---
schema_version: "secwatch.filing_event.v1"
accession: "0001095651-26-000008"
form_type: "8-K"
ticker: "SAFE"
cik: "0001095651"
company_name: "Safehold Inc."
filed_at: "2026-02-11T23:59:59+00:00"
generated_at: "2026-05-16T03:13:02.990987+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Safehold reports $9.3B unrealized capital appreciation in residual portfolio as of Dec 31, 2025

## Summary
- Combined Property Value $15,947M, Ground Lease Cost $6,675M, Unrealized Capital Appreciation $9,272M.
- Valuation by CBRE using income capitalization and sales comparison approaches per property type.
- Properties include hotel, office, multi-family, life science, mixed-use; cap rates range 4.25-11.00%.
- Safehold holds 83.8% of Caret units; officers/employees own 14.9% of outstanding Caret units.
- Tenant buy-out options, preemptive rights, and lease expiry may limit realizable value of UCA.

## SEC filing metadata
- accession: 0001095651-26-000008
- form_type: 8-K
- ticker: SAFE
- cik: 0001095651
- company_name: Safehold Inc.
- filed_at: 2026-02-11T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1095651/000109565126000008/0001095651-26-000008-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1095651/000109565126000008/safe-20260211x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001095651-26-000008
- JSON: https://secwatch.observer/filing/0001095651-26-000008.json
- Plain text: https://secwatch.observer/filing/0001095651-26-000008.txt

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