Symbols / SAFE Stock $15.48 +1.84% Safehold Inc.

Real Estate • REIT - Diversified • United States • NYQ
SAFE (Stock) Chart
O: — H: — L: — C: — V: —
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Stock Fundamentals
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Index EQUITY
Sector Real Estate
Industry REIT - Diversified
CEO Mr. Jay S. Sugarman
Exch · Country NYQ · United States
Market Cap 1.11B
Enterprise Value 5.82B
Income 113.97M
Sales 416.66M
FCF (ttm) -303.37M
Book/sh 33.56
Cash/sh 0.27
Employees 72
Insider 10d —
IPO Nov 16, 1989
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 44.81%
P/E 9.80
Forward P/E 8.90
PEG —
P/S 2.66
P/B 0.46
P/C —
EV/EBITDA 17.17
EV/Sales 13.98
Quick Ratio 37.87
Current Ratio 39.05
Debt/Eq 191.04
LT Debt/Eq —
EPS (ttm) 1.58
EPS next Y 1.74
EPS Growth -2.40%
Revenue Growth 11.90%
EPS Gr Q/Q -1.70%
Rev Gr Q/Q —
Earnings (next) 2026-07-30
Earnings (prior) 2026-04-30
ROA 2.87%
ROE 4.71%
ROIC —
Gross Margin 95.89%
Oper. Margin 72.33%
Profit Margin 27.35%
Shs Outstand 71.61M
Shs Float 55.42M
Insider Own 22.69%
Instit Own 75.29%
Short Float 7.40%
Short Ratio 7.13
Short Interest 2.88M
52W High 17.16
vs 52W High -9.79%
52W Low 12.76
vs 52W Low 21.32%
Beta 1.83
Impl. Vol. 72.07%
Rel Volume 0.63
Avg Volume 352.35K
Volume 220.55K
Target (mean) $18.73
Tgt Median $17.00
Tgt Low $14.00
Tgt High $28.00
# Analysts 11
Recom Buy
Prev Close $15.20
Price $15.48
Change 1.84%
About

Safehold Inc. is revolutionizing real estate ownership by providing a new and better way for owners to unlock the value of the land beneath their buildings. Having created the modern ground lease industry in 2017, Safehold continues to help owners of high quality multifamily, affordable housing, office, industrial, hospitality, student housing, life science and mixed-use properties generate higher returns with less risk. The Company, which is taxed as a real estate investment trust (REIT), seeks to deliver safe, growing income and long-term capital appreciation to its shareholders. Safehold Inc. was incorporated in 2016 and is based in New York, United States.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$18.73
Mean price target
2. Current target
$15.48
Latest analyst target
3. DCF / Fair value
$-76.26
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$15.48
Low
$14.00
High
$28.00
Mean
$18.73

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-05-15 main Goldman Sachs Buy → Buy $23
2026-05-04 down RBC Capital Outperform → Sector Perform $16
2026-03-11 main Mizuho Neutral → Neutral $16
2026-02-20 main RBC Capital Outperform → Outperform $18
2026-02-18 main Truist Securities Hold → Hold $17
2026-01-23 down Morgan Stanley Equal-Weight → Underweight $14
2026-01-12 main Mizuho Neutral → Neutral $15
