---
schema_version: "secwatch.filing_event.v1"
accession: "0001095651-25-000014"
form_type: "8-K"
ticker: "SAFE"
cik: "0001095651"
company_name: "Safehold Inc."
filed_at: "2025-05-06T23:59:59+00:00"
generated_at: "2026-05-22T10:48:15.263768+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Safehold reports estimated UCA in owned residual portfolio of $8.854B as of March 31, 2025

## Summary
- 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.

## SEC filing metadata
- accession: 0001095651-25-000014
- form_type: 8-K
- ticker: SAFE
- cik: 0001095651
- company_name: Safehold Inc.
- filed_at: 2025-05-06T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1095651/000109565125000014/0001095651-25-000014-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1095651/000109565125000014/safe-20250506x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001095651-25-000014
- JSON: https://secwatch.observer/filing/0001095651-25-000014.json
- Plain text: https://secwatch.observer/filing/0001095651-25-000014.txt

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