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Safehold Inc. is revolutionizing real estate ownership by providing a new and better way for owners to unlock the value of the land beneath their buildings. Having created the modern ground lease industry in 2017, Safehold continues to help owners of high quality multifamily, affordable housing, office, industrial, hospitality, student housing, life science and mixed-use properties generate higher returns with less risk. The Company, which is taxed as a real estate investment trust (REIT), seeks to deliver safe, growing income and long-term capital appreciation to its shareholders. Safehold Inc. was incorporated in 2016 in Maryland, USA.
Rule-based from financial data. Not advice.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 5 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $386M | $335M | $114M | $48M | 4.8% | 5.4% | 8.2% |
| 2024 | $366M | $320M | $106M | $38M | 4.5% | 3.7% | -292.4% |
| 2023 | $353M | $140M | $-55M | $15M | -2.5% | 30.4% | -140.6% |
| 2022 | $270M | $286M | $135M | $65M | 6.3% | - | - |
| 2021 | - | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2025 |
|---|---|
| Total Revenue | 385.55 |
| Operating Revenue | 369.38 |
| Cost Of Revenue | 4.76 |
| Gross Profit | 380.79 |
| Operating Expense | 69.45 |
| Selling General And Administration | 54.34 |
| Total Expenses | 74.21 |
| Operating Income | 311.34 |
| Total Operating Income As Reported | 100.90 |
| EBITDA | 335.10 |
| Normalized EBITDA | 337.33 |
| EBIT | 324.25 |
| Interest Expense | 206.69 |
| Net Interest Income | -206.69 |
| Other Non Operating Income Expenses | -3.76 |
| Other Income Expense | 12.90 |
| Interest Expense Non Operating | 206.69 |
| Net Non Operating Interest Income Expense | -206.69 |
| Pretax Income | 117.56 |
| Tax Provision | 2.93 |
| Tax Rate For Calcs | 0 |
| Tax Effect Of Unusual Items | -0.06 |
| Net Income Continuous Operations | 114.63 |
| Net Income From Continuing And Discontinued Operation | 114.47 |
| Net Income From Continuing Operation Net Minority Interest | 114.47 |
| Net Income | 114.47 |
| Net Income Common Stockholders | 114.47 |
| Net Income Including Noncontrolling Interests | 114.63 |
| Normalized Income | 116.64 |
| Diluted NI Availto Com Stockholders | 114.47 |
| Basic Average Shares | 71.69 |
| Diluted Average Shares | 71.79 |
| Reconciled Depreciation | 10.86 |
| Reconciled Cost Of Revenue | 2.45 |
| Total Unusual Items | -2.22 |
| Total Unusual Items Excluding Goodwill | -2.22 |
| Minority Interests | -0.16 |
| Special Income Charges | -2.22 |
| Other Special Charges | 2.22 |
| Impairment Of Capital Assets | 0 |
| Restructuring And Mergern Acquisition | 0 |
| Gain On Sale Of Security | - |
| Depreciation Amortization Depletion Income Statement | 8.55 |
| Depreciation And Amortization In Income Statement | 8.55 |
| General And Administrative Expense | 54.34 |
| Other Gand A | 41.79 |
| Salaries And Wages | 12.55 |
| Gain On Sale Of Ppe | 0 |
| Provision For Doubtful Accounts | 6.56 |
| Earnings From Equity Interest | 18.89 |
Real Estate sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Safehold Inc.this co. | SAFE | $1.1B | 9.51↑ premium | 0.45 | 4.8% | 16.59 |
| Arbor Realty Trust, Inc. | ABR | $1.2B | 7.79 | 0.50 | 6.4% | - |
| Easterly Government Properties, Inc. | DEA | $1.1B | 87.80 | 0.86 | 1.0% | 13.79 |
| Marcus & Millichap, Inc. | MMI | $1.1B | - | 1.88 | -0.3% | 59.90 |
| Piedmont Realty Trust, Inc. | PDM | $1.1B |
| - |
| - |
| - |
| - |
| - |
| 0.75 |
| -5.6% |
| 12.39 |
| Chimera Investment Corporation | CIM | $1.1B | 7.69 | 0.43 | 5.6% | - |
| eXp World Holdings, Inc. | EXPI | $1.1B | -47.26 | 4.42 | -9.4% | - |
| Service Properties Trust | SVC | $1.1B | -5.28 | 1.65 | -31.3% | 12.79 |
| Centerspace | CSR | $1.1B | 60.46 | 1.48 | 2.4% | 11.35 |
| Peer Median | - | 7.74 | 1.17 | 0.3% | 12.79 | |