---
schema_version: "secwatch.filing_event.v1"
accession: "0001095651-25-000022"
form_type: "8-K"
ticker: "SAFE"
cik: "0001095651"
company_name: "Safehold Inc."
filed_at: "2025-08-05T23:59:59+00:00"
generated_at: "2026-05-17T20:24:22.944865+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 of $9.056B in residual portfolio as of June 30, 2025

## Summary
- Combined Property Value $15.577B; Ground Lease Cost $6.521B; UCA $9.056B.
- CBRE valuations use hypothetical fee simple value, ignoring ground lease; cap rates range 4.25%-11%.
- UCA is non-GAAP; subject to limitations including tenant purchase options and rolling valuations.
- Company owns 84.3% of outstanding Caret units; 128,871 units remain available for awards.
- UCA estimate intended to support dividend growth objective; no YoY comparison provided.

## SEC filing metadata
- accession: 0001095651-25-000022
- form_type: 8-K
- ticker: SAFE
- cik: 0001095651
- company_name: Safehold Inc.
- filed_at: 2025-08-05T23:59:59+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/1095651/000109565125000022/0001095651-25-000022-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1095651/000109565125000022/safe-20250805x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001095651-25-000022
- JSON: https://secwatch.observer/filing/0001095651-25-000022.json
- Plain text: https://secwatch.observer/filing/0001095651-25-000022.txt

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