Stocks › SAFE
Safehold SAFE
$10.59 −$0.04 (-0.38%)
Market closed · Nov 6, 8:20 pm ET · Last extended-hours $10.59 0.00%
Open$10.46
Prev close$10.63
Day range$10.34 – $10.61
Volume896.0K
Market cap$741.16M
P/E (TTM)6.6
Dividend yield6.69%
Fundamentals
Latest reported quarter: Q2, ended Jun 2026
Revenue$114.65M+22.2% YoY
Operating profit$83.48M+10.5% YoY
Net profit$30.72M+9.8% YoY
Diluted EPS$0.42+7.7% YoY
Free cash flow$34.63M+23.7% YoY
Operating cash flow$34.63M
Revenue, last 8 quarters
Net profit, last 8 quarters
Diluted EPS by quarter
Free cash flow by quarter
Annual revenue
Profitability & balance sheet
Gross margin92.6%
Operating margin76.5%
Net margin27.7%
Return on equity4.8%
Return on assets1.6%
Return on invested capital4.7%
Current ratio18.06
Liabilities / assets65.0%
Cash & investments$15.92M
Total debt$4.56B
Net cash (debt)-$4.54B
Free cash flow / sales8.8%
Where the revenue comes from
Quarter 2026/Q2
By business line
Income statement
| Line item | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 | 2025 Q3 |
|---|---|---|---|---|---|
| Total Revenue as Reported | $114.65M | $110.85M | $385.55M | $97.87M | $96.16M |
| Total Operating Revenue | $114.65M | $110.85M | $385.55M | $97.87M | $96.16M |
| Cost of Revenue | $14.70M | $13.51M | $4.76M | $1.33M | $1.40M |
| Gross Profit | $99.94M | $97.35M | $380.79M | $96.55M | $94.77M |
| Operating Expense | $16.46M | $17.65M | $69.45M | $17.19M | $16.21M |
| Selling and Admin Expenses | $14.34M | $15.30M | $54.34M | $14.18M | $13.07M |
| -General & Admin Expense | $14.34M | $15.30M | $54.34M | $14.18M | $13.07M |
| Depreciation & Amortization & Depletion | $1.85M | $1.85M | $8.55M | $2.11M | $2.11M |
| -Depreciation & Amortization | $1.85M | $1.85M | $8.55M | $2.11M | $2.11M |
| Asset Impairment Loss | $270,000.00 | $498,000.00 | $6.56M | $893,000.00 | $1.03M |
| Operating Profit | $83.48M | $79.70M | $311.34M | $79.36M | $78.56M |
| Net Non-Operating Interest Income (Expense) | -$55.19M | -$53.52M | -$206.69M | -$52.50M | -$52.50M |
| Non-Operating Interest Expense | $55.19M | $53.52M | $206.69M | $52.50M | $52.50M |
| Other Income (Expense) | $3.82M | $3.40M | $12.91M | $2.05M | $3.47M |
| Earnings from Equity Interest | $3.86M | $4.04M | $18.89M | $4.33M | $4.65M |
| Other Non-Operating Income (Expenses) | -$38,000.00 | -$638,000.00 | -$3.76M | -$62,000.00 | -$1.18M |
| Pretax Profit | $32.12M | $29.58M | $117.56M | $28.91M | $29.53M |
| Tax | $1.39M | $685,000.00 | $2.93M | $973,000.00 | $215,000.00 |
| Net Profit | $30.72M | $28.90M | $114.63M | $27.93M | $29.32M |
| Profit from Continuing Operations | $30.72M | $28.90M | $114.63M | $27.93M | $29.32M |
| Minority Interests | $568,000.00 | $36,000.00 | $161,000.00 | $57,000.00 | $36,000.00 |
| Net Income to Parent Company | $30.16M | $28.86M | $114.47M | $27.88M | $29.28M |
| Net Income to Common Stockholders | $30.16M | $28.86M | $114.47M | $27.88M | $29.28M |
