Stocks · Real Estate · REIT - Diversified
Safehold Inc. SAFE
$12.06 +2.29% Close, Oct 2, 2026 · NYSE · Market cap $863.6M
Next earnings report: Nov 4, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- Operating margin widened to 49.7% from 23.4% a year earlier.
- At 7.4× trailing earnings, the shares trade at the lowest P/E of the company's past five years.
- Net debt is 13.7× EBITDA, a high level of leverage.
PromtFinance scores
Each score is a percentile within the Real Estate sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
Growth77Positive
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Top 38%
- EPS growth (TTM, YoY)Top 47%
- FCF growth (TTM, YoY)Bottom 31%
- Revenue growth, 3-year CAGRTop 22%
- Revenue growth accelerationTop 16%
Quality29Very weak
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalBottom 35%
- Gross marginTop 3%
- Operating marginTop 17%
- Cash conversion (OCF / net income)Bottom 15%
- Accruals (lower is better)Bottom 11%
- Net debt / EBITDA (lower is better)Bottom 20%
- Interest coverBottom 38%
Value68Positive
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldTop 8%
- Free-cash-flow yieldBottom 43%
- EBITDA / enterprise valueBottom 46%
- Sales / enterprise valueBottom 22%
- P/E vs own 5-year history (lower is better)Top 9%
Momentum29Very weak
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthBottom 42%
- 6-month returnBottom 32%
- 1-year return vs S&P 500Bottom 26%
- Distance from 52-week highBottom 29%
- Trend checklist (0–4)Bottom 22%
Revisions47Neutral
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersBottom 45%
- Consecutive EPS beatsBottom 48%
- Share of analysts rating BuyBottom 40%
- Upside to consensus price targetTop 32%
Stability29Very weak
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Bottom 29%
- Maximum drawdown, 3 yearsBottom 20%
- Beta vs S&P 500 (lower is better)Top 30%
- Net debt / EBITDA (lower is better)Bottom 20%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 6.1% | 10.5% | ↑ |
| EPS growth (YoY) | 8.9% | 13.3% | ↑ |
| Gross margin | 98.9% | 94.3% | ↓ |
| Operating margin | 23.4% | 49.7% | ↑ |
| FCF margin | 14.2% | 8.9% | ↓ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 10.5% | 6.1% | ↑ | Top 38% |
| EPS growth (TTM, YoY) | 13.3% | 8.9% | ↑ | Top 47% |
| Gross margin | 94.3% | 98.9% | ↓ | Top 3% |
| Operating margin | 49.7% | 23.4% | ↑ | Top 17% |
| Net margin | 28.1% | 27.4% | ↑ | — |
| Free-cash-flow margin | 8.9% | 14.2% | ↓ | — |
| Return on invested capital | 2.7% | — | Bottom 35% | |
| Revenue growth, 3-year CAGR | 12.6% | — | Top 22% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 0.32×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- 1.1%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 0.7%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- +154.7 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- 13.71×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 1.0×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 4.41%
- Net buyback yield (TTM)
- 1.86%
- Shareholder yield
- 6.27%
- Share count change, 1 year
- -0.3%
- Share count change, 3-year CAGR
- +3.8%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Jun 30, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 1
- Beats in the last 8 reports
- 3 of 8
- Average EPS surprise, last 4
- -0.9%
- Average 2-day reaction, last 8
- -0.5%
- Positive 20 days after report
- 2 of 8
Analysts
- Consensus price target
- $16.00
- Target vs current price
- +32.7%
- Analysts with a rating
- 17
- Share rating Buy or Strong Buy
- 41%
- Consensus rating
- Buy
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Jul 30, 2026 | +0.9% | -3.1% | -1.0% | -6.1% | — |
| Apr 30, 2026 | -7.0% | +1.3% | -4.6% | -4.2% | +5.4% |
| Feb 11, 2026 | +0.0% | -2.7% | +1.1% | -4.0% | -0.3% |
| Nov 5, 2025 | +2.5% | -0.6% | -5.0% | -5.5% | -2.1% |
| Aug 5, 2025 | +0.0% | +0.7% | -1.0% | +13.0% | +10.5% |
| May 6, 2025 | +2.3% | -1.5% | +0.4% | -4.3% | -10.2% |
| Feb 5, 2025 | +0.0% | +0.0% | +5.7% | +13.1% | -5.2% |
| Oct 28, 2024 | +0.0% | +2.2% | -10.0% | -9.6% | -29.6% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Jul 30, 2026 | $0.42 | $0.42 | +0.9% | $114.6M |
| Apr 30, 2026 | $0.40 | $0.43 | -7.0% | $110.9M |
| Feb 11, 2026 | $0.42 | $0.42 | +0.0% | $97.9M |
| Nov 5, 2025 | $0.41 | $0.40 | +2.5% | $96.2M |
| Aug 5, 2025 | $0.39 | $0.39 | +0.0% | $93.8M |
| May 6, 2025 | $0.44 | $0.43 | +2.3% | $97.7M |
| Feb 5, 2025 | $0.36 | $0.36 | +0.0% | $91.9M |
| Oct 28, 2024 | $0.37 | $0.37 | +0.0% | $90.7M |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 7.4× | 19.2× | 0th | Top 8% |
| P/E (forward) | 7.5× | — | — | — |
| EV / EBITDA | 16.3× | — | — | Bottom 46% |
| EV / Sales | 13.31× | — | — | Bottom 22% |
| Free-cash-flow yield | 4.28% | — | — | Bottom 43% |
| Earnings yield | 13.43% | — | — | Top 8% |
P/E over the past five years
Range 8.5× – 73.3× since Jun 30, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
What moved the stock over the past year
- Price return, 1 year
- -22.7%
- Earnings per share growth (TTM)
- +13.3%
- Change in P/E multiple
- -10.9%
Most of the move came from earnings growth.
