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SAFE · Safehold Inc.

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$9.86 +0.01 (+0.10%) At close · Nov 13
S&P 600 member Russell 2000 member Rebalance outlook locked
Customer concentration — top 2 customers 4.3% of revenue

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.”
View the 10-K filed Feb 12, 2026
Market Cap
$690.07M
Shares
69.99M
Volume · Nov 13 859.53K Avg daily vol (3M) 616.45K

Price & Indicators

Drag to pan · scroll to zoom
Indicators
Price
Panels
Event markers
20d MA 50d MA 200d MA Earnings Filing Insider Congress Investor day
Close$9.86 Open$9.92 Day$9.71–10.05 52W close$9.85–17.17 Avg vol 30d798K Short int3.3M · 4.7% of shares · 3.8d Short vol60% Last earningsNov 3, 2026 DataJan 2020–Nov 2026 Filing10-Q · Nov 4

Up next

Next earnings call
Feb 11, 2027 Est · unconfirmed · in 13 wks
Q2 2026 earnings call transcript
call held Jul 30, 2026
Play latest call

Latest documents

2026
Nov 4
Quarterly report 10-Q FY2026 Q3, ended Sep 30
Lease interest income rose; Ground Rent Coverage was 3.4x

Safehold Inc. reported nine-month interest income from sales-type leases of $230.7 million, up from $212.7 million, and estimated portfolio Ground Rent Coverage of 3.4x as of September 30, 2026. Lease-termination litigation continued at a significant New York office asset.

Revenue $118.68M ▲ 23.4% Net income $28.81M ▼ 1.6% Diluted EPS $0.41 ▲ unchanged
Read from the MD&A section
4 source passages
Safehold Inc.’s (the “Company’s”) current business plan, business strategy, portfolio management, prospects and liquidity. Interest income from sales-type leases increased to $230.7 million for the nine months ended September 30, 2026 from $212.7 million for the same period in 2025. As of September 30, 2026, our estimated portfolio Ground Rent Coverage was 3.4x We previously entered into a forbearance agreement with a tenant under a significant New York office asset in connection with the tenant’s failure to pay property taxes. The tenant defaulted on such agreement and we sent the tenant a lease termination notice in May 2026. The tenant filed a countersuit and a temporary restraining order has been granted on our lease termination efforts Open the document at this passage
Nov 3
Current report 8-K
Estimated Unrealized Capital Appreciation Is $9,867 Million

Safehold Inc. estimated $9,867 million of unrealized capital appreciation as of September 30, 2026; CBRE prepares initial and periodic property valuations, while management uses internal estimates for certain properties pending initial reports.

Other events
3 source passages
We announced today that, as of September 30, 2026, the estimated UCA in our owned residual portfolio is $9,867 million in the aggregate. Pursuant to our valuation policy, we have engaged an independent valuation firm, CBRE, Inc. (“CBRE”) to prepare (a) initial reports of the Combined Property Value associated with each Ground Lease in our portfolio and (b) periodic updates of such reports, which we use, in part, to determine a current estimate of the UCA in our owned residual portfolio. For a newly-acquired Ground Lease, until CBRE’s initial report relating to such Ground Lease property has been furnished, such property is included in the Combined Property Value based on management’s internal valuation estimate. Open the document at this passage
Nov 3
Current report 8-K
Q3’26 revenue rises 23%, originations reach $38m

Safehold Inc. reported Q3’26 revenue of $118.7m, up 23%; net income attributable to common shareholders of $28.8m and EPS of $0.41. It originated $38m in new ground leases; estimated Unrealized Capital Appreciation reached $9. 9 billion.

Financial results, Regulation FD disclosure
6 source passages
Safehold Inc. ( NYSE: SAFE) reported results for the third quarter 20 26. Revenues $118.7m $96.2m 23% $344.2m $287.7m 20% GAAP $28.8m $29.3m -2% $87.8m $86.6m 1% GAAP $0.41 $0.41 0% $1.23 $1.21 2% 2 new ground leases for $38m1 Estimated Unrealized Capital Appreciation increased to $9. 9 billion 2 Open the document at this passage
Oct 2
Current report 8-K Events of Sep 29
Other events

On September 29, 2026, Safehold Inc. extended Star Holdings’ term loan maturity to March 31, 2029 and received a $2.4 million extension fee; Safehold Management Services Inc. increased the management agreement termination fee to $62.5 million.

