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.
Company profile
Ticker
SAFE
Exchange
Website
CEO
Jay Sugarman
Employees
Location
Fiscal year end
Industry (SIC)
Former names
ISTAR FINANCIAL INC, ISTAR INC., STARWOOD FINANCIAL INC
SEC CIK
Corporate docs
Subsidiaries
100 Cambridgeside Lender LLC • 100 Cambridgeside Lender Member LLC • 100 Cambridgeside Pl Ground Owner LLC • 100 Cambridgeside Pl Member LLC • 1000 E Apache Blvd Ground Owner LLC • 1000 South Clark Ground Owner LLC • 1001 South Center Street Ground Owner LLC • 1007 South Congress North Unit Ground Owner LLC • 101 S Federal Highway Ground Owner LLC • 102 A Philip Randolph Blvd Ground Owner LLC ...
IRS number
956881527
SAFE stock data
Latest filings (excl ownership)
8-K
Safehold Announces Pricing of $300 Million of Senior Unsecured Notes Due 2034
4 Mar 24
424B5
Prospectus supplement for primary offering
1 Mar 24
FWP
Free writing prospectus
29 Feb 24
424B5
Prospectus supplement for primary offering
29 Feb 24
10-K
2023 FY
Annual report
13 Feb 24
8-K
Other Events
12 Feb 24
8-K
Safehold Reports Fourth Quarter and Fiscal Year 2023 Results
12 Feb 24
8-K
Safehold Announces Leadership Changes
16 Jan 24
S-8
Registration of securities for employees
5 Dec 23
8-K
Departure of Directors or Certain Officers
27 Nov 23
Transcripts
SAFE
Earnings call transcript
2023 Q4
13 Feb 24
SAFE
Earnings call transcript
2023 Q3
1 Nov 23
SAFE
Earnings call transcript
2023 Q2
1 Aug 23
SAFE
Earnings call transcript
2023 Q1
26 Apr 23
SAFE
Earnings call transcript
2022 Q4
21 Feb 23
SAFE
Earnings call transcript
2022 Q4
14 Feb 23
SAFE
Earnings call transcript
2022 Q3
3 Nov 22
SAFE
Earnings call transcript
2022 Q2
4 Aug 22
SAFE
Earnings call transcript
2022 Q1
3 May 22
SAFE
Earnings call transcript
2021 Q4
24 Feb 22
Latest ownership filings
4
Brett Asnas
4 Mar 24
SC 13G/A
MSD CAPITAL L P
13 Feb 24
SC 13G/A
BlackRock Inc.
23 Jan 24
4
JAY SUGARMAN
2 Jan 24
144
Notice of proposed sale of securities
19 Dec 23
4
JAY S NYDICK
19 Dec 23
144
Notice of proposed sale of securities
18 Dec 23
4
ROBIN JOSEPHS
12 Dec 23
144
Notice of proposed sale of securities
12 Dec 23
4
JAY SUGARMAN
9 Aug 23
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
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Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 39.46 mm | 39.46 mm | 39.46 mm | 39.46 mm | 39.46 mm | 39.46 mm |
Cash burn (monthly) | 988.00 k | 4.51 mm | 43.41 mm | 35.22 mm | (no burn) | 1.01 mm |
Cash used (since last report) | 5.89 mm | 26.90 mm | 258.97 mm | 210.07 mm | n/a | 6.04 mm |
Cash remaining | 33.57 mm | 12.56 mm | -219.51 mm | -170.61 mm | n/a | 33.42 mm |
Runway (months of cash) | 34.0 | 2.8 | -5.1 | -4.8 | n/a | 33.0 |
Institutional ownership, Q3 2023
91.6% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 176 |
Opened positions | 35 |
Closed positions | 29 |
Increased positions | 81 |
Reduced positions | 37 |
13F shares | Current |
---|---|
Total value | 833.94 bn |
Total shares | 65.13 mm |
Total puts | 504.82 k |
Total calls | 670.09 k |
Total put/call ratio | 0.8 |
Largest owners | Shares | Value |
---|---|---|
STHO Star | 13.52 mm | $0.00 |
BLK Blackrock | 8.03 mm | $142.93 bn |
Vanguard | 7.71 mm | $137.23 bn |
MSD Capital L P | 5.78 mm | $102.93 bn |
Long Pond Capital | 4.62 mm | $82.20 bn |
GIC Private | 4.25 mm | $124.78 mm |
NewEdge Wealth | 2.75 mm | $48.94 bn |
T. Rowe Price Investment Management | 2.52 mm | $44.83 bn |
STT State Street | 2.41 mm | $43.24 bn |
Geode Capital Management | 996.04 k | $17.73 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
29 Feb 24 | Brett Asnas | RSU | Grant | Acquire A | No | No | 0 | 49,702 | 0.00 | 109,807 |
29 Feb 24 | Brett Asnas | Common Stock | Payment of exercise | Dispose F | No | No | 0 | 15,490 | 0.00 | 61,733 |
29 Feb 24 | Brett Asnas | Common Stock | Grant | Acquire A | No | No | 0 | 37,677 | 0.00 | 61,733 |
29 Dec 23 | Jay Sugarman | Common Stock | Gift | Acquire G | Yes | No | 0 | 100,000 | 0.00 | 166,946 |
29 Dec 23 | Jay Sugarman | Common Stock | Gift | Dispose G | No | No | 0 | 100,000 | 0.00 | 1,621,307 |
19 Dec 23 | Nydick Jay S | Common Stock | Sell | Dispose S | Yes | No | 23 | 8,046 | 185.06 k | 30,000 |
18 Dec 23 | Nydick Jay S | Common Stock | Sell | Dispose S | No | No | 23.0188 | 10,500 | 241.70 k | 21,942 |
12 Dec 23 | Josephs Robin | Common Stock | Sell | Dispose S | Yes | No | 21.425 | 1,150 | 24.64 k | 94,263 |
8 Aug 23 | Jay Sugarman | Common Stock | Buy | Acquire P | Yes | No | 21.4 | 65,420 | 1.40 mm | 156,446 |
News
Truist Securities Maintains Hold on Safehold, Lowers Price Target to $21
12 Mar 24
Truist Securities Maintains Hold on Safehold, Lowers Price Target to $21
11 Mar 24
Beyond The Numbers: 7 Analysts Discuss Safehold Stock
7 Mar 24
Mizuho Maintains Buy on Safehold, Lowers Price Target to $22
7 Mar 24
Safehold Prices $300M 6.100% Senior Unsecured Notes Due 2034
1 Mar 24
Press releases
Safehold Announces Pricing of $300 Million of Senior Unsecured Notes Due 2034
29 Feb 24
Star Holdings Reports Fourth Quarter and Fiscal Year 2023 Results
27 Feb 24
Safehold Sets Fourth Quarter and Fiscal Year 2023 Earnings Release and Webcast
30 Jan 24
Safehold Announces Leadership Changes
16 Jan 24
Safehold Announces Tax Treatment of 2023 Dividends, Including Pre-Merger Distributions
8 Jan 24