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SAFE stock logo

SAFE

Safehold Inc.

$11.55
-0.42
 (-3.51%)
Exchange:  NYSE
Market Cap:  827.096M
Shares Outstanding:  101920
Delayed data
Overview
Earnings
Financials
Valuation
Chart

About The Company

Sector:  Real EstateView sector performance
Industry:  REIT – DiversifiedView industry performance
   
CEO:  Jay S. Sugarman
Full Time Employees:  72
Address: 
One Penn Plaza
New York City
NY
10119
US
Website:  https://www.safeholdinc.com
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.

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Revenue Segmentation

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Industry Peers

TICKERCOMPANYMKT CAPP/EFWD P/EROIC
SASAFE logoSAFESafehold Inc.827.1M7.47.12.7%
ESESRT logoESRTEmpire State Realty Trust, Inc.823.0M1706.23.0%
CTCTO logoCTOCTO Realty Growth, Inc.767.0M14.422.04.2%
OGOGCP logoOGCPEmpire State Realty OP, L.P.761.7M160—17.5%
JBJBGS logoJBGSJBG SMITH Properties641.4M——0.7%
GOGOOD logoGOODGladstone Commercial Corporation612.4M23.950.65.4%

EPS

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Earnings Call

Full text

Earnings transcript

Read the complete earnings call transcript.

AI summary

Key takeaways

Short, structured highlights from the call so you can focus on what matters.

2025/05/07 — Q1 quarter 2025

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Income Statement
Balance Sheet
Cash Flow Statement
Analyst Estimates

Income Statement

Year202320242025
Revenue352,578365,685385,552
Gross Profit347,925361,461363,699
EBITDA140,407320,359335,105
Operating Income-77,07587,083307,584
Net Income-54,973105,763114,469

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(* All numbers are in thousands)

Balance Sheet

Year202320242025
Total Assets6,548,3146,899,3797,249,275
Total Liabilities4,252,6384,525,3524,809,396
Total Stockholders Equity2,231,2532,344,0182,408,311
Total Debt3,970,1164,227,8134,710,065
Cash and Cash Equivalents18,7618,34630,736

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(* All numbers are in thousands)

Cash Flow Statement

Year202320242025
Operating Cash Flow15,39137,85547,814
Capital Expenditure-7,24700
Free Cash Flow15,39137,85547,814
Net Income-54,973106,615114,630
Net Change in Cash-1,650-29,62213,618

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(* All numbers are in thousands)

Analyst Estimates

Fiscal Year2030Research AccessResearch AccessResearch AccessResearch Access
Estimated Revenue (Low)554,746.533Research AccessResearch AccessResearch AccessResearch Access
Estimated Revenue (High)596,607.073Research AccessResearch AccessResearch AccessResearch Access
Estimated Revenue (Avg)576,750Research AccessResearch AccessResearch AccessResearch Access
Estimated Ebitda (Low)417,268.134Research AccessResearch AccessResearch AccessResearch Access
Estimated Ebitda (High)432,015.161Research AccessResearch AccessResearch AccessResearch Access
Estimated Ebitda (Avg)425,020.114Research AccessResearch AccessResearch AccessResearch Access
Estimated Net Income (Low)117,347.857Research AccessResearch AccessResearch AccessResearch Access
Estimated Net Income (High)128,998.008Research AccessResearch AccessResearch AccessResearch Access
Estimated Net Income (Avg)123,471.921Research AccessResearch AccessResearch AccessResearch Access
Estimated SGA Expense (Low)70,163.057Research AccessResearch AccessResearch AccessResearch Access
Estimated SGA Expense (High)75,457.481Research AccessResearch AccessResearch AccessResearch Access
Estimated SGA Expense (Avg)72,946.004Research AccessResearch AccessResearch AccessResearch Access
Estimated EPS (Avg)1.720Research AccessResearch AccessResearch AccessResearch Access
Estimated EPS (High)1.800Research AccessResearch AccessResearch AccessResearch Access
Estimated EPS (Low)1.630Research AccessResearch AccessResearch AccessResearch Access
Number of Analysts (Estimated Revenue)2Research AccessResearch AccessResearch AccessResearch Access
Number of Analysts (Estimated EPS)1Research AccessResearch AccessResearch AccessResearch Access

