Safehold Inc. logo SAFE - Safehold Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 7
HOLD 7
SELL 3
STRONG
SELL
0
| PRICE TARGET: $15.00 DETAILS
HIGH: $16.00
LOW: $14.00
MEDIAN: $15.00
CONSENSUS: $15.00
UPSIDE: 2.32%
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Revenue
Revenue 385.6 365.7 352.6 270.3 187.0 158.7 93.4 49.7 679.2 21.7 18.6 462.0 390.8 400.5 88.0 542.6 959.5 287.4 827.5 562.8 488.5 466.3 407.3 341.6 315.2 300.9 173.6 83.4 1.9 0.2 0.1 0 4.8
Cost of Revenue 21.9 4.2 4.7 3.1 2.7 2.5 2.7 1.6 523.2 0.9 0.2 400.7 423.7 506.9 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Gross Profit 363.7 361.5 347.9 267.2 184.4 156.3 90.7 48.1 156.0 20.9 18.3 61.3 (32.9) (106.5) 88.0 542.6 959.5 287.4 827.5 562.8 488.5 466.3 407.3 341.6 315.2 300.9 173.6 83.4 1.9 0.2 0.1 0 4.8
Operating Expenses
R&D Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
SG&A Expenses 0 54.9 65.4 38.6 28.8 22.7 14.4 10.7 98.9 2.9 2.3 88.8 92.1 80.9 200.8 109.5 127.0 159.1 165.2 96.4 64.0 47.9 38.2 30.4 24.2 25.7 6.3 2.5 0.5 0 0.3 0.4 1
Other Expenses 56.1 219.5 359.6 93.0 90.1 77.3 40.1 (1.0) (21.0) (5.9) (6.4) (5.8) (8.1) (17.3) (101.5) (108.9) (547.3) (392.9) (753.7) (284.4) (264.5) (253.8) (153.3) (168.9) (109.4) (109.0) (141) (26) (0.5) (0.3) (0.5) (0.7) (2.1)
Operating Expenses 56.1 274.4 425 131.6 118.9 100.1 54.6 19.8 142.1 6.0 5.4 160.7 168.9 231.9 99.3 0.6 (420.3) (233.8) (588.5) (187.9) (200.6) (205.9) (115.1) (138.5) (85.3) (83.3) (134.7) (23.5) 0 (0.3) (0.2) (0.3) (1.1)
Operating Income
Operating Income 307.6 87.1 (77.1) 135.6 65.5 56.2 36.1 11.9 6.6 14.9 5.7 (39.3) (156.0) (286.8) 218.1 50.7 (603.7) 331.0 239.0 374.8 287.9 260.4 292.2 203.1 229.9 217.6 38.9 59.9 1.9 (0.1) (0.1) (0.3) 3.7
Interest Expense 206.7 198.0 181.0 129.0 79.7 64.4 29.9 15.4 194.7 8.2 7.2 224.5 266.2 355.1 344.8 316.0 481.1 660.3 627.7 429.8 313.1 231.0 195.0 185.4 170.1 173.9 91.2 44.7 0 0.3 0 0.3 0
Interest Income 297.3 0 0 0 0 0 0 0 0 0 0 0 0 0 226.9 364.1 557.8 947.7 998.0 575.6 406.7 353.8 304.4 255.6 254.1 268.0 209.8 112.9 0.9 0.5 0.1 0.3 1.2
Profitability
EBITDA 332.8 320.4 140.4 285.6 165.1 135.9 75.5 39.0 16.6 18.0 16.1 34.2 (135.5) (282.9) (168.9) (277.1) (1,054.7) (523.1) 131.0 851.9 707.5 381.3 0 0 0 0 0 0 1.9 (0.1) (0.1) (0.3) 3.7
EBIT 324.2 308.1 128.2 273.7 153.1 123.8 63.6 27.3 8.0 14.9 12.9 7.8 (213.8) (353.7) (232.9) (347.8) (1,154.0) (627.6) 327.4 767.9 631.2 316.8 0 0 0 0 0 0 0 0 0 0 0
Income Before Tax 117.6 110.1 (52.8) 144.7 73.4 59.5 33.7 11.9 50.9 6.6 5.7 (85.9) (221.4) (304.2) (58.7) (207.5) (770.6) (300.3) 0 0 0 0 0 0 0 0 0 0 0 (0.4) 0 0 0
