2024-02-14 01:21:53 ET
Summary
- Safehold's stock performance has not met my expectations in 2024, with losses of over 11% to date.
- The market repricing its expectations on interest rate cuts has been the key driver behind this drop.
- Despite this, Q4 2023 results show that Safehold continues to deliver stable financial performance and has strengthened its risk profile.
- In this article, I review Q4 2023 results and outline my stance on the buy thesis for SAFE.
Back in mid-December 2023, I wrote an article - 2 REITs That Are Likely To Have Alpha Performance In 2024 - on two REITs, which, in my opinion, were poised to outperform the market over 2024....
Read the full article on Seeking Alpha
For further details see:
After Q4 Results And Share Price Drop, Safehold Is Still A Buy