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
Website
CEO
Jay Sugarman
Employees
Location
Fiscal year end
Sector
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
Latest filings (excl ownership)
10-Q
2024 Q2
Quarterly report
30 Jul 24
8-K
Other Events
29 Jul 24
8-K
Safehold Reports Second Quarter 2024 Results
29 Jul 24
8-K
Safehold Announces $750 Million Commercial Paper Note Program
21 Jun 24
S-8
Registration of securities for employees
31 May 24
8-K
Departure of Directors or Certain Officers
16 May 24
10-Q
2024 Q1
Quarterly report
7 May 24
8-K
Other Events
6 May 24
8-K
Safehold Reports First Quarter 2024 Results
6 May 24
8-K
Safehold Announces New $2.0 Billion Unsecured Revolving Credit Facility
15 Apr 24
Transcripts
Earnings call transcript
2024 Q2
30 Jul 24
Earnings call transcript
2024 Q1
7 May 24
Earnings call transcript
2023 Q4
13 Feb 24
Earnings call transcript
2023 Q3
1 Nov 23
Earnings call transcript
2023 Q2
1 Aug 23
Earnings call transcript
2023 Q2
1 Aug 23
Earnings call transcript
2023 Q1
26 Apr 23
Earnings call transcript
2022 Q4
21 Feb 23
Earnings call transcript
2022 Q4
14 Feb 23
Earnings call transcript
2022 Q3
3 Nov 22
Financial summary
Quarter (USD) | Jun 24 | Mar 24 | Dec 23 | Sep 23 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 23 | Dec 22 | Dec 21 | Dec 20 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
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) | 22.02 mm | 22.02 mm | 22.02 mm | 22.02 mm | 22.02 mm | 22.02 mm |
Cash burn (monthly) | 5.72 mm | 1.70 mm | (no burn) | 2.14 mm | (no burn) | (no burn) |
Cash used (since last report) | 19.32 mm | 5.75 mm | n/a | 7.23 mm | n/a | n/a |
Cash remaining | 2.70 mm | 16.28 mm | n/a | 14.79 mm | n/a | n/a |
Runway (months of cash) | 0.5 | 9.6 | n/a | 6.9 | n/a | n/a |
Institutional ownership, Q3 2023
91.2% 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 |
---|---|---|---|---|---|---|---|---|---|---|
15 Jul 24 | Josephs Robin | Common Stock | Grant | Acquire A | No | No | 0 | 238 | 0.00 | 38,837 |
15 Jul 24 | Ridings Barry W | Common Stock | Grant | Acquire A | No | No | 0 | 22 | 0.00 | 43,946 |
15 May 24 | Ridings Barry W | Common Stock | Grant | Acquire A | No | No | 0 | 7,090 | 0.00 | 43,034 |
15 May 24 | Josephs Robin | Common Stock | Grant | Acquire A | No | No | 0 | 7,090 | 0.00 | 28,531 |
15 May 24 | Nydick Jay S | Common Stock | Grant | Acquire A | No | No | 0 | 7,090 | 0.00 | 29,797 |
News
Truist Securities Maintains Hold on Safehold, Raises Price Target to $22
5 Aug 24
Deep Dive Into Safehold Stock: Analyst Perspectives (6 Ratings)
31 Jul 24
Wedbush Maintains Neutral on Safehold, Raises Price Target to $25
31 Jul 24
Safehold Q2 Adj $0.41 Beats $0.36 Estimate, Sales $89.89M Beat $88.19M Estimate
29 Jul 24