Safehold Forms Joint Venture with Brookfield, Valued at Approximately $348M
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 5 days ago
0mins
Safehold has formed a joint venture with a Brookfield affiliate on a portfolio of ground leases. The assets contributed by Safehold are diversified across the U.S. and generate current annualized cash ground rent of approximately $14M. Brookfield will purchase a non-controlling 49% interest in the venture at a gross valuation of approximately $348M. Safehold will retain a series of call options beginning after year 7 to repurchase Brookfield's interest. Under the terms of the agreement, Safehold will maintain day-to-day control and management of the assets. Brookfield's investment will be recognized as an equity non-controlling interest. Safehold will use net proceeds for debt repayment and general corporate purposes.
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Analyst Views on SAFE
Wall Street analysts forecast SAFE stock price to rise
5 Analyst Rating
2 Buy
3 Hold
0 Sell
Moderate Buy
Current: 15.690
Low
14.00
Averages
18.00
High
28.00
Current: 15.690
Low
14.00
Averages
18.00
High
28.00
About SAFE
Safehold Inc. is a real estate investment trust (REIT). The Company helps owners of multifamily, office, industrial, hospitality, student housing, life science and mixed-use properties to generate higher returns. The Company operates its business through one reportable segment by acquiring, managing and capitalizing ground leases. Its primary investment objective is to construct a diversified portfolio of Ground Leases that is focused on generating attractive quality risk-adjusted returns and support stable and growing distributions to its shareholders. The Company’s portfolio consists of Ground Leases and one master lease (relating to five hotel assets that it refers to as its Park Hotels Portfolio). Its portfolio of properties is located across Manhattan; Washington, District of Columbia (DC); Boston; Los Angeles; San Francisco; Denver; Honolulu; Nashville; Miami and Atlanta.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Safehold Inc. Signs $225 Million Note Purchase Agreement
- Bond Issuance Size: Safehold Inc. announced a definitive note purchase agreement for a total of $225 million in senior unsecured notes due August 1, 2056, demonstrating the company's strong financing capability in the capital markets.
- Interest Rate Structure Advantage: The bond features a stair-step interest rate structure starting at 4.00% and increasing to 6.615% over 21 years, which will aid the company in maintaining flexibility and predictability in future financial planning.
- Clear Use of Proceeds: Safehold intends to use the net proceeds from this offering for general corporate purposes, including repaying borrowings under its unsecured revolver and increasing investments in ground leases, reflecting the company's strategic planning for capital utilization.
- Market Participation: The bond offering attracted participation from both U.K. and U.S. investors, indicating an increasing recognition and influence of Safehold in the international capital markets, which will facilitate future financing activities.
See More
Safehold Inc. Completes $225 Million Note Offering
- Bond Offering Size: Safehold Inc. announced the signing of a definitive note purchase agreement through its operating company, Safehold GL Holdings LLC, successfully issuing $225 million in senior unsecured notes due in 2056, reflecting the company's strong performance in capital markets.
- Interest Rate Structure: The bond features a stair-step interest rate structure starting at 4.00% and increasing to 6.615% over 21 years, which not only helps reduce initial financing costs but also provides higher returns in the future.
- Use of Proceeds: The company plans to use the net proceeds from this offering for general corporate purposes, including repaying borrowings under its unsecured revolver, increasing investments in ground leases, and providing working capital, demonstrating a proactive approach to future investments.
- Market Participation: The bond offering attracted participation from both U.K. and U.S. investors, indicating an increasing recognition of Safehold in international capital markets and laying a solid foundation for the company's future financing activities.
See More
Safehold Declares Quarterly Dividend of $0.177 per Share
- Quarterly Dividend Announcement: Safehold has declared a quarterly dividend of $0.177 per share, consistent with previous distributions, demonstrating the company's ongoing ability to maintain stable cash flows and bolstering investor confidence.
- Yield Performance: The forward yield of 4.48% associated with this dividend offers relative attractiveness in the current market environment, potentially drawing in income-seeking investors and enhancing the stock's appeal.
- Shareholder Record Date: The dividend will be payable to shareholders of record on June 30, indicating the company's commitment to its shareholders while providing a clear timeline for investment decisions.
