SAFE - Safehold Inc Stock Price, Fair Value and News

18.51USD-0.57 (-2.99%)Market Closed

Market Summary

USD18.51-0.57

Market Closed

-2.99%

SAFE Stock Price

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SAFE RSI Chart

SAFE Valuation

Market Cap

206.0M

Price/Earnings (Trailing)

1.52

Price/Sales (Trailing)

0.76

Price/Free Cashflow

3.18

SAFE Price/Sales (Trailing)

SAFE Profitability

Free Cashflow Yield

31.49%

SAFE Fundamentals

SAFE Revenue

SAFE Earnings

Breaking Down SAFE Revenue

Last 7 days

-7.4%

Last 30 days

-5.9%

Last 90 days

-14.0%

Trailing 12 Months

-30.4%

How does SAFE drawdown profile look like?

SAFE Financial Health

SAFE Investor Care

Dividend Yield

21.29%

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2022	203.9M	224.5M	249.0M	270.3M
2021	158.8M	165.6M	174.9M	187.0M
2020	111.7M	129.4M	145.1M	155.4M
2019	59.9M	68.0M	78.6M	93.4M
2018	0	0	0	49.7M

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Tracking the Latest Insider Buys and Sells of Safehold Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Aug 08, 2023	sugarman jay	bought	1,399,990	21.4	65,420	chairman and ceo
Jun 20, 2023	ridings barry w	acquired	-	-	5,342	-
Jun 20, 2023	nydick jay s	acquired	-	-	5,342	-
Jun 20, 2023	selig stefan m	acquired	-	-	8,310	-
Jun 20, 2023	josephs robin	acquired	-	-	5,342	-
May 26, 2023	sugarman jay	bought	245,849	24.5849	10,000	chairman and ceo
May 11, 2023	ridings barry w	bought	174,766	28.12	6,215	-
May 05, 2023	sugarman jay	bought	28,210	28.21	1,000	chairman and ceo
May 04, 2023	sugarman jay	bought	32,234	26.8624	1,200	chairman and ceo
May 03, 2023	sugarman jay	bought	29,683	26.9852	1,100	chairman and ceo

Which funds bought or sold SAFE recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 11, 2024	Roble, Belko & Company, Inc	new	-	45,000	45,000	0.01%
Apr 11, 2024	Douglas Lane & Associates, LLC	sold off	-100	-217,769	-	-%
Apr 10, 2024	Perpetual Ltd	added	15.64	26,917	1,521,480	0.01%
Apr 09, 2024	MASSMUTUAL TRUST CO FSB/ADV	unchanged	-	-1,330	9,785	-%
Apr 09, 2024	MATHER GROUP, LLC.	new	-	304	304	-%
Apr 05, 2024	GAMMA Investing LLC	added	49.3	15,515	43,796	0.01%
Apr 05, 2024	NBC SECURITIES, INC.	reduced	-50.00	-8,000	6,000	-%
Apr 05, 2024	CWM, LLC	unchanged	-	-6,000	45,000	-%
Apr 03, 2024	Versant Capital Management, Inc	unchanged	-	-3,926	28,881	0.01%
Mar 22, 2024	PNC FINANCIAL SERVICES GROUP, INC.	added	65.55	94,711	175,220	-%

Are Funds Buying or Selling SAFE?

Are funds buying SAFE calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own SAFE

No. of Funds

Unveiling Safehold Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	vanguard group inc	10.86%	7,720,358	SC 13G/A
Apr 06, 2023	msd capital l p	0.3%	200,400	SC 13G
Apr 04, 2023	gic private ltd	0.0%	0	SC 13D/A
Apr 04, 2023	istar inc.	-	0	SC 13D/A
Feb 09, 2023	vanguard group inc	6.46%	4,019,456	SC 13G
Jan 30, 2023	blackrock inc.	7.8%	4,837,881	SC 13G
Dec 08, 2022	istar inc.	54.3%	33,856,587	SC 13D/A
Nov 23, 2022	istar inc.	65.1%	40,489,060	SC 13D/A
Aug 15, 2022	istar inc.	64.77%	40,279,077	SC 13D/A
Aug 02, 2022	istar inc.	64.77%	12	SC 13D/A

