on a construction site, building a modern office complex for the REIT. Safehold Inc. (NYSE:SAFE) remains an obscure REIT with minimal transparency into its asset quality and risk profile. Overall, SAFE ranks 6th on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of SAFE as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than SAFE and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
08-05-2025
- Business
- Yahoo
Safehold Inc (SAFE) Q1 2025 Earnings Call Highlights: Navigating Market Volatility with ...
Q : Can you provide more details on the pipeline of non-binding LOIs, including the sponsors, markets, and expected closing timeframe? A : Tim Doherty, Chief Investment Officer, explained that the pipeline is robust with 11 deals, primarily in multi-family, including market rate and affordable housing. The deals are geographically diverse, covering the West Coast, Southeast, Northeast, and Midwest. The expectation is that most of these deals will close within the year, although timing may vary between construction and recap deals. Safehold Inc ( NYSE:SAFE ) is trading at a discount to what management believes is fair value, highlighting a public versus private valuation disconnect. The company faces challenges in closing deals due to market volatility and the need for customers to align their capital stacks. The first quarter saw no new originations due to interest rate volatility and market uncertainty, impacting investment activity. Safehold Inc ( NYSE:SAFE ) has a diversified portfolio by location and property type, with a focus on institutional quality ground leases in top markets. The ground lease portfolio has grown 20 times by both book value and estimated unrealized capital appreciation since the IPO. Safehold Inc ( NYSE:SAFE ) ended the quarter with approximately $1.3 billion of liquidity, supported by potential available capacity in their joint venture. The company has strong credit metrics with expected contractual returns in the low 7% range before factoring in CPI and Caret. Safehold Inc ( NYSE:SAFE ) has a robust pipeline with non-binding LOIs totaling approximately $386 million for potential commitments across 11 ground leases and four loans. For the complete transcript of the earnings call, please refer to the full earnings call transcript . Story continues Q: What are the benefits of leasehold loans compared to ground leases, and how much capacity do you have for these loans? A: Jay Sugarman, CEO, noted that leasehold loans are used selectively and currently represent a small portion of the balance sheet. They provide certainty in volatile markets, helping to secure deals that might otherwise be delayed. The company plans to keep leasehold loans as a small percentage of their portfolio. Q: Can you comment on the public versus private market disconnect and whether you would consider selling a ground lease to prove value? A: Brett Asnas, CFO, mentioned that capital recycling is a priority for 2025, and they are exploring options like selling assets or finding joint venture partners to close the valuation gap. They believe they are trading at a discount and are actively working on processes to create the best execution for capital deployment. Q: Are all the non-binding LOIs related to multi-family or affordable housing? A: Tim Doherty confirmed that the majority of the LOIs are in multi-family, including market rate, construction, and affordable housing. There is also a hotel transaction in the mix, but multi-family remains the primary focus. Q: How has the pipeline evolved after recent market volatility, and does it indicate a recovery in the ground lease market? A: Tim Doherty stated that the volatility in interest rates has decreased, allowing sponsors to make long-term decisions. The current pipeline exceeds last year's originations, suggesting a positive sign for the ground lease market's recovery, although some volatility remains. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Yahoo
06-05-2025
- Business
- Yahoo
Safehold Reports First Quarter 2025 Results
NEW YORK, May 6, 2025 /PRNewswire/ -- Safehold Inc. (NYSE: SAFE) reported results for the first quarter 2025. SAFE published a presentation detailing these results which can be found on its website, in the "Investors" section. Highlights from the earnings announcement include: Q1'25 revenue was $97.7 million Q1'25 net income attributable to common shareholders was $29.4 million, or $31.3 million excluding non-recurring gains/losses Q1'25 earnings per share was $0.41, or $0.44 excluding non-recurring gains/losses Non-binding LOI's1 totaling ~$386 million, including 11 ground leases for ~$273 million and 4 leasehold loans for ~$113 million "We are pleased to see increasing customer engagement and a growing pipeline, and we will look to take advantage of near-term capital deployment opportunities that serve our customers and create value for shareholders," said Jay Sugarman, Chairman and Chief Executive Officer. The Company will host an earnings conference call reviewing this presentation beginning at 9:00 a.m. ET on Wednesday, May 7, 2025. This conference call will be broadcast live and can be accessed by all interested parties through Safehold's website and by using the dial in information listed below: Dial-In: 888.506.0062 International: 973.528.0011 Access Code: 101208 A replay of the call will be archived on the Company's website. Alternatively, the replay can be accessed via dial-in from 2:00 p.m. ET on May 7, 2025 through 12:00 a.m. ET on May 21, 2025 by calling: Replay: 877.481.4010 International: 919.882.2331 Access Code: 52368 Non-GAAP Financial Measures: Net income attributable to Safehold Inc. common shareholders excluding non-recurring (gains) / losses, and EPS excluding non-recurring (gains) / losses, are non-GAAP measures used as supplemental performance measures to give management and investors a view of net income and EPS more directly derived from operating activities in the period in which they occur. Net income attributable to Safehold Inc. common shareholders excluding non-recurring (gains) / losses is calculated as net income (loss) attributable to common shareholders, prior to the effect of non-recurring gains and losses, as adjusted to exclude corresponding amounts allocable to noncontrolling interests. It should be examined in conjunction with net income attributable to common shareholders as shown in our consolidated statements of operations. EPS excluding non-recurring (gains) / losses is calculated as net income attributable to Safehold Inc. common shareholders excluding non-recurring (gains) / losses, divided by the weighted average number of diluted common shares. There were no merger or Caret related costs or general provision for credit losses on prior period balances, which were excluded from corresponding metrics in prior periods, in Q1'25. These metrics should not be considered as alternatives to net income attributable to common shareholders or EPS, respectively (in each case determined in accordance with generally accepted accounting principles in the United States of America ("GAAP")). These measures may differ from similarly-titled measures used by other companies. Reconciliations of these non-GAAP financial measures to their most directly comparable GAAP financial measures are presented below.
