Safehold Inc.
Safehold Inc. is a publicly traded real estate investment trust (REIT) headquartered in New York, NY, at 1114 Avenue of the Americas. The company's core business revolves around acquiring, managing, and capitalizing modern ground leases, aiming to revolutionize real estate ownership by providing a new method for property owners to unlock the value of the land beneath their buildings. Safehold's mission is to deliver efficient capital, expertise, a superior customer experience, and integrity to the real estate market.
Safehold's primary service involves offering modern ground leases, where the company purchases the land and leases it back to the property owner. This structure reduces upfront equity requirements for owners and provides a lower cost of capital. These long-term contracts typically stipulate that the tenant is responsible for all property operating expenses, development costs, and capital expenditures. Safehold focuses on high-quality multifamily, office, industrial, hospitality, student housing, life science, and mixed-use properties across major markets in the United States, operating in the top 30 MSAs.
Led by Chairman and Chief Executive Officer Jay Sugarman, Safehold reported Q1 2026 revenues of $110.9 million and net income of $28.9 million. During this period, the company closed $68 million in new originations, including ground leases and a leasehold loan, and its estimated Unrealized Capital Appreciation increased to $9.5 billion. Safehold also expanded its operations by beginning to operate two hotels in Q1 2026. As the first publicly-traded company to focus on modern ground leases, Safehold is positioned as the only nationally-scaled platform dedicated to value-enhancing ground leases, aiming to deliver safe, growing income and long-term capital appreciation to its shareholders.
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