Safehold reports $9.51B unrealized capital appreciation in ground lease portfolio as of March 31, 2026

Safehold Inc.

Estimated UCA of $9,510M on Combined Property Value of $16,247M and Ground Lease Cost of $6,737M.
CBRE, Inc. engaged to perform independent valuations of Combined Property Values for ground leases.
UCA calculation includes ground leases with buy-out options, preemptive rights, and other tenant limitations.
Caret units: 83.9% held by Safehold; 78,996 Caret units remain available for awards; MSD Partners holds 122,500 units.

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