Safehold Inc Intrinsic Value Calculation – 2023 Merger of iStar and Safehold Moves Forward with $1.6B Investment.

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The merger of iStar Inc. and Safehold Inc ($NYSE:SAFE). has received a major boost after shareholders from both companies approved the $1.6B investment to move the merger forward. This is an important milestone for the two companies as it signifies the completion of a long-term process. They will also have access to enhanced capital resources and a larger portfolio of properties to manage. This will give Safehold Inc. greater flexibility when it comes to managing their assets and expanding into new markets.

The merger of iStar Inc. and Safehold Inc. is expected to be finalized by the end of 2023, with the new company taking on its new name and identity shortly thereafter. This will mark the beginning of a new era for both companies and provide them with the resources and potential to become one of the leading players in the commercial real estate industry.

Price History

On Tuesday, news regarding a merger between iStar Inc. and Safehold Inc. was mostly positive as the two companies moved forward with a $1.6B investment. The stock of Safehold Inc. opened at $28.6 and closed at $27.9, up by 0.9% from the previous closing price of 27.6. This merger will be finalized in 2023, and investors are optimistic that the combined company will have better prospects than either company would have had individually. The details of the exact terms of the merger have yet to be released, though it is expected to bring substantial value to both companies. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Safehold Inc. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Safehold Inc. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Safehold Inc. More…

Key Ratios Snapshot

Some of the financial key ratios for Safehold Inc are shown below. More…

Analysis – Safehold Inc Intrinsic Value Calculation

At GoodWhale, we have conducted an analysis of SAFEHOLD INC‘s wellbeing and have come to a conclusion about its intrinsic value. Our proprietary Valuation Line has calculated the intrinsic value of SAFEHOLD INC’s share to be around $51.2. Comparing this to the current price of $27.9, we can see that it is currently undervalued by 45.5%. This could present an opportunity to buy low and sell high, as the stock may increase in value once it reaches its true value. More…

Peers

Safehold’s competitors in the ground lease space include Shinhan Seobu T&D REIT, SLS Realty REIT, and iStar Inc.

– Shinhan Seobu T&D REIT ($KOSE:404990)

Shinhan Seobu T&D REIT is a real estate investment trust that invests in properties used for telecommunication and data centers in South Korea. As of 2022, the company has a market cap of 102.92 billion won. The company’s portfolio includes properties in Seoul, Daejeon, Daegu, Busan, and Gwangju.

– SLS Realty REIT ($LTS:0OI7)

As of 2022, iStar Inc has a market cap of 932M. The company is a leading real estate investment and finance firm. They are dedicated to creating long-term value for their shareholders, clients, and partners.

Summary

Investors are showing their confidence in the $1.6 billion merger of iStar Inc. and Safehold Inc., with the news being generally positive. Analysts have stated that Safehold is well-positioned for the future, given its diverse portfolio, strong balance sheet, and experienced management team. The company’s focus on long-term capital appreciation, through both investments and innovative products, has made it an attractive acquisition target for other firms.

Furthermore, Safehold is expected to maintain its attractive dividend policy, offering a steady and attractive return for investors. With the merger now in place, investors can look forward to a larger asset base and increased opportunities for capital gains.