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(* All numbers are in thousands)

Current Key Metrics

?Revenue
 (TTM)
: 
371.644M  ?P/S
 (TTM)
: 
2.08
?Net Income
 (TTM)
: 
105.763M  ?P/E
 (TTM)
: 
7.41
?Enterprise Value
 (TTM)
: 
5.497B  ?EV/FCF
 (TTM)
: 
148.78
?Dividend Yield
 (TTM)
: 
5.9%  ?Payout Ratio
 (TTM)
: 
32.78%
?ROE
 (TTM)
: 
4.81%  ?ROIC
 (TTM)
: 
2.72%
?Net Debt
 (TTM)
: 
4.374B  ?Debt/Equity
 (TTM)
: 
1.91
?P/B
 (TTM)
: 
0.35  ?Current Ratio
 (TTM)
: 
36.51

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Forward P/E Ratios

?

Forward P/E (Avg EPS estimate) — log in with Research Access for high/low estimates and the interactive table.

Forward P/E 1YResearch AccessResearch AccessResearch AccessResearch Access
7.13Research AccessResearch AccessResearch AccessResearch Access

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SWOT Analysis

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At what price to buy it? -
Intrinsic Value Calculator

Based on current fundamentals and analyst forecasts, MarketSnap estimates SAFE intrinsic value between $18.59 – $25.01 per share. This depends on revenue growth, margins, and discount rate.

This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.


Calculate SAFE Intrinsic Value

Common questions about SAFE valuation

Is Safehold Inc. (SAFE) overvalued or undervalued right now?

MarketSnap estimates intrinsic value for Safehold Inc. (SAFE) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.

Is SAFE a buy, hold, or sell for long-term investors?

MarketSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether SAFE trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.

What is SAFE’s P/E ratio?

You can see SAFE’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.

How is intrinsic value calculated for SAFE?

MarketSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MarketSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.

Is SAFE a good long-term investment?

Whether SAFE fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MarketSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.

Research tools for Safehold Inc.

  • Safehold Inc. intrinsic value calculatorEstimate what the business is worth
  • Safehold Inc. 5-year outlookWhat has to go right, and what could go wrong
SAFE

1-day price chart preview. Log in for 1W through 5Y ranges and period tabs.

Daily snapshot

-3.51
MarketSnap

Trading Metrics:

Open: 11.81   Previous Close: 11.97
Day Low: 11.48   Day High: 11.84
Year Low: 11.49   Year High: 17.45
Price Avg 50: 14.09   Price Avg 200: 14.9
Volume: 884941   Average Volume: 403725

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See in Nexus

Relevant news

Is Safehold Inc (SAFE) a Bargain After 4.0% Drop? GF Value Says Undervalued
23-09-2026 19:50
Is Safehold Inc (SAFE) a Bargain After 4.0% Drop? GF Value Says Undervalued
Safehold Q2 Earnings Call Highlights
31-07-2026 21:04
Safehold Q2 Earnings Call Highlights
Safehold Sets Second Quarter 2026 Earnings Release Date and Webcast
17-07-2026 16:05
Safehold Sets Second Quarter 2026 Earnings Release Date and Webcast
Safehold Closes $225 Million Private Placement of Structured Senior Unsecured Notes Due 2056
15-06-2026 16:05
Safehold Closes $225 Million Private Placement of Structured Senior Unsecured Notes Due 2056
Safehold Announces Joint Venture with Brookfield for Diversified Ground Lease Portfolio
11-06-2026 16:05
Safehold Announces Joint Venture with Brookfield for Diversified Ground Lease Portfolio

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