SAFE vs VNO
SAFE: Safehold is a specialized real estate company that unlocks capital for commercial property owners by acquiring and managing long-term ground leases. VNO: A major U.S. real estate operator and developer with a diversified portfolio of office, retail, and residential properties focused on high-value markets like Manhattan, Chicago, and San Francisco.
Side-by-side fundamentals
| Metric | SAFE | VNO | Edge |
|---|---|---|---|
| Price as of 2026-07-27 close | $16.66 | $39.39 | |
| Market cap as of 2026-08-03 | $1.2B | $7.4B | |
| P/E as of 2026-08-03 | 10.17 | 9.95 | VNO lower |
| PEG as of 2026-08-03 | 0.87 | 0.02 | VNO lower |
| Net margin as of 2026-08-03 | +28.6% | +44.0% | VNO higher |
| Gross margin as of 2026-08-03 | +95.7% | +47.9% | SAFE higher |
| Operating margin as of 2026-08-03 | +24.8% | +12.5% | SAFE higher |
| ROE as of 2026-08-03 | +4.8% | +13.2% | VNO higher |
| ROA as of 2026-08-03 | +1.6% | +5.1% | VNO higher |
| Debt / equity as of 2026-08-03 | 1.93 | 1.28 | VNO lower |
| Revenue growth (YoY) as of 2026-08-03 | +7.7% | -0.3% | SAFE higher |
| Revenue CAGR (3y) SEC XBRL | +12.6% | +0.2% | SAFE higher |
| Dividend yield as of 2026-08-03 | +4.4% | +1.9% | SAFE higher |
| Dividend streak (yrs) SEC XBRL | 5 | 3 | SAFE higher |
| Beta as of 2026-08-03 | 1.69 | 1.22 | |
| 1-year return as of 2026-07-27 close | +13.0% | +2.5% | SAFE higher |
Fundamentals: market data, as of 2026-08-03. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-27.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & market data, shown with their as-of date; "Edge" cells are a pure numeric comparison, not a recommendation.