Safehold（SAFE）株式概要
セーフホールド社は、所有者が建物の地下にある土地の価値を解き放つ新しい優れた方法を提供することで、不動産所有に革命を起こしている。 詳細
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Analyst Price Targets
Safehold Inc. 競合他社
価格と性能
| 過去の株価 | |
|---|---|
| 現在の株価 | US$14.69 |
| 52週高値 | US$17.16 |
| 52週安値 | US$12.76 |
| ベータ | 1.89 |
| 1ヶ月の変化 | -8.13% |
| 3ヶ月変化 | -10.10% |
| 1年変化 | -2.39% |
| 3年間の変化 | -41.50% |
| 5年間の変化 | -79.41% |
| IPOからの変化 | -22.68% |
最新ニュース
Seeking Alpha • May 08
Safehold: Return-Free-Risk Comes To Haunt Investors
Summary Safehold (SAFE) reported a 13% revenue increase in Q1-2026, but earnings per share declined year over year. EPS deterioration was driven by SAFE taking over two hotel assets, where expenses outpaced revenues. Ground lease defaults, though rare, can materially impact SAFE due to its weak cash flow profile. Despite trading opportunities, SAFE remains disappointing for buy-and-hold investors since August 2021. Read the full article on Seeking Alpha
ナラティブの更新 • May 06
SAFE: Affordable Housing Ground Leases And Buybacks Will Support Future Upside
Analysts have trimmed their price target on Safehold slightly from $28.00 to about $27.91, reflecting updated assumptions for discount rate, revenue growth, profit margin, and future P/E that result in a marginally lower fair value estimate. What's in the News From January 1, 2026 to May 1, 2026, Safehold repurchased 436,328 shares, representing 0.61% of its stock for US$7 million under the buyback announced on February 5, 2025 (Key Developments).ナラティブの更新 • Apr 18
SAFE: Affordable Housing Ground Leases Will Drive Long-Term Upside
Analysts have reaffirmed a $28.00 price target for Safehold, citing slightly adjusted expectations for revenue growth, profit margins, and forward P/E as the basis for this unchanged view. What's in the News Safehold closed on a ground lease for an Affordable Housing community development in Southeast Austin, Texas, planned to deliver 348 units in 2028 and developed by The NRP Group (Key Developments).Recent updates
Seeking Alpha • May 08
Safehold: Return-Free-Risk Comes To Haunt Investors
Summary Safehold (SAFE) reported a 13% revenue increase in Q1-2026, but earnings per share declined year over year. EPS deterioration was driven by SAFE taking over two hotel assets, where expenses outpaced revenues. Ground lease defaults, though rare, can materially impact SAFE due to its weak cash flow profile. Despite trading opportunities, SAFE remains disappointing for buy-and-hold investors since August 2021. Read the full article on Seeking Alphaナラティブの更新 • May 06
SAFE: Affordable Housing Ground Leases And Buybacks Will Support Future Upside
Analysts have trimmed their price target on Safehold slightly from $28.00 to about $27.91, reflecting updated assumptions for discount rate, revenue growth, profit margin, and future P/E that result in a marginally lower fair value estimate. What's in the News From January 1, 2026 to May 1, 2026, Safehold repurchased 436,328 shares, representing 0.61% of its stock for US$7 million under the buyback announced on February 5, 2025 (Key Developments).ナラティブの更新 • Apr 18
SAFE: Affordable Housing Ground Leases Will Drive Long-Term Upside
Analysts have reaffirmed a $28.00 price target for Safehold, citing slightly adjusted expectations for revenue growth, profit margins, and forward P/E as the basis for this unchanged view. What's in the News Safehold closed on a ground lease for an Affordable Housing community development in Southeast Austin, Texas, planned to deliver 348 units in 2028 and developed by The NRP Group (Key Developments).
ナラティブの更新 • Apr 04
SAFE: Affordable Housing Ground Leases Will Drive Outperformance Through Austin And Los Angeles
Analysts now see slightly higher upside for Safehold, nudging their price target from about $20.00 to roughly $20.09. This reflects fine tuned assumptions on fair value and future P/E, without major shifts in growth or margin expectations.ナラティブの更新 • Mar 21
SAFE: Affordable Housing Ground Leases Will Support Long-Term Upside
Analysts have revised their $28.00 price target on Safehold, reflecting updated assumptions for revenue growth, profit margins, and a higher future P/E multiple. They have also applied a slightly lower discount rate to their cash flow outlook.ナラティブの更新 • Mar 07
SAFE: Affordable Housing Ground Leases Will Drive Outperformance Through 2028
Analysts have adjusted their price target on Safehold to $20.00, reflecting updated assumptions around slightly lower revenue growth, a modestly narrower profit margin, and a higher future P/E multiple. What's in the News From October 1, 2025 to December 31, 2025, Safehold reported no share repurchases under its buyback program, with 0 shares repurchased for $0 million, and the company stated that the buyback announced on February 5, 2025 is now complete (Key Developments).
