SAFE - NYSE

Safehold Inc.

Safehold Inc.

SAFE·NYSE

$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
47.81M
Operating Cash Flow
26%
3Y-26.0%
5Y-23.0%
10Y+773.0%
-237.18M
Investing Cash Flow
12%
3Y-79.0%
5Y+2794.0%
10Y+2875.0%
202.98M
Financing Cash Flow
40%
3Y-81.0%
5Y-179.0%
10Y+8118.0%
SAFE

Safehold Inc. Cash Conversion Engine

SAFE · NYSE
Net Income114.63M
Depreciation & Amortization10.86M
Stock-Based Compensation12.55M
Change in Working Capital10.46M
Others-100.68M
Capital Expenditures0.00
Free Cash Flow47.81M

Cash Flow Quality Analysis

FCF Conversion Rate

41.7%

Weak cash conversion. Significant portion of earnings not converting to cash—review working capital trends and capital intensity.

FCF Growth Trend

+26.3%

Strong FCF growth demonstrates improving cash generation and business momentum. Positive signal for sustainability.

Working Capital Impact

+$10.46M

Working capital inflow boosted cash flow. Efficient management of receivables, inventory, and payables contributing positively.

Safehold Inc. Cash Flow Statement

SAFE • NYSE

Safehold Inc. Cash Flow StatementDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009Dec 2008Dec 2007Dec 2006
OPERATING ACTIVITIES
Net Income
114.6M
105.8M
-54.6M
144.7M
73.4M
-116.6M
33.7M
-18.3M
56.8M
6.6M
5.7M
15.8M
-133.5M
-268.7M
-25.7M
80.2M
-769.8M
-196.8M
239M
374.8M
Depreciation & Amortization
10.9M
10.4M
12.2M
11.9M
12M
7.3M
11.9M
58.7M
49.9M
3.1M
3.5M
73.6M
71.5M
70.8M
63.9M
70.8M
99.3M
104.5M
-108M
33.8M
Change in Deferred Taxes
0.0
0.0
0.0
0.0
-5.9M
0.0
2.4M
0.0
-23.8M
-10.9M
-12M
-89.1M
-78M
68.7M
-13.7M
-199.7M
3.8M
6M
1.3M
-1.8M
Stock-Based Compensation
12.5M
13.8M
23.2M
1.5M
1.8M
0.0
1.6M
873K
18.8M
10.9M
12M
13.3M
19.3M
15.3M
29.7M
19.4M
23.6M
19.7M
0.0
0.0
Other Non-Cash Items
-100.7M
-105.4M
27.4M
-124.4M
-42.7M
180.6M
-30.4M
-52.8M
-14.5M
-4M
-2.9M
-34.3M
-45M
-92.4M
-108.3M
33.3M
722.8M
509.2M
412.4M
70.7M
Change in Working Capital
10.5M
13.3M
7.1M
31.1M
-11.6M
-9.5M
-21.2M
-29.3M
-7.1M
-317K
-1.3M
10.4M
-14.8M
14.3M
22.3M
-51.3M
-3.3M
-24.1M
16.6M
-43.1M
Cash from Operating Activities
47.8M
37.9M
15.4M
64.9M
26.9M
61.8M
-2M
-24.1M
80.2M
5.5M
5M
-10.3M
-180.5M
-191.9M
-31.8M
-47.4M
76.3M
418.5M
561.3M
434.4M
INVESTING ACTIVITIES
Investments in Property, Plant, and Equipment
(0.0)
(0.0)
(0.0)
(0.0)
-1.2B
-56.8M
-1.4B
-189M
-158.5M
-173.6M
-169.7M
-142.8M
-211.8M
-83.1M
-64.2M
-42.9M
-20.8M
-102.9M
-44.8M
(0.0)
Acquisitions, Net
-28.9M
-10M
-149.9M
-7K
-39.5M
(496K)
-128M
(13.6M)
-224.2M
(43.9M)
-11.5M
(0.0)
(220.3M)
(0.0)
(0.0)
(3.7B)
(64.6M)
(993.8M)
-1.9B
-31.7M
Purchase of Investments
-182.5M
-304.3M
-316.8M
-1.3B
-2.1M
-260.1M
-656.7M
-94.6M
-224.2M
-58.2M
-11.5M
-781.9M
-270.4M
-68M
-61.8M
-100.3M
-31.5M
-32.1M
-2.9B
-3.7B
Sale/Maturity of Investments
6.3M
45.2M
9.2M
0.0
111.4M
428.7M
627.9M
189M
887.7M
43.9M
169.7M
0.0
220.3M
0.0
0.0
213.3M
27.1M
51.4M
311.4M
