iStar Inc

Safehold, Inc. operates as a real estate investment trust, which focuses on acquiring, owning, managing and capitalizing ground leases. It seeks to provide safe & growing income, as well as capital appreciation to shareholders by building a diversified portfolio of ground leases. The firm's property is generally leased on a triple net basis with the tenant responsible for taxes, maintenance and insurance, as well as all operating costs and capital expenditures. The company was founded on April 14, 2017 and is headquartered in New York, NY.

Earnings data Q4 2020

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Safehold reports robust Q4 earnings, eyes merger benefits and growth

Safehold's Q4 2022 performance reflected resilience and strategic decision-making in a challenging market environment.
The company's strengths in ground lease investments and liquidity enhancements position it well for future growth.
While facing challenges such as market dynamics and analyst concerns, Safehold remains focused on seizing opportunities.
Executives' emphasis on positive milestones and the forthcoming merger underscore Safehold's commitment to value creation.

Safehold reports strong Q1 earnings post-merger, eyes operational leverage

Safehold's Q1 performance was solid, with revenue of $78.3 million and a focus on stable income generation.
The merger enhanced Safehold's position in the ground lease industry, offering significant unrealized capital appreciation.
While facing short-term challenges like one-time expenses, Safehold sees opportunities in operational leverage and increased demand for ground leases.

Safehold reports robust Q2 earnings amidst market challenges and opportunities

Safehold's Q2 performance showcased revenue growth, strong liquidity, and strategic capital deployment.
Despite market challenges, the company's focus on customer needs and portfolio resilience are key strengths.
Opportunities lie in restarting growth initiatives and navigating market dynamics effectively.
Addressing challenges in liquidity, rates, and appraisals will be crucial for Safehold's continued success.

iStar Inc (SAFE) reports resilient Q3 performance amidst market challenges

iStar Inc (SAFE) navigated Q3 2023 with solid financial performance, strategic positioning, and resilience amidst market challenges and opportunities.
The company's focus on managing interest rate risk, leveraging valuable assets, and capitalizing on growth potential sets a strong foundation for future success.
Despite challenges in market conditions and liquidity options, iStar Inc remains poised to seize opportunities, enhance value propositions, and drive growth.

Safehold reports resilient performance amidst challenges, eyes strategic growth opportunities

Safehold navigated challenges in 2023 to achieve positive outcomes and strengthen its financial position. Despite a volatile interest rate environment impacting pipeline activity, the company showed resilience with stable debt structure and strategic growth initiatives. Opportunities lie in exploring long-term deals, unlocking off-balance sheet value, and optimizing capital deployment.

Safehold reports solid Q1 earnings, eyes growth amid market challenges

Safehold's Q1 performance was solid, focusing on reducing costs and showcasing a healthy portfolio with strong capital market executions.
While facing challenges from limited deal activity and office asset cap rate assumptions, the company remains confident in market recovery and growth opportunities.
With a stable financial structure, positive momentum in the pipeline, and ambitions for significant originations, Safehold is poised for future success.

Safehold reports strong Q2 earnings, eyes portfolio expansion opportunities

Safehold's Q2 2024 earnings call showcased robust financial performance, strategic portfolio growth, and a strong capital structure. While the company faces challenges such as refinancing potential debt in the future, it also has opportunities to capitalize on expanding its portfolio and leveraging active hedging strategies. Analyst interest in funding sources and market outlook reflects a keen focus on Safehold's growth trajectory.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Safehold, Inc. operates as a real estate company. It engages in acquiring, managing and capitalizing ground leases. The company was founded on June 13, 2017 and is headquartered in New York, NY.

Star Holdings' primary asset is its stake in Safehold Inc. The unwinding of its secondary assets should likely be done in another two and a half years. Star Holdings likely doubles if Safehold stays static at the current price.

Safehold To Star Holdings: A Paired Trade

Dell Technologies

Life Time Group Holdings

Townsquare Media

Although Michael Dell is best known for being founder, chairman, and CEO of Dell Technologies (NYSE: DELL), the billionaire is also a big investor.

Michael Dell Bets Big as He Puts 100% of His Money in Only 3 Stocks

NEW YORK , Sept. 13, 2024 /PRNewswire/ -- Safehold Inc. (NYSE: SAFE) announced today that the Company's Board of Directors has declared common stock dividends of $0.177 per share for the third quarter of 2024.

Safehold Declares Third Quarter 2024 Common Stock Dividend

AvalonBay Communities

Medical Properties Trust

Prologis

Vanguard Real Estate ETF

The Fed is expected to cut interest rates later this month. This should greatly benefit REITs. Here are 2 REITs that we expect to surge in value as rates are cut.

