SAFEHOLD INC. DL-,01

Safehold reported Q1 2026 revenue up 13% to $110.9 million, beating analyst estimates, while diluted earnings per share were $0.40 and remained below consensus due to charges from the Park Hotels portfolio. The book value of the ground-lease portfolio reached $7.1 billion; new business amounted to $68 million and the pipeline includes non-binding letters of intent totalling about $255 million. The company has $1.1 billion of immediately available capital plus $400 million of joint-venture capital, holds investment-grade ratings and repurchased 236,000 shares during the quarter. Safehold maintains a conservative capital structure with long-term debt maturities; the stock reacted positively in after-hours trading on the results. » More on de.investing.com

S&P Global Ratings has raised Safehold’s long‑term rating from BBB+ to A- and kept the outlook at “stable,” supported by stable asset quality and steady ground‑lease income. The short‑term rating for the commercial‑paper program remains at A‑2. Despite a rising GLTV to 52% as of 30 September 2025, S&P still sees adequate buffers, expects a leverage level around 2.25x and points to a pipeline of transactions exceeding USD 300 million. Safehold has also taken legal action against the operator of the five Park Hotels for breaches of operating standards but still expects to receive ground‑lease payments during the proceedings. » More on de.investing.com