GoAI
Get started
Safehold Inc. logo

Safehold Inc.

SAFE

NYSEReal EstateREIT - Diversified

Open in GoAI

Regular session

$15.645

+$0.275 · +1.79%

Aug 24, 10:10 AM ET

SAFE company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Buy

Favorable setup — positive multi-factor alignment

Valuation

88

Deep Value

Momentum

52

Neutral

Sentiment

54

Mixed

Risk resilience

58

Elevated Risk

Full GoAI research

Thesis, catalysts, evidence, and risk analysis.

View full GoAI research

AI-generated, informational only, and not investment advice.

Company profile

Company website

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.

Industry
REIT - Diversified
Sector
Real Estate
Headquarters
US
CEO
Jay S. Sugarman
Listed since
Nov 16, 1989
Employees
72

Market position

Day range

Current $15.645

52-week range

Current $15.645

Open
$15.38
Previous close
$15.37
Volume
24.75K
0.07× average
Average volume
343.26K
Average daily volume
Market cap
1.12B USD
Beta
1.8
Market reference 1
50-day average
$15.9618
-1.98% below average
200-day average
$14.904
+4.97% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

P/E (TTM)
9.66×
P/B (TTM)
0.46×
P/S (TTM)
2.71×
Dividend yield
4.53%

Profitability & efficiency

Gross margin
94.32%
Operating margin
49.68%
Net margin
28.10%

Financial health

Debt / equity
1.91×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends111%63%14%-34%Gross margin, FY2021: 98.58%Gross margin, FY2022: 98.85%Gross margin, FY2023: 98.68%Gross margin, FY2024: 98.84%Gross margin, FY2025: 94.33%Operating margin, FY2021: 35.00%Operating margin, FY2022: 50.17%Operating margin, FY2023: -21.86%Operating margin, FY2024: 23.81%Operating margin, FY2025: 79.78%Net margin, FY2021: 39.10%Net margin, FY2022: 50.10%Net margin, FY2023: -15.59%Net margin, FY2024: 28.92%Net margin, FY2025: 29.69%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 98.58%. Gross margin FY2022 98.85%. Gross margin FY2023 98.68%. Gross margin FY2024 98.84%. Gross margin FY2025 94.33%. Operating margin FY2021 35.00%. Operating margin FY2022 50.17%. Operating margin FY2023 -21.86%. Operating margin FY2024 23.81%. Operating margin FY2025 79.78%. Net margin FY2021 39.10%. Net margin FY2022 50.10%. Net margin FY2023 -15.59%. Net margin FY2024 28.92%. Net margin FY2025 29.69%.

Income trends

Revenue

385.55M USD+5.43%

Operating income

307.58M USD+253.21%

Net income

114.47M USD+8.23%
Income trends across reported periods431.81M USD246.76M USD61.71M USD−123.34M USDRevenue, FY2021: 187.01M USDRevenue, FY2022: 270.31M USDRevenue, FY2023: 352.58M USDRevenue, FY2024: 365.69M USDRevenue, FY2025: 385.55M USDOperating income, FY2021: 65.46M USDOperating income, FY2022: 135.63M USDOperating income, FY2023: −77.08M USDOperating income, FY2024: 87.08M USDOperating income, FY2025: 307.58M USDNet income, FY2021: 73.12M USDNet income, FY2022: 135.42M USDNet income, FY2023: −54.97M USDNet income, FY2024: 105.76M USDNet income, FY2025: 114.47M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 187.01M USD. Revenue FY2022 270.31M USD. Revenue FY2023 352.58M USD. Revenue FY2024 365.69M USD. Revenue FY2025 385.55M USD. Operating income FY2021 65.46M USD. Operating income FY2022 135.63M USD. Operating income FY2023 −77.08M USD. Operating income FY2024 87.08M USD. Operating income FY2025 307.58M USD. Net income FY2021 73.12M USD. Net income FY2022 135.42M USD. Net income FY2023 −54.97M USD. Net income FY2024 105.76M USD. Net income FY2025 114.47M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue385.55M USD365.69M USD352.58M USD270.31M USD187.01M USD
Cost of goods sold21.85M USD4.22M USD4.65M USD3.11M USD2.66M USD
Gross profit363.7M USD361.46M USD347.93M USD267.2M USD184.35M USD
Selling, general, and administrative—54.92M USD65.44M USD38.61M USD28.75M USD
Operating expenses56.12M USD274.38M USD425M USD131.57M USD118.89M USD
Interest income297.3M USD————
Interest expense206.69M USD198.04M USD181.01M USD128.97M USD79.71M USD
Depreciation and amortization8.55M USD12.26M USD12.24M USD11.92M USD11.99M USD
Operating income307.58M USD87.08M USD−77.08M USD135.63M USD65.46M USD
Net income114.47M USD105.76M USD−54.97M USD135.42M USD73.12M USD

