Safehold (SAFE) | Financial Analysis & Statements

Safehold Inc. | Small-cap | Real Estate

$15.69

-0.76%

Safehold vs Vici Properties Safehold vs W. P. Carey Safehold vs Global Net Lease Safehold vs American Assets Safehold vs Gladstone Commercial Safehold vs S&P 500 | Market

Overview Income Statement Balance Sheet Cash Flow Key Ratios Peer Comparison

Financial Overview

Latest Annual: 2024

Income Metrics

Revenue 365.7M

Gross Profit 361.5M 98.84%

Operating Income 287.1M 78.51%

Net Income 106.6M 29.15%

EPS (Diluted) $1.48

Balance Sheet Metrics

Total Assets 6.9B

Total Liabilities 4.5B

Shareholders Equity 2.4B

Debt to Equity 1.91

Cash Flow Metrics

Operating Cash Flow 38.5M

Free Cash Flow 37.9M

Revenue & Profitability Trend

Safehold Income Statement From 2020 to 2024

Metric	2024	2023	2022	2021	2020
Revenue	365.7M	352.6M	270.3M	187.0M	155.4M
Cost of Goods Sold	4.2M	4.7M	3.1M	2.7M	2.5M
Gross Profit	361.5M	347.9M	267.2M	184.4M	152.9M
Operating Expenses	54.9M	65.4M	26.1M	28.8M	22.7M
Operating Income	287.1M	269.8M	231.5M	146.0M	120.8M
Pre-tax Income	110.1M	-52.8M	144.7M	73.4M	59.5M
Income Tax	3.4M	1.7M	0	0	-
Net Income	106.6M	-54.6M	144.7M	73.4M	59.5M
EPS (Diluted)	$1.48	-$0.82	$2.17	$1.32	$1.17

Income Statement Trend

Safehold Balance Sheet From 2020 to 2024

Metric	2024	2023	2022	2021	2020
Assets
Current Assets	2.2B	2.0B	1.6B	954.2M	767.2M
Non-Current Assets	4.7B	4.6B	4.3B	3.6B	2.4B
Total Assets	6.9B	6.5B	5.9B	4.5B	3.2B
Liabilities
Current Liabilities	117.5M	101.1M	80.3M	48.9M	32.8M
Non-Current Liabilities	4.4B	4.2B	3.6B	2.8B	1.8B
Total Liabilities	4.5B	4.3B	3.7B	2.8B	1.8B
Equity
Total Shareholders Equity	2.4B	2.3B	2.2B	1.7B	1.4B

Balance Sheet Composition

Safehold Cash Flow Statement From 2020 to 2024

Metric	2024	2023	2022	2021	2020
Operating Activities
Net Income	106.6M	-54.6M	144.7M	73.4M	59.5M
Operating Cash Flow	38.5M	-116.0M	127.7M	32.8M	37.8M
Investing Activities
Capital Expenditures	-	-	-	-1.2B	-474.1M
Investing Cash Flow	-270.6M	-569.3M	-1.3B	-2.5B	-946.8M
Financing Activities
Dividends Paid	-50.6M	-46.0M	-42.2M	-35.9M	-32.0M
Financing Cash Flow	144.9M	559.5M	1.1B	1.2B	544.6M
Free Cash Flow	37.9M	15.4M	64.9M	26.9M	35.7M

Cash Flow Trend

Safehold Key Financial Ratios

Valuation Ratios

P/E Ratio (TTM) 10.82

Forward P/E 9.69

Price to Book 0.48

Price to Sales 2.89

PEG Ratio 9.69

Profitability Ratios

Profit Margin 26.69%

Operating Margin 80.47%

Return on Equity 4.44%

Return on Assets 2.85%

Financial Health

Current Ratio 40.73

Debt to Equity 182.70

Beta 1.52

Per Share Data

EPS (TTM) $1.46

Book Value per Share $32.78

Revenue per Share $5.48

Peer Financial Comparison

Company	Market Cap	P/E Ratio	P/B Ratio	ROE	Profit Margin	Debt/Equity
safe	1.1B	10.82	0.48	4.44%	26.69%	182.70
Vici Properties	34.7B	13.14	1.30	10.12%	67.81%	65.74
W. P. Carey	13.8B	32.54	1.65	5.01%	26.78%	94.04
Global Net Lease	1.7B	-9.95	0.91	-9.88%	-37.64%	170.96
American Assets	1.6B	15.33	1.03	8.87%	17.74%	148.05
Gladstone Commercial	680.6M	48.57	3.64	7.64%	16.94%	211.66

Financial data is updated regularly. All figures are in the company's reporting currency.