Safehold (NYSE:SAFE) Issues Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Safehold (NYSE:SAFE) released its quarterly earnings results on Thursday. The company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.41 by $0.01, FiscalAI reports. Safehold had a return on equity of 4.78% and a net margin of 28.58%.

Here are the key takeaways from Safehold’s conference call:

• Investment activity accelerated: Safehold originated seven multifamily ground leases totaling $150 million, its strongest quarter since 2022, primarily in affordable housing across California and Texas.
• The company completed a $348 million Brookfield joint venture and issued $225 million of 30-year unsecured notes, helping de-lever the balance sheet, extend maturities, and increase investment capacity while retaining an option to repurchase Brookfield’s interest.
• Estimated unrealized capital appreciation rose to $9.8 billion, up $260 million quarter over quarter and nearly $1 billion since valuations bottomed in the first quarter of 2025; liquidity stood at approximately $1.4 billion.
• Management expects to continue converting its active pipeline over the next several quarters, though elevated and volatile interest rates can delay transactions because sponsors must coordinate Safehold’s capital with debt and other equity sources.
• Multifamily now represents roughly 65% of the portfolio by asset count and 61% by estimated unrealized appreciation, with management planning to keep emphasizing the sector while remaining open to other property types; office opportunities face a particularly high bar.

Safehold Trading Down 3.4%

Shares of SAFE stock traded down $0.55 on Thursday, reaching $15.80. 300,192 shares of the company’s stock were exchanged, compared to its average volume of 263,929. The company’s fifty day simple moving average is $15.84 and its 200 day simple moving average is $15.24. Safehold has a 52 week low of $12.76 and a 52 week high of $17.45. The company has a current ratio of 35.58, a quick ratio of 35.59 and a debt-to-equity ratio of 1.91. The stock has a market capitalization of $1.13 billion, a PE ratio of 9.94, a P/E/G ratio of 2.09 and a beta of 1.77.

Safehold Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were paid a dividend of $0.177 per share. This represents a $0.71 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend was Tuesday, June 30th. Safehold’s dividend payout ratio (DPR) is currently 44.65%.

Institutional Trading of Safehold

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of Safehold during the fourth quarter worth $31,000. Russell Investments Group Ltd. grew its holdings in shares of Safehold by 115.0% in the second quarter. Russell Investments Group Ltd. now owns 3,344 shares of the company’s stock worth $52,000 after purchasing an additional 1,789 shares during the last quarter. Advisory Services Network LLC purchased a new position in Safehold in the 3rd quarter worth about $57,000. Federation des caisses Desjardins du Quebec increased its stake in Safehold by 25.8% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 4,429 shares of the company’s stock worth $61,000 after buying an additional 908 shares during the period. Finally, Tower Research Capital LLC TRC lifted its holdings in Safehold by 98.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,832 shares of the company’s stock valued at $75,000 after buying an additional 2,393 shares in the last quarter. Hedge funds and other institutional investors own 70.38% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on SAFE shares. Zacks Research upgraded Safehold from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 21st. The Goldman Sachs Group decreased their price target on Safehold from $27.00 to $23.00 and set a “buy” rating on the stock in a report on Friday, May 15th. Royal Bank Of Canada downgraded Safehold from a “market outperform” rating to a “sector perform” rating and lowered their price target for the stock from $18.00 to $16.00 in a research report on Friday, May 1st. Weiss Ratings reiterated a “hold (c-)” rating on shares of Safehold in a research report on Friday, July 17th. Finally, Wall Street Zen upgraded shares of Safehold from a “sell” rating to a “hold” rating in a report on Saturday, July 4th. Three analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $18.71.

About Safehold

Safehold Inc is a real estate investment trust that seeks to redefine land ownership for commercial property owners. The company acquires perpetual ground leases from landowners and structures long-term leaseback arrangements, enabling building owners to unlock the value of underlying land without relinquishing operational control of their properties. By separating land ownership from building ownership, Safehold offers an alternative to traditional mortgage financing and land sale–leaseback transactions.

Safehold’s portfolio spans multiple commercial real estate sectors, including office, multifamily, industrial and retail, with a focus on high-quality properties in major U.S.