Safehold Inc 2024年度报告

FORM 10-K (Mark One);ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGEACT OF 1934For the fiscal year endedDecember 31, 2024OR;TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934For the transition period fromtoCommission File No. 001-15371 Safehold Inc. (Exact name of registrant as specified in its charter) Indicate by check mark whether the registrant: (i) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the precedingtwelve months (or for such shorter period that the registrant was required to file such reports); and (ii) has been subject to such filing requirements for the past 90 days. Yes ;No ; Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during thepreceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ;No ; Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company.See definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financialaccounting standards provided pursuant to Section 13(a) of the Exchange Act. ; Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal controls over financialreporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report.; If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correctionof an error to previously issued financial statements. ; Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant’sexecutive officers during the relevant recovery period pursuant to §240.10D-1(b). ; Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes ;No ; As of June 28, 2024, the aggregate market value of Safehold Inc. common stock, $0.01 par value per share, held by non-affiliates of the registrant was approximately $1.1 billion,based upon the closing price of $19.29 on the New York Stock Exchange composite tape on such date. As of February 5, 2025, there were 71,449,014 shares of common stock outstanding. Portions of the registrant’s definitive proxy statement for the registrant’s 2025 Annual Meeting, to be filed within 120 days after the close of the registrant’sfiscal year, are incorporated by reference into Part III of this Annual Report on Form 10-K. TABLE OF CONTENTS PagePART I1Item 1.Business9Item 1A.Risk Factors9Item 1B.Unresolved Staff Comments28Item 1C.Cybersecurity29Item 2.Properties30Item 3.Legal Proceedings30Item 4.Mine Safety Disclosures30PART II30Item 5.Market for Registrant’s Equity, Related Stock Matters and Issuer Purchases of Equity Securities30Item 6.RESERVED31Item 7.Management’s Discussion and Analysis of Financial Condition and Results of Operations31Item 7A.Quantitative and Qualitative Disclosures about Market Risk42Item 8.Financial Statements and Supplementary Data43Item 9.Changes and Disagreements with Registered Public Accounting Firm on Accounting andFinancial Disclosure95Item 9A.Controls and Procedures95Item 9B.Other Information95Item 9C.Disclosure Regarding Foreign Jurisdictions that Prevent Inspection95PART III96Item 10.Directors, Executive Officers and Corporate Governance of the Registrant96Item 11.Executive Compensation96Item 12.Security Ownership of Certain Beneficial Owners and Management and Related StockholderMatters96Item 13.Certain Relationships, Related Transactions and Director Independence96Item 14.Principal Accountant Fees and Services96PART IV96Item 15.Exhibits and Financial Statement Schedules96Item 16.Form 10-K Summary98SIGNATURES99 PART I Explanatory Note for Purposes of the "Safe Harbor Provisions" of Section 21E of the Securities Exchange Act of1934, as amended Certain statements in this report, other than purely historical information, including estimates, projections,statements relating to our business plans, objectives and expected operating results, and the assumptions upon whichthose statements are based, are "forward-looking statements" within the meaning of the Private Securities LitigationReform Act of 1995, Section 27A of the Securities Act of 1933, as amended (th