Safehold Achieves Significant Credit Rating Upgrade to A- by S&P Global Ratings

Safehold Achieves Credit Ratings Upgrade

Safehold Inc., trading on NYSE under the ticker SAFE, has recently announced a positive change in its credit ratings from S&P Global Ratings. The company sees its rating lifted to A- from the previous BBB+ grade, indicating a stable outlook for its financial performance. This change, announced on November 24, 2025, was not only for Safehold but also extended to its operating subsidiary, Safehold GL Holdings LLC, which is now rated A- with a stable outlook as well.

Brett Asnas, the Chief Financial Officer of Safehold, expressed his satisfaction with this acknowledgment from S&P. He stated that the upgrade represents a significant milestone for the firm while highlighting the strength attributed to its credit profile. This strength, he emphasizes, is a result of Safehold’s leading position in the market, combined with its portfolio of high-quality institutional ground leases and a robust, long-term balance sheet.

Asnas further explained that receiving a single-A rating from all three main credit rating agencies signifies the integrity of Safehold’s platform. The implications of such ratings are beneficial to both customers and shareholders, paving the way for improved access to capital and a reduction in financing costs.

S&P’s rationale behind the recent upgrade was well-documented in their analysis, which pointed out that Safehold has managed to maintain steady asset quality and business stability even amidst challenges in the commercial real estate (CRE) sector. This resilience in the face of stress demonstrates the structural integrity of Safehold’s ground leases, setting the company apart from other entities rated at the BBB+ level.

Safehold is transforming the landscape of real estate ownership by enabling property owners to realize the value of the land beneath their structures. Founded in 2017, Safehold pioneered the modern ground lease industry and has consistently supported owners of various types of properties—including multifamily units, offices, industrial buildings, hospitality venues, and life sciences—to generate higher returns with lower risk.

Utilized as a real estate investment trust (REIT), the company is determined to deliver reliable income growth and long-term capital appreciation to its shareholders. This rating upgrade comes as yet another testament to Safehold's ability to sustain its innovative approach while managing risk effectively, all while providing solutions that meet contemporary market needs.

For more information about Safehold and its mission, visit their official website at www.safeholdinc.com. Their strategy of utilizing ground leases has changed how owners manage their properties, allowing for an optimal balance between value creation and risk mitigation.

As an active player in the industry, Safehold continues to evolve and adapt to changing market dynamics while reinforcing its commitment to enhancing value for property owners across the United States. The achieved credit rating upgrade serves both as recognition of past successes and as a driving force for future growth, underpinned by strong financial discipline and a forward-thinking strategy.