Empire State Realty [ESRT] vs Safehold [SAFE] Detailed Stock Comparison

Empire State Realty Trust Inc.

NYSE
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Safehold Inc.

NYSE
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TLDR: Quick Comparison Summary

Based on 21 vital metrics comparison: Empire State Realty Trust Inc. wins in 6 metrics, Safehold Inc. wins in 15 metrics, with 0 ties. Safehold Inc. appears stronger overall.

View Metrics Details

Vital Metrics Comparison

Metric Empire State Realty Trust Inc. Safehold Inc. Better
P/E Ratio (TTM) 21.96 10.82 Safehold Inc.
Price-to-Book Ratio 0.88 0.48 Safehold Inc.
Debt-to-Equity Ratio 131.69 182.70 Empire State Realty Trust Inc.
PEG Ratio 91.50 9.69 Safehold Inc.
EV/EBITDA 12.63 17.04 Empire State Realty Trust Inc.
Profit Margin (TTM) 6.20% 26.69% Safehold Inc.
Operating Margin (TTM) 17.77% 80.47% Safehold Inc.
EBITDA Margin (TTM) 17.77% 80.47% Safehold Inc.
Return on Equity 4.05% 4.44% Safehold Inc.
Return on Assets (TTM) 1.89% 2.85% Safehold Inc.
Free Cash Flow (TTM) $249.05M $37.86M Empire State Realty Trust Inc.
Dividend Yield 3.09% 5.26% Safehold Inc.
1-Year Return -25.20% -0.66% Safehold Inc.
Price-to-Sales Ratio (TTM) 2.15 2.89 Empire State Realty Trust Inc.
Enterprise Value $3.97B $5.50B Safehold Inc.
EV/Revenue Ratio 5.17 14.05 Empire State Realty Trust Inc.
Gross Profit Margin (TTM) 52.43% 98.81% Safehold Inc.
Revenue per Share (TTM) $5 $5 Safehold Inc.
Earnings per Share (Diluted) $0.25 $1.46 Safehold Inc.
Beta (Stock Volatility) 1.39 1.52 Empire State Realty Trust Inc.
Short % of Float 9.40% 6.28% Safehold Inc.

Empire State Realty Trust Inc. vs Safehold Inc. Stock Performance Analysis

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ESRT
SAFE

Performance Comparison

Short-term Returns

Stock1D1W1M3M6MYTD
Empire State Realty Trust Inc.-5.61%2.33%5.55%-0.52%-17.37%-11.75%
Safehold Inc.-1.46%2.79%4.21%-6.91%12.18%10.79%

Long-term Returns

Stock1Y3Y5Y10Y15Y20Y
Empire State Realty Trust Inc.-25.20%-8.32%-53.26%-70.11%-56.43%-56.43%
Safehold Inc.-0.66%-43.93%-81.52%-69.82%-61.37%-92.12%

Performance & Financial Health Analysis: Empire State Realty Trust Inc. vs Safehold Inc.

MetricESRTSAFE
Market Information
Market Cap i$1.65B$1.13B
Market Cap CategorySmall capSmall cap
10 Day Avg. Volume i1,221,247288,850
90 Day Avg. Volume i1,524,472343,363
Last Close$5.38$14.88
52 Week Range$4.87 - $8.76$12.76 - $17.16
% from 52W High-38.58%-13.29%
All-Time High$22.31 (Aug 29, 2016)$587.76 (Nov 20, 1989)
% from All-Time High-75.89%-97.47%
Growth Metrics
Quarterly Revenue Growth0.01%0.03%
Quarterly Earnings Growth0.70%-0.04%
Financial Health
Profit Margin (TTM) i0.06%0.27%
Operating Margin (TTM) i0.18%0.80%
Return on Equity (TTM) i0.04%0.04%
Debt to Equity (MRQ) i131.69182.70
Cash & Liquidity
Book Value per Share (MRQ)$6.22$32.78
Cash per Share (MRQ)$0.80$0.24
Operating Cash Flow (TTM) i$249.05M$49.82M
Levered Free Cash Flow (TTM) i$409.41M$-214,694,368
Dividends
Last 12-Month Dividend Yield i3.09%5.26%
Last 12-Month Dividend i$0.16$0.72

Valuation & Enterprise Metrics Analysis: Empire State Realty Trust Inc. vs Safehold Inc.

