Safehold financial performance and institutional investment

Safehold (NYSE: SAFE) reported strong second-quarter financial results, with GAAP revenue reaching $114.6 million and net income of $30.2 million. The company’s growth was driven by new originations and accretion on existing asset fundings, specifically within the affordable-housing segment. During the quarter, Safehold originated seven multifamily ground-lease transactions totaling $150 million, primarily located in California and Texas.

As of the end of the quarter, the company’s portfolio was valued at $7.3 billion across 172 assets. Multifamily assets have become a central focus, representing approximately 65% of the portfolio by count.

In the same period, institutional investor activity showed significant movement. Denali Advisors LLC established a new position by purchasing 309,600 shares valued at approximately $4,861,000. Other firms, including Russell Investments Group Ltd. and Tower Research Capital LLC, also increased their holdings. Currently, institutional investors and hedge funds hold 70.38% of the company’s stock.