Safehold Inc. (NYSE: SAFE) is revolutionizing real estate ownership by providing a new and better way for owners to unlock the value of the land beneath their buildings.
Solid track record with reasonable growth potential.
Share Price & News
How has Safehold's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: SAFE's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: SAFE exceeded the US REITs industry which returned -8.1% over the past year.
Return vs Market: SAFE exceeded the US Market which returned 16.3% over the past year.
Price Volatility Vs. Market
How volatile is Safehold's share price compared to the market and industry in the last 5 years?
Simply Wall St News
4 weeks ago | Simply Wall StHave Insiders Been Buying Safehold Inc. (NYSE:SAFE) Shares?
1 month ago | Simply Wall StBased On Its ROE, Is Safehold Inc. (NYSE:SAFE) A High Quality Stock?
4 months ago | Simply Wall StHave Insiders Been Buying Safehold Inc. (NYSE:SAFE) Shares?
Is Safehold undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: SAFE ($51.07) is trading above our estimate of fair value ($33.64)
Significantly Below Fair Value: SAFE is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: SAFE is poor value based on its PE Ratio (49.3x) compared to the US REITs industry average (35.4x).
PE vs Market: SAFE is poor value based on its PE Ratio (49.3x) compared to the US market (18.9x).
Price to Earnings Growth Ratio
PEG Ratio: SAFE is poor value based on its PEG Ratio (2.2x)
Price to Book Ratio
PB vs Industry: SAFE is overvalued based on its PB Ratio (2.1x) compared to the US REITs industry average (1.5x).
How is Safehold forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SAFE's forecast earnings growth (22.9% per year) is above the savings rate (2.2%).
Earnings vs Market: SAFE's earnings (22.9% per year) are forecast to grow slower than the US market (23.1% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: SAFE's revenue (21.8% per year) is forecast to grow faster than the US market (9.4% per year).
High Growth Revenue: SAFE's revenue (21.8% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: SAFE's Return on Equity is forecast to be low in 3 years time (5.5%).
How has Safehold performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SAFE has high quality earnings.
Growing Profit Margin: SAFE's current net profit margins (35.5%) are higher than last year (25.7%).
Past Earnings Growth Analysis
Earnings Trend: SAFE's earnings have grown significantly by 57.5% per year over the past 5 years.
Accelerating Growth: SAFE's earnings growth over the past year (165.3%) exceeds its 5-year average (57.5% per year).
Earnings vs Industry: SAFE earnings growth over the past year (165.3%) exceeded the REITs industry 2.1%.
Return on Equity
High ROE: SAFE's Return on Equity (3.8%) is considered low.
How is Safehold's financial position?
Financial Position Analysis
Short Term Liabilities: SAFE's short term assets ($1.7B) exceed its short term liabilities ($30.2M).
Long Term Liabilities: SAFE's short term assets ($1.7B) exceed its long term liabilities ($1.6B).
Debt to Equity History and Analysis
Debt Level: SAFE's debt to equity ratio (121%) is considered high.
Reducing Debt: Insufficient data to determine if SAFE's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: SAFE's debt is not well covered by operating cash flow (1.2%).
Interest Coverage: SAFE's interest payments on its debt are not well covered by EBIT (2x coverage).
What is Safehold current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: SAFE's dividend (1.27%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.62%).
High Dividend: SAFE's dividend (1.27%) is low compared to the top 25% of dividend payers in the US market (4.35%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, SAFE has been paying a dividend for less than 10 years.
Growing Dividend: SAFE's dividend payments have increased, but the company has only paid a dividend for 3 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (127.1%), SAFE's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: SAFE's dividends in 3 years are forecast to be well covered by earnings (34.6% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Jay Sugarman (57 yo)
Mr. Jay S. Sugarman has been the Executive Chairman of the Board and Chief Executive Officer of iStar Inc. since founded in 1997. Mr. Sugarman serves as Chief Executive Officer of iStar Marlin LLC. He has ...
|CEO & Chairman||3.83yrs||no data||0.22% |
|President & Chief Investment Officer||2.08yrs||no data||0.051% |
|Chief Financial Officer||0.42yr||no data||no data|
|Chief Accounting Officer||no data||no data||no data|
|Senior Vice President of Investor Relations||no data||no data||no data|
|Chief Legal Officer||1.42yrs||no data||no data|
|Senior Vice President of Ground Lease Investments||1.92yrs||no data||no data|
|Executive VP & Co-Head of Investments||no data||no data||no data|
|Executive VP||no data||no data||no data|
|Executive VP & Head of Capital Markets||0.58yr||no data||no data|
|General Counsel & Corporate Secretary||no data||no data||no data|
Experienced Management: SAFE's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.
|CEO & Chairman||3.83yrs||no data||0.22% |
|Independent Director||3.33yrs||US$271.90k||no data|
|Independent Director||3.17yrs||US$271.90k||0.099% |
|Lead Independent Director||3.17yrs||US$271.90k||0.089% |
Experienced Board: SAFE's board of directors are considered experienced (3.2 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 27.8%.
Safehold Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Safehold Inc.
- Ticker: SAFE
- Exchange: NYSE
- Founded: 2016
- Industry: Specialized REITs
- Sector: Real Estate
- Market Cap: US$2.610b
- Shares outstanding: 51.11m
- Website: https://www.safeholdinc.com
- Safehold Inc.
- 1114 Avenue of the Americas
- 39th Floor
- New York
- New York
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|SAFE||NYSE (New York Stock Exchange)||Yes||Common Stock||US||USD||Jun 2017|
|2T3||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Jun 2017|
Safehold Inc. (NYSE: SAFE) is revolutionizing real estate ownership by providing a new and better way for owners to unlock the value of the land beneath their buildings. Through its modern ground lease cap ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/08/10 01:01|
|End of Day Share Price||2020/08/07 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.