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.
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.
Dividends
| 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).
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 |
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.