Income Tax Expense 2.9 3.4 1.7 0 0 0 0 0 (0.9) 0 0 3.9 (0.7) 8.4 (4.7) (287.2) 1.8 (103.5) 0 0 0 0 0 0 0 0 0 0 0 0.2 0.1 0.3 (3.7)
Net Income 114.5 105.8 (55.0) 135.4 73.1 59.3 27.7 11.7 175.7 6.6 5.3 0.9 (112.0) (239.9) (22.1) 79.7 (768.8) (196.8) 239.0 374.8 287.9 260.4 292.2 203.1 229.9 217.6 38.9 59.9 0 (0.6) (0.1) (0.3) 3.7
Per Share Data
EPS (Basic) 1.60 1.48 -0.82 2.17 1.32 1.17 28.17 0.64 9.75 0.36 0.29 -3.56 -8.23 -17.91 -1.55 2.44 -48.01 -9.38 9.50 17.63 13.31 11.69 15.75 12.38 14.00 13.19 1.56 8.66 2.23 -5.89 -0.98 -2.94 322.89
EPS (Diluted) 1.59 1.48 -0.82 2.17 1.32 1.17 23.29 0.64 9.75 0.36 0.29 -3.56 -8.23 -17.91 -1.55 2.44 -48.01 -9.38 9.44 17.44 13.19 11.44 15.19 12.06 13.69 13.13 1.56 8.41 2.23 -5.89 -0.98 -2.94 322.89
Shares Outstanding 71.7 71.4 66.7 62.9 56.1 52.0 10.4 18.2 11.4 18.2 18.2 13.6 13.6 13.4 14.2 14.9 16.0 21.0 20.3 18.4 18.0 17.6 16.1 14.4 13.8 13.7 9.7 6.9 0.3 0.1 0.1 0.1 0.1
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2009 2008 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Current Assets
Cash & Cash Equivalents 21.7 8.3 18.8 20.1 29.6 56.9 22.7 16.4 168.2 328.7 224.6 496.5 88.4 80.1 15.9 15.7 22.8 34.4 10.1 0.3 1.9 0.9 0.9 2.5
Short-Term Investments 2.0 7.2 9.7 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Net Receivables 2,403.7 2,156.5 1,914.4 1,523.6 913.6 1,976.3 455.4 23.1 4.1 11.9 54.8 87.2 87.7 77.5 63.5 47.9 20.2 17.4 13.1 0.1 3.7 0 0 0
Inventory 0 0 0 0 0 5.2 0 22.6 68.6 83.8 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Assets 0 8.8 30.1 28.3 8.9 34.3 24.1 9.8 4.5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total Current Assets 2,434.4 2,180.9 1,973.0 1,576.3 954.2 2,072.8 503.7 49.4 176.8 11.9 279.4 583.7 176.1 157.6 79.5 63.6 42.9 51.8 23.2 0.4 5.6 0.9 0.9 2.5
Non-Current Assets
Property, Plant & Equipment 0 30.4 34.9 26.3 27.4 28.6 29.7 602.1 860.3 945.6 2,885.9 3,044.8 0 24.8 28.5 0 0 0 0 0 0 0 0 0
Goodwill 0 0 0 0 0 0 0 0 0 0 0 4.2 0 0 0 0 0 0 0 0 0 0 0 0
Intangible Assets 204.0 208.7 211.1 217.8 224.2 242.2 242.8 262.5 138.7 0.1 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Long-Term Investments 4,533.3 3,705.0 3,565.5 3,287.0 2,586.1 129.6 1,112.1 426.4 321.2 214.4 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Assets 74.1 769.2 756.1 743.5 723.9 2.0 678.2 2.4 0.5 5.8 (2,885.9) (3,049.0) 0 (24.8) (28.5) 0 0 0 0 0 0 0 0 0
Total Non-Current Assets 4,814.9 4,718.5 4,575.3 4,274.6 3,561.6 1,136.2 2,062.8 930.4 551.7 143.8 2,885.9 3,049.0 0 24.8 28.5 0 0 0 0 0 0 0 0 0
Total Assets 7,249.3 6,899.4 6,548.3 5,850.9 4,515.7 3,209.0 2,566.6 979.7 728.5 155.7 12,810.6 15,296.7 7,220.2 6,660.6 5,611.7 4,378.6 4,034.8 3,813.6 2,059.6 13.4 5.7 2.2 2.4 2.7
