Safehold Inc

Safehold Inc. (NYSE: SAFE) is a real estate investment trust (REIT) that created and operates the modern ground lease industry. The company provides ground lease capital to owners of high-quality commercial real estate, enabling property owners to unlock the value of the land beneath their buildings while generating higher returns with less risk. Safehold's portfolio spans multifamily, office, industrial, hospitality, student housing, life science, and mixed-use properties, primarily in the top 30 metropolitan statistical areas across the United States. As of June 30, 2026, the core portfolio comprised 172 assets with a gross book value of $7.1 billion, a 92-year weighted average extended lease term, and an estimated unrealized capital appreciation of $9.8 billion. Multifamily assets represent 65% of the portfolio by asset count. The company also operates a subsidiary called Caret designed to capture capital appreciation above the cost basis of its ground lease investments. Safehold generates revenue primarily through interest income from sales-type leases, operating lease income, and hotel revenues from two properties it began directly operating in 2026. Updated Jul 30, 2026