Technical state
Trend checklist
- ✗ Price above 20-day average
- ✗ Price above 50-day average
- ✗ Price above 200-day average
- ✗ 50-day average above 200-day
- ✗ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 0
- 50-day average slope (20 days)
- -7.6%
- 200-day average slope (20 days)
- -0.2%
- Distance from 50-day average
- -18.0%
- Distance from 200-day average
- -19.3%
- RSI (14)
- 24.4
- Relative volume
- 1.29×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 29.9%
- Volatility vs own 5-year history
- 10th percentile · Low for this stock
- Beta vs S&P 500 (2 years, weekly)
- 0.42
- Correlation with S&P 500
- 0.17
- Current drawdown from 1-year high
- -29.8%
- Maximum drawdown, 3 years
- -57.7%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Aug 5, 2021 | Sep 30, 2026 | -87.5% | 1293 days | Not yet recovered |
| Feb 16, 2021 | Apr 23, 2021 | -20.7% | 47 days | 60 days (Jul 20, 2021) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $863.6M
- P/E (TTM)
- 7.4
- EPS, diluted (TTM)
- $1.62
- Revenue (TTM)
- $413.4M
- Dividend yield
- 5.87%
- 52-week range
- $11.60 – $17.45
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $187.0M | $270.3M | $352.6M | $365.7M | $385.6M |
| Gross profit | $184.4M | $267.2M | $347.9M | $361.5M | $363.7M |
| Operating income | $65.5M | $135.6M | -$77.1M | $87.1M | $307.6M |
| Net income | $73.1M | $135.4M | -$55.0M | $105.8M | $114.5M |
| EPS (diluted) | $1.32 | $2.17 | -$0.82 | $1.48 | $1.59 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $90.7M | $91.9M | $97.7M | $93.8M | $96.2M | $97.9M | $104.7M | $114.6M |
| Net income | $19.3M | $26.0M | $29.4M | $27.9M | $29.3M | $27.9M | $28.9M | $30.2M |
| EPS (diluted) | $0.27 | $0.36 | $0.41 | $0.39 | $0.41 | $0.39 | $0.40 | $0.42 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | $26.9M | $64.9M | $15.4M | $37.9M | $47.8M |
| Capital expenditure | -$1.25B | $0 | $0 | $0 | $0 |
| Free cash flow | -$1.22B | $64.9M | $15.4M | $37.9M | $47.8M |
| Dividends paid | -$35.9M | -$42.2M | -$46.0M | -$50.6M | -$50.9M |
| Net share buybacks | $243.3M | $309.2M | $151.9M | -$5.1M | $0 |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $15.9M
- Total assets
- $7.52B
- Total liabilities
- $4.89B
- Total debt
- $4.65B
- Net debt
- $4.64B
- Shareholders’ equity
- $2.44B
As of Jun 30, 2026 (filed Jun 30, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Sep 30, 2026 | $0.18 | Oct 15, 2026 |
| Jun 30, 2026 | $0.18 | Jul 15, 2026 |
| Mar 31, 2026 | $0.18 | Apr 15, 2026 |
| Dec 30, 2025 | $0.18 | Jan 15, 2026 |
| Sep 30, 2025 | $0.18 | Oct 15, 2025 |
| Jun 30, 2025 | $0.18 | Jul 15, 2025 |
| Mar 31, 2025 | $0.18 | Apr 15, 2025 |
| Dec 30, 2024 | $0.18 | Jan 15, 2025 |
Short interest
- Shares sold short
- 3,508,446
- Days to cover
- 9.59
- Change vs previous report
- +3.2%
FINRA short interest, settlement date Sep 15, 2026.
Stock splits
- Mar 31, 2023
- 4-for-25
- Nov 30, 2022
- 321-for-250
- Jun 19, 1998
- 1-for-6