Aug 3
Current report 8-K Events of Aug 1
Other events AI summary on its way
All documents

Metrics snapshot

Useful current figures from the complete screener profile.

Revenue (TTM)
$442.05M
Trailing 12 months
Net income (TTM)
$115.70M
Trailing 12 months
Revenue growth YoY
+23.4%
Year over year
Operating margin
24.9%
Trailing 12 months
P / E (TTM)
6.1
Trailing earnings · reciprocal yield 16.3%
FCF yield
—
TTM · current market cap
Return on invested capital
1.5%
Trailing 12 months
Net cash
−$4.77B
Latest balance sheet
Dividend yield
7.2%
Trailing 12 months
Shares change YoY
-1.2%
Year over year · fewer shares
Price change (1Y)
-26.6%
Trailing year
Short interest
4.7%
Latest settlement · 3.8 days to cover
View all 129 metrics

Quarterly results

Revenue Net income Net loss
▼10.8% $91.87M $26.04M '24 Q4* ▲4.8% $97.68M $29.36M '25 Q1 ▲4.4% $93.84M $27.95M '25 Q2 ▲6% $96.16M $29.28M '25 Q3 ▲6.5% $97.87M $27.88M '25 Q4* ▲13.5% $110.85M $28.86M '26 Q1 ▲22.2% $114.65M $30.16M '26 Q2 LATEST ▲23.4% $118.68M $28.81M '26 Q3

* Q4 derived as the full year minus Q1 to Q3.

AI Brief

Q2 FY26 earnings call · Jul 30, 2026
Q2 FY26

TL;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.

Bullish
  • + 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
Bearish
  • − 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 advice
Overall
Sell
SellHoldBuy
Technical Strong Sell Momentum Very Weak Sentiment Neutral Fundamentals Strong Quant / Vol Very High
Market backdrop VIX 19.3 · elevated Equity put/call 0.63
Technical
price trend
Strong Sell
50 / 200-day cross No cross
Price vs 200-day avg −32%
below
Price vs 50-day avg −18%
below
RSI (14) 30
neutral
MACD trend Negative
52-week position 0%
near low
Volume (OBV) Confirms
volume backs price
Momentum
relative strength
Very Weak
1-month return −13%
trailing
6-month return −33%
trailing
YTD return −28%
this year
Relative strength −33%
vs S&P · 6-mo
Sentiment
smart money
Neutral
Trend (MA cross) No cross
50d $12 › 200d $15 — 200d above 50d
Institutional flow Accumulating
194 of 217 funds reported for Sep 30 · net +147.3K sh shares · +25 new
Insider flow Distributing
Net -$138.3K over 90 days · 100% sells
Short interest Rising
4.73% of shares out · ▲ +2.8% MoM · 3.8 days cover
Volume signal Normal
Volume near normal
Institution breadth Multi-yr high
217 holders — near 3-yr high, broad support
Squeeze score 50
elevated · 0–100
Fundamentals
Strong
Revenue growth +5%
Y/Y
EPS growth +7%
Y/Y
Valuation P/E 6.1
below peers
Buyback $27.5M
remaining
Balance sheet $4.6B
net debt
Quant / Vol
risk profile
Very High
Volatility 33%
annualized · 1-yr
Max drawdown −43%
past year
ATR 4.6%
of price · 14-day

Blended 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 Sell
4 · 3 · 0
50 / 200-day cross
No cross Neutral
Price vs 200-day avg
−32% Bearish
Price vs 50-day avg
−18% Bearish
RSI (14)
30 Neutral
MACD trend
Negative Bearish
52-week position
0% Bearish
Volume (OBV)
Confirms Neutral
Market signals — smart money & positioning
Mixed
Trend (MA cross) No cross
50d $12 › 200d $15 — 200d above 50d
Institutional flow Accumulating
194 of 217 funds reported for Sep 30 · net +147.3K sh shares · +25 new
Insider flow Distributing
Net -$138.3K over 90 days · 100% sells
Short interest Rising
4.73% of shares out · ▲ +2.8% MoM · 3.8 days cover
Volume signal Normal
Volume near normal
Institution breadth Multi-yr high
217 holders — near 3-yr high, broad support
Price context
position in its 52-week range
Range low $10 Now $10 · 0% Range high $17
vs 200-day avg -32% vs 50-day avg -18%

Illustrative technical + ownership context — a signal mix, not investment advice.

