Star Holdings Reports Third Quarter 2025 Results
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 07 2025
0mins
Should l Buy SAFE?
Source: PRnewswire
Quarterly Financial Results: Star Holdings reported a net income of $1.8 million for Q3 2025, with earnings per share of $0.14, impacted by a non-cash adjustment related to its investment in SAFE shares.
Revenue Sources: The company generated $1.7 million in land revenues from the sale of 12 lots at Magnolia Green and received $4.7 million from a legal settlement concerning a legacy asset.
Share Repurchase Activity: Star Holdings repurchased approximately 0.4 million shares of its common stock for $3.3 million at an average price of $8.48 per share.
Portfolio Focus: The company aims to enhance shareholder value through active asset management and sales, with a portfolio that includes interests in various real estate projects and shares of Safehold Inc.
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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: 13.930
Low
14.00
Averages
18.00
High
28.00
Current: 13.930
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.
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- Addressing Housing Crisis: Steve Wylder, Safehold's Head of Investments, highlighted the growing challenges of housing affordability, particularly as elevated interest rates and construction costs rise, with Safehold's ground lease capital playing a crucial role in bridging capital structure gaps.
- Focus on Affordable Housing: In 2025, Safehold established a dedicated Affordable Housing team aimed at expanding its investments in this sector, demonstrating the company's long-term commitment to addressing the housing crisis.
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- Quarterly Dividend Announcement: Safehold has declared a quarterly dividend of $0.177 per share, consistent with previous distributions, indicating the company's stable cash flow and profitability, which is likely to attract income-seeking investors.
- Dividend Yield: The forward yield of 4.81% reflects Safehold's attractiveness in the current market environment, potentially increasing investor interest in the company's stock.
- Shareholder Record Date: The dividend will be payable on April 15, with a record date of March 31 and an ex-dividend date also on March 31, ensuring that eligible shareholders receive their dividends promptly, thereby reinforcing shareholder confidence.
- Future Growth Plans: Safehold aims to increase ground lease volume in 2026 while expanding its affordable housing platform, demonstrating that the company is actively seeking growth and market expansion opportunities while maintaining stable dividends.
See More
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- Dividend Announcement: Safehold Inc. has declared a common stock dividend of $0.177 per share for Q1 2026, representing an annualized rate of $0.708 per share, demonstrating the company's ability to generate stable returns for shareholders.
- Payment Timeline: The dividend is set to be paid on April 15, 2026, to shareholders of record as of March 31, 2026, ensuring eligible investors receive timely returns and bolstering investor confidence.
- Business Model: Safehold is revolutionizing real estate ownership by providing modern ground leases, enabling owners of high-quality properties to achieve higher returns with lower risk, further solidifying its leadership in the REIT sector.
- Market Positioning: As a company focused on diverse property types, Safehold aims to deliver safe, growing income and long-term capital appreciation to its shareholders, reflecting its strategic significance in the real estate market.
See More
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- Dividend Announcement: Safehold Inc. has declared a common stock dividend of $0.177 per share for Q1 2026, representing 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 April 15, 2026, to shareholders of record as of March 31, 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 properties unlock land value, showcasing its leadership in the real estate investment trust (REIT) sector while minimizing risks and maximizing returns.
- Long-Term Goals: As a REIT, Safehold aims to deliver safe, growing income and long-term capital appreciation to its shareholders, reflecting its strong commitment to shareholder interests and confidence in future growth.
See More
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- New Project Launch: Safehold closed a partnership with Samuels & Associates and Mark Development at the end of December 2026 to facilitate the development of 299 Broadway, a 204-unit multifamily project in Somerville, MA, marking its first collaboration in the Boston market.
- Financing Structure Advantage: By leveraging a combination of low-cost, flexible ground lease and loan capital, Safehold can assist developers in effectively executing their business plans and maximizing project value, thereby enhancing its position in the competitive real estate market.
- Market Expansion Strategy: Safehold's diversified portfolio includes over 22,000 multifamily units, demonstrating its strong influence across major U.S. markets and further solidifying its leadership in the modern ground lease industry.
- Long-Term Growth Commitment: As a real estate investment trust, Safehold is dedicated to providing safe, growing income and long-term capital appreciation to its shareholders, showcasing its innovation and strategic vision in the real estate sector.
See More
Safehold Selected as Finalist for 2026 Ivory Prize for Housing Affordability
- Industry Innovation Recognition: Safehold Inc. has been nominated as a finalist for the 2026 Ivory Prize, which honors organizations driving high-impact innovation in the affordable housing market, showcasing the company's leadership in the sector.
- Addressing Housing Crisis: Steve Wylder, Safehold's Head of Investments, emphasized that housing affordability is a complex issue, particularly amid rising interest rates and construction costs, with the company's ground lease capital effectively bridging capital structure gaps to advance projects.
- Focus on Affordable Housing: Safehold established a dedicated Affordable Housing team in 2025 aimed at expanding its investments in the sector, demonstrating the company's strong commitment and strategic direction towards addressing the housing crisis.
- Enhancing Industry Impact: The Ivory Prize aims to elevate effective solutions so that other industry participants can learn from and replicate these successful cases at scale, thereby promoting sustainable development across the entire sector.
See More
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- Industry Recognition: Safehold Inc. has been nominated as a finalist for the 2026 Ivory Prize, which honors organizations driving high-impact innovation in the affordable housing market, showcasing its leadership in the sector.
- Addressing Housing Crisis: Steve Wylder, Safehold's Head of Investments, highlighted the growing challenges of housing affordability, particularly as elevated interest rates and construction costs rise, with Safehold's ground lease capital playing a crucial role in bridging capital structure gaps.
- Focus on Affordable Housing: In 2025, Safehold established a dedicated Affordable Housing team aimed at expanding its investments in this sector, demonstrating the company's long-term commitment to addressing the housing crisis.
- Innovation Driving Industry: The Ivory Prize emphasizes the importance of innovative solutions in a fragmented and risk-averse housing industry, with Safehold's involvement providing replicable success stories for other companies to learn from.
See More