ナラティブの更新 • Feb 21
SAFE: Affordable Housing Ground Leases Will Signal Cautious Outlook
Analysts have reaffirmed a $14.00 price target for Safehold, citing slightly lower assumed revenue growth, a small improvement in profit margin, and a modestly reduced discount rate that together leave their overall valuation view essentially unchanged. What's in the News From October 1, 2025 to December 31, 2025, Safehold reported no share repurchases under its buyback program, with 0 shares repurchased for $0 million, and stated that this completed the repurchase activity under the buyback announced on February 5, 2025 (Key Developments).ナラティブの更新 • Feb 06
SAFE: Affordable Housing Ground Lease Expansion Will Drive Outperformance By 2027
Analysts have trimmed their price target on Safehold to about US$19.64 from roughly US$20.27. This reflects adjustments to their fair value work that now uses a slightly lower discount rate, modestly higher revenue growth and profit margin assumptions, and a somewhat lower future P/E multiple.ナラティブの更新 • Jan 23
SAFE: Affordable Housing Ground Leases Will Shape Balanced Outlook
Analysts have trimmed their price target for Safehold from US$16.00 to US$14.00, citing updated assumptions that include a 12.5% discount rate, revenue growth of about 3.72%, a profit margin near 30.74% and a future P/E of roughly 10.49x. What's in the News Closed a ground lease for an Affordable Housing community in Woodland Hills, Los Angeles, targeting 207 units by 2028.ナラティブの更新 • Jan 09
SAFE: Affordable Housing Expansion In Los Angeles Will Drive Long-Term Upside
Analysts have trimmed their price target on Safehold to US$28.00, citing updated assumptions that reflect slightly higher revenue growth and profit margin expectations, along with a lower future P/E multiple. What's in the News Safehold closed a ground lease for an Affordable Housing community in Woodland Hills, Los Angeles, targeting 207 units scheduled for delivery in 2028, in partnership with Meta Housing, an Affordable Housing developer based in Los Angeles (Key Developments).ナラティブの更新 • Dec 15
SAFE: Affordable Housing Ground Leases Will Support Positive Long-Term Upside
Analysts have modestly raised their price target on Safehold to $28.00, citing a slightly higher assumed future earnings multiple that more than offsets marginally softer long term growth and profitability expectations. What's in the News Safehold reports that, between July 1 and September 30, 2025, it repurchased 0 shares for $0 million, completing a previously announced buyback program without execution (Key Developments).ナラティブの更新 • Nov 30
SAFE: Expanding Los Angeles Housing Will Drive Outperformance By 2027
Analysts have modestly raised their price target for Safehold from $20.00 to $20.27. This change reflects increased revenue growth expectations, even though there is a slightly lower profit margin outlook.ナラティブの更新 • Nov 16
SAFE: Revenue Slowdown Will Be Offset By Expanding Affordable Housing Portfolio
Analysts have lowered their price target for Safehold from $20.64 to $20.00, citing a slowdown in expected revenue growth. This change in expectations outweighs improvements in profit margin and valuation metrics.ナラティブの更新 • Nov 01
SAFE: Ground Lease Expansion Will Drive Affordable Housing Delivery By 2029
Analysts have maintained their price target for Safehold at $20.64 per share. This reflects stable expectations based on unchanged fundamentals and updated forecasts.ナラティブの更新 • Oct 17
Ground Lease Adoption Will Expand Multifamily Housing Options
Analysts have slightly reduced their price target for Safehold, lowering it by $0.05 per share. This adjustment is due to modestly slower projected revenue growth and a marginal dip in profit margin expectations.ナラティブの更新 • Oct 03
Ground Lease Adoption Will Expand Multifamily Housing Options
Analysts have lowered their price target for Safehold from $21.40 to $20.64 per share, citing modest increases in projected revenue growth and profit margins, along with a reduced future price-to-earnings multiple. What's in the News Safehold Inc.
