other material
confidence high
sentiment neutral
materiality 0.60
Safehold reports estimated UCA in owned residual portfolio of $8.854B as of March 31, 2025
Safehold Inc.
- Estimated UCA of $8.854B; Combined Property Value of $15.252B and Ground Lease Cost of $6.398B.
- Independent valuations by CBRE using income and sales comparison approaches; hypothetical fee simple value.
- Key assumptions: stabilized occupancy ranges 61-100% and cap rates 4.00-11.00% across property types.
- Tenant rights (buyout, preemptive, leveling) may limit realized UCA; valuation not GAAP and unaudited.
- Caret units: vested/unvested awards represent 14.4% of outstanding; company owns 84.3% of Caret units.