0.0
Other Investing Items
-32.1M
56.8M
-119.1M
134.7M
-109.9M
-120.5M
-1.4M
859.8M
-11.3M
136M
207.1M
1.1B
935M
1.4B
1.6B
-17.9M
686.9M
-938.2M
-191M
1.2B
Cash from Investing Activities
-237.2M
-212.4M
-576.6M
-1.1B
-1.3B
-8.2M
-1.5B
(778.9M)
(269.5M)
-8M
(184M)
(159.8M)
(893.4M)
(1.3B)
(1.5B)
(3.7B)
(726.2M)
-27.9M
-4.7B
-2.5B
FINANCING ACTIVITIES
Net Issuance of Common Stock
0.0
-5.1M
151.9M
309.2M
243.3M
-54.6M
511.9M
0.0
-285.9M
0.0
-79.3M
0.0
172.5M
-4.6M
-78.8M
-7.5M
-29.9M
-56.4M
192.6M
547.1M
Net Issuance of Debt
488.3M
263.6M
427M
825M
1B
-118.3M
832.2M
237.9M
308M
0.0
0.0
-140.9M
-557.1M
-1.2B
-1.5B
-3.4B
-1.1B
514.2M
4.5B
1.9B
Cash Paid for Dividends
-50.9M
-50.6M
-46M
-42.2M
-35.9M
-56.2M
-57.6M
-10.9M
-48.4M
-51.3M
-51.3M
-51.3M
-49M
-42.3M
-42.3M
-42.3M
-42.3M
-317.8M
-477.2M
-411.8M
Share Repurchases
(0.0)
-5.1M
(0.0)
(0.0)
(0.0)
-54.6M
(0.0)
-8.3M
-285.9M
-99.3M
-79.3M
(0.0)
-21M
-4.6M
-78.8M
-7.5M
-29.9M
-63.9M
-30.9M
(0.0)
Other Financing Items
-234.4M
-63M
26.6M
-998K
-22.7M
-26.5M
258.5M
-1.4M
5.6M
2.5M
-5M
1.3M
-22.2M
2.4M
1.2M
1.6M
118.5M
-138.6M
15.1M
19.8M
Cash from Financing Activities
203M
144.9M
559.5M
1.1B
1.2B
-255.5M
1.5B
-457.9M
-20.7M
2.5M
-5M
-191M
-455.8M
-1.2B
-1.6B
-3.4B
-1.1B
1.4M
4.2B
2.1B
CASH FLOW SUMMARY
Effect of Foreign Exchange Rates
0.0
0.0
0.0
0.0
-124K
-6.6M
12K
19K
-28K
7K
478K
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
Net Change in Cash
13.6M
-29.6M
-1.7M
9.9M
-58M
-208.5M
22.4M
296.8M
328.9M
328.7M
-472M
-41.5M
257.2M
-100.5M
-148M
280.2M
-271.9M
392M
-1.4M
-9.4M
Cash at Beginning of Period
17.1M
46.7M
48.4M
38.5M
96.5M
307.2M
24.4M
677.7M
328.7M
22K
472.1M
513.6M
256.3M
356.8M
504.9M
224.6M
496.5M
104.5M
106M
115.4M
Cash at End of Period
30.7M
17.1M
46.7M
48.4M
38.5M
98.6M
46.8M
974.5M
657.7M
328.7M
22K
472.1M
513.6M
256.3M
356.8M
504.9M
224.6M
496.5M
104.5M
106M
Free Cash Flow
47.8M
37.9M
15.4M
64.9M
-1.2B
5M
-1.4B
-213.2M
-78.3M
-168.1M
-164.7M
-153.1M
-392.2M
-275M
-96M
-90.3M
55.5M
315.6M
516.5M
434.4M

SEC Filings

SAFE - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
8-K

8-K 2023

N/A

March 31, 2023
March 31, 2023
2023
View Filing
10-K/A

10-K/A 2022 FY (Amended)

FY

March 30, 2023
December 31, 2022
2022
View Filing
8-K

8-K 2023

N/A

March 09, 2023
March 09, 2023
2023
View Filing
8-K

8-K 2023

N/A

March 02, 2023
March 02, 2023
2023
View Filing
10-K

10-K 2022 FY

FY

February 15, 2023
December 31, 2022
2022
View Filing
8-K

8-K 2023

N/A

February 14, 2023
February 14, 2023
2023
View Filing
8-K

8-K 2023

N/A

February 14, 2023
February 14, 2023
2023
View Filing
8-K

8-K 2023

N/A

January 09, 2023
January 09, 2023
2023
View Filing
10-Q

10-Q 2022 Q3

Q3

November 02, 2022
September 30, 2022
2022
View Filing
8-K

8-K 2022

N/A

November 01, 2022
November 01, 2022
2022
View Filing
Showing 1 to 10 of 138 filings

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