Safety, Income and Growth

General Information
Business:

We believe that we are the first publicly-traded company formed primarily to acquire, own, manage, finance and capitalize ground net leases, or GNLs. GNLs generally represent ownership of the land underlying commercial real estate projects that is net leased by the fee owner of the land to the owners/operators of the real estate projects built thereon. GNLs are typically “triple net” leases, meaning that the tenant is responsible for development costs, capital expenditures and all property operating expenses, such as maintenance, real estate taxes and insurance. GNLs are typically long-term (base terms ranging from 30 to 99 years, often with tenant renewal options) and have contractual base rent increases (either at a specified percentage or CPI-based, or both) and sometimes include percentage rent participations.

Industry: LESSORS OF REAL PROPERTY
Employees: 0
Founded: 2016
Contact Information
Address 1114 Avenue of the Americas, New York, NY 10036, US
Phone Number (212) 930-9400
Web Address http://www.sftyinc.com
View Prospectus: Safety, Income and Growth
Financial Information
Market Cap $363.8mil
Revenues $22.4 mil (last 12 months)
Net Income $7.5 mil (last 12 months)
IPO Profile
Symbol SAFE
Exchange NYSE
Shares (millions): 10.3
Price range $20.00 - $20.00
Est. $ Volume $205.0 mil
Manager / Joint Managers BofA Merrill Lync/ J.P. Morgan/ Barclays/ Citigroup/ Raymond James
CO-Managers Mizuho Securities
Expected To Trade: 6/22/2017
Status: Priced
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
Rating Change