---
schema_version: "secwatch.filing_event.v1"
accession: "0001095651-24-000006"
form_type: "8-K"
ticker: "SAFE"
cik: "0001095651"
company_name: "Safehold Inc."
filed_at: "2024-02-12T23:59:59+00:00"
generated_at: "2026-06-06T04:08:05.602639+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Safehold reports estimated unrealized capital appreciation of $9.8B in owned residual portfolio as of Dec 31, 2023

## Summary
- 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.

## SEC filing metadata
- accession: 0001095651-24-000006
- form_type: 8-K
- ticker: SAFE
- cik: 0001095651
- company_name: Safehold Inc.
- filed_at: 2024-02-12T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1095651/000109565124000006/0001095651-24-000006-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1095651/000109565124000006/safe-20240212x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001095651-24-000006
- JSON: https://secwatch.observer/filing/0001095651-24-000006.json
- Plain text: https://secwatch.observer/filing/0001095651-24-000006.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.