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Employees: 72
Size Safehold (SAFE) is a United States Real Estate company (Real Estate Investment Trusts) with a market value of $750M, the 2435th largest of 3,117 United States companies the cockpit tracks. Shares closed at $10.59 on 6 Nov 2026.
Performance Over six months the shares fell 30.0%, against -7.9% for the median peer and -1.1% for the United States market (cap-weighted) — 2nd lowest of 21 in its peer set.
Growth Revenue grew 12.7% over the last twelve months (peer median +6.1%); the operating margin is 73.6% (peer median 46.4%).
Valuation It trades at 6.5× forward earnings against a peer median of 15.7× (2nd cheapest of 17).
Credit Safehold has 4 bonds outstanding ($1.45B), rated A- by the agencies and trading like BBB at a weighted spread of 115 bp.
Short interest Short interest is 4.5% of the free float (15 Oct 2026).
Next results Next results expected around 16 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $436M | $387M | $372M | $356M | $158M |
| Revenue growth | — | +4% | +4% | +125% | — |
| Gross profit | $383M | $374M | $358M | $337M | $37.5M |
| EBITDA | $329M | $318M | $302M | $282M | -$32.2M |
| Net income | $116M | $114M | $106M | -$55.0M | $421M |
| Free cash flow | $43.8M | $47.8M | $90.3M | $15.4M | $200M |
| Capital expenditure | $0 | $0 | $0 | $0 | $23.1M |
| Total debt | $4.88B | $4.65B | $4.39B | $4.13B | $1.70B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | SAFE | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -12.5% | -0.2% | 2nd lowest of 21 |
| 6-month return | -30.0% | -7.9% | 2nd lowest of 21 |
| Distance from 52-week high | -39.3% | -18.5% | 3rd lowest of 21 |
| Revenue growth (TTM) | +12.7% | +6.1% | 6th highest of 19 |
| Operating margin | 73.6% | 46.4% | 6th highest of 20 |
| Forward P/E | 6.5× | 15.7× | 2nd cheapest of 17 |
| Bond spread | 115 bp | n/a | — |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Safehold SAFE | United States | $750M | -30% | +13% | 74% | 6.5× | n/a | n/a |
| Slate Grocery REIT SGR-UN.TO | Canada | $763M | +8% | +2% | 58% | 12.4× | n/a | n/a |
| JBG SMITH Properties JBGS | United States | $729M | -20% | -1% | 0% | n/a | n/a | n/a |
| CDL Hospitality Trusts J85.SI | Singapore | $725M | -10% | +4% | 28% | 15.6× | n/a | n/a |
| Helios Re Socimi SCHLR.MC | Spain | $779M | 0% | n/a | 76% | 22.2× | n/a | n/a |
| Chatham Lodging Trust CLDT | United States | $722M | +56% | -3% | 10% | n/a | n/a | n/a |
| CTO Realty Growth CTO | United States | $783M | 0% | +16% | 25% | 50.1× | n/a | n/a |
| LOTTE REIT 330590.KS | South Korea | $792M | -16% | +13% | 67% | 24.4× | n/a | n/a |
| Global One Real Estate Investment 8958.T | Japan | $707M | -17% | -11% | 30% | 11.5× | n/a | n/a |
| Saul Centers BFS | United States | $705M | -19% | +9% | 40% | 50.1× | n/a | n/a |
| Arena REIT ARF.AX | Australia | $801M | -13% | +7% | 98% | 13.8× | n/a | n/a |
| Aspen APZ.AX | Australia | $802M | +6% | +31% | 34% | 24.1× | n/a | n/a |
| Millerful No 1 Real Estate Investment Trust 01010T.TW | Taiwan | $698M | 0% | +4% | 81% | n/a | n/a | n/a |
| Ichigo Office REIT Investment 8975.T | Japan | $816M | -6% | -18% | 46% | 10.5× | n/a | n/a |
| PennyMac Mortgage Investment Trust PMT | United States | $685M | -29% | +11% | 80% | 5.8× | n/a | n/a |
| Charter Hall Social Infrastructure REIT CQE.AX | Australia | $681M | +4% | +12% | 72% | 14.6× | n/a | n/a |
| Strawberry Fields REIT STRW | United States | $678M | -5% | +18% | 54% | 15.7× | n/a | n/a |
| Hoshino Resorts REIT 3287.T | Japan | $831M | -11% | +44% | 39% | 16.4× | n/a | n/a |
| UI Boustead REIT UIBU.SI | Singapore | $831M | -5% | n/a | n/a | 13.5× | n/a | n/a |
| Far East Hospitality Trust Q5T.SI | Singapore | $831M | -10% | +6% | 75% | 16.1× | n/a | n/a |
| Service Properties Trust SVC | United States | $673M | -37% | -12% | 11% | n/a | n/a | n/a |
Safehold has 4 bonds outstanding with $1.45B face value. The agencies rate it A-; its bonds trade like BBB. Weighted yield 5.88%, a spread of 115 bp over government bonds.