Safehold Inc. SAFE
Safehold Inc. (NYSE: SAFE) is fundamentally transforming real estate ownership by offering property owners an innovative and superior method to extract the inherent value from the land supporting their structures. Through its modern ground lease financing solutions, Safehold empowers owners of premium multi-family, commercial, industrial, hospitality, and mixed-use assets located in key markets across the United States to achieve enhanced financial returns while concurrently mitigating risk. Operating as a Real Estate Investment Trust (REIT) and managed by its principal shareholder, iStar Inc., the company's objective is to deliver secure, progressively increasing income and sustainable long-term capital growth to its investors.
Business overview written from the company's own Form 10-K (Item 1), filed 2026-02-12 — refreshed whenever it files a new one. The figures above are current; see its SEC filings. ✓ From the 10-K
Plain-English: the Snapshot is the quick read — what it pays you (yield, dividend), how its cash flow looks (FFO/AFFO, Price/OCF) and how much debt it carries. Switch to Expert in the header to hide these explanations.
Snapshot
Yield uses the latest declared dividend, annualized (latest regular payout × frequency; special/liquidating distributions excluded) — an announced-but-not-yet-declared change isn't reflected until it has an ex-date. FFO, AFFO and Net debt / Adj. EBITDA are the company's reported figures from its latest earnings 8-K. Price/OCF and payout use GAAP operating cash flow. NAV premium and credit ratings have no free source yet. See Methodology.
$10,000 invested
Illustrative income only, at today's price and latest declared dividend — it excludes price changes, dividend cuts and taxes. Not a forecast.
Model SAFE yourself — any amount, shares, per-payment & a multi-year DRIP projection →
Balance sheet (latest FY: 2025)
Debt-maturity ladder, fixed/floating split, secured/unsecured and coverage ratios come from the supplemental — not yet ingested.
Financial history
| FY | Revenue | Net income | D&A | EBITDA | Op. cash flow |
|---|---|---|---|---|---|
| 2025 | $385.55M | $114.47M | $8.55M | $332.80M | $47.81M |
| 2024 | $365.69M | $105.76M | $12.26M | $320.36M | $37.85M |
| 2023 | $352.58M | $-54.97M | $12.24M | $140.41M | $15.39M |
| 2022 | $270.31M | $135.42M | $11.92M | $285.57M | $64.85M |
| 2021 | $187.01M | $73.12M | $11.99M | $165.05M | $26.92M |
| 2020 | $158.73M | $59.29M | $12.08M | $135.92M | $61.76M |
Dividends
Recent regular dividends per share (special distributions excluded), oldest → newest.
| Ex-date | Record | Payment | Declared | Amount | Freq. |
|---|---|---|---|---|---|
| 2026-06-30 | 2026-06-30 | 2026-07-15 | 2026-06-15 | $0.18 | Quarterly |
| 2026-03-31 | 2026-03-31 | 2026-04-15 | 2026-03-13 | $0.18 | Quarterly |
| 2025-12-30 | 2025-12-30 | 2026-01-15 | 2025-12-15 | $0.18 | Quarterly |
| 2025-09-30 | 2025-09-30 | 2025-10-15 | 2025-09-15 | $0.18 | Quarterly |
| 2025-06-30 | 2025-06-30 | 2025-07-15 | 2025-06-13 | $0.18 | Quarterly |
| 2025-03-31 | 2025-03-31 | 2025-04-15 | 2025-03-14 | $0.18 | Quarterly |
| 2024-12-30 | 2024-12-30 | 2025-01-15 | 2024-12-13 | $0.18 | Quarterly |
| 2024-09-30 | 2024-09-30 | 2024-10-15 | 2024-09-13 | $0.18 | Quarterly |
| 2024-06-28 | 2024-06-28 | 2024-07-15 | 2024-06-14 | $0.18 | Quarterly |
| 2024-03-27 | 2024-03-28 | 2024-04-15 | 2024-03-15 | $0.18 | Quarterly |
| 2023-12-28 | 2023-12-29 | 2024-01-16 | 2023-12-15 | $0.18 | Quarterly |
| 2023-09-28 | 2023-09-29 | 2023-10-13 | 2023-09-15 | $0.18 | Quarterly |
| 2023-06-29 | 2023-06-30 | 2023-07-14 | 2023-06-15 | $0.18 | Quarterly |
| 2023-03-29 | 2023-03-30 | 2023-03-30 | 2023-03-20 | $0.18 | Quarterly |
| 2022-12-29 | 2022-12-30 | 2023-01-13 | 2022-12-15 | $0.03 | Quarterly |
| 2022-08-31 | 2022-09-01 | 2022-09-15 | 2022-08-17 | $0.12 | Quarterly |
| 2022-05-31 | 2022-06-01 | 2022-06-15 | 2022-05-13 | $0.12 | Quarterly |
| 2022-02-28 | 2022-03-01 | 2022-03-15 | 2022-02-18 | $0.12 | Quarterly |
| 2021-11-30 | 2021-12-01 | 2021-12-15 | 2021-11-15 | $0.12 | Quarterly |
| 2021-08-31 | 2021-09-01 | 2021-09-15 | 2021-08-13 | $0.12 | Quarterly |
| 2021-05-28 | 2021-06-01 | 2021-06-15 | 2021-05-14 | $0.12 | Quarterly |
| 2021-02-26 | 2021-03-01 | 2021-03-15 | 2021-02-19 | $0.11 | Quarterly |
| 2020-11-30 | 2020-12-01 | 2020-12-15 | 2020-11-16 | $0.11 | Quarterly |
| 2020-08-31 | 2020-09-01 | 2020-09-15 | 2020-08-05 | $0.11 | Quarterly |
Coverage (payout of operating cash flow): 106.30%. Tax-character split (ordinary / 199A / capital gain / return of capital) — not disclosed (requires the annual allocation release).
Recent news — SAFE
Safehold Sets Second Quarter 2026 Earnings Release Date and Webcast
Safehold Closes Two Affordable Housing Ground Leases in California
My 4 Worst REIT Picks: Lessons Learned The Hard Way
Safehold Closes Second Affordable Housing Ground Lease in Texas
AMASS Brands Group Enters SAFE Investment in Afterdream, a Fast-Growing Hemp-Derived THC Beverage Brand
Safehold Closes $45 Million Affordable Housing Ground Lease in Santa Cruz, California
Safehold Closes $225 Million Private Placement of Structured Senior Unsecured Notes Due 2056
Safehold Declares Second Quarter 2026 Common Stock Dividend
Headlines via Financial Modeling Prep; links open the original publisher in a new tab. Not an endorsement or investment advice.
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Same-store NOI, occupancy, leasing/WALT, top tenants, external-manager fees, development pipeline and (for non-traded vehicles) share-class fees, redemption/gating and NAV methodology are planned modules sourced from supplementals and prospectuses.