Current Liabilities
Account Payables 0 0 0 0 0 0 0 23.1 1.3 0.8 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Short-Term Debt 0 0 0 0 0 0 0 0 0 3,549.2 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Deferred Revenue 0 0 0 0 0 0 0 (376.8) (3,578.8) (3,549.2) 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Liabilities 0 0 0 0 0 (1.3) 0 (1.3) (0.1) (3,549.2) 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total Current Liabilities 136.3 117.5 101.1 80.3 48.9 31.5 19.1 8.9 6.0 1.6 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Non-Current Liabilities
Long-Term Debt 4,485.9 4,217.4 3,954.4 3,521.4 2,697.5 1,684.7 1,372.9 544.0 308.0 3,549.2 10,894.9 12,516.0 4,415.7 4,113.7 3,461.6 2,495.4 2,132.0 1,901.2 1,055.7 0 0 0 0 0
Deferred Tax Liabilities 0 0 0 0 0 (27) 0 35.1 8.0 8.9 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 181.6 180.0 181.4 79.1 78.5 105.7 75.4 67.7 58.6 (3,558.0) 0 (12,516.0) (4,415.7) 0 0 0 0 0 0 0 0 0 0 0
Total Non-Current Liabilities 4,673.1 4,407.8 4,151.5 3,606.0 2,781.6 1,796.2 1,454.2 613.5 366.6 3,554.3 10,894.9 12,516.0 4,605.7 4,113.7 3,461.6 2,495.4 2,132.0 1,901.2 1,055.7 0 0 0 0 0
Total Liabilities 4,809.4 4,525.4 4,252.6 3,686.3 2,830.5 1,827.7 1,473.3 622.4 372.6 1.6 10,894.9 12,516.0 4,605.7 4,113.7 3,461.6 2,495.4 2,132.0 1,901.2 1,055.7 0 0 0 0 0
Stockholders' Equity
Common Stock 0.7 0.7 0.7 0.6 0.6 0.5 0.5 0.2 0.2 0.1 0.1 0.1 0.1 0.1 0.1 0.1 17.0 17.9 0 0 0 0 0 0
Retained Earnings 165.7 102.5 47.6 151.2 59.4 23.9 (2.1) (8.5) (9.2) (2,581.5) (2,051.4) (1,232.5) (349.1) (242.4) (227.8) (174.9) (154.8) (130) (2.5) (43.3) (43.4) (42.7) (42.6) (42.3)
Accumulated Other Comprehensive Income 42.6 49.0 (1.3) 3.3 (41.0) (57.5) (39.1) (6.9) 0.1 (4.2) 6.1 1.7 12.2 26.8 (0.9) 5.4 (0.0) (0.2) 0 (0.2) 0 0 0 0
Total Stockholders' Equity 2,408.3 2,344.0 2,231.3 2,141.5 1,682.3 1,379.1 1,091.8 355.4 355.9 154.1 1,605.7 2,389.4 2,455.2 2,415.2 2,025.3 1,787.8 1,787.9 1,801.3 970.7 6.4 1.6 2.2 2.3 2.5
Total Liabilities & Equity 7,249.3 6,899.4 6,548.3 5,850.9 4,515.7 3,209.0 2,566.6 979.7 728.5 155.7 12,810.6 15,296.7 7,220.2 6,660.6 5,611.7 4,378.6 4,034.8 3,813.6 2,059.6 13.4 5.7 2.2 2.4 2.7
Debt Metrics
Total Debt 4,491.5 4,227.8 3,970.1 3,526.8 2,703.1 1,690.5 1,378.8 544.0 307.1 3,549.2 10,894.9 12,516.0 4,605.7 4,113.7 3,461.6 2,495.4 2,132.0 1,901.2 1,055.7 0 0 0 0 0
Net Debt 4,469.8 4,219.5 3,951.4 3,506.8 2,673.5 1,633.5 1,356.1 527.5 138.9 3,220.5 10,670.3 12,019.5 4,517.3 4,033.6 3,445.7 2,479.7 2,109.2 1,866.8 1,045.6 (0.3) (1.9) (0.9) (0.9) (2.5)