- Ex-Dividend Date: The ex-dividend date is also set for June 30, meaning investors must hold the stock before this date to qualify for the dividend, which may help increase trading activity in the short term.
See More
Safehold Declares Q2 2026 Dividend of $0.177 per Share
- Dividend Announcement: Safehold Inc. has declared a second-quarter dividend of $0.177 per share for 2026, reflecting the company's ongoing ability to generate stable returns for shareholders with an annualized rate of $0.708.
- Payment Timing: The dividend is set to be paid on July 15, 2026, to shareholders of record as of June 30, 2026, ensuring timely returns for investors and bolstering confidence in the company's financial health.
- Company Background: Since creating the modern ground lease industry in 2017, Safehold has focused on helping owners of high-quality properties achieve higher returns with lower risks, showcasing its innovative approach within the real estate investment trust (REIT) sector.
- Long-term Strategy: As a REIT, Safehold aims to deliver safe, growing income and long-term capital appreciation to its shareholders, reflecting its keen insight into market demands and strategic positioning for future growth.
See More
Safehold Declares Q2 2026 Dividend of $0.177 per Share
- Dividend Announcement: Safehold Inc. has declared a second-quarter dividend of $0.177 per share for 2026, reflecting an annualized rate of $0.708 per share, demonstrating the company's commitment to providing stable returns to shareholders.
- Payment Schedule: The dividend is set to be paid on July 15, 2026, to shareholders of record as of June 30, 2026, ensuring timely returns for investors and bolstering investor confidence.
- Company Background: Since creating the modern ground lease industry in 2017, Safehold has focused on helping owners of high-quality real estate achieve higher returns with lower risks, showcasing its innovative capabilities in the REIT sector.
- Long-term Strategy: As a REIT, Safehold aims to deliver safe, growing income and long-term capital appreciation to its shareholders, reflecting its keen insight into market demands and strategic positioning.
See More
Safehold Closes Ground Leases for Two Affordable Housing Developments in California
- Project Development Partnership: Safehold Inc. has partnered with CRP Affordable Housing to develop two affordable housing projects in Santa Cruz and Santa Clarita, California, expected to deliver 211 units by 2028, addressing the urgent need for affordable housing in these communities.
- Financing Support: Citi Community Capital provided construction and permanent financing for both projects, ensuring smooth progress while reflecting Safehold's ongoing investment and support in the affordable housing sector.
- Strategic Market Positioning: Santa Cruz, a vibrant coastal community along Monterey Bay, and Santa Clarita, a rapidly growing city in Los Angeles County, highlight Safehold's strategic positioning in high-demand markets aimed at enhancing community living standards through quality residential offerings.
- Industry Leadership: Since its inception in 2017 as the creator of the modern ground lease industry, Safehold has focused on innovative land value unlocking methods to help property owners achieve higher returns with lower risks, further solidifying its leadership position in the real estate investment trust (REIT) sector.
See More
Safehold Inc. Signs $225 Million Note Purchase Agreement
- Bond Issuance Size: Safehold Inc. announced a definitive note purchase agreement for a total of $225 million in senior unsecured notes due August 1, 2056, demonstrating the company's strong financing capability in the capital markets.
- Interest Rate Structure Advantage: The bond features a stair-step interest rate structure starting at 4.00% and increasing to 6.615% over 21 years, which will aid the company in maintaining flexibility and predictability in future financial planning.
- Clear Use of Proceeds: Safehold intends to use the net proceeds from this offering for general corporate purposes, including repaying borrowings under its unsecured revolver and increasing investments in ground leases, reflecting the company's strategic planning for capital utilization.
- Market Participation: The bond offering attracted participation from both U.K. and U.S. investors, indicating an increasing recognition and influence of Safehold in the international capital markets, which will facilitate future financing activities.
See More
Safehold Inc. Completes $225 Million Note Offering
- Bond Offering Size: Safehold Inc. announced the signing of a definitive note purchase agreement through its operating company, Safehold GL Holdings LLC, successfully issuing $225 million in senior unsecured notes due in 2056, reflecting the company's strong performance in capital markets.
