other material
confidence high
sentiment neutral
materiality 0.50
Safehold reports estimated unrealized capital appreciation of $9.8B in owned residual portfolio as of Dec 31, 2023
Safehold Inc.
- UCA of $9,827M on combined property value of $16,001M and ground lease cost of $6,174M as of Dec 31, 2023.
- Valuation performed by CBRE using income and sales comparison approaches; key assumption ranges disclosed by property type.
- Portfolio includes 154 ground leases; values updated every 12-24 months, with initial reports for new acquisitions.
- Certain tenant rights (buy-out options, preemptive rights) may limit or delay realization of UCA upon lease expiry.
- As of Dec 31, 2023, Safehold owned 82.2% of Caret units; officers/employees held 15.4% of vested/unvested Caret units.