Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nyse  >  Safehold Inc.    SAFE

SAFEHOLD INC.

(SAFE)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Safehold : Announces Public Offering and Concurrent Private Placement

11/09/2020 | 04:21pm EST

Safehold Inc. (NYSE: SAFE) (the "Company") announced today that it has commenced an underwritten public offering to sell 600,000 shares of its common stock. The Company intends to grant the underwriters in the offering a 30-day option to purchase up to an additional 90,000 shares of its common stock.

Concurrently with the completion of the public offering, Safehold will sell to iStar Inc. (NYSE: STAR) in a private placement, a number of shares of common stock equal to 65% of the total number of shares sold in the offering and the concurrent private placement (excluding any shares sold pursuant to the underwriters' additional purchase option) up to a maximum aggregate purchase price of $65 million, at the public offering price per share and subject to rounding.

The Company intends to use the net proceeds from the offering and concurrent private placement to make additional investments in ground leases, to repay outstanding borrowings under the Company's revolving credit facility and for general business purposes.

This press release does not constitute an offer to sell or the solicitation of an offer to buy shares of common stock, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

Goldman Sachs & Co. LLC and BofA Securities will act as joint book-running managers for the offering. The Company has filed a registration statement on Form S-3 (including a preliminary prospectus supplement and accompanying prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the preliminary prospectus supplement and accompanying prospectus and other documents the Company has filed with the SEC for more complete information about the Company and this offering. You may obtain these documents for free by visiting EDGAR on the SEC website at www.sec.gov. The Company or any underwriter or any dealer participating in the offering will arrange to send you the preliminary prospectus supplement and accompanying prospectus if you request it by contacting Goldman Sachs & Co. LLC, 200 West Street, New York, NY 10282, Attn: Prospectus Department or by email to prospectus-NY@ny.email.gs.com or BofA Securities, NC1-004-03-43, 200 North College Street, 3rd Floor, Charlotte, NC 28255-0001, Attn: Prospectus Department or by email to dg.prospectus_requests@bofa.com.

About Safehold:

Safehold Inc. (NYSE: SAFE) is a publicly traded REIT that originates and acquires ground leases in order to generate attractive long-term risk-adjusted returns.


© Business Wire 2020
All news about SAFEHOLD INC.
01/19SAFEHOLD : Announces Tax Treatment of 2020 Dividends
BU
2020SAFEHOLD : Declares Fourth Quarter 2020 Common Stock Dividend
BU
2020Safehold Inc. Invites You to Join Us at the Benzinga Global Small Cap Confere..
NE
2020SAFEHOLD : iStar Announces Adjustment of Conversion Rate for Convertible Notes
PR
2020SAFEHOLD : iStar to Present at the BofA Securities 2020 Leveraged Finance Virtua..
PR
2020SAFEHOLD : Corporate Presentation
PU
2020SAFEHOLD TO PRESENT AT NAREIT'S REIT : 2020 Annual Conference
BU
2020SAFEHOLD : iStar Declares Quarterly Common Dividend and Preferred Stock Dividend..
PR
2020SAFEHOLD INC. : Entry into a Material Definitive Agreement, Financial Statements..
AQ
2020Safehold Prices Upsized Public Offering and Private Placement
MT
More news
Financials (USD)
Sales 2020 156 M - -
Net income 2020 59,3 M - -
Net Debt 2020 1 546 M - -
P/E ratio 2020 66,0x
Yield 2020 0,83%
Capitalization 4 101 M 4 101 M -
EV / Sales 2020 36,3x
EV / Sales 2021 33,8x
Nbr of Employees -
Free-Float 32,7%
Chart SAFEHOLD INC.
Duration : Period :
Safehold Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends SAFEHOLD INC.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 7
Average target price 78,50 $
Last Close Price 77,25 $
Spread / Highest target 29,4%
Spread / Average Target 1,62%
Spread / Lowest Target -13,3%
EPS Revisions
Managers and Directors
NameTitle
Jay Sugarman Chairman & Chief Executive Officer
Marcos Alvarado President & Chief Investment Officer
Jeremy Fox-Geen Chief Financial Officer
Robin G. Josephs Director
Jay Scott Nydick Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
SAFEHOLD INC.6.57%4 101
MIRVAC GROUP-5.68%7 546
GPT GROUP-3.56%6 507
ICADE-9.38%5 111
COLONY CAPITAL, INC.-1.25%2 291
ESSENTIAL PROPERTIES REALTY TRUST, INC.-2.12%2 167