Safehold Management
Management criteria checks 2/4
Safehold's CEO is Jay Sugarman, appointed in Oct 2016, has a tenure of 7.5 years. total yearly compensation is $8.41M, comprised of 7.1% salary and 92.9% bonuses, including company stock and options. directly owns 2.81% of the company’s shares, worth $38.42M. The average tenure of the management team and the board of directors is 2.2 years and 6.8 years respectively.
Key information
Jay Sugarman
Chief executive officer
US$8.4m
Total compensation
| CEO salary percentage | 7.1% |
| CEO tenure | 7.5yrs |
| CEO ownership | 2.8% |
| Management average tenure | 2.2yrs |
| Board average tenure | 6.8yrs |
Recent management updates
Recent updates
After Q4 Results And Share Price Drop, Safehold Is Still A Buy
Feb 14Safehold: All Eyes On Yields
Jan 23Safehold: Greatly Positioned For An Outperformance (Rating Upgrade)
Dec 12Take A Bite Of Star Holdings If You Are Bullish On Safehold
Nov 15Safehold: A Billionaire's Bet On Ground Leases
Nov 07Safehold Is About To Be Clobbered By Interest Rates
Oct 11Safehold: Playing The Duration Risk Via A REIT Vehicle
Sep 26Safehold The RINO: Defaults And Valuation
Sep 18Safehold: Simply Irreplaceable
Aug 20Safehold: An "All-In" Bet On Lower Rates
Aug 03Safehold: Undervalued Play On Ground Leases
Jul 28Safehold: Long Duration REIT With High Interest Rate Sensitivity
Jul 12Safe With Safehold - Could Buy More For 2024 And Beyond
Jun 04CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | US$8m | US$600k | -US$55m |
| Sep 30 2023 | n/a | n/a | -US$74m |
| Jun 30 2023 | n/a | n/a | US$115m |
| Mar 31 2023 | n/a | n/a | US$115m |
| Dec 31 2022 | US$693k | US$600k | US$135m |
| Sep 30 2022 | n/a | n/a | US$135m |
| Jun 30 2022 | n/a | n/a | US$89m |
| Mar 31 2022 | n/a | n/a | US$81m |
| Dec 31 2021 | US$2m | US$600k | US$73m |
| Sep 30 2021 | n/a | n/a | US$67m |
| Jun 30 2021 | n/a | n/a | US$61m |
| Mar 31 2021 | n/a | n/a | US$59m |
| Dec 31 2020 | US$936k | US$600k | US$59m |
| Sep 30 2020 | n/a | n/a | US$55m |
| Jun 30 2020 | n/a | n/a | US$46m |
| Mar 31 2020 | n/a | n/a | US$38m |
| Dec 31 2019 | n/a | n/a | US$28m |
| Sep 30 2019 | n/a | n/a | US$21m |
| Jun 30 2019 | n/a | n/a | US$17m |
| Mar 31 2019 | n/a | n/a | US$15m |
| Dec 31 2018 | US$735k | n/a | US$12m |
Compensation vs Market: Jay's total compensation ($USD8.41M) is above average for companies of similar size in the US market ($USD5.57M).
Compensation vs Earnings: Jay's compensation has increased whilst the company is unprofitable.
CEO
Jay Sugarman (60 yo)
7.5yrs
Tenure
US$8,405,424
Compensation
Mr. Jay S. Sugarman has been the Executive Chairman of the Board and Chief Executive Officer of iStar Inc. since founded in 1997. He serves as Chief Executive Officer and Chairman at Star Holdings. Mr. Sug...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Chairman | 7.5yrs | US$8.41m | 2.81% $ 38.4m | |
| CFO & Principal Accounting Officer | 2.2yrs | US$4.92m | 0.096% $ 1.3m | |
| Chief Investment Officer | less than a year | no data | no data | |
| Senior Vice President of Capital Markets & Investor Relations | 1.3yrs | no data | no data | |
| Chief Legal Officer | 5.1yrs | no data | no data | |
| Chief People Officer | no data | no data | no data | |
| Executive VP & Head of Portfolio Management | no data | no data | no data | |
| Senior Vice President of Investment | 2.3yrs | no data | no data | |
| Executive VP & Head of Investments | no data | no data | no data | |
| Senior Vice President of Investments | no data | no data | no data | |
| Senior Vice President of Tax | no data | no data | no data | |
| Senior VP & Head of Business Solutions | no data | no data | no data |
2.2yrs
Average Tenure
42yo
Average Age
Experienced Management: SAFE's management team is considered experienced (2.2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Chairman | 7.5yrs | US$8.41m | 2.81% $ 38.4m | |
| Independent Director | 13.3yrs | US$308.09k | 0.062% $ 844.8k | |
| Independent Director | 6.8yrs | US$293.61k | 0.18% $ 2.5m | |
| Independent Director | 6.8yrs | US$299.21k | 0.074% $ 1.0m | |
| Lead Independent Director | 6.8yrs | US$368.45k | 0.094% $ 1.3m | |
| Independent Director | 2.3yrs | no data | no data |
6.8yrs
Average Tenure
60yo
Average Age
Experienced Board: SAFE's board of directors are considered experienced (6.8 years average tenure).