Safehold Inc. ( SAFE ) Q3 2025 Earnings Call November 5, 2025 5:00 PM EST Company Participants Pearse Hoffmann - Senior Vice President of Capital Markets & Investor Relations Jay Sugarman - CEO & Chairman Brett Asnas - Chief Financial Officer Timothy Doherty - Chief Investment Officer Conference Call Participants Ronald Kamdem - Morgan Stanley, Research Division Anthony Paolone - JPMorgan Chase & Co, Research Division Kenneth Lee - RBC Capital Markets, Research Division Harsh Hemnani - Green Street Advisors, LLC, Research Division Rich Anderson Ravi Vaidya - Mizuho Securities USA LLC, Research Division Jonathan Petersen - Jefferies LLC, Research Division Christopher Muller - Citizens JMP Securities, LLC, Research Division Presentation Operator Good afternoon, and welcome to Safehold's Third Quarter 2025 Earnings Conference Call. [Operator Instructions] As a reminder, today's conference call is being recorded.