Recent SEC filings of Safehold Inc

View All Filings

Date Filed	Form Type	Document
Feb 13, 2024	SC 13G/A	Major Ownership Report

Peers (Alternatives to Safehold Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
AMT	83.1B	11.1B	-9.66%	-13.83%	60.81	7.46	4.04%	-19.43%
CCI	41.5B	7.0B	-9.60%	-26.03%	27.65	5.95	-0.07%	-10.36%
AVB	25.7B	2.8B	-1.70%	6.38%	27.64	9.27	6.73%	-18.30%
ARE	20.5B	2.9B	-3.74%	0.55%	197.59	7.1	11.46%	-80.13%
AMH	12.7B	1.6B	-3.36%	8.14%	29.37	7.9	7.80%	39.39%
REG	10.7B	1.3B	-1.98%	-2.93%	29.32	8.08	8.04%	-24.50%
BXP	9.2B	3.3B	-6.31%	15.09%	48.4	2.81	5.31%	-77.32%
MID-CAP
FRT	8.1B	1.1B	-1.05%	1.77%	34.35	7.19	5.38%	-38.52%
MAC	3.4B	884.1M	-1.05%	66.77%	-12.56	3.89	2.90%	-314.82%
SLG	3.2B	899.4M	-1.62%	125.91%	-5.7	3.58	-0.45%	-623.11%
SMALL-CAP
AAT	1.3B	441.2M	-2.88%	17.82%	19.35	2.84	4.38%	15.77%
AIV	1.2B	198.2M	7.12%	4.87%	-7.34	5.82	-43.33%	-270.70%
MFA	1.1B	605.6M	-7.57%	5.74%	13.37	1.77	25.53%	134.62%
NYMT	627.7M	258.7M	-4.58%	-31.06%	-12.9	2.43	0.11%	83.70%
IVR	399.8M	277.9M	-10.13%	-19.51%	-25.21	1.44	44.33%	96.06%

Safehold Inc News

Latest updates

Safehold Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																				(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4	2018Q3	2018Q2	2018Q1
Revenue	2.3%	73.00	72.00	65.00	60.00	52.00	47.00	44.00	44.00	40.00	38.00	37.00	40.00	30.00	22.00	20.00	22.00	15.00	12.00	12.00	12.00
Costs and Expenses	-0.7%	54.00	54.00	44.00	38.00	33.00	31.00	30.00	27.00	25.00	25.00	26.00	24.00	19.00	14.00	14.00	11.00	10.00	10.00	10.00	8.00
S&GA Expenses	-1.5%	9.00	10.00	10.00	9.00	7.00	7.00	8.00	7.00	6.00	5.00	6.00	5.00	4.00	3.00	4.00	3.00	3.00	3.00	3.00	2.00
Interest Expenses	6.9%	38.00	35.00	30.00	25.00	22.00	21.00	19.00	17.00	17.00	16.00	16.00	15.00	12.00	8.00	6.00	5.00	5.00	4.00	3.00	3.00
Net Income	-67.0%	22.00	66.00	23.00	25.00	21.00	20.00	15.00	17.00	15.00	14.00	13.00	17.00	11.00	5.00	5.00	7.00	4.00	2.00	2.00	4.00
Net Income Margin	-7.5%	0.50*	0.54*	0.40*	0.40*	0.39*	0.38*	0.37*	0.37*	0.38*	0.38*	0.36*	-	-	-	-	-	-	-	-	-
Free Cashflow	131.8%	13.00	5.00	22.00	25.00	14.00	12.00	6.00	-4.86	10.00	7.00	11.00	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4	2018Q3	2018Q2	2018Q1	2017Q4
Assets	1.0%	5,851	5,792	5,543	5,187	4,516	3,825	4,800	4,800	3,209	4,900	4,900	5,200	2,567	5,600	4,800	4,700	980	5,100	5,400	4,500	729
Cash Equivalents	-43.6%	20.00	36.00	25.00	31.00	30.00	44.00	34.00	25.00	57.00	108	139	300	47.00	37.00	93.00	9.00	24.00	19.00	36.00	83.00	170
Liabilities	1.1%	3,686	3,646	3,486	3,156	2,831	2,156	2,020	1,844	1,828	1,602	1,591	1,668	1,473	792	640	525	622	438	372	-	373
Long Term Debt	1.8%	3,521	3,459	3,273	2,913	2,698	2,028	1,898	1,725	1,685	1,470	1,460	1,542	1,373	692	545	437	544	371	307	307	307
Shareholder's Equity	1.3%	2,142	2,114	2,037	2,012	1,682	1,669	1,419	1,408	1,381	1,249	1,238	1,231	1,093	845	593	601	357	371	368	364	356
Retained Earnings	7.7%	151	140	85.00	74.00	59.00	48.00	38.00	32.00	24.00	17.00	11.00	7.00	-2.15	-5.81	-4.93	-4.62	-8.49	-10.05	-9.33	-	-9.25
Additional Paid-In Capital	0.3%	1,986	1,981	1,976	1,970	1,663	1,659	1,421	1,417	1,412	1,291	1,287	1,284	1,133	888	627	372	371	370	370	-	365
Shares Outstanding	-21.9%	10.00	13.00	13.00	13.00	9.00	11.00	11.00	11.00	8.00	10.00	10.00	-	-	-	-	-	-	-	-	-	-
Minority Interest	-66.2%	4.00	12.00	3.00	3.00	3.00	3.00	2.00	2.00	2.00	2.00	2.00	2.00	1.00	1.00	1.00	245	2.00	2.00	2.00	-	-
Float	-	-	-	762,000	-	-	-	1,400	-	-	-	955	-	-	-	282	-	-	-	189	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																				(In Thousands)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4	2018Q3	2018Q2	2018Q1
Cashflow From Operations	131.8%	12,705	5,482	22,066	24,599	13,970	11,858	5,945	-4,856	9,935	7,000	11,340	7,436	2,583	-3,124	1,842	-3,264	2,712	2,260	3,600	4,956
Share Based Compensation	-47.2%	28.00	53.00	1,183	282	176	175	1,215	184	189	189	1,220	146	132	132	1,219	99.00	95.00	13.00	765	-
Cashflow From Investing	50.1%	-98,343	-196,917	-415,508	-435,185	-680,693	-356,385	-165,938	-84,975	-345,904	-39,034	-84,347	-61,356	-909,200	-452,691	-38,310	-120,574	-167,756	-79,307	-47,853	-89,589
Cashflow From Financing	-76.7%	40,453	173,385	348,798	528,339	657,538	354,495	164,477	26,613	324,716	681	-87,668	306,886	916,611	399,124	105,472	123,888	169,464	60,290	-3,119	-1,103
Dividend Payments	0.2%	11,005	10,982	10,528	9,672	9,613	9,064	8,640	8,630	8,300	8,290	7,960	7,452	6,308	4,825	2,748	2,741	2,735	2,735	2,729	2,728

