We wish to extend our heartfelt thoughts and sympathy to those who have experienced loss from the COVID-19 pandemic. Our immense gratitude goes out to the healthcare professionals, scientists, politicians, essential employees, and all others doing their part to mitigate the impact of a global crisis that affects all of us.
We’ve taken actions to safeguard our people and our business, closing our offices and implementing business continuity plans. We are highly focused on providing a supportive work environment as we adjust to a new temporary reality. We are encouraging our people to observe social distancing protocols and are complying with enhanced sanitization measures and other required health and safety steps. Further, we are maintaining contact with our business relationships, including tenants, customers, vendors and others, to ensure our business continues to function as effectively as possible during this challenging period.
While the pandemic will undoubtedly continue to impact the economy, as well as our customers and the assets in our portfolio, we wish to share a few reminders about the credit quality of our portfolio, the durability of our income stream and the strength of our balance sheet.
As we emerge from the pandemic, we believe more than ever in Safehold's value proposition as a tool for property owners to access better priced capital with less risk while generating superior returns relative to fee simple alternatives in the market.