Safehold Inc.: management transactions · United States · SEC (Form 4)

About Safehold Inc.

Safehold Inc. (NYSE: SAFE) is a US-listed real estate company based in the United States and traded on the New York Stock Exchange. The company has built a differentiated platform focused on modern ground leases, meaning it owns the land underneath commercial and multifamily buildings while the operating owner owns and manages the improvements. Safehold describes itself as a REIT and aims to deliver safe, growing income and long-term capital appreciation to shareholders. ([ir.safeholdinc.com](https://ir.safeholdinc.com/news-releases/news-release-details/safehold-reports-fourth-quarter-and-fiscal-year-2025-results?utm_source=openai)) From an organizational standpoint, Safehold is a Maryland corporation headquartered in New York at 1114 Avenue of the Americas. Its business is conducted primarily through Safehold GL Holdings LLC. The company’s roots trace back to iStar, after which it was refocused into a dedicated ground-lease platform. That history matters because it explains Safehold’s financing culture, institutional real estate orientation, and emphasis on long-duration contractual cash flows. ([sec.gov](https://www.sec.gov/Archives/edgar/data/0001095651/000109565126000010/safe-20251231x10k.htm?utm_source=openai)) Safehold’s core business is straightforward but specialized: originate, acquire, and manage long-term ground leases on high-quality real estate assets, then collect ground rent over time. This positions the company at the intersection of real estate ownership, structured finance, and specialty lending. The model is designed to be capital-efficient and relatively defensive, with recurring rent streams and long contractual durations. In its recent disclosures, the company highlighted investment-grade credit ratings, including A- from S&P, which supports funding flexibility and can reduce its cost of capital. ([sec.gov](https://www.sec.gov/Archives/edgar/data/0001095651/000109565126000017/safe-20260331x10q.htm?utm_source=openai)) Competitively, Safehold stands out because it is not a diversified REIT. Its niche focus on ground leases gives it a distinct market position and a specialized value proposition for developers, owners, and sponsors seeking long-dated capital solutions. That specialization is a key differentiator versus conventional office, multifamily, industrial, or retail REITs, and it also makes Safehold more of a platform business than a pure property operator. ([sec.gov](https://www.sec.gov/Archives/edgar/data/0001095651/000109565126000017/safe-20260331x10q.htm?utm_source=openai)) Recent developments have been constructive. In FY2025, Safehold reported $429 million of new originations, including 17 new ground leases and four leasehold loans, taking its aggregate ground lease portfolio to $7.1 billion. Management also pointed to an improved funding profile after a third credit rating upgrade to A-. In early 2026, Safehold disclosed a quarterly dividend of $0.177 per share and additional share repurchases in its SEC filings, underscoring a continued capital-return and balance-sheet management focus. ([ir.safeholdinc.com](https://ir.safeholdinc.com/news-releases/news-release-details/safehold-reports-fourth-quarter-and-fiscal-year-2025-results?utm_source=openai)) For investors in the French-speaking market, Safehold is best viewed as a specialty US real estate name on the NYSE, with a differentiated strategy centered on ground leases, recurring income, and disciplined capital deployment across the United States. ([ir.safeholdinc.com](https://ir.safeholdinc.com/news-releases/news-release-details/safehold-reports-fourth-quarter-and-fiscal-year-2025-results?utm_source=openai))