| Basic EPS | $0.42 | $0.40 | $1.60 | $0.39 | $0.41 |
| Diluted EPS | $0.42 | $0.40 | $1.59 | $0.38 | $0.41 |
| Dividend Per Share | $0.18 | $0.18 | $0.71 | $0.18 | $0.18 |
| Special Income (Charges) | – | – | -$2.22M | – | – |
| -Less:Restructuring and Mergern & Acquisition | – | – | $0.00 | – | – |
| -Less:Impairment of Capital Assets | – | – | $0.00 | – | – |
| -Less:Other Special Charges | – | – | $2.22M | – | – |
| -Gain on Sale of Property/Plant/Equipment | – | – | $0.00 | – | – |
Balance sheet
| Line item | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 | 2025 Q3 |
|---|---|---|---|---|---|
| Total Assets | $7.52B | $7.38B | $7.25B | $7.25B | $7.15B |
| Total Current Assets | $2.59B | $2.51B | $2.44B | $2.44B | $2.38B |
| Cash and Cash Equivalents & Short-Term Investments | $15.92M | $20.14M | $23.73M | $23.73M | $15.08M |
| -Cash and Cash Equivalents | $15.92M | $19.30M | $21.71M | $21.71M | $12.12M |
| -Short Term Investments | $0.00 | $836,000.00 | $2.03M | $2.03M | $2.96M |
| Receivables | $2.56B | $2.48B | $2.40B | $2.40B | $2.35B |
| -Accounts Receivable | $256.11M | $248.62M | $241.10M | $241.10M | $233.55M |
| -Loans Receivable | $177.54M | $174.64M | $158.64M | $158.64M | $157.51M |
| -Other Receivables | $2.13B | $2.05B | $2.00B | $2.00B | $1.96B |
| Restricted Cash | $10.18M | $8.82M | $9.03M | $9.03M | $9.14M |
| Total Non-Current Assets | $4.93B | $4.88B | $4.81B | $4.81B | $4.77B |
| Net PPE | $24.73M | $25.75M | $26.55M | $26.55M | $27.80M |
| -Gross PPE | $24.73M | $25.75M | $26.55M | $26.55M | $27.80M |
| Investments and Advances | $3.97B | $3.89B | $3.84B | $3.84B | $3.80B |
| -Long Term Equity Investment | $291.77M | $285.92M | $280.85M | $280.85M | $272.89M |
| Financial Assets | $11.20M | $25.02M | $21.32M | $21.32M | $20.92M |
| Goodwill and Other Intangible Assets | $202.25M | $203.13M | $204.02M | $204.02M | $205.40M |
| -Other Intangible Assets | $202.25M | $203.13M | $204.02M | $204.02M | $205.40M |
| Non-Current Deferred Assets | $12.37M | $13.80M | $15.05M | $15.05M | $16.67M |
| Other Non-Current Assets | $23.90M | $25.10M | $12.63M | $12.63M | $10.63M |
| Total Liabilities | $4.89B | $4.92B | $4.81B | $4.81B | $4.73B |
| Total Current Liabilities | $143.49M | $133.18M | $136.30M | $136.30M | $125.80M |
| Payables | $13.22M | $13.66M | $13.56M | $13.56M | $13.45M |
| -Dividends Payable | $13.22M | $13.66M | $13.56M | $13.56M | $13.45M |
| Current Accrued Expenses | $130.27M | $119.52M | $122.74M | $122.74M | $112.36M |
| Total Non-Current Liabilities | $4.74B | $4.79B | $4.67B | $4.67B | $4.60B |
| Long Term Debt and Capital Lease Obligation | $4.56B | $4.60B | $4.49B | $4.49B | $4.42B |
| -Long Term Debt | $4.55B | $4.60B | $4.49B | $4.49B | $4.41B |
| -Long Term Capital Lease Obligation | $5.54M | $5.59M | $5.62M | $5.62M | $7.09M |
| Convertible preferred securities | $100.00M | $100.00M | $100.00M | $100.00M | $100.00M |
| Other Non-Current Liabilities | $84.24M | $84.73M | $81.58M | $81.58M | $79.90M |
