Page 1

Safehold Press Release Safehold Reports First Quarter 2021 Results NEW YORK , April 22 , 2021 Safehold Inc. ( NYSE : SAFE ) reported results for the first quarter 2021 . Highlights from the first quarter earnings announcement include : Revenue of $ 43.5 million Net income of $ 16.9 million Earnings per share of $ 0.32 $ 166 million of new ground lease investments with an effective yield of 5.3 % " $ 1.0 billion new recast unsecured revolving credit facility $ 770 million of cash & credit facility availability " Following our recent investment grade ratings from Moody's and Fitch , Safehold recast a new $ 1.0 billion revolving credit facility , which will allow us to more efficiently deliver better ground lease capital to our customers , " said Jay Sugarman , Chairman and Chief Executive Officer . " With our ample liquidity and growing pipeline , we are excited to see the markets opening up as we continue to lead the expansion of the modern ground lease industry . " SAFE published a presentation detailing these results which can be found on its website , www.safeholdinc.com in the " Investor Relations " section . The Company will host an earnings conference call reviewing this presentation beginning at 10:00 a.m. ET . This conference call will be broadcast live and can be accessed by all interested parties through Safehold's website and by using the dial - in information listed below : ( 1 ) Investments in Q1 '21 include $ 95m of forward commitments that have not yet been funded . There can be no assurance that Safehold will complete these transactions . 1114 Avenue of the Americas New York , NY 10036 T 212.930.9400 E investors @ safeholdinc.com