SAFE Income Statement

2022-12-31

Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands

12 Months Ended

Dec. 31, 2022

Dec. 31, 2021

Dec. 31, 2020

Revenues:

Interest income from sales-type leases

^[1]

$ 202,258

$ 118,824

$ 81,844

Operating lease income

66,817

67,667

72,340

Other income

1,238

523

1,243

Total revenues

270,313

187,014

155,427

Costs and expenses:

Interest expense

128,969

79,707

64,354

Real estate expense

3,110

2,663

2,480

Depreciation and amortization

9,613

9,562

9,433

General and administrative

^[2]

38,614

28,753

22,733

Other expense

10,189

868

243

Total costs and expenses

190,495

121,553

99,243

Gain on sale of net investment in lease

55,811

Income from operations before other items

135,629

65,461

56,184

Loss on early extinguishment of debt

(216)

Earnings from equity method investments

9,055

6,279

3,304

Selling profit from sales-type leases

1,833

Net income

144,684

73,357

59,488

Net income attributable to noncontrolling interests

(9,261)

(234)

(194)

Net income attributable to Safehold Inc. common shareholders

$ 135,423

$ 73,123

$ 59,294

Net income

Basic (dollars per share)

$ 2.21

$ 1.35

$ 1.17

Diluted (dollars per shares)

$ 2.21

$ 1.35

$ 1.17

Weighted average number of common shares:

Basic (in shares)

61,170

54,167

50,688

Diluted (in shares)

61,170

54,180

50,697

Ground Leases with iStar

Revenues:

Interest income from sales-type leases

$ 2,100

$ 8,400

$ 8,200

Expenses with Related Party, Equity Based Compensation

Costs and expenses:

General and administrative

$ 34,300

$ 24,100

$ 19,400

[1]	For the years ended December 31, 2022, 2021 and 2020, the Company recorded $2.1 million, $8.4 million and $8.2 million, respectively, of “Interest income from sales-type leases” in its consolidated statements of operations from its Ground Leases with iStar Inc. (“iStar”).
[2]	For the years ended December 31, 2022, 2021 and 2020, includes $34.3 million, $24.1 million and $19.4 million, respectively, of general and administrative expenses incurred to related parties that includes management fees, expense reimbursements to the Company’s Manager and equity-based compensation.

