Positive Developments in Q3 for Safehold
<p>Analysts at Berenberg Bank provided their view on <a href='https://financialmodelingprep.com/financial-summary/SAFE'>Safehold Inc. (NYSE:SAFE) </a>following Q3 results, which were seen as positive and further supportive of their Buy thesis. Notable items in the quarter were: (1) solid origination volume and disclosure of a robust deal pipeline; (2) two positive mark to market sales by SAFE customers; and (3) the commencement of solicitation of iStar (STAR) senior note holders.</p>
<p>The company originated $321 million of ground leases in Q3, essentially in line with the brokerage’s estimate of $350 million. Commentary on the conference call was positive, with management noting that the pipeline remains robust. During the company’s equity raise last month, it disclosed a pipeline size of around $1.4 billion and the brokerage believes it is likely that the company can/will close on a large portion within the next 12 months.</p>

NYSE:SAFE