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Operating Activities
Net Income 114.6 105.8 (54.6) 144.7 73.4 (116.6) 33.7 (18.3) 56.8 6.6 287.9 260.4 292.2 215.3 229.9 218.3 38.9 59.9 0 (0.6) (0.1) (0.3) 3.7
Depreciation & Amortization 10.9 10.4 12.2 11.9 12.0 7.3 11.9 58.7 49.9 3.1 39.1 39.2 28.5 38.4 15.0 20.3 (9.6) (10.1) 0 0 0 0 0
Stock-Based Compensation 12.5 13.8 23.2 1.5 1.8 0 1.6 0.9 18.8 10.9 0 0 0 0 0 0 0 0 0 0 0 0 0
Change in Working Capital 10.5 13.3 7.1 31.1 (11.6) (9.5) (24.0) (29.3) (7.1) (0.3) 42.2 4.4 (13.7) 37.8 21.9 (42.5) (5.1) (3.6) 1.7 0.2 0 (0.1) 0.6
Other Non-Cash Items (100.7) (105.4) 27.4 (124.4) (42.7) 180.6 (25.1) (52.8) (14.5) (4.0) 146.7 59.1 31.3 57.4 (1.9) (3.7) 98.3 8.7 1.5 0.2 (0.1) 0 (1.8)
Operating Cash Flow 47.8 37.9 15.4 64.9 26.9 61.8 (2.0) (24.1) 80.2 5.5 515.9 363.1 338.3 348.8 264.8 192.5 122.5 54.9 3.2 (0.2) (0.2) (0.4) 2.5
Investing Activities
Capital Expenditure 0 0 0 0 (1,248.0) (56.8) (1,364.7) (189.0) (158.5) (173.6) (55.9) (22.0) (8.6) (7.5) (25.4) (9.0) (25) 0 0 0 0 0 0
Acquisitions (28.9) (10.0) (149.9) (0.0) (39.5) 0.5 (128.0) 13.6 (224.2) 43.9 0 0 0 0 0 0 0 0 0 0 0 0 0
Purchases of Investments (182.5) (304.3) (316.8) (1,280.7) (2.1) (260.1) (1,364.7) (94.6) (224.2) (58.2) 0 0 0 0 0 0 0 (1,023.7) (31.3) (19.8) (0.2) (30.9) 0
Sales/Maturities of Investments 6.3 45.2 9.2 0 111.4 428.7 0.2 189.0 887.7 43.9 0 0 0 0 0 0 0 0 21.6 21 0.3 29.5 39.4
Other Investing Activities (32.1) 56.8 (119.1) 134.7 (109.9) (120.5) 1,336.3 859.8 (11.3) 136.0 (1,350.2) (443.5) (965.7) (1,141.6) (295.7) (167.6) (118.9) (247.6) 3.7 0.1 0.1 0 0
Investing Cash Flow (237.2) (212.4) (576.6) (1,146.0) (1,288.0) (8.2) (1,520.8) 778.9 269.5 (8.0) (1,406.1) (465.4) (974.4) (1,149.1) (321.1) (176.7) (143.9) (1,271.3) (6) 1.3 0.2 (1.4) 39.4
Financing Activities
Net Debt Issuance 488.3 263.6 427 825 1,018.4 (118.3) 832.2 237.9 308 0 1,263.3 382.8 0 0 0 0 0 0 0 0 0 0 0
Stock Repurchased 0 (5.1) 0 0 0 (54.6) 0 (8.3) (285.9) (99.3) 0 (165) 0 0 0 0 0 0 0 0 0 0 0
Dividends Paid (50.9) (50.6) (46.0) (42.2) (35.9) (56.2) (16.6) (10.9) (48.4) (51.3) (381.6) (358.7) (306.6) (268.1) (301.1) (239.0) (110.6) (38.6) 0 0 0 0 (38.6)
Other Financing Activities (234.4) (63) 26.6 (1.0) (22.7) (26.4) 217.6 (1.4) 5.6 2.5 20.8 (2.2) 1,006.9 1,068.6 350.3 211.5 156.3 1,264.8 3 0 0 0.1 (0.9)
Financing Cash Flow 203.0 144.9 559.5 1,091.0 1,203.1 (255.5) 1,545.1 (457.9) (20.7) 2.5 917.1 110.6 700.2 800.5 49.2 (27.5) 45.7 1,226.2 3 0 0 0.1 (39.5)
Cash Position
Net Change in Cash 13.6 (29.6) (1.6) 9.9 (58.0) (208.5) 22.4 296.8 328.9 328.7 26.9 8.3 64.2 0.3 (7.1) (11.7) 24.3 9.8 0.2 1.1 0 (1.7) 2.4
