SAFEHOLD INC (SAFE)
Real Estate · Ground leases / net lease real estate financing · NYSE
Safehold is the industry leader in acquiring and managing long-term ground leases on commercial real estate, providing high-quality fixed income with built-in growth and residual ownership upside.
What SAFEHOLD INC does
Safehold Inc. acquires, manages, and capitalizes ground leases, which are long-term (typically 30-99 years) net leases of land underlying commercial real estate properties. The company generates revenue primarily through interest income from sales-type leases and operating lease income, while benefiting from contractual base rent escalations tied to fixed percentages or consumer price index (CPI) adjustments. Safehold has become the industry leader in ground leases by demonstrating their value to real estate investors, owners, operators, and developers across major metropolitan areas. The company's portfolio is diversified by property type and region, and includes opportunities for residual ownership of buildings and improvements upon lease termination or tenant default.
Themes: ["Ground leases / land ownership","Commercial real estate financing","Fixed income with growth","Long-term net leases","Real estate capital markets"]
Fundamentals
- Price$16.32 as of 2026-07-09 close
- Market cap$1.2B as of 2026-07-10
- 1-year return+5.4% as of 2026-07-09 close
- P/E10.19 as of 2026-07-10
- Net margin+28.6% as of 2026-07-10
- Gross margin+95.7% as of 2026-07-10
- ROE+4.8% as of 2026-07-10
- Debt / equity1.93 as of 2026-07-10
- Revenue growth (YoY)+7.7% as of 2026-07-10
- Revenue CAGR (3y)+12.6% SEC XBRL
- Beta1.69 as of 2026-07-10
Dividend: yield +4.3%; 5-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
["CPI lookback adjustments are capped between 3.0%-3.5%, which may not keep pace with higher inflation, potentially reducing real returns during inflationary periods","Tenant defaults and lease terminations could result in the company taking possession of properties, exposing it to property management risks and market value fluctuations","Portfolio concentration by property type and region could amplify losses from sector downturns or regional economic weakness"]
Competitors & peers
- Agree Realty Corporation (ADC)
- STORE Capital (STOR)
- Spirit Realty Capital (SRC)
- Four Corners Property Trust (FCPT)
- Lexington Realty Trust (LXP)
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.