Portfolio

Safehold’s portfolio has increased 14x since our IPO in June 2017 to $4.8 billion.

YIELD METRICS

5.1% Annualized Yield⁽¹⁾ ($236M Annualized In-Place GAAP Rent, Net)

3.3% Annualized Cash Yield⁽²⁾ ($148M Annualized In-Place Cash Rent)

CREDIT METRICS³

3.5x W.A. Rent Coverage

40% W.A. GLTV

Property Type

Lease Term Remaining w/ Ext.
(W.A. 91 Years)

(1)

Calculated as the annualized base Net Rent plus Percentage Rent divided by Gross Book Value.

(2)

Calculated as the annualized base Cash Rent plus Percentage Rent divided by Cost Basis.

(3)

The Company uses estimates of the stabilized Property NOI it does not receive current tenant information or if the properties are under construction/in transition. These estimates are based on leasing activity at the property, third party appraisals and available market information, such as leasing activity at comparable properties in the relevant market.

Note: For additional details on these calculations, please see the Q4 2021 earnings presentation on our website.