secwatch.observer — SEC 8-K summary
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Issuer:     Safehold Inc. (SAFE)
CIK:        0001095651
Form:       8-K
Filed at:   2024-10-28T23:59:59+00:00
Accession:  0001095651-24-000026
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Safehold reports estimated unrealized capital appreciation of $9.14B in owned residual portfolio as of Sep 30, 2024
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- Estimated UCA of $9,141M; Combined Property Value $15.5B vs. Ground Lease Cost $6.4B as of Sep 30, 2024.
- CBRE appraisals used; valuation assumptions include cap rates (hotel 5.5%-8.75%, office 5%-10%, multifamily 4%-6.5%).
- Tenant rights (buy-out options, preemptive rights, lease termination) may limit realizable UCA from certain properties.
- Caret units: 76,801 awarded to executives/employees; vest if stock trades at avg ≥$60 for 30 days within 4 years.
- Safehold owns 84.3% of outstanding Caret units; 259,642 units sold to third parties including MSD Partners.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1095651/000109565124000026/0001095651-24-000026-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1095651/000109565124000026/safe-20241028x8k.htm
  HTML page:      https://secwatch.observer/filing/0001095651-24-000026

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