SAFE Stock Financial Analysis - Safehold Inc. (NYSE) Stock

Overview

Safehold Inc. is a real estate investment company based in the United States, specializing in the acquisition, management, and capitalization of ground leases. The company focuses on revolutionizing the traditional real estate ownership model by creating a more efficient way for property owners to unlock capital while retaining operational control. Safehold’s groundbreaking approach involves purchasing the land beneath prime commercial buildings and leasing it back to the owners, thereby providing them with liquidity and investment opportunities while Safehold retains a long-term interest in the properties. This unique business model aims to generate stable, long-term income streams while promoting growth in shareholder value through strategic ground lease innovations. Key projects typically involve high-value, urban core real estate in major U.S. cities, positioning Safehold as a pioneering entity in the commercial real estate sector.

Quality, Value, Momentum Scores

This card shows the Quality, Value, and Momentum scores for the company

Quality

The QualityScore is a proprietary scoring model that identifies high quality companies, based on cash generating efficiencies.

Value

Proprietary scoring model that ranks companies based on their relative valuation. Scores range from 0 to 100, with 100 being the most undervalued.

Momentum

Proprietary scoring model that ranks companies on their six-month momentum.

Fund Sentiment

The Fund Sentiment (fka Ownership) score is a proprietary quantitative model that ranks companies based on levels of ownership accumulation.

QVM

The QVM Score is a proprietary scoring model that combines Quality, Value, and Momentum into a single metric that ranks companies from 0 to 100.

Income Statement: Revenue, Operating Income, Net Income

The revenue for Safehold Inc. as of June 30, 2025 is 393.60 MM.
The operating income for Safehold Inc. as of June 30, 2025 is 311.11 MM.
The net income for Safehold Inc. as of June 30, 2025 is 102.68 MM.

Period End (TTM)	Revenue (MM)	Operating Income (MM)	Net Income (MM)
2025-06-30	393.60	311.11	102.68
2025-03-31	391.21	310.59	104.40
2024-12-31	388.66	308.10	105.76
2024-09-30	402.67	305.75	120.91
2024-06-30	385.05	308.01	-21.39
2024-03-31	381.15	297.63	-28.93
2023-12-31	361.62	282.39	-54.97
2023-09-30	341.72	261.90	-74.36
2023-06-30	322.65	248.72	114.68
2023-03-31	297.32	232.50	115.23
2022-12-31	279.37	227.64	135.42
2022-09-30	258.00	202.01	134.91
2022-06-30	233.58	186.37	89.03
2022-03-31	211.59	167.34	81.09
2021-12-31	193.29	151.45	73.12
2021-09-30	179.75	139.55	67.11
2021-06-30	169.06	130.78	61.07
2021-03-31	162.09	125.64	58.85
2020-12-31	158.73	123.84	59.29
2020-09-30	147.93	114.80	55.14

Income Statement: EPS

The earnings per share basic for Safehold Inc. as of June 30, 2025 is 1.44.
The earnings per share diluted for Safehold Inc. as of June 30, 2025 is 1.43.

Period End (TTM)	Earnings Per Share Basic	Earnings Per Share Diluted
2025-06-30	1.44	1.43
2025-03-31	1.46	1.46
2024-12-31	1.48	1.48
2024-09-30	1.70	1.70
2024-06-30	-0.30	-0.30
2024-03-31	-0.42	-0.42
2023-12-31	-0.82	-0.82
2023-09-30	-1.15	-1.14
2023-06-30	1.80	1.80
2023-03-31	1.81	1.81
2022-12-31	2.17	2.17
2022-09-30	2.22	2.22
2022-06-30	1.53	1.54
2022-03-31	1.46	1.45
2021-12-31	1.32	1.32
2021-09-30	1.26	1.26
2021-06-30	1.16	1.16
2021-03-31	1.13	1.14
2020-12-31	1.17	1.17
2020-09-30	1.14	1.14

Cash Flow: Operations, Investing, Financing

The cash from operating activities for Safehold Inc. as of June 30, 2025 is 53.06 MM.
The cash from investing activities for Safehold Inc. as of June 30, 2025 is -199.51 MM.
The cash from financing activities for Safehold Inc. as of June 30, 2025 is 147.36 MM.

Period End (TTM)	Cash From Operating Activities (MM)	Cash From Investing Activities (MM)	Cash From Financing Activities (MM)
2025-06-30	53.06	-199.51	147.36
2025-03-31	49.82	-144.67	81.66
2024-12-31	37.85	-212.37	144.89
2024-09-30	53.02	-317.52	249.30
2024-06-30	46.56	-357.57	290.61
2024-03-31	19.14	-381.34	353.09
2023-12-31	15.39	-576.57	559.53
2023-09-30	5.03	-548.29	489.14
2023-06-30	8.72	-651.09	573.17
2023-03-31	33.44	-980.70	839.28
2022-12-31	64.85	-1,145.95	1,090.97
2022-09-30	66.12	-1,728.30	1,708.06
2022-06-30	72.49	-1,887.77	1,889.17
2022-03-31	56.37	-1,638.20	1,704.85
2021-12-31	26.92	-1,287.99	1,203.12
2021-09-30	22.88	-953.20	870.30
2021-06-30	18.02	-635.85	516.49
2021-03-31	23.42	-554.26	264.34
2020-12-31	35.71	-530.64	544.62
2020-09-30	28.36	-1,093.94	1,136.51

Valuation Metrics : PE, PriceToBook, PriceToTBV

The p/book for Safehold Inc. as of June 30, 2025 is 0.47.
The p/tbv for Safehold Inc. as of June 30, 2025 is 0.52.

P/Book: The current closing price divided by the book value per share.

