SAFE on NYSE

Safehold Inc.

American real estate investment trust, incorporated in Maryland.

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Last updated Oct 18, 2026.

Overview

Compare with Hersha Hospitality Trust, Acadia Realty Trust or CIM GROUP, INC., or pick any stock.

TickerSAFE on NYSE
IndustryReal Estate Investment Trusts
HeadquartersMD
Incorporated inMD²
Business addressOne Penn Plaza, 51St Floor, New York, Ny 10119²
Filer categoryLarge accelerated filer²

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

26.2%Operating margin³

29.7%Net margin³

5.4%Revenue growth, 2025³

4.8%Return on equity³

1.90×Debt to equity³

Where the money goes

Where each dollar of revenue went, fiscal 2025

Other costsProfit

Cost of revenue1¢$4.8M
Other costs68¢$263.4M
Income tax1¢$2.9M
Profit30¢$114.5M

Out of $385.6M in revenue.³

Where each dollar of operating cash went, fiscal 2025

Dividends paid

Dividends paid100¢$50.9M

Out of $47.8M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.³

Financial statements

Revenue⁴⁵⁶⁷³$385.6M in 2025+41% since 2019

Operating income⁶⁷³$100.9M in 2025+54% since 2021

Net income⁴⁵⁶⁷³$114.5M in 2025−65% since 2019

Fiscal year	2019	2020	2021	2022	2023	2024	2025
Revenue	$273.7M⁴	$324.1M⁵	$187.0M⁶	$270.3M⁷	$352.6M³	$365.7M³	$385.6M³
Cost of revenue			$2.7M⁶	$3.1M⁷	$4.7M³	$4.2M³	$4.8M³
Operating income			$65.5M⁶	$135.6M⁷	-$77.1M³	$87.1M³	$100.9M³
Interest	$141.7M⁴	$126.8M⁵	$79.7M⁶	$129.0M⁶	$181.0M⁶
Income tax	$369.0K⁴	$89.0K⁵	-$118.0K⁵	$567.0K⁵	$1.7M³	$3.4M³	$2.9M³
Net income	$324.0M⁴	-$42.4M⁵	$73.1M⁶	$135.4M⁷	-$55.0M³	$105.8M³	$114.5M³
Earnings per share	$4.51⁴	-$0.87⁵	$1.32⁶	$2.17⁷	-$0.82³	$1.48³	$1.60³
Earnings per share (diluted)	$4.51⁴	-$0.87⁵	$1.32⁶	$2.17⁷	-$0.82³	$1.48³	$1.59³

Total assets¹⁰⁴⁵⁶⁷³$7.2B in 2025+43% since 2019

Total liabilities¹⁰⁴⁵⁶⁷³$4.8B in 2025+25% since 2019

Shareholders’ equity¹⁰⁴⁵⁶⁷³$2.4B in 2025+131% since 2019

Cash⁴⁵⁶⁷³$21.7M in 2025−93% since 2019

Long-term debt¹⁰⁴⁵⁶⁷³$4.6B in 2025+35% since 2019

Fiscal year	2019	2020	2021	2022	2023	2024	2025
Cash	$307.2M⁴	$98.6M⁵	$29.6M⁶	$20.1M⁷	$18.8M³	$8.3M³	$21.7M³
Total assets	$5.1B¹⁰	$4.9B⁴	$4.8B⁵	$5.9B⁶	$6.5B⁷	$6.9B³	$7.2B³
Long-term debt	$3.4B¹⁰	$2.6B⁴	$2.6B⁵	$3.5B⁶	$4.1B⁷	$4.3B³	$4.6B³
Total liabilities	$3.8B¹⁰	$3.8B⁴	$3.8B⁵	$3.7B⁶	$4.3B⁷	$4.5B³	$4.8B³
Shareholders’ equity	$1.0B¹⁰	$871.0M⁴	$851.3M⁵	$2.1B⁶	$2.2B⁷	$2.3B³	$2.4B³
Shares outstanding	77.8M shares¹⁰	74.0M shares⁴	68.9M shares⁵	62.4M shares⁶	71.1M shares⁷	71.4M shares³	71.8M shares³

Cash from operations⁴⁵⁶⁷³$47.8M in 2025

Dividends paid⁴⁵⁶⁷³$50.9M in 2025+103% since 2019

Share buybacks⁴⁵$122.6M in 2021+80% since 2019

Fiscal year	2019	2020	2021	2022	2023	2024	2025
Cash from operations	-$45.6M⁴	$21.9M⁵	$26.9M⁶	$64.9M⁷	$15.4M³	$37.9M³	$47.8M³
Dividends paid	$25.1M⁴	$32.7M⁵	$35.9M⁶	$42.2M⁷	$46.0M³	$50.6M³	$50.9M³
Share buybacks	$68.3M⁴	$54.6M⁵	$122.6M⁵
Dividend per share	$0.39⁴	$0.43⁵	$0.67⁶	$0.70⁷	$0.71³	$0.71³	$0.71³