2025-12-17 main Mizuho Neutral → Neutral $14
2025-11-06 main RBC Capital Outperform → Outperform $17
2025-10-01 init Cantor Fitzgerald — → Neutral $17
2025-09-11 main Truist Securities Hold → Hold $16
2025-09-11 main Mizuho Neutral → Neutral $17
2025-08-12 main JMP Securities Market Outperform → Market Outperform $28
2025-07-09 main JP Morgan Neutral → Neutral $19
2025-06-26 reit JMP Securities Market Outperform → Market Outperform $32
2025-06-16 main Mizuho Neutral → Neutral $16
2025-05-19 main RBC Capital Outperform → Outperform $20
2025-05-19 main Truist Securities Hold → Hold $18
2025-05-14 main Goldman Sachs Buy → Buy $25
2025-04-29 main Morgan Stanley Equal-Weight → Equal-Weight $17
News
RSS: Latest SAFE news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-05-29 UHLICK CHRISTOPHER MICHAEL Officer — 4,500 $0.00 $0
2026-05-14 RIDINGS BARRY W Director — 8,778 $0.00 $0
2026-05-14 JOSEPHS ROBIN Director — 8,778 $0.00 $0
2026-05-14 NYDICK JAY S Director — 8,778 $0.00 $0
2026-05-14 SELIG STEFAN M Director — 13,655 $0.00 $0
2026-04-15 RIDINGS BARRY W Director — 33 $0.00 $0
2026-04-15 JOSEPHS ROBIN Director — 359 $0.00 $0
2026-02-27 SUGARMAN JAY SCOTT Chief Executive Officer — 90,149 $0.00 $0
2026-02-27 ASNAS BRETT Chief Financial Officer — 66,171 $0.00 $0
2026-01-15 RIDINGS BARRY W Director — 33 $0.00 $0
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
385.55
+5.43%
365.69
+3.72%
352.58
+30.43%
270.31
Operating Revenue
369.38
+7.13%
344.79
+9.83%
313.93
+16.67%
269.07
Cost Of Revenue
4.76
+12.71%
4.22
-9.22%
4.65
+49.61%
3.11
Reconciled Cost Of Revenue
2.45
+28.06%
1.91
-18.45%
2.35
+191.55%
0.81
Gross Profit
380.79
+5.35%
361.46
+3.89%
347.93
+30.21%
267.20
Operating Expense
69.45
-6.60%
74.35
-4.78%
78.08
+61.91%
48.23
Selling General And Administration
54.34
-1.06%
54.92
-16.09%
65.44
+69.48%
38.61
General And Administrative Expense
54.34
-1.06%
54.92
-16.09%
65.44
+69.48%
38.61
Salaries And Wages
12.55
-8.78%
13.76
-40.78%
23.23
+1402.59%
1.55
Other Gand A
41.79
+1.53%
41.16
-2.50%
42.21
+9.32%
38.61
Total Expenses
74.21
-5.56%
78.58
-5.03%
82.74
+61.16%
51.34
Operating Income
311.34
+8.44%
287.11
+6.40%
269.84
+23.23%
218.98
Total Operating Income As Reported
100.90
+15.86%
87.08
+212.98%
-77.08
-156.83%
135.63
EBITDA
335.11
+4.60%
320.36
+128.16%
140.41
-50.83%
285.57
Normalized EBITDA
337.33
+5.30%
320.36
+11.06%
288.45
+25.54%
229.76
Reconciled Depreciation
10.86
-11.43%
12.26
+0.12%
12.24
+2.72%
11.92
EBIT
324.25
+5.24%
308.10
+140.39%
128.16
-53.17%
273.65
Total Unusual Items
-2.22
0.00
+100.00%
-148.04
-365.26%
55.81
Total Unusual Items Excluding Goodwill
-2.22
0.00
+100.00%
-148.04
-365.26%
55.81
Special Income Charges
-2.22
0.00
+100.00%
-148.04
-365.26%
55.81
Other Special Charges
2.22
—
—
—
Impairment Of Capital Assets
