Safehold Inc. Shareholders Approve Key Proposals

Published 16/05/2025, 22:54
Safehold Inc. Shareholders Approve Key Proposals

Safehold Inc. (NYSE:SAFE), a real estate investment trust, announced the results of its annual shareholder meeting held on May 15, 2025. The meeting, conducted virtually, covered the election of directors, ratification of the company’s independent auditor, and approval of executive compensation.

Shareholders elected five directors to serve until the 2026 Annual Meeting. Jay Sugarman received 55,979,835 votes for, 1,197,816 withheld, and there were 4,053,795 broker non-votes. Robin Josephs was elected with 53,096,335 votes for, 4,081,316 withheld, and the same number of broker non-votes. Jay Nydick, Barry Ridings, and Stefan Selig also secured their positions with majorities.

The appointment of Deloitte & Touche LLP as Safehold’s independent registered public accounting firm for the fiscal year ending December 31, 2025, was ratified with 61,105,843 votes for, 101,942 against, and 23,661 abstentions.

Additionally, the compensation of Safehold’s named executive officers received advisory approval, with 48,610,858 votes for, 8,506,025 against, and 60,768 abstentions.

The decisions made during this meeting are part of Safehold’s ongoing governance and oversight activities. The company, headquartered in New York, is known for its investment in real estate and operates under the leadership of an experienced board and management team.

The detailed voting outcomes affirm shareholder confidence in the company’s leadership and strategic direction. Safehold continues to comply with regulatory requirements and demonstrates its commitment to transparent and responsible corporate governance.

This report is based on the company’s recent SEC filing and reflects the official results of the votes submitted by Safehold Inc. shareholders at the annual meeting.

In other recent news, Safehold Inc. reported financial results for the first quarter of 2025, exceeding analysts’ expectations. The company achieved earnings per share of $0.44, surpassing the forecasted $0.42, while revenue reached $97.7 million, above the expected $94.83 million. The company’s strong performance is attributed to its strategic focus on multifamily assets and an increased pace of signed letters of intent. Despite no new originations due to market volatility, Safehold’s pipeline remains robust, with plans to close a majority of deals in 2025. The company’s portfolio is valued at $6.8 billion, delivering an economic yield of 5.8%, which adjusts to 5.9% with inflation considerations. Safehold is exploring joint venture partnerships and capital recycling strategies to further expand its portfolio. Analysts have noted the company’s proactive approach in navigating market challenges and its potential for future growth.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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