NEW YORK, Nov. 24, 2025 — Safehold Inc. (referred to as “the Company” or “Safehold”) (NYSE: SAFE) announced that S&P Global Ratings (“S&P”) has elevated its credit ratings for the Company from BBB+ to A-, maintaining a stable outlook. Concurrently, S&P is granting an A- rating and stable outlook to Safehold GL Holdings LLC, the Company’s operational subsidiary.

“This credit rating enhancement represents a crucial achievement for Safehold, and we acknowledge S&P’s validation of Safehold’s robust credit standing, which stems from our dominant market position, our premium portfolio of institutional ground leases, and a resilient, enduring balance sheet,” stated Brett Asnas, Chief Financial Officer. “Attaining single-A ratings from all three prominent agencies underscores the caliber of Safehold’s operational framework, and we anticipate these ratings will yield advantages for both clients and investors through improved access to capital and reduced funding costs.”

S&P detailed the reasoning for the rating improvement in its report, explaining: “The upgrade acknowledges Safehold’s consistent asset quality and business resilience, even amidst pressures in the Commercial Real Estate (CRE) sector. We believe this highlights the inherent structural soundness of the company’s ground leases, setting it apart from other entities rated ‘BBB+’.”

Regarding Safehold:

Safehold Inc. (NYSE: SAFE) is transforming real estate ownership by offering property owners an innovative and superior method to realize the value of their underlying land. After establishing the contemporary ground lease sector in 2017, Safehold consistently assists owners of prime multifamily, office, industrial, hospitality, student housing, life science, and mixed-use assets in achieving greater returns with reduced risk. The Company, operating as a real estate investment trust (REIT) for tax purposes, aims to provide shareholders with secure, increasing income and sustained capital growth. Further details about Safehold can be found on its official website at .

Company Contact:

Pearse Hoffmann
Senior Vice President
Head of Corporate Finance
T 212.930.9400
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SOURCE: Safehold