Safehold Inc. announced that its estimated unrealized capital appreciation (UCA) in its owned residual portfolio reached $9,867 million as of September 30, 2026. The UCA represents the aggregate Combined Property Value of approximately $16,812 million minus the aggregate cost basis of $6,945 million for its ground lease investments. CBRE Inc. conducted independent valuations using sales comparison and income capitalization approaches to determine these figures. Safehold tracks this metric to assess the safety of its position in tenants' capital structures and the quality of long-term cash flows. The company operates as a real estate investment trust focused on commercial ground leases.
