Was Jim Cramer Right About Safehold Inc. (SAFE)?

We recently published a list of 12 Stocks Jim Cramer Was Right About. In this article, we are going to take a look at where Safehold Inc. (NYSE:SAFE) stands against other stocks that Jim Cramer discusses.

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%.

Was Jim Cramer Right About Safehold Inc. (SAFE)?

A crane on a construction site, building a modern office complex for the REIT.

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

Overall, SAFE ranks 6th on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of SAFE as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than SAFE and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. This article is originally published at Insider Monkey.