---
schema_version: "secwatch.filing_event.v1"
accession: "0001095651-25-000004"
form_type: "8-K"
ticker: "SAFE"
cik: "0001095651"
company_name: "Safehold Inc."
filed_at: "2025-02-05T23:59:59+00:00"
generated_at: "2026-05-27T02:20:49.805833+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Safehold reports estimated UCA of $9,128M in owned residual portfolio as of Dec 31, 2024

## Summary
- Estimated Unrealized Capital Appreciation (UCA) of $9,128M as of Dec 31, 2024, based on Combined Property Value of $15,523M and Ground Lease Cost of $6,395M.
- CBRE provided independent valuations using sales comparison and income capitalization approaches for hotel, office, multi-family, life science and other property types.
- As of Dec 31, 2024, Safehold owns 84.3% of outstanding Caret units; 122,500 Caret units remain held by third-party investors.
- In April 2024, investors from Feb 2022 Caret unit sale exercised redemption rights; units redeemed at original purchase price less distributions.
- UCA estimate is subject to limitations including tenant rights, long lease terms, and reliance on tenant-supplied information; may not reflect realized value.

## SEC filing metadata
- accession: 0001095651-25-000004
- form_type: 8-K
- ticker: SAFE
- cik: 0001095651
- company_name: Safehold Inc.
- filed_at: 2025-02-05T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1095651/000109565125000004/0001095651-25-000004-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1095651/000109565125000004/safe-20250205x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001095651-25-000004
- JSON: https://secwatch.observer/filing/0001095651-25-000004.json
- Plain text: https://secwatch.observer/filing/0001095651-25-000004.txt

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