secwatch.observer — SEC 8-K summary
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Issuer:     Safehold Inc. (SAFE)
CIK:        0001095651
Form:       8-K
Filed at:   2026-02-11T23:59:59+00:00
Accession:  0001095651-26-000008
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1095651/000109565126000008/0001095651-26-000008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1095651/000109565126000008/safe-20260211x8k.htm
  HTML page:      https://secwatch.observer/filing/0001095651-26-000008

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