- Interest Rate Structure: The bond features a stair-step interest rate structure starting at 4.00% and increasing to 6.615% over 21 years, which not only helps reduce initial financing costs but also provides higher returns in the future.
- Use of Proceeds: The company plans to use the net proceeds from this offering for general corporate purposes, including repaying borrowings under its unsecured revolver, increasing investments in ground leases, and providing working capital, demonstrating a proactive approach to future investments.
- Market Participation: The bond offering attracted participation from both U.K. and U.S. investors, indicating an increasing recognition of Safehold in international capital markets and laying a solid foundation for the company's future financing activities.
See More
Safehold Declares Quarterly Dividend of $0.177 per Share
- Quarterly Dividend Announcement: Safehold has declared a quarterly dividend of $0.177 per share, consistent with previous distributions, demonstrating the company's ongoing ability to maintain stable cash flows and bolstering investor confidence.
- Yield Performance: The forward yield of 4.48% associated with this dividend offers relative attractiveness in the current market environment, potentially drawing in income-seeking investors and enhancing the stock's appeal.
- Shareholder Record Date: The dividend will be payable to shareholders of record on June 30, indicating the company's commitment to its shareholders while providing a clear timeline for investment decisions.
- Ex-Dividend Date: The ex-dividend date is also set for June 30, meaning investors must hold the stock before this date to qualify for the dividend, which may help increase trading activity in the short term.
See More
Safehold Declares Q2 2026 Dividend of $0.177 per Share
- Dividend Announcement: Safehold Inc. has declared a second-quarter dividend of $0.177 per share for 2026, reflecting the company's ongoing ability to generate stable returns for shareholders with an annualized rate of $0.708.
- Payment Timing: The dividend is set to be paid on July 15, 2026, to shareholders of record as of June 30, 2026, ensuring timely returns for investors and bolstering confidence in the company's financial health.
- Company Background: Since creating the modern ground lease industry in 2017, Safehold has focused on helping owners of high-quality properties achieve higher returns with lower risks, showcasing its innovative approach within the real estate investment trust (REIT) sector.
- Long-term Strategy: As a REIT, Safehold aims to deliver safe, growing income and long-term capital appreciation to its shareholders, reflecting its keen insight into market demands and strategic positioning for future growth.
See More
Safehold Declares Q2 2026 Dividend of $0.177 per Share
- Dividend Announcement: Safehold Inc. has declared a second-quarter dividend of $0.177 per share for 2026, reflecting an annualized rate of $0.708 per share, demonstrating the company's commitment to providing stable returns to shareholders.
- Payment Schedule: The dividend is set to be paid on July 15, 2026, to shareholders of record as of June 30, 2026, ensuring timely returns for investors and bolstering investor confidence.
- Company Background: Since creating the modern ground lease industry in 2017, Safehold has focused on helping owners of high-quality real estate achieve higher returns with lower risks, showcasing its innovative capabilities in the REIT sector.
- Long-term Strategy: As a REIT, Safehold aims to deliver safe, growing income and long-term capital appreciation to its shareholders, reflecting its keen insight into market demands and strategic positioning.
See More
Safehold Closes Ground Leases for Two Affordable Housing Developments in California
- Project Development Partnership: Safehold Inc. has partnered with CRP Affordable Housing to develop two affordable housing projects in Santa Cruz and Santa Clarita, California, expected to deliver 211 units by 2028, addressing the urgent need for affordable housing in these communities.
- Financing Support: Citi Community Capital provided construction and permanent financing for both projects, ensuring smooth progress while reflecting Safehold's ongoing investment and support in the affordable housing sector.
- Strategic Market Positioning: Santa Cruz, a vibrant coastal community along Monterey Bay, and Santa Clarita, a rapidly growing city in Los Angeles County, highlight Safehold's strategic positioning in high-demand markets aimed at enhancing community living standards through quality residential offerings.
- Industry Leadership: Since its inception in 2017 as the creator of the modern ground lease industry, Safehold has focused on innovative land value unlocking methods to help property owners achieve higher returns with lower risks, further solidifying its leadership position in the real estate investment trust (REIT) sector.
See More