Company facts updated Aug 24, 2026.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$16.00

2.27% upside
Past 12 months12-month forecastHigh $16.00Average $16.00Low $16.00

Rating distribution

17 ratings
Strong buy00%
Buy741%
Hold741%
Sell318%
Strong sell00%

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$0.708

2025 complete year-65.4% since 2021

2026 partial: $0.354

* Partial calendar year in the available dividend history.

Corporate action history

Dividend

Ex-dividend Jun 30, 2026

$0.177

Quarterly

Record Jun 30, 2026 · Payment Jul 15, 2026

Dividend

Ex-dividend Mar 31, 2026

$0.177

Quarterly

Record Mar 31, 2026 · Payment Apr 15, 2026

Dividend

Ex-dividend Dec 30, 2025

$0.177

Quarterly

Record Dec 30, 2025 · Payment Jan 15, 2026

Dividend

Ex-dividend Sep 30, 2025

$0.177

Quarterly

Record Sep 30, 2025 · Payment Oct 15, 2025

Dividend

Ex-dividend Jun 30, 2025

$0.177

Quarterly

Record Jun 30, 2025 · Payment Jul 15, 2025

Dividend

Ex-dividend Mar 31, 2025

$0.177

Quarterly

Record Mar 31, 2025 · Payment Apr 15, 2025

SAFE peers

Welltower Inc. logo

WELL

Welltower Inc.

$239.3

+0.80%

Prologis, Inc. logo

PLD

Prologis, Inc.

$141.8

+0.79%

American Tower Corporation logo

AMT

American Tower Corporation

$175.8

+0.05%

Simon Property Group, Inc. logo

SPG

Simon Property Group, Inc.

$218.29

-0.73%

Digital Realty Trust, Inc. logo

DLR

Digital Realty Trust, Inc.

$190.62

-1.89%

Public Storage logo

PSA

Public Storage

$322.49

-0.08%

ETFs holding SAFE

Funds reporting this stock among their holdings, ordered by reported position size.

Gabelli Financial Services Opportunities ETF logoGabelli Financial Services Opportunities ETFGABF
Market value
77.13M
Weight
1.54%
AUM
50.2M USD
Expense ratio
0.90%
Price / 1D
$46.48+0.43%
iShares Core S&P Small-Cap ETF logoiShares Core S&P Small-Cap ETFIJR
Market value
41.81M
Weight
0.04%
AUM
111.19B USD
Expense ratio
0.06%
Price / 1D
$147.06-0.17%
Vanguard Real Estate ETF logoVanguard Real Estate ETFVNQ
Market value
28.73M
Weight
0.04%
AUM
73.1B USD
Expense ratio
0.13%
Price / 1D
$99.18+0.69%
Vanguard Morningstar Total Stock Market ETF logoVanguard Morningstar Total Stock Market ETFVTI
Market value
27.79M
Weight
0.00%
AUM
2.3T USD
Expense ratio
0.03%
Price / 1D
$376.84-0.37%
iShares Russell 2000 ETF logoiShares Russell 2000 ETFIWM
Market value
22.52M
Weight
0.03%
AUM
81.62B USD
Expense ratio
0.19%
Price / 1D
$298.44-0.51%
Vanguard Morningstar Small-Cap ETF logoVanguard Morningstar Small-Cap ETFVB
Market value
19.97M
Weight
0.01%
AUM
183.4B USD
Expense ratio
0.03%
Price / 1D
$303.33-0.47%
Vanguard Morningstar Small-Cap Value ETF logoVanguard Morningstar Small-Cap Value ETFVBR
Market value
12.7M
Weight
0.02%
AUM
68.3B USD
Expense ratio
0.05%
Price / 1D
$249.35+0.07%
Vanguard Extended Market ETF logoVanguard Extended Market ETFVXF
Market value
8.55M
Weight
0.01%
AUM
93.7B USD
Expense ratio
0.05%
Price / 1D
$243.71-0.74%

Continue in GoAI

Research SAFE

research.disclaimer