NYSE:SAFESpecialized REITs
Safehold Targets Value Unlock After S&P Upgrade And Buyback Launch
Safehold (NYSE:SAFE) received an S&P credit rating upgrade to A- with a stable outlook.
The company announced a share buyback program alongside plans to monetize more of its unrealized capital appreciation, known as "Carats."
Management outlined an expansion of ground lease originations, including a focus on affordable housing and broader geographic reach.
Safehold, trading at $14.84, is working to reposition itself in the eyes of both credit markets and equity investors. The stock is up...