0.00
0.00
-100.00%
145.37
0.00
Restructuring And Mergern Acquisition
0.00
0.00
-100.00%
3.12
-75.00%
12.50
Net Income
114.47
+8.23%
105.76
+292.39%
-54.97
-140.59%
135.42
Pretax Income
117.56
+6.82%
110.06
+308.27%
-52.85
-136.53%
144.68
Net Non Operating Interest Income Expense
-206.69
-4.36%
-198.04
-9.41%
-181.01
-40.35%
-128.97
Interest Expense Non Operating
206.69
+4.36%
198.04
+9.41%
181.01
+40.35%
128.97
Net Interest Income
-206.69
-4.36%
-198.04
-9.41%
-181.01
-40.35%
-128.97
Interest Expense
206.69
+4.36%
198.04
+9.41%
181.01
+40.35%
128.97
Other Income Expense
12.90
-38.53%
20.99
+114.82%
-141.68
-359.11%
54.68
Other Non Operating Income Expenses
-3.76
-89.61%
-1.98
+88.90%
-17.86
-75.31%
-10.19
Gain On Sale Of Security
—
—
0.45
-99.20%
55.81
Tax Provision
2.93
-14.86%
3.44
+100.41%
1.72
0.00
Tax Rate For Calcs
0.00
-20.30%
0.00
-85.09%
0.00
0.00
Tax Effect Of Unusual Items
-0.06
0.00
+100.00%
-31.09
0.00
Net Income Including Noncontrolling Interests
114.63
+7.52%
106.61
+295.39%
-54.56
-137.71%
144.68
Net Income From Continuing Operation Net Minority Interest
114.47
+8.23%
105.76
+292.39%
-54.97
-140.59%
135.42
Net Income From Continuing And Discontinued Operation
114.47
+8.23%
105.76
+292.39%
-54.97
-140.59%
135.42
Net Income Continuous Operations
114.63
+7.52%
106.61
+295.39%
-54.56
-137.71%
144.68
Minority Interests
-0.16
+81.10%
-0.85
-108.82%
-0.41
+95.59%
-9.26
Normalized Income
116.64
+10.28%
105.76
+70.64%
61.98
-22.15%
79.61
Net Income Common Stockholders
114.47
+8.23%
105.76
+292.39%
-54.97
-140.59%
135.42
Diluted EPS
1.59
+7.43%
1.48
+280.49%
-0.82
-137.79%
2.17
Basic EPS
1.60
+8.11%
1.48
+280.49%
-0.82
-137.79%
2.17
Basic Average Shares
71.69
+0.45%
71.37
+7.02%
66.69
+6.89%
62.39
Diluted Average Shares
71.79
+0.47%
71.45
+7.14%
66.69
+6.89%
62.39
Diluted NI Availto Com Stockholders
114.47
+8.23%
105.76
+292.39%
-54.97
-140.59%
135.42
Depreciation Amortization Depletion Income Statement
8.55
-14.08%
9.95
+0.11%
9.94
+3.36%
9.61
Depreciation And Amortization In Income Statement
8.55
-14.08%
9.95
+0.11%
9.94
+3.36%
9.61
Earnings From Equity Interest
18.89
-17.79%
22.98
-5.17%
24.23
+167.58%
9.05
Gain On Sale Of PPE
0.00
0.00
-100.00%
0.45
-99.20%
55.81
Provision For Doubtful Accounts
6.56
-30.83%
9.49
+250.92%
2.70
0.00
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Assets
7,249.27
+5.07%
6,899.38
+5.36%
6,548.31
+11.92%
5,850.92
Current Assets
2,436.44
+11.72%
2,180.92
+10.54%
1,972.98
+25.16%
1,576.31
Cash Cash Equivalents And Short Term Investments
23.73
+52.34%
15.58
-45.28%
28.47
+41.89%
20.07
Cash And Cash Equivalents
21.70
+160.06%
8.35
-55.51%
18.76
-6.50%
20.07
Other Short Term Investments
2.03
-71.96%
7.23
-25.52%
9.71
0.00
Receivables
2,403.68
+11.46%
2,156.53
+12.65%
1,914.44
+25.65%
