12 Stocks Jim Cramer Was Right About

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6. Safehold Inc. (NYSE:SAFE)

Number of Hedge Fund Holders: 15

Back in 2024, on May 15, a caller inquired about Safehold Inc. (NYSE:SAFE), a REIT known for ultra-long-term ground leases. Cramer passed on the stock due to a lack of transparency:

“Yeah, but I don’t really know what’s in it. I do not buy. I know that who runs it — the CEO — is very smart. But I’m not sure what’s in it, and that bothers me. I don’t recommend those stocks ‘cause I don’t know what’s in them.”

Cramer’s refusal to recommend it was wise, as it dropped 23.20%.

Safehold Inc. (NYSE:SAFE) remains an obscure REIT with minimal transparency into its asset quality and risk profile.

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