Safehold Inc. (SAFE) AI Stock Analysis

Safehold Inc. is a real estate investment trust focused on unlocking the underlying land value beneath buildings by providing modern ground lease capital solutions. Managed by its largest shareholder, iStar Inc.c, Safehold allows property owners to retain ownership and control of their buildings while accessing capital from the land beneath them. Headquartered in New York City, the company operates across diverse asset classes in major U.S. markets, including multifamily residences, commercial offices, industrial facilities, hotels, and mixed-use developments, aiming to deliver secure income and long-term capital appreciation.

Safehold expanded annual revenue from $187.0M in FY2021 to $385.6M in FY2025, registering a 5-year revenue CAGR of 19.4%. Revenue increased 44.5% in FY2022, 30.4% in FY2023, 3.7% in FY2024, and 5.4% in FY2025. Net income shifted from $73.1M in FY2021 and $135.4M in FY2022 to net income of -$55.0M in FY2023, before recovering to $105.8M in FY2024 and $114.5M in FY2025. In the latest quarter ended June 30, 2026, quarterly revenue grew 20.0% year-over-year, while quarterly earnings grew 7.8% year-over-year. TTM revenue reached $436.4M with an operating margin of 73.7% and a profit margin of 26.6%.

As of June 30, 2026, Safehold held $15.9M in cash and short-term investments alongside $4.65B in total debt, resulting in net debt of $4.64B. Shareholders' equity stood at $2.44B, with total assets of $7.52B, yielding a debt-to-equity ratio of 1.91 and a current ratio of 36.51. In FY2025, operating cash flow and free cash flow both totaled $47.8M. For capital allocation, Safehold distributed $50.9M in dividends during FY2025, while its share count expanded 32.1% over five years.

Safehold trades at a trailing P/E of 7.0x and a forward P/E of 8.1x, below the median of its US-listed Real Estate peers at 21.6x and 23.5x, respectively. Its price-to-sales multiple is 1.8x, compared to 3.7x for peer medians, while its EV/EBITDA is 15.9x versus the peer median of 14.7x. The company has an enterprise value of $5.46B against an $803.1M market capitalization. Over the past year, SAFE shares fell 22.7%, while the S&P 500 (SPY) returned 16.8%. Over five years, the stock dropped 80.2% versus an 83.0% gain for SPY.

Safehold pays a forward annual dividend of $0.71 per share, representing a dividend yield of 6.24% with a payout ratio of 42.9%. Dividends are distributed on a quarterly frequency, with the last ex-dividend date on September 30, 2026. Safehold has paid dividends for 10 consecutive years, although its 5-year annualized dividend growth declined 18.9%.

Wall Street coverage consists of 2 Strong Buy, 1 Buy, 6 Hold, 1 Sell, and 1 Strong Sell ratings. The mean price target is $16.44, representing a 45.0% premium over the last close of $11.34 on October 16, 2026. For the current fiscal year ending December 31, 2026, analysts estimate EPS of $1.62 on revenue of $453.4M. Safehold beat EPS estimates in 3 of the last 4 quarters, and its next earnings date is November 4, 2026.

This page is an AI-written research summary of Safehold Inc. (SAFE). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: SAFE income statement, SAFE balance sheet, SAFE key metrics, SAFE analyst forecast, SAFE chart. See the SAFE stock overview for the latest quote and news.