Safehold reports estimated unrealized capital appreciation of $9.77B in owned residual portfolio as of June 30, 2026

Safehold Inc.

UCA of $9,770M on Combined Property Value of $16,676M and Ground Lease Cost of $6,906M.
Independent valuations by CBRE using income capitalization and sales comparison approaches.
Limitations include tenant rights, no GAAP audit, and rolling valuations that may not reflect current market conditions.
As of June 30, 2026, Safehold owned 83.4% of outstanding Caret units; officers/employees held 15.4% of outstanding Caret units.

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