SAFE

Safehold Inc

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14.010

+0.01(0.071%)1D

Overview
Forecast
Valuation
Earnings

Line

Candle

YTD

High

14.430

Open

14.050

VWAP

14.11

Vol

479.20K

Mkt Cap

1.01B

Low

13.9601

Amount

6.76M

EV/EBITDA(TTM)

18.17

Total Shares

71.44M

5.47B

EV/OCF(TTM)

103.02

P/S(TTM)

2.68

Safehold Inc. is a real estate investment trust (REIT). The Company helps owners of multifamily, office, industrial, hospitality, student housing, life science and mixed-use properties to generate higher returns. The Company operates its business through one reportable segment by acquiring, managing and capitalizing ground leases. Its primary investment objective is to construct a diversified portfolio of Ground Leases that is focused on generating attractive quality risk-adjusted returns and support stable and growing distributions to its shareholders. The Company’s portfolio consists of Ground Leases and one master lease (relating to five hotel assets that it refers to as its Park Hotels Portfolio). Its portfolio of properties is located across Manhattan; Washington, District of Columbia (DC); Boston; Los Angeles; San Francisco; Denver; Honolulu; Nashville; Miami and Atlanta.

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2026Q1

FY2025Q4

FY2025Q3

100.09M

+2.47%

0.440

96.53M

+5.07%

0.392

+8.92%

95.06M

+4.8%

0.395

+6.71%

Estimates Revision

The market is revising Upward the revenue expectations for Safehold Inc. (SAFE) for FY2025, with the revenue forecasts being adjusted by 0.38% over the past three months. During the same period, the stock price has changed by -10.42%.

Revenue Estimates for FY2025

Revise Upward

+0.38%

In Past 3 Month

EPS Estimates for FY2025

Revise Upward

+0.87%

In Past 3 Month

Stock Price

Go Down

-10.42%

In Past 3 Month

9 Analyst Rating

45.90% Upside

Wall Street analysts forecast SAFE stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SAFE is 20.44 USD with a low forecast of 16.00 USD and a high forecast of 32.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

4 Buy

5 Hold

0 Sell

Moderate Buy

45.90% Upside

Current: 14.010

Low

16.00

Averages

20.44

High

32.00

45.90% Upside

Current: 14.010

Low

16.00

Averages

20.44

High

32.00

Morgan Stanley

Ronald Kamdem

Equal Weight

downgrade

$17 -> $16

2025-08-04

Reason

Morgan Stanley

Ronald Kamdem

Price Target

$17 -> $16

2025-08-04

downgrade

Equal Weight

Reason

Morgan Stanley analyst Ronald Kamdem lowered the firm's price target on Safehold to $16 from $17 and keeps an Equal Weight rating on the shares. The firm updated its model ahead of the August 5 earnings report.

JPMorgan

Neutral

downgrade

$20 -> $19

2025-07-08

Reason

JPMorgan

Price Target

$20 -> $19

2025-07-08

downgrade

Neutral

Reason

JPMorgan lowered the firm's price target on Safehold to $19 from $20 and keeps a Neutral rating on the shares. The firm reduced estimates ahead of the company's Q2 report to reflect lower investment volume in 2025, slightly higher overhead costs, and continued higher capital costs.

BofA

Derek Hewett

Buy

downgrade

$25 -> $21

2025-05-26

Reason

BofA

Derek Hewett

Price Target

$25 -> $21

2025-05-26

downgrade

Buy

Reason

BofA analyst Derek Hewett lowered the firm's price target on Safehold to $21 from $25 and keeps a Buy rating on the shares following the Q1 print. The firm says that despite the current rate backdrop, ground leases represent an attractive opportunity given the long-term nature of the cash flows plus capital appreciation.

RBC Capital

Outperform

maintain

$21 -> $20

2025-05-19

Reason

RBC Capital

Price Target

$21 -> $20

2025-05-19

maintain

Outperform

Reason

RBC Capital lowered the firm's price target on Safehold to $20 from $21 and keeps an Outperform rating on the shares. The firm is revising its estimates to factor in its updated discount rate assumptions, the analyst tells investors in a research note. RBC adds that it still sees the company participating, longer term, in the growth of the nascent ground lease market, warning however that originations could be muted given the commercial real estate market backdrop.

Wedbush

Neutral

downgrade

$20 -> $17

2025-05-08

Reason

Wedbush

Price Target

$20 -> $17

2025-05-08

downgrade

Neutral

Reason

Wedbush lowered the firm's price target on Safehold to $17 from $20 and keeps a Neutral rating on the shares. The firm says the company's Q1 report was a bit nonlinear as Safehold continues to grapple with an on-again/off-again customer base as it relates to its ground lease offering. For the time being, with the stock still stuck in macro purgatory, Wedbush remains on the sidelines.

Mizuho

Haendel St. Juste

Hold

Maintains

$25 → $19

2025-04-03

Reason

Mizuho

Haendel St. Juste

Price Target

$25 → $19

2025-04-03

Maintains

Hold

Reason

Mizuho lowered the firm's price target on Safehold to $19 from $25 and keeps a Neutral rating on the shares. Concerns of a trade war and slowing economy are likely to weigh on equity markets over the near-term, but Mizuho tells investors in a research note that "this is exactly the type of backdrop" in which Triple Net stocks can work and attract new capital. Names with traditional safety features -- without the need to raise any additional capital to reach and potentially exceed acquisition and growth targets -- should be net winners, the firm says.

See All Ratings

Valuation Metrics

The current forward P/E ratio for Safehold Inc (SAFE.N) is 8.84, compared to its 5-year average forward P/E of 26.71. For a more detailed relative valuation and DCF analysis to assess Safehold Inc 's fair value, click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

Undervalued

5Y Average PE

26.71

Current PE

8.84

Overvalued PE

43.11

Undervalued PE

10.31

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

Undervalued

5Y Average EV/EBITDA

23.45

Current EV/EBITDA

16.79

Overvalued EV/EBITDA

29.38

Undervalued EV/EBITDA

17.51

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

Fair

5Y Average PS

9.59

Current PS

2.58

Overvalued PS

16.64

Undervalued PS

2.54