Safehold Inc.

Symbol: SAFE
Exchange: NYSE
Founded: 2016 (3 years)
HQ: New York, NY, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Small-Cap
REIT Sector: Diversified, Specialty
Externally Managed REIT

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See SAFE on SEC.gov

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Overall Score: 6.9

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REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. Learn More


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Hightlights of Trading Day December 6, 2019


Open Price: $42.7
Closing Price: $41.87
Price Change: -0.86 (-2.013%)
Lowest Price: $41.67
Highest Price: $42.874

52-Week Low: $16.53
52-Week High: $43.01
52-Week Change: 120.83%

5 Day Price Change: 4.60%
1 Month Price Change: 28.59%
3 Month Price Change: 54.43%
6 Month Price Change: 42.48%
YTD Price Change: 132.99%
1 Year Price Change: 125.37%
2 Year Price Change: 140.73%
5 Year Price Change: 124.89%

Dividend of Trading Day December 6, 2019


Dividend Yield: 1.49%*
Annualized Dividend: $0.624*
Dividend Yield (TTM): 1.462%
Annualized Dividend (TTM): $0.612
Ex Dividend Date: 2019-10-02
Dividend Frequency: Quarterly

*The forward annualized dividend and dividend yield are based on the most recent dividend value paid by the REIT. The REIT may have already announced their next upcoming dividend value, which may be different from previously paid dividend value. It is recommended to check the REIT's website and dividend announcements for the latest information on upcoming dividends and changes.

Funds From Operations (FFO)


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Key Stats of Trading Day December 6, 2019


Total Cash: $24,425,000
Current Debt: N/A
Revenue: $51,824,000
Gross Profit: $38,982,000
Total Revenue: $51,824,000
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $39,567,000
Revenue Per Share: $1
Revenue Per Employee: N/A
Employee: N/A
Debt to Equity Ratio (D/E): 1.53
Profit Margin: 0.23%
Enterprise Value (EV): $2,520,163,966
Enterprise Value to Revenue (EV/R): 48.63
Price to Sales (P/S): 38.60
Price to Book (P/B): 5.63
Peg Ratio: 1.25
P/E Ratio: 45.29
P/E High: 46.25
P/E Low: 17.77
Forward P/E Ratio: 39.13
Market Capitalization: $2,000,623,966
Beta: 0.40
Latest Volume: 397,633.00
Avg. Total Volume: 470,380
Avg. 10 Volume: 877,037.70
Avg. 30 Volume: 470,379.70
TTM EPS: 0.92
TTM Dividend Rate: 0.61
Shares Outstanding: 47,781,800
Float: 11,860,971.78
50-Day Moving Avg.: 35.41
200-Day Moving Avg.: 29.17

Latest REIT Community Comments on #SAFE


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Properties Owned by SAFE


Properties owned:
38
Types:
4
States:
17
Countries:
1
Please visit this REIT’s official webpage to learn more.

Dividend History


Below are the most recent cash dividends paid by SAFE, and the Ex-Dividend Date of the dividend. The percent difference from one dividend payment to the next has also been calculated for your convenience.


Symbol Ex Date Cash Amount Change in Dividend Declaration Date Record Date Payment Date

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Financial Statements Overview

Balance Sheet (Quarterly)

See Annual Balance Sheet | See Quarterly Balance Sheet

Amounts in USD ($)

Balance Sheet 2019-09-30 2019-06-30 2019-03-31 2018-12-31
Current Cash 36,788,000 93,479,000 24,475,000 24,425,000
Receivables 0 0 0 0
Inventory 0 0 0 0
Current Assets 0 0 0 0
Current Assets (Other) 0 0 0 0
Short Term Investments 0 0 0 0
Long-term Investments 21,722,000 32,000 961,000 2,991,000
Property, Plant & Equipment Net 29,935,000 30,211,000 30,486,000 0
Goodwill 0 0 0 0
Intangible Assets 244,503,000 235,457,000 236,919,000 262,531,000
Other Assets 42,966,000 10,288,000 43,475,000 6,992,000
Net Tangible Assets 586,104,000 344,840,000 110,009,000 355,351,000
Total Assets 1,637,162,000 1,233,265,000 1,125,952,000 979,743,000
Accounts Payable 0 0 0 0
Liabilities (Other) 94,588,000 89,347,000 87,843,000 78,420,000
Current Liabilities (Other) 6,322,000 4,834,000 4,627,000 2,741,000
Total Current Liabilities 0 0 0 0
Current Long-term Debt 0 0 0 0
Long-term Debt 691,567,000 544,945,000 436,699,000 543,965,000
Total Liabilities 792,036,000 640,201,000 524,542,000 622,385,000
Minority Interest 49,000 1,419,000 4,518,000 54,000
Common Stock 40,444,000 309,000 183,000 183,000
Retained Earnings -5,809,000 -4,926,000 -4,619,000 -8,486,000
Treasury Stock 0 0 0 0
Capital Surplus 888,457,000 626,793,000 372,093,000 370,530,000
Shareholder Equity 843,768,000 591,835,000 356,864,000 355,351,000