Key metrics

the company's own KPIs, from written earnings releases and filings
Metric Latest Period YoY
Aggregate Cost Basis 6.79B 6/30/26 —
Aggregate Gross Book Value 7.32B 6/30/26 —
Cash NOI 5.5M YTD'26 —
Cost Basis 6.61B 6/30/26 —
EPS excluding non-recurring (gains) / losses - basic & diluted non-GAAP $0.42 Q2'26 —
Gross Book Value 7.13B 6/30/26 —

Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period

Versus peers

REIT - Diversified — same industry group
Open screener →
Company Mkt cap YTD Rev growth Y/Y P/E Short % shares
SAFE
Safehold Inc.
this stock
$690.07M -28.0% +5.4% 6.1 4.7%
VICI
Vici Properties Inc.
 $27.54B -11.1% +4.1% 11.5 2.7%
WPC
W. P. Carey Inc.
 $15.11B +2.0% +8.4% 23.2 3.9%
BNL
Broadstone Net Lease, Inc.
 $3.38B +1.3% +5.2% 23.2 10.6%
GNL
Global Net Lease, Inc.
 $1.47B -23.5% -13.1% — 6.5%

Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding

At a glance

key data from every section
Ownership
Institutional Holders Accumulating
Holders
221
% held
69.9%
Reported
194 of 217
Top holder
BlackRock, Inc.
Held Float
View
Held by Funds
Fund positions
214
View
Short & Settlement
Short Interest Rising
Shares short
3.3M
Days to cover
3.8d
Change
+90.8K sh
View
Short Volume
Short vol %
60%
As of
Nov 13, 2026
Short Total
View
Fails to Deliver
FTD shares
76
Value
$920
As of
Oct 9, 2026
View
Off-Exchange
Off-exchange %
36.8%
Week of
Oct 5, 2026
Off-exch Lit
View
Smart Money
Insider Trades Net selling
Net (90d)
-$138.3K
Buyers / Sellers
0 / 1
Buyers Sellers
View
Congressional Trades Buy
Member
Doris O. Matsui
Amount
$1.0M–$1.0M
Traded
May 29, 2024
View
Financials
Financials
Revenue (FY)
$385.6M
Net income (FY)
$114.5M
EPS diluted
$1.59
View
Buybacks
Authorized · 2 programs
$60.0M
Remaining
$27.5M
Spent Remaining
View
Filings
SEC Filings
Latest
10-Q
Filed
Nov 4, 2026
This year
22

Safehold Inc. reported nine-month interest income from sales-type leases of $230.7 million, up from $212.7 million, and estimated portfolio Ground Rent Coverage of 3.4x as of September 30, 2026. Lease-termination litigation continued at a significant New York office asset.

View
Proposed Sales
Value
$185.1K
Shares
8.0K
Filed
Dec 19, 2023
View
Earnings & Events
Webcasts
Last webcast
Nov 3, 2026
View
Investor Relations
Latest news
Safehold Closes $225 Million Priv…
Published
Jun 16, 2026
View

Performance

5D 20D 120D MTD YTD
SAFE -6.9% -13.1% -32.9% -12.7% -28.0%
SPY +2.6% -1.2% +0.5% -0.2% +10.6%
vs SPY -9.5% -11.9% -33.4% -12.6% -38.6%

Capital returns

Latest dividend
$0.177 / share · ex Sep 30, 2026
Cut 84%
Paid (TTM)
$0.708 / share · 4 payouts
Dividend yield (TTM, derived)
7.18%
Full dividend history
Buyback programs · 2 active · as of Sep 30, 2026
Authorized (total)
$60.00M
Spent (derived)
$32.50M
Remaining
$27.50M
Spent Remaining

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.

Key facts CIK 1095651 CUSIP 78646V107 13F (30d) 170 filings 155 filers Visit website Investor relations