NEW YORK, Jan. 15, 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 ground-up development of The Crawford, an affordable housing community in the Roseville area of Sacramento, California. The low-income tax credit development will include 265 units. The project will be built by USA Properties Fund, Inc., a highly experienced developer based in the Sacramento area, and a repeat Safehold customer. "We'r ...

Paul is one of the analysts at the investing group High Yield Landlord , one of the largest real estate investment communities on Seeking Alpha, with thousands of members. It offers exclusive research on the global REIT sector, multiple real money portfolios, an active chat room, and direct access to the analysts.R Paul Drake spent decades developing data-driven models in his work as a physicist, and now brings the perspective of a retiree to his investing and writing. He is a life-long reader of economics, ...

NEW YORK, Dec. 18, 2024 /PRNewswire/ -- Safehold Inc. (the "Company" or "Safehold") (NYSE: SAFE) announced today that Fitch Ratings ("Fitch") has upgraded its credit ratings on the Company to A- from BBB+, with a stable outlook. Fitch is also assigning an A- rating and stable outlook to the Company's operating subsidiary, Safehold GL Holdings LLC.  "This ratings upgrade is a strong result for the Company, and we appreciate Fitch's recognition of the significant steps we have taken to build a best-in-class c ...

Core Viewpoint - Safehold Inc. has declared a common stock dividend of $0.177 per share for Q4 2024, reflecting an annualized rate of $0.708 per share, payable on January 15, 2025 [1] Company Overview - Safehold Inc. is transforming real estate ownership by offering innovative solutions for unlocking land value beneath buildings, having established the modern ground lease industry in 2017 [2] - The company assists owners of high-quality properties, including multifamily, office, industrial, hospitality, student housing, life science, and mixed-use, in generating higher returns with reduced risk [2] - As a real estate investment trust (REIT), Safehold aims to provide safe, growing income and long-term capital appreciation to its shareholders [2]

Core Viewpoint - Investors in Safehold Inc. (SAFE) should closely monitor the stock due to significant movements in the options market, particularly the high implied volatility of the January 17, 2025 $17.50 Call option [1] Company Analysis - Safehold currently holds a Zacks Rank of 4 (Sell) within the REIT and Equity Trust – Residential industry, indicating a negative outlook [3] - Over the past 60 days, no analysts have raised their earnings estimates for the current quarter, while three analysts have lowered their estimates, resulting in a decrease of the Zacks Consensus Estimate from 38 cents per share to 37 cents [3] Options Market Insights - The high implied volatility surrounding Safehold shares suggests that options traders anticipate a significant price movement, which could indicate an upcoming event that may lead to a substantial rally or sell-off [2][4] - Options traders often seek to capitalize on high implied volatility by selling premium, aiming for the underlying stock to not move as much as expected by expiration [4]

Core Insights - Paperclip Inc. is the presenting sponsor at The Official Cybersecurity Summit in New York, highlighting its role in the data security sector [1] - The summit aims to connect executives responsible for cybersecurity with solution providers and experts, focusing on best practices and innovations [2] - Paperclip's SAFE solution, which offers encryption of data-in-use, will be showcased at the event, emphasizing its unique capabilities [3] Company Overview - Paperclip Inc. specializes in data security and content management, serving Fortune 1,000 companies globally [6] - The company processes sensitive content securely, maximizing efficiency and compliance while saving millions annually [6] - Paperclip SAFE is recognized as a leading solution for Privacy Preserving Encryption, particularly for data-in-use [4][7] Industry Trends - The adoption of encryption of data-in-use is expected to rise significantly in 2025, driven by new regulations such as the EU DORA [4] - The DORA regulation mandates encryption for all data at rest, in transit, and in use, indicating a shift towards stricter data security measures [4] - Paperclip SAFE is positioned to meet these regulatory requirements, enhancing its relevance in the evolving cybersecurity landscape [4][7]

NEW YORK, Nov. 12, 2024 /PRNewswire/ -- Safehold Inc. (the "Company" or "Safehold") (NYSE: SAFE) today announced that its operating company, Safehold GL Holdings LLC (the "operating company"), has priced a public offering of $400 million aggregate principal amount of its 5.650% senior notes due 2035 (the "Notes"). The Notes will mature on January 15, 2035. The offering is expected to settle on November 14, 2024, subject to the satisfaction of customary closing conditions. The Notes will be fully and uncondi ...

Core Viewpoint - Safehold Inc. has received an initial credit rating of BBB+ with a positive outlook from S&P Global Ratings, reflecting the company's strong credit profile and market position [1][2]. Group 1: Credit Rating and Outlook - S&P Global Ratings assigned Safehold an initial credit rating of BBB+ with a positive outlook [1]. - The same rating and outlook were assigned to Safehold's operating subsidiary, Safehold GL Holdings LLC [1]. - The positive rating is expected to improve Safehold's cost of capital and access to capital, enhancing long-term value for shareholders [2]. Group 2: Rationale Behind the Rating - S&P cited Safehold's focus on high-quality long-term ground leases that provide predictable and contractually growing cash flows over 99 years as a key factor for the rating [2]. - The company's relatively low leverage and well-diversified funding mix were also highlighted as strengths [2]. Group 3: Company Overview - Safehold Inc. is innovating real estate ownership by enabling owners to unlock the value of the land beneath their buildings [2]. - The company, which operates as a real estate investment trust (REIT), aims to deliver safe, growing income and long-term capital appreciation to its shareholders [2].

Q3'24 Earnings Results Q3'24 Summary Investment Activity | --- | --- | --- | --- | |---------|-----------------------|------------------------|------------------------| | | $72m1 3 Ground Leases | $32ma 1 Leasehold Loan | New Originations $104m | | | | | | | 3 | | | 100% | | Markets | | | Multifamily | | | | | | | 29% | | | 7.2% | | GLTV3 | | | Economic Yield | JV Buyoutb $69m2 9 Ground Leasesc | --- | --- | --- | --- | --- | |---------|-------|-----------------|-------|----------------| | 4 | | 6 | | 100% ...

Core Insights - Safehold (SAFE) reported revenue of $90.71 million for the quarter ended September 2024, reflecting a 6% increase year-over-year, while EPS rose to $0.37 from $0.33 in the same quarter last year [1] - The reported revenue was slightly below the Zacks Consensus Estimate of $90.89 million, resulting in a revenue surprise of -0.21%, while EPS met the consensus estimate [1] Financial Performance Metrics - Operating lease income was reported at $16.65 million, slightly below the average estimate of $16.68 million, marking a year-over-year decline of 0.4% [3] - Interest income from sales-type leases reached $67.12 million, exceeding the estimated $66.45 million, and showing a significant year-over-year increase of 13.5% [3] - Other income was reported at $4.55 million, below the average estimate of $4.91 million, representing a substantial year-over-year decrease of 38% [3] - Interest income from related parties was $2.38 million, closely aligning with the estimated $2.39 million [3] - Net income per share (diluted) was reported at $0.27, falling short of the average estimate of $0.37 [3] Stock Performance - Over the past month, Safehold's shares have declined by 12.5%, contrasting with a 2% increase in the Zacks S&P 500 composite [4] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [4]