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Safehold

SAFE

Safehold Inc. is a publicly-traded REIT that specializes in the acquisition, management, and capitalization of ground leases.

Market cap
$1.19B+18.1%
Revenue$398.7M+7.7%
Net income$114.0M+9.2%
EPS (diluted)$1.58+8.2%
Trailing twelve months · change vs. prior year

Earnings

Next report

Jul 30, 2026 (Tomorrow)
Revenue estimate$110.8M
EPS estimate$0.41

Financials

Q1 2026

Income statement

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Revenue$110.9M+13.5%
Gross profit$109.5M+13.5%
Operating income$25.5M+1.0%
Net income$28.9M-1.7%
EPS (diluted)$0.40-2.4%

Balance sheet

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Cash & equivalents$19.3M+11.6%
Total debt$4.7B+8.1%
Total equity$2.4B+3.3%
Total assets$7.4B+6.5%

Cash flow

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Operating cash flow-$8.6M-197%

Valuation & ratios

Valuation

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Market cap$1.19B+18.1%
Enterprise value$5.88B+7.4%
P/E10.5×+0.4×
P/S+0.2×

Profitability

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Gross margin98.8%-0.1pp
Operating margin25.4%+1.6pp
Net margin28.6%+0.4pp

Returns & leverage

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Return on equity4.8%+0.3pp
Debt / equity1.9×+0.1×

Segments

By segment

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Ground Leases$101.0M
Hotel Operations$9.9M

Competitors

Profile

Safehold Inc. is a publicly-traded REIT that specializes in the acquisition, management, and capitalization of ground leases. The company provides long-term capital to real estate owners and developers by decoupling land ownership from building operations, creating a high-grade, fixed-income-like investment profile with contractual rent growth and residual rights to property improvements.

Competitive position

Safehold is the industry leader in the modern ground lease market, having pioneered a standardized product to expand the use of ground leases across major U.S. metropolitan areas.

GeographiesUnited States
Customer segmentsInstitutional investors, Real estate developers, Commercial property owners
Business modelTriple-net lease, Asset management, Long-term land leasing
SuppliersCapital markets for debt and equity financing, Independent valuation firms, Real estate brokers and originators
CustomersCommercial real estate developers, Hotel operators, Office building owners, Multifamily residential developers
Listed2017
CEOJay S. Sugarman
FilingsSEC EDGAR

Questions, answered.

What is Safehold's market cap?
Safehold (SAFE) has a market capitalization of $1.2B and trades on NYSE.
What is Safehold's revenue and profitability?
Safehold generated $398.7M in trailing twelve-month revenue with net income of $114.0M, representing a net margin of 28.6%. Gross margin stands at 98.8%. These figures are based on the Q1 2026 filing.
Who are Safehold's competitors?
Safehold's key competitors include Star Holdings, Prologis, Inc., W. P. Carey Inc., and others. These companies compete in similar markets and product categories.
Who does Safehold partner with?
Safehold's notable partners include MSD Partners, L.P..
What subsidiaries does Safehold have?
Safehold's subsidiaries include Safehold GL Holdings LLC, Safehold Management Services Inc..
Where is Safehold headquartered?
Safehold is headquartered in United States of America. It has been publicly traded since 2017.