Safehold Inc. SAFE

What this company does

Safehold Inc. operates its business through one reportable segment by acquiring, managing and capitalizing ground leases. Its ground leases represent the ownership of land underlying commercial real estate projects that is net leased on a long-term basis, with base terms typically of 30 to 99 years, to the owners and operators of the real estate built on the land, an arrangement it refers to as a Safehold. As of December 31, 2025, the company had 72 employees. As of December 31, 2025, its gross book value as a percentage of combined property value was 52%. It is a Maryland corporation whose common stock is listed on the New York Stock Exchange under the symbol SAFE. On August 10, 2022, Safehold Inc., then known as Old SAFE, entered into a merger agreement with iStar Inc., and on March 31, 2023 Old SAFE merged with and into iStar, which continued as the surviving corporation and changed its name to Safehold Inc. The company, then known as iStar, elected to be taxed as a real estate investment trust for U.S. federal income tax purposes commencing with the tax year ended December 31, 1998.

Written from the business description in Safehold Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 12 February 2026. Every sentence was checked against that document before publication.