Safety, Income & Growth Declares Second Quarter 2018 Common Stock Dividend

NEW YORK–(BUSINESS WIRE)–Safety, Income & Growth Inc. (NYSE: SAFE) announced today that the
Company’s Board of Directors has declared common stock dividends of
$0.15 per share for the second quarter of 2018. The dividend represents
an annualized rate of $0.60 per share and is payable on July 13, 2018 to
holders of record on June 29, 2018.

Safety, Income & Growth Inc. (NYSE: SAFE) is the first publicly traded
company that focuses on acquiring, owning, managing and capitalizing
ground leases. The Company seeks to provide safe, growing income and
capital appreciation to shareholders by building a diversified portfolio
of high quality ground leases. The Company, which is taxed as a real
estate investment trust (REIT), is managed by its largest shareholder,
iStar Inc. Additional information on SAFE is available on its website at www.safetyincomegrowth.com.

Contacts

Company:
Safety, Income & Growth Inc.
Jason Fooks, 212-930-9400
Vice
President of Investor Relations & Marketing
investors@safetyincomegrowth.com