Is Safehold (SAFE) overvalued or fairly valued?

MarketChacha shows Safehold's valuation in context — a trailing P/E of about 6.9, a forward P/E of about 6.7, a price-to-book of about 0.3 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

What is Safehold's revenue?

Safehold reported revenue of $385.6M for FY2025, with net profit of $114.5M, per official filings.

What is the share price of Safehold (SAFE)?

Safehold last traded at $11.23 (+1.3% on the day), as of 10/20/2026 — a delayed quote shown for education, not investment advice.

Safehold

SAFE · NYSE · Real Estate · United States

Snapshot

TickerSAFE

ExchangeNYSE

SectorReal Estate

IndustryREIT - Diversified

CountryUnited States

Employees72

HeadquartersNew York, United States

Websitewww.safeholdinc.com

Filings tracked23

About Safehold

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 and is based in New York, United States.

Who owns it

Insiders22.9%
Institutions76.2%
Public & other0.9%

323 institutional holders

Ownership breakdown from public market data.

Top holders

Blackrock Inc.14.03%
MSD Capital, L.P.8.17%
Vanguard Portfolio Management LLC7.20%
T. Rowe Price Investment Management, Inc.6.61%
State Street Corporation3.67%
Vanguard Capital Management LLC3.25%
Geode Capital Management, LLC2.08%
Ameriprise Financial, Inc.1.62%

Largest institutional holders — last updated 6/30/2026.

Forensic scorecard

Over 3 years only 0.61× of reported profit became operating cash — the classic sign that headline earnings may be running ahead of the cash actually generated. Often explained by working capital funding growth; worth a closer look.

Cash conversion0.61×

Net margin trend-15.6% → 29.7%

Margin has expanded by about 45.3 points — the business is getting more profitable.

Return on equity4.8%

Latest ROE of 4.8% is on the low side — the business earns a modest return on shareholder capital.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $112.4M · EPS 0.37

Est. earnings growth -12.9%

Next fiscal year

Rev $474.1M · EPS 1.67

Est. earnings growth +3.1%

Analyst consensus estimates — not the company's own guidance.

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P/E ROE ROCE Margins Market cap

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Revenue (FY2025)

$385.6M

Net margin

29.7%

ROE

4.8%

Revenue CAGR (2y)

+4.6%

EPS (FY2025)

1.59

Net profit (FY2025)

$114.5M

Ask MarketChacha about SAFE

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Financials

Yearly

Period	Revenue	Net profit	EPS	Net margin	ROE
FY2025	$385.6M	$114.5M	1.59	29.7%	4.8%
FY2024	$365.7M	$105.8M	1.48	28.9%	4.5%
FY2023	$352.6M	$-55.0M	-0.82	-15.6%	-2.5%

Quarterly

Period	Revenue	Net profit	EPS	Net margin
2026Q2	$114.6M	$30.2M	0.42	26.3%
2026Q1	$110.9M	$28.9M	0.40	26.0%
2025Q3	$96.2M	$29.3M	0.41	30.5%
2025Q2	$93.8M	$27.9M	0.39	29.8%
2025Q1	$97.7M	$29.4M	0.41	30.1%
2024Q3	$90.7M	$19.3M	0.27	21.3%
2024Q2	$89.9M	$29.7M	0.42	33.0%
2024Q1	$93.2M	$30.7M	0.43	33.0%
2023Q3	$85.6M	$-123.0M	-1.81	-143.7%
2023Q2	$85.7M	$22.1M	0.35	25.8%
2023Q1	$78.3M	$4.7M	0.07	6.0%

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

8-K — Other events
SEC8/3/2026material
10-Q filing
SEC7/31/2026
8-K — Results of operations, Reg FD disclosure, Exhibits
SEC7/30/2026material
8-K — Other events, Exhibits
SEC7/30/2026material
8-K — Other events, Exhibits
SEC6/16/2026material
8-K — Other events
SEC6/12/2026material
8-K — Executive/director change, Shareholder vote results, Exhibits
SEC5/15/2026material
10-Q filing
SEC5/1/2026
8-K — Results of operations, Reg FD disclosure, Exhibits
SEC4/30/2026material
8-K — Other events, Exhibits
SEC4/30/2026material
8-K — Other events, Exhibits
SEC3/25/2026material
10-K filing
SEC2/12/2026
8-K — Results of operations, Reg FD disclosure, Exhibits
SEC2/11/2026material
8-K — Other events, Exhibits
SEC2/11/2026material

2025

8-K — Material agreement, Material financial obligation, Exhibits
SEC12/5/2025material
8-K — Executive/director change, Reg FD disclosure, Exhibits
SEC12/1/2025material
8-K — Material agreement, Material financial obligation, Reg FD disclosure, Exhibits
SEC11/26/2025material
10-Q filing
SEC11/6/2025
8-K — Results of operations, Reg FD disclosure, Exhibits
SEC11/5/2025material
8-K — Other events, Exhibits
SEC11/5/2025material
10-Q filing
SEC8/6/2025
8-K — Results of operations, Reg FD disclosure, Exhibits
SEC8/5/2025material
8-K — Other events, Exhibits
SEC8/5/2025material

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.