SAFE · Safehold Inc.
2 customers — 4.3% of revenue (the year ended December 31, 2025)
“For the year ended December 31, 2025, our two largest tenants by revenues each accounted for approximately 4.3% of our total revenues.”
Price & Indicators
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Metrics snapshot
Useful current figures from the complete screener profile.
AI Brief
Q2 FY26 earnings call · Jul 30, 2026TL;DR. Safehold closed $150M of new ground lease originations, formed a $348M Brookfield joint venture, and priced $225M of 30-year unsecured notes, with UCA rising to $9.8B and quarterly revenue up 22% year-over-year to $114.6M.
- + Formed a $348M joint venture with Brookfield, deleveraging the balance sheet and validating portfolio value at ~4.1% cap rate
- + Priced $225M of 30-year unsecured notes at an effective yield of 5.83% (T+84) including ~$30M of unwound hedge gains
- + Estimated Unrealized Capital Appreciation increased to $9.8B, up ~$1B since Q1 2025 appraisal bottom
- − Office will have the highest bar to clear of any sector to get Safehold back to the table
- − Portfolio GLTV rose to 52% in Q2, indicating modest leverage drift upward
- − Pipeline conversion and new originations remain exposed to higher rates and process volatility
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Technicals
trend & momentum for long-term holders Strong SellIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
Earlier KPI extraction records exist, but do not meet the current evidence-completeness requirements. No current verified series is available. Earlier figures remain withheld until revalidated; this is not evidence that the company reports no KPIs.
Versus peers
REIT - Diversified — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
SAFE
this stock
Safehold Inc.
|
$868.21M | -14.0% | +5.4% | 7.6 | 5.0% |
|
VICI
Vici Properties Inc.
|
$25.89B | -18.3% | +4.1% | 9.1 | 2.4% |
|
WPC
W. P. Carey Inc.
|
$15.06B | +0.4% | +8.4% | 23.1 | 3.6% |
|
BNL
Broadstone Net Lease, Inc.
|
$3.62B | +6.5% | +5.2% | 24.8 | 10.5% |
|
GNL
Global Net Lease, Inc.
|
$1.80B | -4.0% | -13.1% | — | 6.1% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| SAFE | -8.8% | -22.6% | -20.4% | -22.3% | -14.0% |
| SPY | -0.7% | +0.1% | +12.2% | -0.6% | +11.8% |
| vs SPY | -8.2% | -22.7% | -32.6% | -21.7% | -25.9% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.