Safehold Inc. reported second quarter 2026 financial results, posting revenue of $114.6 million and net income attributable to common shareholders of $30.2 million, or $0.42 per share. The company closed $150 million in new ground lease originations and formed a $348 million joint venture with Brookfield for a portfolio of ground leases. Additionally, Safehold completed a $225 million private placement of structured senior unsecured notes due 2056. Estimated unrealized capital appreciation increased to $9.8 billion. Safehold Inc. operates in the real estate industry, specializing in ground lease investments.

On June 15, 2026, Safehold GL Holdings LLC, an operating company of Safehold Inc., issued $225 million in aggregate principal amount of 6.615% Senior Notes due August 1, 2056. The notes feature a stairstep coupon starting at 4.00% and increasing to 6.615% by year 21, with the difference between the stated and cash rates accruing as payment-in-kind interest subject to credit rating maintenance. Proceeds will be used for general corporate purposes, including repaying secured revolver borrowings, ground lease investments, and working capital. The notes are fully guaranteed by Safehold Inc. and include restrictive covenants regarding unencumbered assets and secured debt ratios. Safehold Inc. operates in the real estate industry, specializing in the acquisition and management of ground leases.

Safehold Inc. formed a joint venture with a Brookfield affiliate involving a portfolio of United States ground leases generating approximately $14 million in annualized cash ground rent. Brookfield will acquire a 49% non-controlling interest at a gross valuation of roughly $348 million. Safehold will retain day-to-day management and holds call options to repurchase the interest starting after year seven. The venture is expected to be consolidated on Safehold's financial statements, with net proceeds allocated toward debt repayment and general corporate purposes. Safehold Inc. is a real estate investment company focused on ground lease assets.