2 REITs To Buy BEFORE Rate Cuts

NEW YORK , Aug. 6, 2024 /PRNewswire/ -- Star Holdings (NASDAQ: STHO) announced today that it has filed its Quarterly Report on Form 10-Q for the quarter ended June 30, 2024 with the Securities and Exchange Commission.  Net income (loss) attributable to common shareholders for the second quarter was ($27.1 million) and earnings (loss) per share was ($2.04).

Star Holdings Reports Second Quarter 2024 Results

Safehold Inc. (NYSE:SAFE ) Q2 2024 Earnings Conference Call July 30, 2024 9:00 AM ET Company Participants Pearse Hoffmann - Senior Vice President of Capital Markets and Investor Relations Jay Sugarman - Chairman and Chief Executive Officer Brett Asnas - Chief Financial Officer Tim Doherty - Chief Investment Officer Conference Call Participants Nate Crossett - BNP Paribas Caitlin Burrows - Goldman Sachs Anthony Paolone - J.P. Morgan Mitch Germain - Citizens JMP Harsh Hemnani - Green Street Ravi Vaidya - Mizuho Stephen Laws - Raymond James Kenneth Lee - RBC Capital Markets Kelly Kunath - Morgan Stanley Matt Howlett - B.

Safehold Inc. (SAFE) Q2 2024 Earnings Call Transcript

The headline numbers for Safehold (SAFE) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Safehold (SAFE) Reports Q2 Earnings: What Key Metrics Have to Say

NEW YORK , July 29, 2024 /PRNewswire/ -- Safehold Inc. (NYSE: SAFE) reported results for the second quarter 2024. SAFE published a presentation detailing these results which can be found on its website, www.safeholdinc.com in the "Investors" section.

Safehold Reports Second Quarter 2024 Results

JPMorgan BetaBuilders MSCI US REIT ETF

Direxion Daily Real Estate Bull 3x Shares

Direxion Daily Real Estate Bear 3x Shares

Fidelity MSCI Real Estate ETF

First Trust S&P REIT Index Fund

iShares Cohen & Steers REIT ETF

Industrial Logistics Properties

iShares U.S. Real Estate ETF

Nuveen Real Estate Income Fund

Invesco KBW Premium Yield Equity REIT ETF

Neuberger Berman Real Estate Securities Income Fund Inc

Realty Income Corp

US Diversified Real Estate ETF

Invesco Active US Real Estate

ALPS Active REIT ETF

ProShares Short Real Estate

Rexford Industrial Realty

Cohen And Steers Total Return Realty Fund

Cohen & Steers Reit And Preferred Income Fund Inc

Cohen & Steers Quality Income Realty Fund

SPDR Dow Jones REIT ETF

Schwab U.S. REIT ETF

Seven Hills Realty Trust

ProShares UltraShort Real Estate

REITs are surging in value right now. Some REITs have a lot more upside potential than others. Here are three types of REITs that will soar.

3 REIT Types Poised To Soar

NEW YORK , July 17, 2024 /PRNewswire/ -- Safehold Inc. (NYSE: SAFE) announced today that it will release its financial results for the second quarter 2024 after the market close on Monday, July 29, 2024. The Company will host an earnings conference call reviewing these results and its operations beginning at 9:00 a.m.

Safehold Sets Second Quarter 2024 Earnings Release Date and Webcast

Last week, CPI and PPI data sent a signal that the inflation is subsiding. This allowed the market to recalibrate the interest rate expectations. The interest rate sensitive assets such as REITs responded nicely.

Time Is Ticking For Dividend Investors, Let's Scope REIT Dividends Now

We had previously suggested that Safehold would make it over the $20 mark. The recent rally has accomplished that, and the bulls are licking their chops ahead of the expected rate cuts. We go over the recent results and tell you what needs to happen to see $30.

Safehold: Two Requirements To Make It To $30

NEW YORK , July 8, 2024 /PRNewswire/ -- Safehold Inc. (NYSE: SAFE), the creator and leader of the modern ground lease industry, has closed on ground leases to facilitate the ground-up development of four affordable housing communities in Northern California. The low-income tax credit developments total 781 units across four locations: three in San Jose and one in Concord, California.

Safehold Closes Four Ground Leases for Affordable Multifamily Assets

NEW YORK , June 21, 2024 /PRNewswire/ -- Safehold Inc. (the "Company" or "Safehold") (NYSE: SAFE) today announced that its operating company, Safehold GL Holdings LLC (the "operating company"), has established an unsecured commercial paper note program in the United States. Under the terms of the program, the operating company may issue from time to time unsecured commercial paper notes up to a maximum aggregate amount outstanding at any one time of $750 million.

