other material
confidence high
sentiment positive
materiality 0.65
Safehold reports estimated $10.0B unrealized capital appreciation in owned residual portfolio as of Mar 31, 2023
Safehold Inc.
- Estimated UCA of $10,026M (Combined Property Value $16,034M less Ground Lease Cost $6,008M).
- Combined Property Value includes $1,375.4M related to unfunded commitments; CBRE engaged for independent valuations.
- On Mar 31, 2023, sold 100,000 Caret units to MSD affiliates for $20M and 22,500 units to others for $4.5M.
- Post-merger, 76,801 Caret units awarded to executives with cliff vesting at $60 stock price for 30 consecutive days.
- Portfolio valuation updated annually; key assumptions include cap rates of 4%–8.5% across property types.