MetricESRT (Apr 24, 2026)SAFE (Jun 13, 2025)
Price Ratios
P/E Ratio (TTM) i21.9610.82
Forward P/E i91.509.69
PEG Ratio i91.509.69
Price to Sales (TTM) i2.152.89
Price to Book (MRQ) i0.880.48
Market Capitalization
Market Capitalization i$1.65B$1.13B
Enterprise Value i$3.97B$5.50B
Enterprise Value Metrics
Enterprise to Revenue i5.1714.05
Enterprise to EBITDA i12.6317.04
Risk & Other Metrics
Beta i1.391.52
Book Value per Share (MRQ) i$6.22$32.78

Financial Statements Comparison: Empire State Realty Trust Inc. vs Safehold Inc.

Financial Metrics

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Revenue

Operating Margin

Profit Margin

Long Term Debt

Income Flow Analysis

Financial Statements Comparison

Income Statement

MetricESRT (2025)SAFE (2024)
Revenue/Sales i767.81M365.69M
Cost of Goods Sold i365.02M4.22M
COGS % of Revenue i47.5%1.2%
Gross Profit i402.79M361.46M
Gross Margin i52.5%98.8%
Research & Development iN/AN/A
Operating Income (EBIT) i135.19M287.11M
Operating Margin i17.6%78.5%
EBITDA i338.70M320.36M
EBITDA Margin i44.1%87.6%
Pre-Tax Income i75.54M110.06M
Pre-Tax Income % of Revenue i9.8%30.1%
Income Tax i2.56M3.45M
Income Tax % of Revenue i0.3%0.9%
Net Income (Profit) i72.98M106.62M
Profit Margin i9.5%29.2%

Balance Sheet & Liquidity Metrics

MetricESRT (2025)SAFE (2024)
Cash & Equivalents i132.66M8.35M
Total Current Assets i443.84M2.18B
Total Current Assets % of Revenue i57.8%596.4%
Total Current Liabilities i661.81M117.51M
Total Current Liabilities % of Revenue i86.2%32.1%
Long-Term Debt i1.92B4.23B
Long-Term Debt % of Revenue i249.8%1,156.1%
Total Shareholders Equity i1.82B2.37B
Retained Earnings i-39.65M102.47M
Retained Earnings % of Revenue i-5.2%28.0%
Property, Plant & Equipment i27.94M0

Cash Flow Statement Comparison

MetricESRT (2025)SAFE (2024)
Operating Cash Flow i274.43M38.47M
Operating Cash Flow % of Revenue i35.7%10.5%
Capital Expenditures iN/AN/A
Free Cash Flow i249.05M37.86M
FCF Margin i32.4%10.4%
Debt Repayment i-520.26M-2.01B
Common Stock Repurchase i-8.12MN/A

Short Interest & Institutional Ownership Analysis

MetricESRTSAFE
Shares Short i13.17M3.31M
Short Ratio i7.959.10
Short % of Float i9.40%6.28%
Shares Outstanding i170.50M71.44M
Float Shares i140.20M55.64M
% Held by Insiders i0.09%22.42%
% Held by Institutions i102.64%74.60%
% Held by Public i-2.73%2.98%

Dividend Analysis & Yield Comparison: Empire State Realty Trust Inc. vs Safehold Inc.

MetricESRTSAFE
Last 12-Month Dividend i$0.16$0.72
Last 12-Month Dividend Yield i3.09%5.26%
3-Year Avg Annual Dividend i$0.16$1.03
3-Year Avg Dividend Yield i0.43%1.19%
3-Year Total Dividends i$0.48$3.09
Ex-Dividend DateMar 13, 2026Dec 30, 2025