Income Statement (Quarterly)

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2019-09-30 2019-06-30 2019-03-31 2018-12-31
Total Revenue 23,199,000 20,548,000 22,688,000 15,513,000
Cost of Revenue 3,859,000 3,856,000 4,023,000 3,399,000
Gross Profit 19,340,000 16,692,000 18,665,000 12,114,000
Research and Development 0 0 0 0
Selling General and Admin 0 0 0 0
Operating Expense 6,955,000 8,330,000 7,005,000 5,958,000
Operating Income 15,959,000 11,928,000 15,658,000 9,373,000
Income Expense Net (Other) -10,478,000 -5,986,000 -4,521,000 -5,011,000
EBIT 15,959,000 11,928,000 15,658,000 9,373,000
Interest Income 7,519,000 5,999,000 4,739,000 5,142,000
Pretax Income 5,481,000 5,942,000 11,137,000 4,362,000
Income Tax 0 0 0 0
Minority Interest 49,000 1,419,000 4,518,000 54,000
Net Income 5,432,000 4,523,000 6,619,000 4,308,000
Net Income Basic 5,432,000 4,523,000 6,619,000 4,308,000

Cash Flow

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2019-09-30 2019-06-30 2019-03-31 2018-12-31
Net Income 5,432,000 4,523,000 6,619,000 4,308,000
Depreciation 809,000 3,111,000 3,111,000 3,715,000
Changes in Receivables 0 0 0 0
Changes in Inventories 0 0 0 0
Cash Change -56,691,000 69,004,000 50,000 4,420,000
Cash Flow -3,124,000 1,842,000 -3,264,000 2,712,000
Capital Expenditures 0 0 0 0
Investments -44,176,000 -3,570,000 -3,239,000 -177,814,000
Investing Activity (Other) -408,372,000 -33,583,000 -118,635,000 9,043,000
Total Investing Cash Flows -451,930,000 -39,071,000 129,426,000 -167,756,000
Dividends Paid -4,825,000 -2,748,000 -2,741,000 -2,735,000
Net Borrowings 145,436,000 108,465,000 -117,971,000 172,620,000
Cash Flow Financing 398,363,000 106,233,000 -126,112,000 169,464,000
Financing Cash Flows (Other) -1,819,000 516,000 -5,400,000 -20,000
Exchange Rate Effect 0 0 0 0

About Safehold Inc.


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 capital solution, Safehold helps owners of high quality multifamily, office, industrial, hospitality and mixed-use properties in major markets throughout the United States generate higher returns with less risk. The Company, which is taxed as a real estate investment trust (REIT) and is managed by its largest shareholder, iStar Inc., seeks to deliver safe, growing income and long-term capital appreciation to its shareholders.

REITRating™ Scorecard


Rating Dividend Section Avg. Rating
1 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 6.2
Rating AFFO & Efficiency Section Avg. Rating
9 Operating Expense Efficiency: Analysis of the REIT's Operating Expenses to its Revenues. 7.1
9 Operating Expense Efficiency Trend: Analysis of the trend of the REIT's Operating Expenses to its Revenue. 7.9
Rating Leverage Section Avg. Rating
4 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 5.0
10 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 5.7
9 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 7.8
1 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 7.4
6 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 5.2
7 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 6.9
Rating Asset & Revenue Section Avg. Rating
10 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 6.8
10 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 7.3
Rating Properties Section Avg. Rating
8 Portfolio of Properties: Analysis of the REIT's property's strength, size, and geographic distribution. 8.2
6.9 Overall REITRating™ Score 6.4

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The REIT’s score for each analysis is out of ten points, with ten being the best score and zero being the worst. A score of zero can be assigned if the REIT does not meet the criteria for that specific analysis. N/A is assigned if insufficient data is available for a particular analysis. Our REITRating logic is continuously improving, so a REIT’s rating and ranking may change over time. Important Note: REITRating is not a predictor of a REIT’s future performance, it is an evaluation of its past results. Additionally, the REITRating system is for informational purposes only and does not represent financial or investment advice or a recommendation of which REITs to acquire. Learn more.

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