NEW YORK, Dec. 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 fourth quarter of 2024. The dividend represents an annualized rate of $0.708 per share and is payable on January 15, 2025 to holders of record on December 30, 2024.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 ben ...

Investors in Safehold Inc. (SAFE) need to pay close attention to the stock based on moves in the options market lately. That is because the Jan 17, 2025 $17.50 Call had some of the highest implied volatility of all equity options today.What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also me ...

HACKENSACK, N.J., Nov. 14, 2024 (GLOBE NEWSWIRE) -- Paperclip Inc. (OTCMKTS:PCPJ), an innovative data security and content management company, is the presenting sponsor at The Official Cybersecurity Summit: New York on Friday, November 15. Paperclip’s CRO Chad Walter will be presenting a keynote presentation titled Is Compliance a Threat to Your Cybersecurity? The keynote will take place at 10:05 a.m. in the Metropolitan Ballroom at Sheraton New York Times Square Hotel. The New York Cybersecurity Summit con ...

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 ...

NEW YORK, Nov. 7, 2024 /PRNewswire/ -- Safehold Inc. (the "Company" or "Safehold") (NYSE: SAFE) announced today that S&P Global Ratings ("S&P") has assigned the Company an initial credit rating of BBB+ with a positive outlook. S&P is also assigning a BBB+ rating and positive outlook to the Company's operating subsidiary, Safehold GL Holdings LLC. "We are pleased to announce this investment grade rating and positive outlook from S&P," said Brett Asnas, Chief Financial Officer. "This outcome reflects the stre ...

Group 1 - The Conservative Income Portfolio targets high-value stocks with significant margins of safety and aims to reduce volatility through well-priced options [1] - The Enhanced Equity Income Solutions Portfolio is designed to generate yields of 7-9% while minimizing volatility [1] - Safehold Inc. (NYSE: SAFE) is identified as a potential investment opportunity after a period of cautious observation [2] Group 2 - Trapping Value is a team of analysts with over 40 years of combined experience in generating options income and focusing on capital preservation [3] - The Conservative Income Portfolio operates in partnership with Preferred Stock Trader, featuring two income-generating portfolios and a bond ladder [3] - The Covered Calls Portfolio aims to provide lower volatility income investing with an emphasis on capital preservation [2]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-15371 Safehold Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of in ...

Financial Data and Key Metrics Changes - For Q3 2024, revenue was $90.7 million, net income was $19.3 million, and earnings per share (EPS) was $0.27, reflecting a significant increase in GAAP earnings year-over-year due to a prior year's non-cash impairment of goodwill [18][24] - Excluding non-cash items, EPS was $0.37, up 11% year-over-year, driven by a net increase in asset-related revenue and savings in general and administrative expenses [24][22] - The company ended the quarter with approximately $955 million of liquidity, supported by joint venture capacity [14][32] Business Line Data and Key Metrics Changes - New origination activity totaled $104 million, including three multifamily ground leases for $72 million and one leasehold loan for $32 million [11] - Ground lease credit metrics were in line with targets, with a ground lease-to-value (GLTV) of 29%, rent coverage of 3.2 times, and an economic yield of 7.2% [12] - The total portfolio reached $6.7 billion, with an estimated unrealized capital appreciation of $9.1 billion [14] Market Data and Key Metrics Changes - The portfolio's GLTV remained unchanged at 48%, with slight declines in appraisals offset by lower GLTVs on new originations [29] - Rent coverage slightly declined from 3.6 times to 3.5 times quarter-over-quarter [30] - The company noted an increase in engagement across various customers due to lower rates, although recent yield jumps and volatility may impact decision-making [8] Company Strategy and Development Direction - The company plans to focus on owning 100% of smaller ground lease deals while pursuing larger transactions through joint ventures [7][14] - The management remains cautiously optimistic about macro industry conditions improving transaction environments in 2025 [8] - The company aims to capitalize on its strong balance sheet and liquidity to capture new investment opportunities as the commercial real estate market shows signs of reopening [37] Management's Comments on Operating Environment and Future Outlook - Management highlighted that the rate environment is a key driver of investment activity, with expectations for improved conditions in 2025 [8] - The company is refining its credit loss methodology to better reflect the risk attributes of its investments [20] - Management believes that the current economic yield of 5.8% has upside potential due to periodic CPI lookbacks in 83% of ground leases [27] Other Important Information - The company has a diversified portfolio across various property types, with multifamily being the primary focus for new originations [16][28] - The weighted average debt maturity is approximately 21 years, with no corporate maturities due until 2027 [32] - The company has implemented a commercial paper program to achieve cost savings compared to its revolving credit facility [36] Q&A Session Summary Question: Pipeline discussions with borrowers - Management noted that the market is opening up, with increased volume and positive signs in market fundamentals, although rate stability is still needed [40][41] Question: Leverage and equity capital needs - The company aims to maintain leverage around 2 times, with room for additional debt funding without immediate equity capital needs [44][46] Question: Joint venture discussions - The joint venture was intended to provide capital for larger deals, and recent buyouts were seen as mutually beneficial for both parties [49][50] Question: Ground lease arrangements and value perception - Management emphasized the long-term stability and low-cost capital provided by their ground leases, which can be beneficial for property owners [52][54] Question: GLTV assessment and modifications - Management stated that while they cannot unilaterally change lease terms, they are open to helping customers create value [58][60] Question: Leasehold loan opportunities - The company sees potential in leasehold loans as part of their financing strategy, with competitive pricing in the current market [68][79] Question: Future originations beyond multifamily - The pipeline includes various property types, with signs of recovery in hospitality and office sectors, although rate fluctuations are currently a limiting factor [72][74]

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% ...

For the quarter ended September 2024, Safehold (SAFE) reported revenue of $90.71 million, up 6% over the same period last year. EPS came in at $0.37, compared to $0.33 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $90.89 million, representing a surprise of -0.21%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.37. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they c ...