新しいナラティブ • Feb 13
Expanding Into Affordable Multifamily Sector Will Unlock New Opportunities
Safehold's expansion into the Multifamily market's affordable sector aims to boost revenue with stable cash flows and high occupancy rates.Seeking Alpha • Feb 03
Safehold & Star Holdings: The Cookie At The End Of The Rainbow
Summary SAFE's bubble was evident due to three easy to see problems. Treasuries were an obvious bubble as well. Both bubbles have come undone. We tell you why we are buying Treasuries, but not SAFE. Read the full article on Seeking AlphaSeeking Alpha • Jan 15
Safehold Vs. Treasuries
Summary Safehold's stock price is highly correlated with the 30-year Treasury bond rate. SAFE's business model involves secure, long-term ground leases, often compared to long-term bonds, providing stable cash flows and high credit ratings. SAFE is a leveraged play on long-term interest rates; its price movements are largely driven by changes in Treasury rates, not operational factors. Read the full article on Seeking AlphaSeeking Alpha • Nov 04
Safehold: Time To Cover This High-Beta Bond Proxy
Summary We had initiated a short position in Safehold as part of a paired trade. We closed that one out. We go over the rationale behind that and explain why the REIT still remains a poor choice for a long term investment. Read the full article on Seeking AlphaSeeking Alpha • Sep 23
Safehold To Star Holdings: A Paired Trade
Summary Star Holdings' primary asset is its stake in Safehold Inc. The unwinding of its secondary assets should likely be done in another two and a half years. Star Holdings likely doubles if Safehold stays static at the current price. Alternatively, Safehold needs to fall by 50% to justify the current price for Star Holdings. Read the full article on Seeking AlphaSeeking Alpha • Jul 15
Safehold: Two Requirements To Make It To $30
Summary We had previously suggested that Safehold would make it over the $20 mark. The recent rally has accomplished that, and the bulls are licking their chops ahead of the expected rate cuts. We go over the recent results and tell you what needs to happen to see $30. Read the full article on Seeking AlphaSeeking Alpha • Apr 26
Are The 6.6% Yielding A Rated Bonds A Safehold?
Summary In our previous coverage we had suggested that Safehold bonds were a better bet than the common shares. That thesis has played out quite well over time, despite the pressures of rising interest rates. We look at the latest bonds from Safehold, which sport the highest yield in its stack. Read the full article on Seeking AlphaSeeking Alpha • Feb 14
After Q4 Results And Share Price Drop, Safehold Is Still A Buy
Summary Safehold's stock performance has not met my expectations in 2024, with losses of over 11% to date. The market repricing its expectations on interest rate cuts has been the key driver behind this drop. Despite this, Q4 2023 results show that Safehold continues to deliver stable financial performance and has strengthened its risk profile. In this article, I review Q4 2023 results and outline my stance on the buy thesis for SAFE. Read the full article on Seeking AlphaSeeking Alpha • Jan 23
Safehold: All Eyes On Yields
Summary Safehold's business model generates a very steady cash flow. But the valuation is very sensitive to interest rates, despite virtually all debt fixed-rate. I share my outlook for the REIT. Read the full article on Seeking AlphaSeeking Alpha • Dec 12
Safehold: Greatly Positioned For An Outperformance (Rating Upgrade)
Summary Safehold has seen strong performance, outperforming the broader REIT market with a 24.8% total return. Q3 2023 results showed stable operating results and minor investment activity, indicating an unchanged situation in the market. Over the quarter, Safehold achieved an upper investment-grade credit rating from Moody's and made notable steps in deleveraging its balance sheet. Despite the recent run-up in the share price, SAFE is still ~68% below its peak when the Fed started to increase rates. Once the Company has improved its capital structure even further and the interest rates seem to assume a declining trajectory, SAFE has become an even more attractive investment. Read the full article on Seeking AlphaSeeking Alpha • Nov 15
Take A Bite Of Star Holdings If You Are Bullish On Safehold