1,523.59
Accounts Receivable
241.10
+14.39%
210.77
+17.08%
180.03
+20.93%
148.87
Other Receivables
2,003.93
+9.30%
1,833.40
+13.01%
1,622.30
+18.01%
1,374.72
Loans Receivable
158.64
+41.19%
112.36
+0.22%
112.11
0.00
Prepaid Assets
0.00
-100.00%
0.04
-97.99%
2.09
-51.77%
4.33
Restricted Cash
9.03
+2.95%
8.77
-68.65%
27.98
-1.22%
28.32
Total Non Current Assets
4,812.84
+2.00%
4,718.46
+3.13%
4,575.33
+7.03%
4,274.61
Net PPE
26.55
-12.55%
30.35
-13.13%
34.94
+32.80%
26.31
Gross PPE
26.55
-12.55%
30.35
-13.13%
34.94
+32.80%
26.31
Properties
0.00
0.00
0.00
0.00
Machinery Furniture Equipment
0.46
-28.75%
0.65
-33.91%
0.98
0.00
Other Properties
—
—
—
26.31
Leases
26.09
-12.19%
29.71
-12.53%
33.96
+29.08%
26.31
Goodwill And Other Intangible Assets
204.02
-2.26%
208.73
-1.13%
211.11
-3.07%
217.79
Other Intangible Assets
204.02
-2.26%
208.73
-1.13%
211.11
-3.07%
217.79
Investments And Advances
3,844.53
+3.77%
3,704.99
+3.91%
3,565.51
+8.47%
3,286.99
Long Term Equity Investment
280.85
+12.32%
250.03
-19.43%
310.32
+72.03%
180.39
Other Investments
3,563.68
+3.15%
3,454.95
+6.14%
3,255.20
+4.78%
3,106.60
Non Current Deferred Assets
15.05
-30.61%
21.69
+91.79%
11.31
+153.55%
4.46
Non Current Deferred Taxes Assets
3.52
-32.67%
5.22
-31.46%
7.62
0.00
Non Current Prepaid Assets
—
—
—
—
Other Non Current Assets
12.63
-0.60%
12.71
-6.89%
13.65
+338.59%
3.11
Total Liabilities Net Minority Interest
4,809.40
+6.28%
4,525.35
+6.41%
4,252.64
+15.36%
3,686.31
Current Liabilities
136.30
+15.99%
117.51
+16.19%
101.14
+25.88%
80.35
Payables And Accrued Expenses
136.30
+15.99%
117.51
+16.19%
101.14
+25.88%
80.35
Payables
13.56
+1.89%
13.31
+1.98%
13.05
-32.97%
19.47
Other Payable
—
—
—
5.30
Dividends Payable
13.56
+1.89%
13.31
+1.98%
13.05
+17.91%
11.07
Current Accrued Expenses
122.74
+17.79%
104.20
+18.29%
88.09
+44.70%
60.88
Total Non Current Liabilities Net Minority Interest
4,673.09
+6.02%
4,407.84
+6.17%
4,151.50
+15.13%
3,605.96
Long Term Debt And Capital Lease Obligation
4,491.51
+6.24%
4,227.81
+6.49%
3,970.12
+12.57%
3,526.83
Long Term Debt
4,485.89
+6.37%
4,217.44
+6.65%
3,954.36
+12.30%
3,521.36
Long Term Capital Lease Obligation
5.62
-45.81%
10.37
-34.14%
15.75
+187.90%
5.47
Other Non Current Liabilities
81.58
+1.95%
80.03
-1.66%
81.38
+2.84%
79.13
Preferred Securities Outside Stock Equity
100.00
+0.00%
100.00
+0.00%
100.00
0.00
Stockholders Equity
2,408.31
+2.74%
2,344.02
+5.05%
2,231.25
+4.19%
2,141.55
Common Stock Equity
2,408.31
+2.74%
2,344.02
+5.05%
2,231.25
+4.19%
2,141.55
Capital Stock
0.72
+0.42%
0.71
+0.42%
0.71
+13.94%
0.62
Common Stock
0.72
+0.42%
0.71
+0.42%
0.71
+13.94%
0.62
Share Issued
71.76
+0.44%
71.44
+0.51%
71.08
+13.91%
62.40
Ordinary Shares Number
71.76
+0.44%
71.44
+0.51%
71.08
+13.91%
62.40
Additional Paid In Capital
