Safehold Inc. (SAFE)

Over the past six months, Safehold's stock price has trended down. Safehold secured a $400 million unsecured term loan maturing in November 2030, enhancing its liquidity. S&P Global Ratings upgraded Safehold's credit rating to A- from BBB+ with a stable outlook. Goldman Sachs raised its price target for Safehold, while Royal Bank of Canada lowered its price target. Safehold reported its Q3 2025 earnings, exceeding analyst estimates. The company paid a quarterly dividend of $0.177 per share. Mizuho increased its target price, while Truist Financial dropped its price target. JMP Securities cut its price target for Safehold. Safehold reported its Q2 2025 results, closing $220 million in originations.

Safehold's products and services are not subject to significant demand seasonality due to the nature of its long-term ground leases. The company's business model is designed to provide stable and predictable cash flows, with ground rent payments being highly secure. Safehold's focus on high-quality properties and its risk-averse business model contribute to a consistent demand profile.

Safehold, Inc. is a real estate investment trust (REIT) specializing in modern ground lease capital solutions. The company acquires, owns, manages, finances, and capitalizes ground leases, focusing on building a diversified portfolio of high-quality ground leases that generate attractive risk-adjusted returns and support stable distributions to shareholders. Safehold's ground lease capital solution helps property owners unlock land value, generate higher returns, and mitigate risk, with leases typically ranging from 50 to 100 years.

Safehold's portfolio of properties is strategically located across major metropolitan areas throughout the United States, including Manhattan, Washington D.C., Boston, Los Angeles, San Francisco, Denver, Honolulu, Nashville, Miami, Atlanta, Seattle, Portland, San Diego, Salt Lake City, Colorado Springs, Phoenix, Austin, Dallas, San Antonio, and Houston.

Safehold maintains a strong brand reputation, evidenced by an aggregate usefulness score of 4.7 out of 5.0 for its responsibility reports. A significant positive event was the upgrade of its credit rating to A- from BBB+ by S&P Global Ratings, acknowledging the strength of Safehold's credit profile, market-leading position, high-quality portfolio, and stable balance sheet.

Safehold's ownership is composed of institutional shareholders, Safehold insiders, and retail investors. Holdings Star is the largest individual shareholder. Major institutional owners include BlackRock Inc., Vanguard Group Inc., MSD Capital LP, and T. Rowe Price Investment Management Inc. Other significant institutional holders include State Street Corp, GIC Private Ltd, JPMorgan Chase & Co, and Geode Capital Management LLC.