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Safehold ( (SAFE) ) has issued an announcement.
Safehold has detailed the status of its Caret Performance Incentive Plan, under which Caret units are granted as performance-based awards linked to the company’s stock price and vesting conditions. As of December 31, 2025, nearly all previously awarded Caret units were fully vested except for grants tied to the March 31, 2027 cliff vesting and a new five-year vesting schedule, with officers and employees holding roughly 14.9% of outstanding Caret units and the company retaining 83.8% ownership overall.
The company has also disclosed that 122,500 Caret units have been sold to third-party investors and that about 78,996 units remain available for future awards under the incentive plan, reinforcing the role of equity-based incentives in aligning stakeholders with long-term performance. In a related step on February 11, 2026, independent valuation firm CBRE, Inc. consented to the use of its name and valuation work in Safehold’s SEC filings concerning the valuation of ground leases, supporting the credibility of the company’s reported unrealized capital appreciation measures.
The most recent analyst rating on (SAFE) stock is a Hold with a $15.50 price target. To see the full list of analyst forecasts on Safehold stock, see the SAFE Stock Forecast page.
Spark’s Take on SAFE Stock
According to Spark, TipRanks’ AI Analyst, SAFE is a Neutral.
Safehold’s overall stock score reflects strong profitability and attractive valuation, tempered by high leverage and declining cash flow. Recent corporate events and earnings call insights provide a positive outlook, but technical indicators suggest caution due to bearish trends.
To see Spark’s full report on SAFE stock, click here.
More about Safehold
Safehold Inc. operates in the real estate sector, focusing on ground leases and owning residual interests in properties subject to those leases. The company’s structure includes Portfolio Holdings, which issues GL units and Caret units, and it uses performance-based equity awards tied to its common stock price to incentivize executives, employees, directors and service providers.
Average Trading Volume: 445,314
Technical Sentiment Signal: Sell
Current Market Cap: $1.08B
For a thorough assessment of SAFE stock, go to TipRanks’ Stock Analysis page.