2,199.26
+0.34%
2,191.84
+0.35%
2,184.30
+9.96%
1,986.42
Retained Earnings
165.74
+61.74%
102.47
+115.37%
47.58
-68.54%
151.23
Gains Losses Not Affecting Retained Earnings
42.59
-13.06%
48.99
+3764.32%
-1.34
-140.75%
3.28
Minority Interest
31.57
+5.20%
30.01
-53.42%
64.42
+179.29%
23.07
Other Equity Adjustments
42.59
-13.06%
48.99
+3764.32%
-1.34
-140.75%
3.28
Total Equity Gross Minority Interest
2,439.88
+2.77%
2,374.03
+3.41%
2,295.68
+6.05%
2,164.61
Total Capitalization
6,894.20
+5.07%
6,561.46
+6.08%
6,185.62
+9.23%
5,662.91
Working Capital
2,300.14
+11.47%
2,063.41
+10.23%
1,871.84
+25.13%
1,495.96
Invested Capital
6,894.20
+5.07%
6,561.46
+6.08%
6,185.62
+9.23%
5,662.91
Total Debt
4,491.51
+6.24%
4,227.81
+6.49%
3,970.12
+12.57%
3,526.83
Net Debt
4,464.18
+6.06%
4,209.09
+6.95%
3,935.60
+12.40%
3,501.29
Capital Lease Obligations
5.62
-45.81%
10.37
-34.14%
15.75
+187.90%
5.47
Net Tangible Assets
2,204.30
+3.23%
2,135.29
+5.70%
2,020.14
+5.01%
1,923.75
Tangible Book Value
2,204.30
+3.23%
2,135.29
+5.70%
2,020.14
+5.01%
1,923.75
Derivative Product Liabilities
—
—
—
—
Dueto Related Parties Current
—
—
—
3.10
Financial Assets
21.32
-53.09%
45.44
+30.33%
34.86
+18.80%
29.35
Interest Payable
103.66
+17.99%
87.85
+27.66%
68.82
+24.09%
55.46
Investment Properties
688.75
-0.83%
694.54
-1.33%
703.94
-0.38%
706.60
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
47.81
+26.31%
37.85
+145.96%
15.39
-76.27%
64.85
Cash Flow From Continuing Operating Activities
47.81
+26.31%
37.85
+145.96%
15.39
-76.27%
64.85
Net Income From Continuing Operations
114.63
+7.52%
106.61
+295.39%
-54.56
-137.71%
144.68
Depreciation Amortization Depletion
10.86
-11.43%
12.26
+0.12%
12.24
+2.72%
11.92
Depreciation
8.55
-14.08%
9.95
+0.11%
9.94
+3.36%
9.61
Amortization Cash Flow
2.31
+0.00%
2.31
+0.17%
2.31
+0.04%
2.31
Depreciation And Amortization
10.86
-11.43%
12.26
+0.12%
12.24
+2.72%
11.92
Amortization Of Intangibles
2.31
+0.00%
2.31
+0.17%
2.31
+0.04%
2.31
Other Non Cash Items
-113.08
-5.20%
-107.49
-3.33%
-104.03
-68.89%
-61.59
Stock Based Compensation
12.55
-8.78%
13.76
-40.78%
23.23
+1402.59%
1.55
Provisionand Write Offof Assets
6.56
-30.83%
9.49
+250.92%
2.70
0.00
Asset Impairment Charge
1.95
0.00
-100.00%
145.37
0.00
Operating Gains Losses
-3.54
+84.60%
-22.98
+6.89%
-24.68
+61.96%
-64.87
Gain Loss On Investment Securities
13.13
—
-0.45
+99.20%
-55.81
Gain Loss On Sale Of PPE
0.00
0.00
+100.00%
-0.45
+99.20%
-55.81
Change In Working Capital
10.46
-21.54%
13.33
+87.45%
7.11
-77.14%
31.12
Change In Payables And Accrued Expense
8.06
-0.15%
8.07
+235.24%
-5.97
-129.73%
20.07
Change In Payable
8.06
-0.15%
8.07
+235.24%
-5.97
-129.73%
20.07
Change In Account Payable
8.06
-0.15%
8.07
+235.24%
-5.97
-129.73%
20.07
Change In Other Working Capital
2.40
-54.34%