SAFE Balance Sheet

2022-12-31

Consolidated Balance Sheets - USD ($)
$ in Thousands

Dec. 31, 2022

Dec. 31, 2021

ASSETS

Net investment in sales-type leases

^[1]

$ 3,106,599

$ 2,412,716

Ground Lease receivables

^[1]

1,374,716

796,252

Real estate, at cost

^[1]

740,971

Less: accumulated depreciation

^[1]

(34,371)

(28,343)

Real estate, net

^[1]

706,600

712,628

Real estate-related intangible assets, net

^[1]

217,795

224,182

Total real estate, net and real estate-related intangible assets, net

^[1]

924,395

936,810

Equity investments in Ground Leases

^[1]

180,388

173,374

Cash and cash equivalents

^[1]

20,066

29,619

Restricted cash

^[1]

28,324

8,897

Deferred operating lease income receivable

^[1]

148,870

117,311

Deferred expenses and other assets, net

^[1]

67,564

40,747

Total assets

^[1]

5,850,922

4,515,726

Liabilities:

Accounts payable, accrued expenses and other liabilities

^[1],[2]

100,357

67,592

Real estate-related intangible liabilities, net

^[1]

64,591

65,429

Debt obligations, net

^[1]

3,521,359

2,697,503

Total liabilities

^[1]

3,686,307

2,830,524

Commitments and contingencies (refer to Note 9)

^[1]

Redeemable noncontrolling interests (refer to Note 3)

^[1]

19,011

Safehold Inc. shareholders' equity:

Common stock, $0.01 par value, 400,000 shares authorized, 62,397 and 56,619 shares issued and outstanding as of December 31, 2022 and 2021, respectively

^[1]

624

566

Additional paid-in capital

^[1]

1,986,417

1,663,324

Retained earnings

^[1]

151,226

59,368

Accumulated other comprehensive loss

^[1]

3,281

(40,980)

Total Safehold Inc. shareholders' equity

^[1]

2,141,548

1,682,278

Noncontrolling interests

^[1]

4,056

2,924

Total equity

^[1]

2,145,604

1,685,202

Total liabilities, redeemable noncontrolling interests and equity

^[1]

5,850,922

4,515,726

Other Liability, Due to Related Party

Liabilities:

Accounts payable, accrued expenses and other liabilities

$ 8,500

$ 6,200

[1]	Refer to Note 2 for details on the Company’s consolidated variable interest entities ("VIEs").
[2]	As of December 31, 2022 and 2021, includes $8.5 million and $6.2 million, respectively, due to related parties.

About Safehold Inc

Safehold Inc. (NYSE: SAFE) is revolutionizing real estate ownership by providing a new and better way for owners to unlock the value of the land beneath their buildings. Having created the modern ground lease industry in 2017, Safehold continues to help owners of high quality multifamily, office, industrial, hospitality, student housing, life science and mixed-use properties generate higher returns with less risk. The Company, which is taxed as a real estate investment trust (REIT), seeks to deliver safe, growing income and long-term capital appreciation to its shareholders.

CEO	Mr. Jay S. Sugarman
WEBSITE	safeholdinc.com
INDUSTRY	REIT Mortgage

Safehold Inc Frequently Asked Questions

What is the ticker symbol for Safehold Inc? What does SAFE stand for in stocks?

SAFE is the stock ticker symbol of Safehold Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Safehold Inc (SAFE)?

As of Mon Apr 15 2024, market cap of Safehold Inc is 205.97 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of SAFE stock?

You can check SAFE's fair value in chart for subscribers.

What is the fair value of SAFE stock?

You can check SAFE's fair value in chart for subscribers. The fair value of Safehold Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Safehold Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for SAFE so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Safehold Inc a good stock to buy?

The fair value guage provides a quick view whether SAFE is over valued or under valued. Whether Safehold Inc is cheap or expensive depends on the assumptions which impact Safehold Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for SAFE.

What is Safehold Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Mon Apr 15 2024, SAFE's PE ratio (Price to Earnings) is 1.52 and Price to Sales (PS) ratio is 0.76. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. SAFE PE ratio will change depending on the future growth rate expectations of investors.