Safehold Inc. SAFE

Company Overview

Safehold Inc. is a publicly traded real estate investment trust (REIT) that focuses on acquiring, managing, and capitalizing ground leases on commercial real estate. The company operates primarily within the commercial real estate and real estate finance industries, offering long-duration ground lease capital to property owners while retaining ownership of the underlying land. Safehold’s business model is designed to provide stable, predictable income streams through long-term lease payments that often include contractual rent escalations and inflation-linked adjustments.

The company’s primary revenue driver is rental income generated from its ground lease portfolio, which is diversified across property types such as office, multifamily, industrial, hotel, and mixed-use assets. Safehold primarily serves institutional real estate owners, developers, and operators seeking to lower their cost of capital and unlock land value. Its strategic advantage lies in its specialized focus on modern ground leases, long lease terms (often 99 years), senior land ownership position, and alignment with inflation protection mechanisms. Safehold was founded in 2017 and completed its initial public offering in 2017, rapidly scaling its portfolio with strategic backing and management support from iStar Inc., which played a central role in its formation and early growth.