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Safehold(NYSE) SAFE

Market Cap$1.13BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (2017)+9%
5 Year-73%
1 Year+19%
1 Month+1%
$16.07
-0.74%
-0.12Today
After hours$15.99-$0.09 (-0.53%)
Safehold last closing stock price
MetricPriceDate
Last closeUSD 16.192026-08-05
Safehold stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week-0.98%USD 16.352026-07-29
1 month+1.44%USD 15.962026-07-06
3 month+6.22%USD 15.242026-05-07
Year to date+21.14%USD 13.372025-12-31
1 year+19.25%USD 13.582025-08-05
3 year-19.72%USD 20.172023-08-04
5 year-73.15%USD 60.292021-08-06
Since inception+9.16%USD 14.832017-06-22

Safehold Financials at a Glance

Market Cap

$1.13BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$413.43M

Net Income (TTM)

$116.17M

EPS (TTM)

$1.62

P/E Ratio

9.88

Dividend

$0.71

Beta (Volatility)

1.15 (Average)

Price

$16.07

Volume

287,659

Open

$16.34

Previous Close

$15.99

Daily Range

$15.98 - $16.34

52-Week Range

$12.76 - $17.45

Estimated Earnings Date

Nov 4, 2026

SAFE News

No articles available.

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About Safehold

Safehold helps owners get cash from land under their buildings. It uses long-term leases to separate land from the buildings. This helps property owners lower risk and find new capital.

How the Company Operates

  • Ground Leases: Long-term contracts where the company owns land and collects rent from building owners.
  • Hotel Operations: Management of hospitality properties that returned to the company after a master lease ended.
  • Leasehold Loans: Mortgage products offered to tenants to cover their construction and capital needs.

Growing the Business

  • Merged with iStar Inc. in March 2023 to become an internally managed company.
  • Established a $2 billion unsecured revolving credit facility in April 2024.
  • Launched a $750 million commercial paper program in June 2024 for short-term funding.
  • Assumed direct management of two hotel properties in January 2026.

What Makes Safehold Unique

Safehold typically targets land investments that make up 30% to 45% of a property's total value. Lease terms often include rent adjustments linked to the Consumer Price Index (CPI), which tracks changes in inflation.

Tracking Recent Performance

  • Revenue reached $97.9 million in Q4 2025, up 6.5% from Q4 2024.
  • Operating income hit $79.3 million in Q4 2025, up 250.5% year-over-year.
  • Net income was $27.9 million in Q4 2025, an increase of 7.1% from Q4 2024.
  • Market capitalization was $982.3 million in Q4 2025, down 25.5% from the prior year.

The Big Picture

Safehold has evolved into a specialized Real Estate Investment Trust (REIT) that separates land ownership from building management. This modern lease model provides a unique capital solution for property owners across major American markets.

AI Generated • May 2, 2026

Industry

Specialized REITs

Sector

Real Estate

Employees

72

CEO

Jay Sugarman, MBA

Website

www.safeholdinc.com

Headquarters

New York City, NY 10036, US

SAFE Financials

Key Financial Metrics (TTM)

Gross Margin

94.32%

Operating Margin

49.68%

Net Income Margin

28.10%

Return on Equity

4.81%

Return on Capital

4.46%

Return on Assets

1.54%

Earnings Yield

10.12%

Dividend Yield

4.43%

Payout Ratio

32.78%

Stock Overview

Market Cap

$1.13BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

70.82M

Volume

287.66K

Avg. Volume

335.35K

Financials (TTM)

Gross Profit

$389.94M

Operating Income

$205.39M

EBITDA

$338.18M

Operating Cash Flow

$36.95M

Capital Expenditure

$0.00

Free Cash Flow

$36.95M

Cash & ST Invst.

$15.92M

Total Debt

$4.65B

Safehold Performance Analysis

Safehold annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-12-31USD 158,051,000-47.4%
20232023-12-31USD 356,073,000125.3%
20242024-12-31USD 371,644,0004.4%
20252025-12-31USD 387,291,0004.2%
Safehold sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q32025-09-302.5%
Q42025-12-311.8%
Q12026-03-317.0%
Q22026-06-309.4%
Safehold annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-12-31USD -22.14N/A
20232023-12-31USD -0.82-96.3%
20242024-12-31USD 1.48N/A
20252025-12-31USD 1.597.7%
Safehold sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q32025-09-305.1%
Q42025-12-31-4.9%
Q12026-03-312.6%
Q22026-06-305.0%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q2 2026YOY CHG

Revenue

$114.65M

+22.2%

Gross Profit

$99.94M

+7.5%

Gross Margin

87.18%

N/A

Market Cap

$1.13BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

$15.73M

N/A

Employees

72

N/A

Net Income

$30.16M

+7.9%

EBITDA

$85.76M

+3.6%

Quarterly Fundamentals

Name
Q2 2026YOY CHG

Total Cash

$15.92M

-16.6%

Total Debt

$4.65B

+6.9%

Accounts Receivable

$6.06B

+165.2%

Inventory

$0.00

N/A

Long Term Debt

$4.65B

+6.9%

Short Term Debt

$0.00

-100.0%

Return on Assets

1.54%

N/A

Return on Invested Capital

2.79%

N/A

Free Cash Flow

$34.63M

+23.7%

Operating Cash Flow

$34.63M

+23.7%

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Questions About SAFE

What is the current price of Safehold?

Safehold is trading at $15.99 per share.

What is the 52-week range for Safehold?

Over the past 52 weeks, Safehold has traded between $12.76 and $17.45.

How much debt does Safehold have?

As of the most recent reporting period, Safehold reported total debt of $4.72B.

How much cash does Safehold have on hand?

Safehold reported $26.10M in cash and cash equivalents in its most recent financial results.

What is Safehold’s dividend yield?

Safehold currently has a dividend yield of 4.43%.

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