Safehold Receives BBB+ Credit Rating from S&P Global Ratings; Outlook Positive

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].