Exhibit 99.2 Q4'25 & FY'25 Earnings Results Q4'25 & FY'25 Summary Q4'25 Highlights 9 1 167m Ground Leasehold Investment Leases Loan Activity1.2 S&P Ratings Upgrade to A- Safehold now A3 / A- / A- rated by Moody's, S&P and Fitch 400m Unsecured Term Loan Increases liquidity and flexibility; repaid nearest-term 2027 debt Q4'25 & FY'25 Investments | | Q4'25 | FY'25 | | --- | --- | --- | | | [9 GLs, 1 Loan] | [17 GLs, 4 Loans] | | Ground Lease Originations1 | $112m |$277m | | Leasehold Loan Originations2 | $5 ...