Safehold Inc

safeholdinc.com

Safehold Inc (NYSE: SAFE) is a real estate company that acquires, manages, and capitalizes ground leases underlying commercial real estate projects. It makes money by acting as the fee owner of land, net leasing that land on long-term bases (typically 30 to 99 years, with tenant renewal options) to the owners of buildings constructed on top, and collecting contractual base rent over those lease terms. Safehold operates through a single reportable segment and describes its business as comparable to a high-grade, fixed income investment with structural growth features. Rent escalations are built into leases either as specified percentage increases or CPI-based adjustments, with CPI lookbacks generally capped between 3.0% and 3.5% and starting between years 11 and 21 of the lease term. At lease expiration, Safehold retains residual rights to take ownership of buildings and improvements on its land at no additional cost. The company is publicly traded and structured as a REIT operating through one reportable business segment, per its 10-K filed February 12, 2026.