P/TBV: The current price divided by the tangible book value per share.

Period End (TTM)	p/e	P/Book	P/TBV
2025-06-30		0.47	0.52
2025-03-31		0.54	0.60
2024-12-31		0.57	0.62
2024-09-30	-87.86	0.79	0.87
2024-06-30	-47.27	0.58	0.64
2024-03-31		0.62	0.69
2023-12-31	-22.35	0.72	0.85
2023-09-30	9.94	0.51	0.60
2023-06-30	12.78	0.67	0.81
2023-03-31	13.52	0.85
2022-12-31		0.83	0.92
2022-09-30		0.81	0.91
2022-06-30	27.03	1.09	1.22
2022-03-31	46.94	2.04	2.35
2021-12-31	67.30	2.71	3.12
2021-09-30	65.43	2.82	3.39
2021-06-30
2021-03-31	38.96	1.63	1.96
2020-12-31	38.63	1.66	2.01
2020-09-30	39.95	1.76	2.18

Valuation Metrics : EBitToEv, EBit3YrAvgToEv

The ebit/ev for Safehold Inc. as of June 30, 2025 is 0.02.
The ebit (3y)/ev for Safehold Inc. as of June 30, 2025 is 0.01.

Period End (TTM)	EBIT/EV	EBIT (3y)/EV
2025-06-30	0.02	0.01
2025-03-31	0.02	0.01
2024-12-31	0.02	0.01
2024-09-30	-0.00	0.00
2024-06-30	-0.00	0.01
2024-03-31	-0.01	0.01
2023-12-31	-0.01	0.01
2023-09-30	0.02	0.02
2023-06-30	0.02	0.02
2023-03-31	0.03	0.02
2022-12-31	0.03	0.02
2022-09-30	0.02	0.01
2022-06-30	0.02	0.01
2022-03-31	0.01	0.01
2021-12-31	0.01	0.01
2021-09-30	0.01	0.01
2021-06-30
2021-03-31	0.01	0.01
2020-12-31	0.02	0.01
2020-09-30	0.02	0.01

Management Effectiveness

The roa for Safehold Inc. as of June 30, 2025 is 0.02.
The roe for Safehold Inc. as of June 30, 2025 is 0.04.
The roic for Safehold Inc. as of June 30, 2025 is 0.02.
The croic for Safehold Inc. as of June 30, 2025 is -0.00.
The ocroic for Safehold Inc. as of June 30, 2025 is 0.01.

Period End (TTM)	ROA	ROE	ROIC	CROIC	OCROIC
2025-06-30	0.02	0.04	0.02	-0.00	0.01
2025-03-31	0.02	0.05	0.02	-0.00	0.01
2024-12-31	0.02	0.05	0.02	-0.00	0.01
2024-09-30	-0.00	-0.01	-0.00	-0.00	0.01
2024-06-30	-0.00	-0.01	-0.00	-0.00	0.00
2024-03-31	-0.01	-0.03	-0.01	-0.00	0.00
2023-12-31	-0.01	-0.03	-0.01	-0.01	0.00
2023-09-30	0.02	0.06	0.02	-0.01	0.00
2023-06-30	0.02	0.06	0.02	-0.01	0.00
2023-03-31	0.03	0.07	0.02	-0.02	0.01
2022-12-31	0.04	0.08	0.02	0.01	0.01
2022-09-30	0.02	0.05	0.02	0.01	0.01
2022-06-30	0.02	0.06	0.02	0.01	0.01
2022-03-31	0.02	0.05	0.02	0.03	0.01
2021-12-31	0.02	0.05	0.02	-0.02	0.01
2021-09-30	0.02	0.05	0.02	-0.02	0.01
2021-06-30	0.02	0.05	0.02	-0.03	0.01
2021-03-31	0.02	0.05	0.02	-0.08	0.01
2020-12-31	0.02	0.05	0.02	0.02	0.01
2020-09-30	0.03	0.07	0.02	0.03	0.01

Gross Margins

The gross margin for Safehold Inc. as of June 30, 2025 is 0.99.
The net margin for Safehold Inc. as of June 30, 2025 is 0.27.
The operating margin for Safehold Inc. as of June 30, 2025 is 0.79.

Gross Margin: The Gross Margin is the ratio of revenue left after substracting the Cost of Goods Sold. It is calculated as 1.0 - (Revenue - COGS ) / Revenue.

Net Margin: The Net Margin (aka Profit Margin) is the ratio of revenue left after substracting the Net Income. It is calculated as Net Income / Revenue.

Operating Margin: The Operaing Margin is the ratio of revenue left after substracting the Operating Income. It is calculated as Operating Income / Revenue.

Period End (TTM)	Gross Margin	Net Margin	Operating Margin
2025-06-30	0.99	0.27	0.79
2025-03-31	0.99	0.27	0.79
2024-12-31	0.98	0.30	0.79
2024-09-30	0.98	-0.05	0.79
2024-06-30	0.98	-0.07	0.77
2024-03-31	0.99	-0.15	0.78
2023-12-31	0.99	-0.22	0.71
2023-09-30	0.99	0.36	0.77
2023-06-30	0.99	0.36	0.71
2023-03-31	0.99	0.39	0.73
2022-12-31	0.99	0.52	0.78
2022-09-30	0.99	0.52	0.78
2022-06-30	0.99	0.38	0.80
2022-03-31	0.99	0.38	0.79
2021-12-31	0.99	0.38	0.78
2021-09-30	0.99	0.37	0.78
2021-06-30	0.99	0.36	0.77
2021-03-31	0.99	0.36	0.78
2020-12-31	0.98	0.37	0.78
2020-09-30	0.98	0.37	0.78