(SAFE) Safehold - Overview
Exchange: NYSE •
Country: United States •
Currency: USD •
Type: Common Stock •
ISIN: US78646V1070
Stock: Ground Lease, Real Estate, REIT
Total Rating 30
Risk 88
Buy Signal -0.65
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 4.53% |
| Yield on Cost 5y | 1.85% |
| Yield CAGR 5y | 33.94% |
| Payout Consistency | 53.3% |
| Payout Ratio | 57.1% |
| Risk 5d forecast | |
|---|---|
| Volatility | 36.9% |
| Relative Tail Risk | -6.29% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.18 |
| Alpha | -23.26 |
| Character TTM | |
|---|---|
| Beta | 0.653 |
| Beta Downside | 0.431 |
| Drawdowns 3y | |
|---|---|
| Max DD | 55.71% |
| CAGR/Max DD | -0.34 |
Description: SAFE Safehold January 19, 2026
Safehold Inc. (NYSE: SAFE) pioneered the modern ground-lease market in 2017 and now monetizes the land beneath high-quality multifamily, office, industrial, hospitality, student-housing, life-science and mixed-use assets. Structured as a REIT, it aims to provide shareholders with “safe, growing income and long-term capital appreciation” by converting land ownership into a predictable, lease-back revenue stream while reducing owners’ exposure to property-level risk.
Key recent metrics: SAFE reported a 2023 adjusted funds from operations (AFFO) of $0.68 per share, a 12% year-over-year increase driven by new ground-lease acquisitions and rising lease rates. The portfolio’s weighted-average lease term is now 30 years, offering long-duration cash flow stability. Macro-driven demand for ground-lease structures is bolstered by historically low vacancy rates in multifamily (≈4.2% nationwide) and the broader REIT sector’s shift toward asset-light models that improve balance-sheet leverage.
For a deeper quantitative view, you might explore ValueRay’s detailed SAFE dashboard to assess valuation sensitivities and peer comparisons.
Piotroski VR‑10 (Strict, 0-10) 1.0
| Net Income: 112.6m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.01 > 0.02 and ΔFCF/TA -0.11 > 1.0 |
| NWC/Revenue: 592.9% < 20% (prev 534.8%; Δ 58.10% < -1%) |
| CFO/TA 0.01 > 3% & CFO 43.4m > Net Income 112.6m |
| Net Debt (4.56b) to EBITDA (331.4m): 13.77 < 3 |
| Current Ratio: 18.89 > 1.5 & < 3 |
| Outstanding Shares: last quarter (71.8m) vs 12m ago 0.42% < -2% |
| Gross Margin: error (current vs previous; cannot be calculated due to missing/invalid data or negative margin) |
| Asset Turnover: 5.44% > 50% (prev 5.53%; Δ -0.09% > 0%) |
| Interest Coverage Ratio: 1.57 > 6 (EBITDA TTM 331.4m / Interest Expense TTM 204.5m) |
Altman Z'' 2.48
| A: 0.31 (Total Current Assets 2.38b - Total Current Liabilities 125.8m) / Total Assets 7.15b |
| B: 0.02 (Retained Earnings 150.7m / Total Assets 7.15b) |
| C: 0.05 (EBIT TTM 320.7m / Avg Total Assets 6.98b) |
| D: 0.03 (Book Value of Equity 151.4m / Total Liabilities 4.73b) |
| Altman-Z'' Score: 2.48 = A |
Beneish M -2.93
| DSRI: 1.11 (Receivables 2.35b/2.09b, Revenue 379.6m/376.8m) |
| GMI: 1.00 (GM 98.82% / 98.78%) |
| AQI: 0.97 (AQ_t 0.66 / AQ_t-1 0.68) |
| SGI: 1.01 (Revenue 379.6m / 376.8m) |
| TATA: 0.01 (NI 112.6m - CFO 43.4m) / TA 7.15b) |
| Beneish M-Score: -2.93 (Cap -4..+1) = A |
What is the price of SAFE shares?
As of February 10, 2026, the stock is trading at USD 15.10 with a total of 281,046 shares traded.
Over the past week, the price has changed by +6.64%, over one month by +1.55%, over three months by +14.84% and over the past year by -10.36%.
Over the past week, the price has changed by +6.64%, over one month by +1.55%, over three months by +14.84% and over the past year by -10.36%.
Is SAFE a buy, sell or hold?
Safehold has received a consensus analysts rating of 3.73.
Therefor, it is recommend to hold SAFE.
