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Safehold Inc.
Safehold Inc. (SAFE) is listed on NYSE and classified in REIT - Diversified, part of the Real Estate sector. It is headquartered in New York, United States and has 72 employees. The company is worth $802.35M and trades at 6.6x its earnings of the last twelve months; the median for its sector is 22.1x. Revenue was $385.55M in fiscal 2025, up 5.4% from the year before. Net income was $114.47M. The share price is 35.1% below its 52-week high of $17.45. It pays a dividend yielding 6.27%. 3 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Cliff Asness (AQR Capital Management), at $8.23M. In that quarter, 2 of them opened or added to the position. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▼ -90.4% over 5Y.
today you would have $113.08▼ -88.7%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 17 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year-end price | $13.69 | $18.48 | $23.40 | $47.69 | $125.73 | $72.28 | $70.63 | $44.64 | $55.00 | $60.21 | $57.10 | $66.44 | $69.46 | $39.67 | $25.75 | $38.06 | $12.46 | |
| P/E |
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings growing 4.8% a year plus a 6.3% dividend yield. Growth capped at 25%.
Median P/E of 22.1 among peers in the sector.
Median P/E of 16.3 across this company’s own years on record.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Companies of similar size in Real Estate, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| SVCService Properties Trust | $6.22 | — | 1.0x | 3.22% | -56.28% | $805.55M |
| ARIApollo Commercial Real Estate Finance, Inc. | $6.30 | 8.0x | 0.6x | 67.46% | 8.51% | $809.83M |
| CTOCTO Realty Growth, Inc. | $20.25 | 14.8x | 1.1x | 7.51% | 8.50% | $759.08M |
| INNSummit Hotel Properties, Inc. |
| 16.3x |
| 8.6x |
| 12.5x |
| — |
| 22.0x |
| 95.3x |
| — |
| 3.2x |
| — |
| 7.2x |
| 20.6x |
| — |
| — |
| — |
| — |
| — |
| 20.1x |
| — |
| P/S | 2.5x | 2.5x | 3.6x | 4.7x | 2.5x | 9.5x | 3.4x | 4.1x | 0.8x | 1.1x | 2.0x | 1.8x | 2.5x | 3.1x | 1.7x | 1.0x | 1.2x | 0.3x |
| P/B | 0.7x | 0.4x | 0.6x | 0.7x | 0.3x | 2.1x | 1.3x | 1.1x | 0.7x | 0.9x | 0.9x | 0.8x | 1.0x | 1.0x | 0.6x | 0.3x | 0.4x | 0.2x |
| EPS | $1.59 | $1.48 | -$0.82 | $2.17 | $1.32 | -$5.44 | $21.95 | -$4.62 | $7.59 | $2.92 | -$3.02 | -$1.95 | -$8.91 | -$15.87 | -$3.41 | $1.90 | -$38.36 |
| Dividend yield | 3.77% | 5.17% | 3.83% | 7.00% | 4.91% | 2.41% | 3.72% | 3.45% | 2.52% | — | — | — | — | — | — | — | — | — |
| Payout | 47.84% | 44.53% | 47.84% | — | 108.01% | 229.64% | — | 11.10% | — | — | — | — | — | — | — | — | — | — |
| Profit margin | 3.56% | 29.69% | 28.92% | -15.59% | 50.10% | 39.10% | -13.10% | 118.39% | -4.04% | 25.87% | 20.94% | -0.49% | 3.56% | -28.65% | -60.35% | -4.77% | 13.25% | -101.29% |
| ROE | 1.38% | 4.75% | 4.51% | -2.46% | 6.32% | 8.59% | -4.87% | 31.15% | -3.74% | 19.97% | 9.38% | -0.23% | 1.38% | -9.00% | -19.37% | -1.44% | 4.83% | -46.42% |
Median of the years shown; P/E years above 200x are left out.
Dividend growing 0.0% a year against a 12.9% required return, from the stock’s beta.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
5 methods answered, across 2 families.
Room for errors in the reported numbers.
+57.6% from the average.
Models, not forecasts, and not investment advice. How each formula works →
| $7.03 |
| — |
| 0.9x |
| 4.55% |
| -0.82% |
| $758.21M |
| SKYHSky Harbour Group Corp | $9.10 | — | 2.5x | 0.00% | -6.80% | $742.83M |
| PSTLPostal Realty Trust, Inc. | $21.87 | 39.8x | 2.0x | 4.48% | 5.93% | $870.44M |