# Safehold Inc. New Common Stock (SAFE) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Real Estate / Equity Real Estate Investment Trusts (REITs). Price $15.12, market value $1.1 billion.

## Valuation
- **P/E (trailing): 9.4×** (5-yr avg 29.6×, 3-yr avg 10.0×). Safehold Inc. New Common Stock trades at 9.4× trailing earnings, well below its own five-year average of 29.6×: cheap by its own standards. The Real Estate median in the September 2026 study was 25.2×. Forward P/E is 8.9×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 1.20**. A PEG of 1.20 is in the range usually read as fairly priced for its growth.
- **Price / sales: 2.6×**. Each dollar of revenue is priced at 2.6×.
- **Price / book: 0.4×**. The shares trade below book value, which can signal a bargain or a balance sheet the market doubts.
- **EV / EBITDA: 49.7×**. Enterprise value is 49.7× operating earnings before depreciation, the multiple that ignores how the company is financed; above 20× is demanding.
- **Earnings yield: 10.6%**. The inverse of the P/E: 10.6% of the price is earned each year.

## Profitability
- **Operating margin: 25.1%**. 25.1% of revenue is left after running the business, an exceptional level.
- **Net margin: 29.7%**. 29.7% of each dollar of sales reaches the bottom line.
- **Return on equity: 4.8%**. 4.8% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on invested capital: 1.2%**. Return on all capital, debt included, is 1.2%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: 1.6%**. Each dollar of assets produces 1.6% of profit.

## Growth
- **Revenue growth (1 yr): 5.4%** (3-yr 12.6%/yr, 5-yr 3.5%/yr). Revenue grew 5.4% over the last year, against 3.5% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): 7.4%** (3-yr -9.8%/yr). Earnings per share rose 7.4%, roughly in step with revenue.

## Financial health
- **Debt to equity: 1.90**. Debt is 1.90 times equity, a leveraged balance sheet, which is normal for real estate.
- **Net debt / EBITDA: 40.2×**. It would take 40.2 years of operating earnings to repay net borrowings, above the 3× level most lenders treat as comfortable.
- **Altman Z-score: 0.70**. A Z-score of 0.70 is in the distress zone, a signal to examine the balance sheet closely.
- **Piotroski F-score: 4/9**. 4 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 4.68%** ($0.71 per share, trailing). Safehold Inc. New Common Stock yields 4.68%, an income-level yield.
- **Payout ratio: 44%**. 44% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 1**. 1 straight year of increases.
- **Dividend growth (5 yr): -23.4%/yr** (1-yr 0.0%). The dividend has not grown over five years.

## Price and momentum
- **Total return (1 yr): -0.4%** (YTD 13.1%, 3-mo -1.3%). The shares are down 0.4% over twelve months including dividends.
- **From 52-week high: -13.4%** (18.5% above the low). Trading 13% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 42**. An RSI of 42 is neutral.
- **Beta (1 yr): 0.76** (volatility 33%). Beta of 0.76 against the S&P 500: the shares move roughly with the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=SAFE · Page: https://foliofundamentals.com/stocks/safe

Not investment advice.