Cash at Beginning 17.1 46.7 48.4 38.5 96.5 307.2 24.4 677.7 328.7 0.0 88.4 80.1 15.9 15.7 22.8 34.4 10.1 0.3 0.1 0.9 0.9 2.5 0.1
Cash at End 30.7 17.1 46.7 48.4 38.5 98.6 46.8 974.5 657.7 328.7 115.4 88.4 80.1 15.9 15.7 22.8 34.4 10.1 0.3 2 0.9 0.8 2.5
Free Cash Flow 47.8 37.9 15.4 64.9 (1,221.1) 5.0 (1,366.6) (213.2) (78.3) (168.1) 460.0 341.2 329.6 341.3 239.5 183.5 97.5 54.9 3.2 (0.2) (0.2) (0.4) 2.5
Key Metrics 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Income Statement
Revenue 385.6 365.7 352.6 270.3 187.0 158.7 93.4 49.7 679.2 21.7 18.6 462.0 390.8 400.5 88.0 542.6 959.5 287.4 827.5 562.8 488.5 466.3 407.3 341.6 315.2 300.9 173.6 83.4 1.9 0.2 0.1 0 4.8
Gross Profit 363.7 361.5 347.9 267.2 184.4 156.3 90.7 48.1 156.0 20.9 18.3 61.3 (32.9) (106.5) 88.0 542.6 959.5 287.4 827.5 562.8 488.5 466.3 407.3 341.6 315.2 300.9 173.6 83.4 1.9 0.2 0.1 0 4.8
Operating Income 307.6 87.1 (77.1) 135.6 65.5 56.2 36.1 11.9 6.6 14.9 5.7 (39.3) (156.0) (286.8) 218.1 50.7 (603.7) 331.0 239.0 374.8 287.9 260.4 292.2 203.1 229.9 217.6 38.9 59.9 1.9 (0.1) (0.1) (0.3) 3.7
Net Income 114.5 105.8 (55.0) 135.4 73.1 59.3 27.7 11.7 175.7 6.6 5.3 0.9 (112.0) (239.9) (22.1) 79.7 (768.8) (196.8) 239.0 374.8 287.9 260.4 292.2 203.1 229.9 217.6 38.9 59.9 0 (0.6) (0.1) (0.3) 3.7
EPS (Diluted) 1.59 1.48 -0.82 2.17 1.32 1.17 23.29 0.64 9.75 0.36 0.29 -3.56 -8.23 -17.91 -1.55 2.44 -48.01 -9.38 9.44 17.44 13.19 11.44 15.19 12.06 13.69 13.13 1.56 8.41 2.23 -5.89 -0.98 -2.94 322.89
Balance Sheet
Cash & Equivalents 21.7 8.3 18.8 20.1 29.6 56.9 22.7 16.4 168.2 328.7 224.6 496.5 88.4 80.1 15.9 15.7 22.8 34.4 10.1 0.3 1.9 0.9 0.9 2.5
Total Assets 7,249.3 6,899.4 6,548.3 5,850.9 4,515.7 3,209.0 2,566.6 979.7 728.5 155.7 12,810.6 15,296.7 7,220.2 6,660.6 5,611.7 4,378.6 4,034.8 3,813.6 2,059.6 13.4 5.7 2.2 2.4 2.7
Total Debt 4,491.5 4,227.8 3,970.1 3,526.8 2,703.1 1,690.5 1,378.8 544.0 307.1 3,549.2 10,894.9 12,516.0 4,605.7 4,113.7 3,461.6 2,495.4 2,132.0 1,901.2 1,055.7 0 0 0 0 0
Stockholders' Equity 2,408.3 2,344.0 2,231.3 2,141.5 1,682.3 1,379.1 1,091.8 355.4 355.9 154.1 1,605.7 2,389.4 2,455.2 2,415.2 2,025.3 1,787.8 1,787.9 1,801.3 970.7 6.4 1.6 2.2 2.3 2.5
Cash Flow
Operating Cash Flow 47.8 37.9 15.4 64.9 26.9 61.8 (2.0) (24.1) 80.2 5.5 515.9 363.1 338.3 348.8 264.8 192.5 122.5 54.9 3.2 (0.2) (0.2) (0.4) 2.5
Capital Expenditure 0 0 0 0 (1,248.0) (56.8) (1,364.7) (189.0) (158.5) (173.6) (55.9) (22.0) (8.6) (7.5) (25.4) (9.0) (25) 0 0 0 0 0 0
Free Cash Flow 47.8 37.9 15.4 64.9 (1,221.1) 5.0 (1,366.6) (213.2) (78.3) (168.1) 460.0 341.2 329.6 341.3 239.5 183.5 97.5 54.9 3.2 (0.2) (0.2) (0.4) 2.5