other material
confidence high
sentiment neutral
materiality 0.65
Safehold reports $9,062M estimated UCA; Feb 2022 Caret unit investors exercise redemption
Safehold Inc.
- Estimated UCA in owned residual portfolio as of March 31, 2024: $9,062M (Combined Property Value $15,236M, Ground Lease Cost $6,174M).
- Feb 2022 Caret unit investors exercised redemption right in April 2024, redeeming units at original purchase price less distributions.
- Company owns 83.1% of outstanding Caret units; officer/employee holdings represent 14.5% of outstanding and 11.6% of authorized.
- CBRE provides independent valuations using cap rates from 3.35% (multifamily) to 9.50% (office) and stabilized occupancy assumptions.