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., 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%.
A crane on a construction site, building a modern office complex for the REIT.
Safehold Inc. remains an obscure REIT with minimal transparency into its asset quality and risk profile.
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This article is originally published at Insider Monkey.
