Safehold 경영진
경영진 기준 점검 3/4
Safehold CEO는 Jay Sugarman, Oct2016 에 임명되었습니다 의 임기는 9.58 년입니다. 총 연간 보상은 $2.63M, 22.8% 급여 및 77.2% 보너스(회사 주식 및 옵션 포함)로 구성됩니다. 는 $30.90M 가치에 해당하는 회사 주식의 2.94% 직접 소유합니다. 경영진과 이사회의 평균 재임 기간은 3.3 년과 8.9 년입니다.
핵심 정보
Jay Sugarman
최고경영자
US$2.6m
총 보수
| CEO 급여 비율 | 22.84% |
| CEO 재임 기간 | 9.6yrs |
| CEO 지분 보유율 | 2.9% |
| 경영진 평균 재임 기간 | 3.3yrs |
| 이사회 평균 재임 기간 | 8.9yrs |
최근 경영진 업데이트
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
내러티브 업데이트 • 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).내러티브 업데이트 • 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).
내러티브 업데이트 • 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.내러티브 업데이트 • 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.내러티브 업데이트 • 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).
내러티브 업데이트 • 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).내러티브 업데이트 • 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.내러티브 업데이트 • 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.내러티브 업데이트 • 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).내러티브 업데이트 • 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).내러티브 업데이트 • 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.내러티브 업데이트 • 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.내러티브 업데이트 • 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.내러티브 업데이트 • 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.내러티브 업데이트 • 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.
새로운 내러티브 • 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 AlphaCEO 보수 분석
| 날짜 | 총 보수 | 급여 | 회사 수익 |
|---|---|---|---|
| Mar 31 2026 | n/a | n/a | US$114m |
| Dec 31 2025 | US$3m | US$600k | US$114m |
| Sep 30 2025 | n/a | n/a | US$113m |
| Jun 30 2025 | n/a | n/a | US$103m |
| Mar 31 2025 | n/a | n/a | US$104m |
| Dec 31 2024 | US$645k | US$600k | US$106m |
| Sep 30 2024 | n/a | n/a | US$121m |
| Jun 30 2024 | n/a | n/a | -US$21m |
| Mar 31 2024 | n/a | n/a | -US$29m |
| Dec 31 2023 | US$8m | US$600k | -US$55m |
| Sep 30 2023 | n/a | n/a | -US$74m |
| Jun 30 2023 | n/a | n/a | US$115m |
| Mar 31 2023 | n/a | n/a | US$115m |
| Dec 31 2022 | US$693k | US$600k | US$135m |
| Sep 30 2022 | n/a | n/a | US$135m |
| Jun 30 2022 | n/a | n/a | US$89m |
| Mar 31 2022 | n/a | n/a | US$81m |
| Dec 31 2021 | US$2m | US$600k | US$73m |
| Sep 30 2021 | n/a | n/a | US$67m |
| Jun 30 2021 | n/a | n/a | US$61m |
| Mar 31 2021 | n/a | n/a | US$59m |
| Dec 31 2020 | US$936k | US$600k | US$59m |
보상 대 시장: Jay의 총 보수(USD2.63M)는 US 시장에서 비슷한 규모 기업의 평균(USD3.73M)보다 낮습니다.
보상과 수익: Jay의 보상은 지난 1년 동안 20% 이상 증가했습니다.
CEO
Jay Sugarman (62 yo)
9.6yrs
재임 기간
US$2,627,089
보수
Mr. Jay S. Sugarman has been the Executive Chairman of the Board and Chief Executive Officer of iStar Inc. since founded in 1997. He serves as Chief Executive Officer at Star Holdings and serves as Chairma...
리더십 팀
| 이름 | 직위 | 재임 기간 | 보수 | 지분 |
|---|---|---|---|---|
| CEO & Chairman | 9.6yrs | US$2.63m | 2.94% $ 30.9m | |
| President | less than a year | US$10.87m | 데이터 없음 | |
| Chief Financial Officer | 4.3yrs | US$1.88m | 0.20% $ 2.1m | |
| Executive VP & Head of Investments | no data | 데이터 없음 | 데이터 없음 | |
| Chief Accounting Officer | less than a year | 데이터 없음 | 데이터 없음 | |
| Senior Vice President of Capital Markets & Investor Relations | 3.3yrs | 데이터 없음 | 데이터 없음 | |
| General Counsel | no data | 데이터 없음 | 데이터 없음 | |
| Chief People Officer | no data | 데이터 없음 | 데이터 없음 | |
| Executive VP & Head of Portfolio Management | no data | 데이터 없음 | 데이터 없음 | |
| Senior Vice President of Tax | no data | 데이터 없음 | 데이터 없음 | |
| Senior VP & Head of Business Solutions | no data | 데이터 없음 | 데이터 없음 | |
| Senior Vice President of CRE Transaction Services | no data | 데이터 없음 | 데이터 없음 |
3.3yrs
평균 재임 기간
41yo
평균 나이
경험이 풍부한 관리: SAFE의 경영진은 경험이 있음으로 간주됩니다(평균 재임 3.3 년).
이사회 구성원
| 이름 | 직위 | 재임 기간 | 보수 | 지분 |
|---|---|---|---|---|
| CEO & Chairman | 9.6yrs | US$2.63m | 2.94% $ 30.9m | |
| Independent Director | 15.3yrs | US$306.29k | 0.085% $ 896.2k | |
| Independent Director | 8.9yrs | US$325.53k | 0.23% $ 2.4m | |
| Independent Director | 8.9yrs | US$278.41k | 0.084% $ 876.6k | |
| Lead Independent Director | 8.9yrs | US$351.86k | 0.15% $ 1.5m |
8.9yrs
평균 재임 기간
62yo
평균 나이
경험이 풍부한 이사회: SAFE의 이사회는 경험이 있음으로 간주됩니다(평균 재임 8.9 년).
기업 분석 및 재무 데이터 상태
| 데이터 | 최종 업데이트 (UTC 시간) |
|---|---|
| 기업 분석 | 2026/05/21 10:32 |
| 종가 | 2026/05/21 00:00 |
| 수익 | 2026/03/31 |
| 연간 수익 | 2025/12/31 |
데이터 소스
당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.
| 패키지 | 데이터 | 기간 | 미국 소스 예시 * |
|---|---|---|---|
| 기업 재무제표 | 10년 |
| |
| 분석가 컨센서스 추정치 | +3년 |
|
|
| 시장 가격 | 30년 |
| |
| 지분 구조 | 10년 |
| |
| 경영진 | 10년 |
| |
| 주요 개발 | 10년 |
|
* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.
별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.
분석 모델 및 스노우플레이크
이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.
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산업 및 섹터 지표
산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.
분석가 소스
Safehold Inc.는 15명의 분석가가 다루고 있습니다. 이 중 8명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.
| 분석가 | 기관 |
|---|---|
| Nathan Crossett | Berenberg |
| Nathan Crossett | BNP Paribas |
| Derek Hewett | BofA Global Research |