Summary Star Holdings is a spin-off company from iStar Financial, focusing on the development and disposal of real estate assets. STHO has $300 million in real estate assets that could potentially offset expenses and pay off debt obligations. We look at the valuation in relation to Safehold shares and the risks of a margin call liquidation. Read the full article on Seeking AlphaSeeking Alpha • Nov 07
Safehold: A Billionaire's Bet On Ground Leases
Summary Safehold is a ground lease REIT that has experienced significant growth in recent years. The company has faced challenges in 2023 due to financing costs and interest rate changes. Despite these challenges, Safehold remains financially stable with a strong credit rating and ample liquidity. Read the full article on Seeking AlphaSeeking Alpha • Oct 11
Safehold Is About To Be Clobbered By Interest Rates
Summary Safehold is facing difficulties due to poor timing, excessive management compensation, and aggressive accounting practices. The company is losing cash as a significant portion of their rent is non-cash GAAP straight line rent, while interest expense has increased. Safehold is unable to raise rents significantly due to long-term rental contracts, leading to negative cash flow. Read the full article on Seeking AlphaSeeking Alpha • Sep 26
Safehold: Playing The Duration Risk Via A REIT Vehicle
Summary Safehold is a unique ground lease REIT with a market cap of $1.2 billion. The high interest rate environment has increased demand for Safehold's offering, allowing customers to reduce expensive upfront CapEx and distribute it over a long-term lease. Safehold's business operations provide reliable and predictable cash flows, supported by long-term ground leases and a robust capital structure. Currently, Safehold trades below its IPO price despite significantly stronger cash generations and a more diversified portfolio. The decrease is explained by the duration risk. Safe is poised to significantly outperform its peers in an environment where we will be experiencing a gradual reduction of the interest rates. Read the full article on Seeking Alpha株主還元
| SAFE | US Specialized REITs | US 市場 | |
|---|---|---|---|
| 7D | 3.3% | 2.3% | 1.2% |
| 1Y | -2.4% | 4.6% | 28.7% |
業界別リターン: SAFE過去 1 年間で4.6 % の収益を上げたUS Specialized REITs業界を下回りました。
リターン対市場: SAFEは、過去 1 年間で28.7 % のリターンを上げたUS市場を下回りました。
価格変動
| SAFE volatility | |
|---|---|
| SAFE Average Weekly Movement | 4.6% |
| Specialized REITs Industry Average Movement | 3.7% |
| Market Average Movement | 7.2% |
| 10% most volatile stocks in US Market | 16.4% |
| 10% least volatile stocks in US Market | 3.1% |
安定した株価: SAFE 、 US市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。
時間の経過による変動: SAFEの 週次ボラティリティ ( 5% ) は過去 1 年間安定しています。
会社概要
| 設立 | 従業員 | CEO（最高経営責任者 | ウェブサイト |
|---|---|---|---|
| 2016 | 72 | Jay Sugarman | www.safeholdinc.com |
セーフホールド社は、所有者が建物の地下にある土地の価値を解き放つ新しい優れた方法を提供することで、不動産所有に革命を起こしている。2017年に現代のグランドリース業界を創造したセーフホールド社は、質の高い集合住宅、手頃な価格の住宅、オフィス、産業、ホスピタリティ、学生寮、ライフサイエンス、複合施設のオーナーが、より少ないリスクでより高いリターンを得られるよう支援し続けている。不動産投資信託（REIT）として課税される当社は、株主に安全で成長する収入と長期的な資本増価を提供することを目指している。セーフホールド社は2016年に法人化され、米国ニューヨークに本社を置いている。
Safehold Inc. 基礎のまとめ
| SAFE 基礎統計学 | |
|---|---|
| 時価総額 | US$1.05b |
| 収益（TTM） | US$113.97m |
| 売上高(TTM) | US$416.66m |
9.2x
PER（株価収益率2.5x
P/SレシオSAFE は割高か？
公正価値と評価分析を参照収益と収入
| SAFE 損益計算書（TTM） | |
|---|---|
| 収益 | US$416.66m |
| 売上原価 | US$17.11m |
| 売上総利益 | US$399.55m |
| その他の費用 | US$285.59m |
| 収益 | US$113.97m |
直近の収益報告
Mar 31, 2026
次回決算日
該当なし
| 一株当たり利益（EPS） | 1.59 |
| グロス・マージン | 95.89% |
| 純利益率 | 27.35% |
| 有利子負債／自己資本比率 | 190.8% |
SAFE の長期的なパフォーマンスは？
過去の実績と比較を見る配当金
4.8%
現在の配当利回り168%
配当性向企業分析と財務データの現状
| データ | 最終更新日（UTC時間） |
|---|---|
| 企業分析 | 2026/05/26 21:57 |
| 終値 | 2026/05/26 00:00 |
| 収益 | 2026/03/31 |
| 年間収益 | 2025/12/31 |
データソース
企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。
| パッケージ | データ | タイムフレーム | 米国ソース例 |
|---|---|---|---|
| 会社財務 | 10年 |
| |
| アナリストのコンセンサス予想 | +プラス3年 |
|
|
| 市場価格 | 30年 |
| |
| 所有権 | 10年 |
| |
| マネジメント | 10年 |
| |
| 主な進展 | 10年 |
|
* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。
特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。
分析モデルとスノーフレーク
本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。
シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。
業界およびセクターの指標
私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。
アナリスト筋
Safehold Inc. 8 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。15
| アナリスト | 機関 |
|---|---|
| Nathan Crossett | Berenberg |
| Nathan Crossett | BNP Paribas |
| Derek Hewett | BofA Global Research |