Safehold (SAFE) - 2024 Q1 - Quarterly Results

afehold Debt & Hedging Investment Activity1 ~ $145m across 8 non-binding LOls$ 2.0b Revolver $300m Notes Issued 10-year unsecured notes New 5-year unsecured revolving credit facilityª 5 All 6 (6.10% coupon, 5.32% yield to maturity net of (replaced existing aggregate Sponsors Multifamily Markets$ 21m realized hedge gains) $1.85b facilities) Outstanding Hedges ~35% ~3.0x ~7.5%$ 500m SOFR Swap through April 2028 at ~3.0% SOFR Rent Economic GLTV2 (- $3m per quarter pickup at current SOFR rate) Coverage3 Yield4$ 3 ...