Safehold (SAFE)
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Safehold Reports Fourth Quarter and Fiscal Year 2024 Results
Prnewswire· 2025-02-05 21:05
Core Insights - Safehold Inc. reported strong financial results for Q4 and FY 2024, highlighting increased earnings and liquidity, along with a new share repurchase program authorization of up to $50 million [1][6]. Financial Performance - Q4 2024 revenue was $91.9 million, while FY 2024 revenue totaled $365.7 million [6]. - Net income attributable to common shareholders for Q4 2024 was $26.0 million, and for FY 2024 it was $105.8 million, or $112.0 million when excluding non-cash general provision for credit losses [6]. - Earnings per share (EPS) for Q4 2024 was $0.36, and for FY 2024 it was $1.48, or $1.57 when excluding non-cash general provision for credit losses [6]. Strategic Developments - The company emphasized its position as a market leader in the ground lease sector, with a focus on creating value for shareholders and serving customers [2]. - In 2024, Safehold made $225 million in new originations, including ten new ground leases for $193 million and one leasehold loan for $32 million, bringing the total portfolio to $6.8 billion [6][7]. - The company received credit rating upgrades, achieving an A- rating from Fitch Ratings and a BBB+ rating with a Positive Outlook from S&P Global Ratings [6]. Shareholder Returns - The Board of Directors authorized a share repurchase program of up to $50 million, allowing for repurchases in the open market or through negotiated transactions [1][6].
VINCENT COUNTRY SAFE ZONE ACTIVITY DAY PRESENTED BY CIGNA HEALTHCARE WAS HELD AT GARYVILLE/MT. AIRY MATH AND SCIENCE MAGNET SCHOOL DURING SUPER BOWL LIX WEEK
Prnewswire· 2025-02-04 22:23
Core Points - The Vincent Country Safe Zone Activity Day, co-founded by NFL Executive Troy Vincent, Sr. and his wife Tommi A. Vincent, aims to provide a safe environment for students from under-resourced areas during Super Bowl week [1][2] - This year's event included over 600 students from Fifth Ward Elementary School and Garyville/Mt. Airy Math and Science Magnet School, featuring fun, food, wellness activities, and interactive sports [1][2] - Cigna Healthcare, a lead sponsor, provided health screenings, free eye exams, and wellness activities, contributing to the overall health and vitality of the participating students and families [2][3] Event Details - The event has positively impacted over 3,400 students and 400 educators over the past eight years, with contributions exceeding $575,000 in funds and resources [2] - New partners, including Stand Together and Chick-fil-A, joined this year to enhance the event's impact [2][6] - The theme for this year's event was "The Road to Success!" and included the unveiling of a mural by local artist Vitus Shell [3][4] Community Engagement - Infinite Athlete donated a new playground set to the school, enhancing student activity and community engagement [4] - Chick-fil-A provided boxed lunches to children and volunteers, emphasizing their commitment to community support [8] - Stand Together donated Chromebooks and provided access to educational resources, further supporting the schools' needs [6][7] Notable Participants - The event featured participation from NFL players, Hall of Famers, and local volunteers, enhancing the experience for students [8] - Dr. Kara Lawson, Principal at Garyville/Mt. Airy Math and Science Magnet School, expressed gratitude for the event and its positive impact on students [5] Future Initiatives - A virtual fundraising component is ongoing to raise additional funds and resources for the school, with results to be announced later [10] - The Vincents will host a signature luncheon to celebrate school leadership and thank corporate sponsors [9]
Safehold & Star Holdings: The Cookie At The End Of The Rainbow
Seeking Alpha· 2025-02-03 18:10
Group 1 - Conservative Income Portfolio targets high-value stocks with significant margins of safety and utilizes well-priced options to reduce volatility [1] - Enhanced Equity Income Solutions Portfolio aims to generate yields of 7-9% while minimizing volatility [1] - Safehold Inc. (NYSE: SAFE) has been a notable investment with satisfying returns, and the Covered Calls Portfolio focuses on lower volatility income investing and capital preservation [2][3] Group 2 - Trapping Value consists of a team of analysts with over 40 years of combined experience in generating options income and capital preservation [3] - The investing group operates Conservative Income Portfolio in collaboration with Preferred Stock Trader, featuring two income-generating portfolios and a bond ladder [3]
Safehold Sets Fourth Quarter and Fiscal Year 2024 Earnings Release and Webcast
Prnewswire· 2025-01-27 21:05
Core Viewpoint - Safehold Inc. will release its financial results for Q4 and fiscal year 2024 on February 5, 2025, after market close [1] - The company aims to revolutionize real estate ownership through modern ground leases, providing a new way for property owners to unlock land value [2] Financial Results Announcement - Safehold Inc. will announce its financial results for Q4 and fiscal year 2024 on February 5, 2025 [1] - An earnings conference call will take place on February 6, 2025, at 9:00 a.m. ET to review these results [2] Conference Call Details - The conference call will be accessible via Safehold's website and will include dial-in options for participants [2] - A replay of the call will be available from February 6, 2025, at 2:00 p.m. ET until February 20, 2025, at 12:00 a.m. ET [2] Company Overview - Safehold Inc. is a real estate investment trust (REIT) that focuses on high-quality multifamily, office, industrial, hospitality, student housing, life science, and mixed-use properties [2] - The company aims to deliver safe, growing income and long-term capital appreciation to its shareholders [2]
Safehold Announces Tax Treatment of 2024 Dividends
Prnewswire· 2025-01-23 21:05
Group 1 - Safehold Inc. announced the tax treatment of its 2024 common stock dividends, with a quarterly dividend of $0.1770 per share [1] - The ordinary dividend of $0.008487 per quarter is classified as a qualified dividend, with the majority of the distribution being a return of capital [1] - The company has established itself in the modern ground lease industry since 2017, focusing on high-quality real estate properties [2] Group 2 - Safehold operates as a real estate investment trust (REIT), aiming to provide safe, growing income and long-term capital appreciation to its shareholders [2] - The company supports owners of various property types, including multifamily, office, industrial, hospitality, and mixed-use properties, to generate higher returns with less risk [2] - Additional information about Safehold can be found on its official website [2]
Safehold Closes Ground Lease for Sacramento Affordable Housing Development
Prnewswire· 2025-01-15 21:05
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 ...
Safehold Vs. Treasuries
Seeking Alpha· 2025-01-15 12:30
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, ...
Safehold Receives Credit Ratings Upgrade to A- from Fitch
Prnewswire· 2024-12-18 21:05
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 ...
Safehold Declares Fourth Quarter 2024 Common Stock Dividend
Prnewswire· 2024-12-13 12:30
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]
Is the Options Market Predicting a Spike in Safehold (SAFE) Stock?
ZACKS· 2024-12-04 15:45
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]