| Total Equity | $2.63B | $2.46B | $2.44B | $2.44B | $2.42B |
| Stockholders' Equity | $2.44B | $2.43B | $2.41B | $2.41B | $2.39B |
| Capital Stock | $711,000.00 | $718,000.00 | $717,000.00 | $717,000.00 | $717,000.00 |
| -Common Stock | $711,000.00 | $718,000.00 | $717,000.00 | $717,000.00 | $717,000.00 |
| Additional Paid-In Capital | $2.19B | $2.20B | $2.20B | $2.20B | $2.20B |
| Retained Earnings | $199.29M | $181.80M | $165.74M | $165.74M | $150.67M |
| Gains/Losses Not Affecting Retained Earnings | $51.98M | $47.44M | $42.59M | $42.59M | $41.05M |
| Minority Interests | $193.90M | $33.18M | $31.57M | $31.57M | $31.03M |
| Prepaid Assets | – | – | $0.00 | $0.00 | $0.00 |
Cash flow
| Line item | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 | 2025 Q3 |
|---|---|---|---|---|---|
| Operating Cash Flow | $34.63M | -$8.60M | $47.81M | $12.32M | -$1.41M |
| Net cash flow from continuing operations | $34.63M | -$8.60M | $47.81M | $12.32M | -$1.41M |
| Net Income from Continuing Operations | $30.72M | $28.90M | $114.63M | $27.93M | $29.32M |
| Gain/Loss from Continuing Operations | $13.39M | -$4.04M | -$3.54M | -$2.11M | -$4.65M |
| Depreciation & Depletion & Amortization | $2.31M | $2.31M | $10.86M | $2.69M | $2.69M |
| Other Non-Cash Items | -$27.59M | -$27.95M | -$113.08M | -$29.01M | -$28.92M |
| Change in Working Capital | $10.56M | -$13.63M | $10.46M | $7.64M | -$5.19M |
| -Change in Payables and Accrued Expense | $7.45M | -$5.80M | $8.06M | $7.80M | -$5.51M |
| -Change In Other Working Capital | $3.11M | -$7.82M | $2.40M | -$164,000.00 | $316,000.00 |
| Net cash flow from investing | -$123.09M | -$85.50M | -$237.18M | -$56.99M | -$56.22M |
| Net Cash Flow from Continuing Investing Activities | -$123.09M | -$85.50M | -$237.18M | -$56.99M | -$56.22M |
| Net Business Purchase and Sale | -$3.57M | -$2.56M | -$28.88M | -$5.04M | -$8.45M |
| Net Investment Purchase and Sale | -$116.26M | -$66.92M | -$176.19M | -$51.96M | -$46.29M |
| Net Other Investing Changes | -$4.11M | -$16.58M | -$45.74M | -$918,000.00 | -$2.85M |
| Financing Cash Flow | $86.44M | $91.49M | $202.98M | $54.15M | $55.95M |
| Net Cash Flow from Continuing Financing Activities | $86.44M | $91.49M | $202.98M | $54.15M | $55.95M |
| Net Issuance Payments Of Debt | -$44.00M | $110.00M | $488.34M | $296.60M | $68.74M |
| Net Common Stock Issuance | -$12.85M | -$3.20M | $0.00 | – | – |
| Cash Dividends Paid | -$13.10M | -$12.69M | -$50.92M | -$12.69M | -$12.69M |
| Net Other Financing Charges | $156.39M | -$2.62M | -$234.43M | -$229.76M | -$89,000.00 |
| Ending Cash Balance | $26.10M | $28.12M | $30.74M | $30.74M | $21.26M |
| Net Change in Cash | -$2.02M | -$2.62M | $13.62M | $9.48M | -$1.68M |
| Beginning Cash Balance | $28.12M | $30.74M | $17.12M | $21.26M | $22.94M |
| Free Cash Flow | $34.63M | -$8.60M | $47.81M | $12.32M | -$1.41M |
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