secwatch.observer — SEC 8-K summary
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Issuer:     Safehold Inc. (SAFE)
CIK:        0001095651
Form:       8-K
Filed at:   2025-05-06T23:59:59+00:00
Accession:  0001095651-25-000014
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1095651/000109565125000014/0001095651-25-000014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1095651/000109565125000014/safe-20250506x8k.htm
  HTML page:      https://secwatch.observer/filing/0001095651-25-000014

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer