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SAFE

Safehold Inc.

SAFE

NYSE·Real Estate·REIT - Diversified·Mkt cap $1.1B

$16.39

▲ +4.73%

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Our plain-language verdict, the thesis, risk factors, and what is changing about the business.

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52-Week Range

$12.76 - $17.16

P/E

10.31

Fwd P/E

9.64

Beta

1.83

Div Yield

4.52%

Avg Vol

384.7K

Shares Out

71.8M

Mkt Cap

$1.1B

Price action

Price chart

Down 1.0% over the trailing year

1W
1M
3M
6M
YTD
1Y
5Y
MAX

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

▲

Bull Case

4 reasons

  • Proprietary ground lease structuring expertise and iStar relationship
  • Access to institutional-quality real estate assets in prime markets
  • Long-duration, inflation-protected cash flows with built-in rent escalations
  • REIT tax structure enabling tax-efficient capital returns to shareholders
▼

Bear Case

1 risk

  • Above-average volatility (beta 1.8).

Growth

Stable outlook

Increasing adoption of ground leases as alternative to traditional financing

Value

Deep value opportunity - significant discount to Industrial REITs peers

Momentum

Strong

+15.8% over 3m

Quality

Excellent

Excellent business quality

Dividend

Solid

4.52% yield

Earnings track record

Recent earnings results

AI-summarized recap of last quarter, plus the surprise on every print.

Next: May 4, 2026

“
Q2 26 RECAP

APR 30, 2026

Reported EPS of $0.40 vs $0.43 consensus (-7.0% surprise). Revenue of $110.9M vs $96.5M expected (+14.9%).

EPS miss
Rev beat +14.9%

EPS surprise · last 4Q

0 of 1 beats

Q2 26

-7.0%

Next: May 4, 2026

Revenue trend · last 8Q

—

—

-11%

+5%

+4%

+6%

+7%

+7%

Q2 24

Q3 24

Q4 24

Q1 25

Q2 25

Q3 25

Q4 25

Q1 26

$89.9M

$90.7M

$91.9M

$97.7M

$93.8M

$96.2M

$97.9M

$104.7M

Margins · last 8Q

Gross

—

Operating

—

Profit

27.6%

View full earnings history →

Wall Street consensus

4 analysts · 25% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

1

25%

Hold

3

75%

Sell

0%

Median Price Target

$16.00

▼ -2.4% vs $16.39

Low $16.00
Median $16.00
High $16.00

Latest: Goldman Sachs · May 15, 2026

1 analyst covering

View full analyst page →

vs Industry

How SAFE stacks vs REIT - Diversified

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.