- StrongBuy: 2
- Buy: 4
- Hold: 5
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the SAFE price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 19.6 | 30.1% |
| Analysts Target Price | 19.6 | 30.1% |
| ValueRay Target Price | 14.9 | -1.1% |
SAFE Fundamental Data Overview February 05, 2026
P/E Trailing = 8.9873
P/E Forward = 8.7642
P/S = 2.5378
P/B = 0.4236
P/EG = 0.65
Revenue TTM = 379.6m USD
EBIT TTM = 320.7m USD
EBITDA TTM = 331.4m USD
Long Term Debt = 4.41b USD (from longTermDebt, last quarter)
Short Term Debt = 1.56m USD (from shortTermDebt, last quarter)
Debt = 4.58b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 4.56b USD (from netDebt column, last quarter)
Enterprise Value = 5.57b USD (1.01b + Debt 4.58b - CCE 21.3m)
Interest Coverage Ratio = 1.57 (Ebit TTM 320.7m / Interest Expense TTM 204.5m)
EV/FCF = 128.5x (Enterprise Value 5.57b / FCF TTM 43.4m)
FCF Yield = 0.78% (FCF TTM 43.4m / Enterprise Value 5.57b)
FCF Margin = 11.43% (FCF TTM 43.4m / Revenue TTM 379.6m)
Net Margin = 29.67% (Net Income TTM 112.6m / Revenue TTM 379.6m)
Gross Margin = unknown ((Revenue TTM 379.6m - Cost of Revenue TTM 4.49m) / Revenue TTM)
Tobins Q-Ratio = 0.78 (Enterprise Value 5.57b / Total Assets 7.15b)
Interest Expense / Debt = 1.15% (Interest Expense 52.5m / Debt 4.58b)
Taxrate = 0.73% (215.0k / 29.5m)
NOPAT = 318.3m (EBIT 320.7m * (1 - 0.73%))
Current Ratio = 18.89 (Total Current Assets 2.38b / Total Current Liabilities 125.8m)
Debt / Equity = 1.92 (Debt 4.58b / totalStockholderEquity, last quarter 2.39b)
Debt / EBITDA = 13.77 (Net Debt 4.56b / EBITDA 331.4m)
Debt / FCF = 105.1 (Net Debt 4.56b / FCF TTM 43.4m)
Total Stockholder Equity = 2.36b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.61% (Net Income 112.6m / Total Assets 7.15b)
RoE = 4.76% (Net Income TTM 112.6m / Total Stockholder Equity 2.36b)
RoCE = 4.73% (EBIT 320.7m / Capital Employed (Equity 2.36b + L.T.Debt 4.41b))
RoIC = 4.77% (NOPAT 318.3m / Invested Capital 6.67b)
WACC = 2.44% (E(1.01b)/V(5.60b) * Re(8.32%) + D(4.58b)/V(5.60b) * Rd(1.15%) * (1-Tc(0.01)))
Discount Rate = 8.32% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 0.51%
[DCF Debug] Terminal Value 85.37% ; FCFF base≈45.6m ; Y1≈41.6m ; Y5≈36.6m
Fair Price DCF = N/A (negative equity: EV 1.11b - Net Debt 4.56b = -3.46b; debt exceeds intrinsic value)
EPS Correlation: -45.89 | EPS CAGR: -48.32% | SUE: -4.0 | # QB: 0
Revenue Correlation: 87.23 | Revenue CAGR: 17.81% | SUE: 0.10 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.44 | Chg30d=-0.006 | Revisions Net=+1 | Analysts=5
EPS next Year (2026-12-31): EPS=1.69 | Chg30d=+0.002 | Revisions Net=+1 | Growth EPS=+2.9% | Growth Revenue=+5.0%
P/E Forward = 8.7642
P/S = 2.5378
P/B = 0.4236
P/EG = 0.65
Revenue TTM = 379.6m USD
EBIT TTM = 320.7m USD
EBITDA TTM = 331.4m USD
Long Term Debt = 4.41b USD (from longTermDebt, last quarter)
Short Term Debt = 1.56m USD (from shortTermDebt, last quarter)
Debt = 4.58b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 4.56b USD (from netDebt column, last quarter)
Enterprise Value = 5.57b USD (1.01b + Debt 4.58b - CCE 21.3m)
Interest Coverage Ratio = 1.57 (Ebit TTM 320.7m / Interest Expense TTM 204.5m)
EV/FCF = 128.5x (Enterprise Value 5.57b / FCF TTM 43.4m)
FCF Yield = 0.78% (FCF TTM 43.4m / Enterprise Value 5.57b)
FCF Margin = 11.43% (FCF TTM 43.4m / Revenue TTM 379.6m)
Net Margin = 29.67% (Net Income TTM 112.6m / Revenue TTM 379.6m)
Gross Margin = unknown ((Revenue TTM 379.6m - Cost of Revenue TTM 4.49m) / Revenue TTM)
Tobins Q-Ratio = 0.78 (Enterprise Value 5.57b / Total Assets 7.15b)
Interest Expense / Debt = 1.15% (Interest Expense 52.5m / Debt 4.58b)
Taxrate = 0.73% (215.0k / 29.5m)
NOPAT = 318.3m (EBIT 320.7m * (1 - 0.73%))
Current Ratio = 18.89 (Total Current Assets 2.38b / Total Current Liabilities 125.8m)
Debt / Equity = 1.92 (Debt 4.58b / totalStockholderEquity, last quarter 2.39b)
Debt / EBITDA = 13.77 (Net Debt 4.56b / EBITDA 331.4m)
Debt / FCF = 105.1 (Net Debt 4.56b / FCF TTM 43.4m)
Total Stockholder Equity = 2.36b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.61% (Net Income 112.6m / Total Assets 7.15b)
RoE = 4.76% (Net Income TTM 112.6m / Total Stockholder Equity 2.36b)
RoCE = 4.73% (EBIT 320.7m / Capital Employed (Equity 2.36b + L.T.Debt 4.41b))
RoIC = 4.77% (NOPAT 318.3m / Invested Capital 6.67b)
WACC = 2.44% (E(1.01b)/V(5.60b) * Re(8.32%) + D(4.58b)/V(5.60b) * Rd(1.15%) * (1-Tc(0.01)))
Discount Rate = 8.32% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 0.51%
[DCF Debug] Terminal Value 85.37% ; FCFF base≈45.6m ; Y1≈41.6m ; Y5≈36.6m
Fair Price DCF = N/A (negative equity: EV 1.11b - Net Debt 4.56b = -3.46b; debt exceeds intrinsic value)
EPS Correlation: -45.89 | EPS CAGR: -48.32% | SUE: -4.0 | # QB: 0
Revenue Correlation: 87.23 | Revenue CAGR: 17.81% | SUE: 0.10 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.44 | Chg30d=-0.006 | Revisions Net=+1 | Analysts=5
EPS next Year (2026-12-31): EPS=1.69 | Chg30d=+0.002 | Revisions Net=+1 | Growth EPS=+2.9% | Growth Revenue=+5.0%