Safehold Announces $750 Million Commercial Paper Note Program

NEW YORK , June 14, 2024 /PRNewswire/ -- Safehold Inc. (NYSE: SAFE) announced today that the Company's Board of Directors has declared common stock dividends of $0.177 per share for the second quarter of 2024. The dividend represents an annualized rate of $0.708 per share and is payable on July 15, 2024 to holders of record on June 28, 2024.

Safehold Declares Second Quarter 2024 Common Stock Dividend

NEW YORK , June 6, 2024 /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 Orion, a 166-unit senior affordable community in Orange, California. The project will be developed by USA Properties Fund, an experienced developer of multifamily projects throughout California.

Safehold Closes Ground Lease for Affordable Multifamily Development in Orange County, California

NEW YORK , May 10, 2024 /PRNewswire/ -- Star Holdings (NASDAQ: STHO) announced today that it has filed its Quarterly Report on Form 10-Q for the quarter ended March 31, 2024 with the Securities and Exchange Commission.  Net income (loss) attributable to common shareholders for the first quarter was ($49.0 million) and earnings (loss) per share was ($3.68).

Star Holdings Reports First Quarter 2024 Results

Safehold Inc. (NYSE:SAFE ) Q1 2024 Earnings Conference Call May 7, 2024 9:00 AM ET Company Participants Pearse Hoffmann – Senior Vice President-Capital Markets and Investor Relations Jay Sugarman – Chairman and Chief Executive Officer Brett Asnas – Chief Financial Officer Tim Doherty – Chief Investment Officer Conference Call Participants Nate Crossett – BNP Anthony Paolone – JPMorgan Haendel St. Juste – Mizuho Mitch Germain – Citizens Rich Anderson – Wedbush Kenneth Lee – RBC Harsh Hemnani – Green Street Stephen Laws – Raymond James Kelly Kunath – Morgan Stanley Matthew Howlett – B. Riley Operator Good morning and welcome to Safehold's First Quarter 2024 Earnings Conference Call.

Safehold Inc. (SAFE) Q1 2024 Earnings Call Transcript

Although the revenue and EPS for Safehold (SAFE) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Safehold (SAFE) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates

NEW YORK , May 6, 2024 /PRNewswire/ -- Safehold Inc. (NYSE: SAFE) reported results for the first quarter 2024. SAFE published a presentation detailing these results which can be found on its website, www.safeholdinc.com in the "Investors" section.

Safehold Reports First Quarter 2024 Results

In our previous coverage we had suggested that Safehold bonds were a better bet than the common shares. That thesis has played out quite well over time, despite the pressures of rising interest rates. We look at the latest bonds from Safehold, which sport the highest yield in its stack.

Are The 6.6% Yielding A Rated Bonds A Safehold?

NEW YORK , April 22, 2024 /PRNewswire/ -- Safehold Inc. (NYSE: SAFE) announced today that it will release its financial results for the first quarter 2024 after the market close on Monday, May 6, 2024. The Company will host an earnings conference call reviewing these results and its operations beginning at 9:00 a.m.

Safehold Sets First Quarter 2024 Earnings Release Date and Webcast

American Tower

Alexandria Real Estate Equities

Camden Property

Equinix

Essex Property Trust

Mid-America Apartment Communities

National Retail Properties

Public Storage

Regency Centers

Simon Property Group

Vici Properties

W. P. Carey

Inflation is rising, causing bond rates to increase and stock prices to fall. REITs, which are income-oriented and interest rate sensitive, are particularly affected. This creates a buying opportunity for high-quality REITs with long-term potential.

REIT Rally 2.0: Opportunity Awaits For Investment In High-Quality Gems

NEW YORK , April 15, 2024 /PRNewswire/ -- Safehold Inc. (NYSE: SAFE), the creator of the modern ground lease industry, announced today that it has closed on a new $2.0 billion unsecured revolving credit facility, which replaces Safehold's existing aggregate $1.85 billion unsecured revolving credit facilities. The new facility has a fully extended maturity date of May 1, 2029 which includes two six-month extension options.

Safehold Announces New $2.0 Billion Unsecured Revolving Credit Facility

CBL & Associates Properties

Crown Castle International

Macerich

Microsoft

Nokia

Tesco PLC

Uniti Group

Welltower

All investors, including even Warren Buffett, have suffered big losses. We take risks to earn returns and sometimes, risk factors play out. At other times, we also made mistakes in our analysis.

My Biggest Losses And Lessons

News for iStar Inc Stock (SAFE)