5.26
-59.76%
13.08
+18.44%
11.04
Investing Cash Flow
-237.18
-11.68%
-212.37
+63.17%
-576.57
+49.69%
-1,145.95
Cash Flow From Continuing Investing Activities
-237.18
-11.68%
-212.37
+63.17%
-576.57
+49.69%
-1,145.95
Net PPE Purchase And Sale
—
—
—
—
Purchase Of PPE
—
—
—
—
Capital Expenditure
—
—
—
—
Net Investment Purchase And Sale
-176.19
+32.00%
-259.12
+15.75%
-307.56
+75.98%
-1,280.66
Purchase Of Investment
-182.53
+40.01%
-304.28
+3.94%
-316.75
+75.27%
-1,280.66
Sale Of Investment
6.34
-85.97%
45.17
+391.33%
9.19
0.00
Net Business Purchase And Sale
-28.88
-187.38%
-10.05
+93.30%
-149.94
-2141957.14%
-0.01
Purchase Of Business
-28.88
-187.38%
-10.05
+93.30%
-149.94
-2141957.14%
-0.01
Net Other Investing Changes
-45.74
-3178.85%
-1.40
+98.75%
-111.82
-13553.11%
-0.82
Financing Cash Flow
202.98
+40.09%
144.89
-74.10%
559.53
-48.71%
1,090.97
Cash Flow From Continuing Financing Activities
202.98
+40.09%
144.89
-74.10%
559.53
-48.71%
1,090.97
Net Issuance Payments Of Debt
488.33
+85.27%
263.58
-38.27%
427.00
-48.24%
825.00
Issuance Of Debt
2,011.34
-11.46%
2,271.58
+293.69%
577.00
-68.47%
1,830.00
Repayment Of Debt
-1,523.00
+24.15%
-2,008.00
-1238.67%
-150.00
+85.07%
-1,005.00
Long Term Debt Issuance
2,011.34
-11.46%
2,271.58
+293.69%
577.00
-68.47%
1,830.00
Long Term Debt Payments
-1,523.00
+24.15%
-2,008.00
-1238.67%
-150.00
+85.07%
-1,005.00
Net Long Term Debt Issuance
488.33
+85.27%
263.58
-38.27%
427.00
-48.24%
825.00
Net Common Stock Issuance
0.00
0.00
-100.00%
151.94
-50.85%
309.16
Common Stock Dividend Paid
-50.92
-0.66%
-50.59
-9.88%
-46.04
-9.13%
-42.19
Cash Dividends Paid
-50.92
-0.66%
-50.59
-9.88%
-46.04
-9.13%
-42.19
Net Other Financing Charges
-234.43
-244.23%
-68.10
-355.73%
26.63
+2768.34%
-1.00
Changes In Cash
13.62
+145.97%
-29.62
-1695.27%
-1.65
-116.71%
9.87
Beginning Cash Position
17.12
-63.38%
46.74
-3.41%
48.39
+25.64%
38.52
End Cash Position
30.74
+79.55%
17.12
-63.38%
46.74
-3.41%
48.39
Free Cash Flow
47.81
+26.31%
37.85
+145.96%
15.39
-76.27%
64.85
Interest Paid Supplemental Data
173.75
+7.00%
162.38
+7.35%
151.26
+61.17%
93.85
Common Stock Issuance
0.00
0.00
-100.00%
151.94
-50.85%
309.16
Dividend Received CFO
7.42
-42.32%
12.87
+60.81%
8.00
+290.96%
2.05
Dividends Received CFI
9.53
-81.83%
52.42
0.00
0.00
Earnings Losses From Equity Investments
-18.89
+17.79%
-22.98
+5.17%
-24.23
-167.58%
-9.05
Issuance Of Capital Stock
0.00
0.00
-100.00%
151.94
-50.85%
309.16
Net Investment Properties Purchase And Sale
4.11
-28.75%
5.76
+179.54%
-7.25
-105.35%
135.53
Purchase Of Investment Properties
0.00
0.00
+100.00%
-13.08
0.00
Sale Of Investment Properties
4.11
-28.75%
5.76
-1.15%
5.83
-95.70%
135.53
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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