XNYS
SAFE
Market cap977mUSD
Jun 23, Last price
15.61USD
1D
-0.13%
1Q
-16.31%
IPO
-20.48%
Name
Safehold Inc
Chart & Performance
Profile
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.
Valuation
Title USD in thousands, except ratios and share amounts | FY | FY | FY | FY | FY | FY | FY | FY | FY | FY |
---|---|---|---|---|---|---|---|---|---|---|
2024‑12 | 2023‑12 | 2022‑12 | 2021‑12 | 2020‑12 | 2019‑12 | 2018‑12 | 2017‑12 | 2016‑12 | 2015‑12 | |
Income | ||||||||||
Revenues | 365,685 3.72% | 352,578 123.08% | 158,051 -15.49% | |||||||
Cost of revenue | 59,141 | 70,097 | 234,377 | |||||||
Unusual Expense (Income) | ||||||||||
NOPBT | 306,544 | 282,481 | (76,326) | |||||||
NOPBT Margin | 83.83% | 80.12% | ||||||||
Operating Taxes | 3,445 | 1,719 | 567 | |||||||
Tax Rate | 1.12% | 0.61% | ||||||||
NOPAT | 303,099 | 280,762 | (76,893) | |||||||
Net income | 105,763 -292.39% | (54,973) -72.13% | (197,274) -369.78% | |||||||
Dividends | (50,589) | (46,039) | (53,720) | |||||||
Dividend yield | 3.83% | 2.95% | 14.53% | |||||||
Proceeds from repurchase of equity | 151,940 | 308,190 | ||||||||
BB yield | -9.74% | -83.38% | ||||||||
Debt | ||||||||||
Debt current | 1,255,558 | |||||||||
Long-term debt | 4,238,187 | 3,985,867 | 362,253 | |||||||
Deferred revenue | 21,200 | |||||||||
Other long-term liabilities | 180,027 | 181,381 | 129,375 | |||||||
Net debt | 517,621 | 391,880 | (1,185,140) | |||||||
Cash flow | ||||||||||
Cash from operating activities | 37,855 | 15,391 | 47,667 | |||||||
CAPEX | (7,247) | (23,053) | ||||||||
Cash from investing activities | (212,370) | (576,572) | 2,787,812 | |||||||
Cash from financing activities | 144,893 | 559,531 | (1,780,704) | |||||||
FCF | 101,135 | (1,337,927) | 4,308,279 | |||||||
Balance | ||||||||||
Cash | 15,579 | 28,472 | 1,442,269 | |||||||
Long term investments | 3,704,987 | 3,565,515 | 1,360,682 | |||||||
Excess cash | 3,702,282 | 3,576,358 | 2,795,048 | |||||||
Stockholders' equity | 182,187 | 111,377 | (2,032,562) | |||||||
Invested Capital | 6,599,680 | 6,335,796 | 5,210,200 | |||||||
ROIC | 4.69% | 4.86% | ||||||||
ROCE | 4.52% | 4.38% | ||||||||
EV | ||||||||||
Common stock shares outstanding | 71,451 | 66,690 | 12,916 | |||||||
Price | 18.48 -21.03% | 23.40 -18.24% | 28.62 -64.16% | |||||||
Market cap | 1,320,414 -15.39% | 1,560,546 322.18% | 369,642 -59.72% | |||||||
EV | 1,868,044 | 2,016,849 | (797,107) | |||||||
EBITDA | 318,801 | 294,723 | (70,856) | |||||||
EV/EBITDA | 5.86 | 6.84 | 11.25 | |||||||
Interest | 198,042 | 181,011 | 128,969 | |||||||
Interest/NOPBT | 64.60% | 64.08% |