SAFE
Safehold Inc.
$16.61
+0.17
(+1.03%)
Mkt Cap
1.19B
Volume
256,701
52W Range
12.76-17.16
Sector
Real Estate
Beta
1.81
EPS (TTM)
1.59
P/E Ratio
10.45
Revenue (TTM)
392.62M
Rev Growth (5Y)
+19.4%
EPS Growth (5Y)
+6.5%
AlphaVal · Fair Value
What we estimate one share is worth
$45.15
Undervalued
strong signal
63.2% below fair value
Modeled from cash flows & growth.
AlphaQuality · Grade
How strong & durable the business is
D
Real Estate Investment Trust
36.3 / 100 composite
A real-estate investment trust — graded A–F vs. similar companies.
Company Description
Safehold Inc. (NYSE: SAFE) is fundamentally transforming real estate ownership by offering property owners an innovative and superior method to extract the inherent value from the land supporting their structures. Through its modern ground lease financing solutions, Safehold empowers owners of premium multi-family, commercial, industrial, hospitality, and mixed-use assets located in key markets across the United States to achieve enhanced financial returns while concurrently mitigating risk. Operating as a Real Estate Investment Trust (REIT) and managed by its principal shareholder, iStar Inc., the company's objective is to deliver secure, progressively increasing income and sustainable long-term capital growth to its investors.
Track Record
Showing latest 4 periods • Swipe for more
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 385.55M | 365.69M | 352.58M | 270.31M | 187.01M | 158.73M | 93.40M | 49.72M | 679.20M | 21.74M | 18.57M | 462.03M |
| Net Income | 114.47M | 105.76M | (54.97M) | 135.42M | 73.12M | 59.29M | 27.69M | 11.74M | 175.68M | 6.62M | 5.35M | 873,000 |
| EPS | 1.60 | 1.48 | -0.82 | 2.17 | 1.32 | 1.17 | 28.17 | 0.64 | 9.75 | 0.36 | 0.29 | -3.56 |
| Free Cash Flow | 47.81M | 37.85M | 15.39M | 64.85M | (1.22B) | 5.00M | (1.37B) | (213.17M) | (78.25M) | (168.14M) | (164.72M) | (153.13M) |
| FCF / Share | 0.67 | 0.53 | 0.23 | 1.03 | -21.75 | 0.10 | -132.03 | -11.70 | -6.89 | -9.24 | -9.06 | -11.26 |
| Operating CF | 47.81M | 37.85M | 15.39M | 64.85M | 26.92M | 61.76M | (1.96M) | (24.13M) | 80.21M | 5.48M | 5.03M | (10.34M) |
| Total Assets | 7.25B | 6.90B | 6.55B | 5.85B | 4.52B | 3.21B | 2.57B | 979.74M | 728.51M | 155.67M | 144.26M | 5.45B |
| Total Debt | 4.49B | 4.23B | 3.97B | 3.53B | 2.70B | 1.69B | 1.38B | 543.97M | 307.07M | 3.55B | 4.30B | 4.02B |
| Cash & Equiv | 21.70M | 8.35M | 18.76M | 20.07M | 29.62M | 56.95M | 22.70M | 16.42M | 168.21M | 328.74M | 22,000 | 472.06M |
| Book Value | 2.41B | 2.34B | 2.23B | 2.14B | 1.68B | 1.38B | 1.09B | 355.35M | 355.94M | 154.09M | 144.03M | 1.18B |
| Return on Equity | 0.05 | 0.05 | -0.02 | 0.06 | 0.04 | 0.04 | 0.03 | 0.03 | 0.49 | 0.04 | 0.04 | 0.00 |
| Metric | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 104.75M | 97.87M | 96.16M | 93.84M | 97.68M | 91.87M | 90.70M | 89.89M | 93.21M | 103.03M | 85.56M | 85.66M |
| Net Income | 28.86M | 27.88M | 29.28M | 27.95M | 29.36M | 26.04M | 19.33M | 29.66M | 30.73M | 41.18M | (122.97M) | 22.13M |
| EPS | 0.40 | 0.39 | 0.41 | 0.39 | 0.41 | 0.36 | 0.27 | 0.42 | 0.43 | 0.58 | -1.81 | 0.35 |
| Free Cash Flow | (8.60M) | 12.32M | (1.41M) | 28.00M | 8.90M | 7.90M | 8.26M | 24.76M | (3.06M) | 18.86M | 168,000 | (2.66M) |
| FCF / Share | -0.12 | 0.17 | -0.02 | 0.39 | 0.12 | 0.11 | 0.12 | 0.35 | -0.04 | 0.27 | 0.00 | -0.04 |
| Operating CF | (8.60M) | 12.32M | (1.41M) | 28.00M | 8.90M | 7.90M | 8.26M | 24.76M | (3.06M) | 23.06M | 1.80M | (2.66M) |
| Total Assets | 7.38B | 7.25B | 7.15B | 7.06B | 6.93B | 6.90B | 6.81B | 6.77B | 6.67B | 6.55B | 6.44B | 6.42B |
| Total Debt | 4.60B | 4.49B | 4.42B | 4.35B | 4.25B | 4.23B | 4.21B | 4.10B | 4.06B | 3.97B | 3.95B | 4.00B |
| Cash & Equiv | 19.30M | 21.70M | 12.12M | 13.91M | 17.30M | 8.35M | 15.58M | 13.42M | 11.28M | 18.76M | 11.48M | 14.28M |
| Book Value | 2.43B | 2.41B | 2.39B | 2.37B | 2.35B | 2.34B | 2.29B | 2.31B | 2.28B | 2.23B | 2.26B | 2.20B |
| Return on Equity | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | -0.05 | 0.01 |
SAFE News
Safehold Closes Two Affordable Housing Ground Leases in California
My 4 Worst REIT Picks: Lessons Learned The Hard Way
Safehold Closes Second Affordable Housing Ground Lease in Texas
AMASS Brands Group Enters SAFE Investment in Afterdream, a Fast-Growing Hemp-Derived THC Beverage Brand
Safehold Closes $45 Million Affordable Housing Ground Lease in Santa Cruz, California
Safehold Closes $225 Million Private Placement of Structured Senior Unsecured Notes Due 2056
Safehold Declares Second Quarter 2026 Common Stock Dividend
Safehold Announces Joint Venture with Brookfield for Diversified Ground Lease Portfolio
Safehold Closes Two Affordable Housing Ground Leases in California
Star Holdings Reports First Quarter 2026 Results