SAFE - NYSE

Safehold Inc.

Safehold Inc.

SAFEยทNYSE

$15.20

+0.66%
Real EstateREIT - Diversified

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.

StatementsValue Model

At a Glance

Live Snapshot
Market Cap$1.09B
EPS1.6000
P/E Ratio9.50
Earnings Date08/04/2026
Safehold Inc.

Safehold Inc. Fair Value Envelope

SAFE ยท NYSE

Our analysis suggests that SAFE has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $15.2, this represents a potential HIDDEN relative to our calculated worth for Safehold Inc..

HIDDEN
Intrinsic Value
Current Price: $15.2

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$5.1B
+ Cash & Equivalents$21.7M
Firm Value$5.2B
- Debt$4.5B
Equity Value$670.7M
/ Shares Outstanding71,756,300B
DCF Value$9
OVERVALUED BY 39%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$60.4M
$76.3M
$96.3M
$121.7M
$153.7M
$194.2M
$245.2M
$309.7M
$391.2M
$494.2M
Maintenance CapEx
-$0
-$0
-$0
-$0
-$0
-$0
-$0
-$0
-$0
-$0
Owner Earnings
$60.4M
$76.3M
$96.3M
$121.7M
$153.7M
$194.2M
$245.2M
$309.7M
$391.2M
$494.2M
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$55.9M
$65.4M
$76.5M
$89.5M
$104.6M
$122.3M
$143.1M
$167.3M
$195.7M
$228.9M
Terminal Value represents 75.7% of Enterprise Value

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5

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