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Leadership

Who has led Safehold Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

Jay Sugarman2006–now

Chair

Jay Sugarman2006–now

President

Chief financial officer

Chief operating officer

Geoffrey G. Jervis2016–2018

2010201520202025

Chief executive officerJay Sugarman Mar 3, 2006 to now¹¹
ChairJay Sugarman Mar 3, 2006 to now¹¹
PresidentMichael Lane Trachtenberg Dec 3, 2025 to now¹²
PresidentMarcos Alvarado May 28, 2019 to Mar 31, 2023¹³
PresidentJay S. Nydick Mar 24, 2006 to May 29, 2009¹⁴
Chief financial officerBrett Asnas Feb 24, 2022 to now¹⁵
Chief financial officerJeremy Fox-Geen Jul 16, 2020 to Mar 11, 2021¹⁶
Chief financial officerAndrew C. Richardson Apr 2, 2018 to Apr 2, 2018¹⁷
Chief financial officerGeoffrey G. Jervis Jun 21, 2016 to Mar 30, 2018¹⁸
Chief financial officerDavid Michael Distaso Jan 5, 2012 to Apr 20, 2016¹⁹
Chief financial officerCatherine Rice Mar 3, 2006 to Mar 4, 2009²⁰
Chief operating officerGeoffrey G. Jervis Jun 21, 2016 to Mar 30, 2018¹⁸

Board members and other officers (22)

Chief Accounting OfficerChristopher Michael Uhlick Jul 8, 2025 to now²¹
Chief Accounting OfficerGarett Rosenblum Feb 25, 2021 to Mar 31, 2023²²
Chief Investment OfficerMarcos Alvarado Feb 27, 2018 to Feb 27, 2018²³
Chief Accounting OfficerCollin Lee Cochrane Feb 22, 2011 to Feb 20, 2013²⁴
CHIEF ACCOUNTING OFFICERDavid Michael Distaso Aug 3, 2009 to Feb 22, 2010²⁵
Executive Vice PresidentNina Matis Oct 6, 2008 to Oct 14, 2008²⁶
Board memberMarcos Alvarado Mar 31, 2023 to Mar 31, 2023²⁷
Board memberJay S. Nydick Apr 4, 2023 to now²⁸
Board memberJesse Hom Apr 4, 2023 to Apr 4, 2023²⁹
Board memberStefan M. Selig Apr 4, 2023 to now³⁰
Board memberAnita M. Sands Feb 26, 2020 to May 26, 2020³¹
Board memberClifford Desouza Sep 3, 2015 to Apr 4, 2023³²
Board memberBarry W. Ridings Aug 11, 2011 to now³³
Board memberJeffrey A. Weber Jan 8, 2009 to May 27, 2010³⁴
Board memberRobert W. Holman Jr. Jan 8, 2009 to May 23, 2019³⁵
Board memberDale Anne Reiss Jul 2, 2008 to Jan 10, 2019³⁶
Board memberGlenn R. August Nov 10, 2008 to Jun 6, 2011³⁷
Board memberCarter McClelland Jul 19, 2007 to Jul 19, 2007³⁸
Board memberRobin Josephs Aug 10, 2007 to now³⁹
Board memberGeorge R. Puskar May 5, 2006 to Jun 12, 2012⁴⁰
Board memberJohn G. McDonald May 30, 2006 to May 23, 2016⁴¹
General counselNina Matis Mar 4, 2009 to Feb 4, 2019⁴²

Former names

ISTAR INC.Jun 19, 2015 to Apr 5, 2023²
ISTAR FINANCIAL INCJun 27, 2000 to Aug 19, 2015²
STARWOOD FINANCIAL INCOct 5, 1999 to Mar 30, 2000²

Timeline

Mar 3, 2006New chief executive Jay Sugarman becomes CEO¹¹

Filings

299 filings to the SEC since October 2021: 7 annual reports, 15 quarterly reports, 74 major events, 115 insider forms, 29 large holders, 59 other. The latest 20:

Oct 2, 20268-K EDGAR
Sep 11, 20264 EDGAR
Sep 9, 2026144 EDGAR
Aug 14, 2026SCHEDULE 13G/A EDGAR
Aug 3, 20268-K EDGAR
Jul 31, 202610-Q EDGAR
Jul 30, 20268-K EDGAR
Jul 30, 20268-K EDGAR
Jul 17, 20264 EDGAR
Jul 17, 20264 EDGAR
Jun 16, 20268-K EDGAR
Jun 12, 20268-K EDGAR
Jun 1, 20264 EDGAR
May 18, 2026S-8 EDGAR
May 15, 20264 EDGAR
May 15, 20264 EDGAR
May 15, 20264 EDGAR
May 15, 20268-K EDGAR
May 15, 20264 EDGAR
May 1, 202610-Q EDGAR

The 299 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last three years, summarized. The full record is on SEC EDGAR.

Insider trades and holders

Large holders

Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 29 such filings since October 2021, the latest 10:

Aug 14, 2026SCHEDULE 13G/A
Apr 29, 2026SCHEDULE 13G
Mar 27, 2026SCHEDULE 13G/A
Nov 14, 2024SC 13G
Feb 13, 2024SC 13G/A
Jan 23, 2024SC 13G/A
Jul 10, 2023SC 13G/A
May 5, 2023SC 13G
Apr 11, 2023SC 13D
Apr 10, 2023SC 13G/A

From Forms 4 and Schedules 13D and 13G filed with the SEC.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

Fund	Shares	Value	Share of the fund	Change
BlackRock, Inc.	9,938,575	$156.0M	0.0%	+200,628
Msd Capital, L.P.	5,782,745	$90.8M	89.2%	No change
Vanguard Portfolio Management LLC	5,095,645	$80.0M	0.0%	+99,625
State Street Corp	2,596,198	$41.2M	0.0%	−10,975
Vanguard Capital Management LLC	2,300,293	$36.1M	0.0%	+33,087
Geode Capital Management, LLC	1,469,703	$23.1M	0.0%	+114,441
Ameriprise Financial Inc	1,143,866	$18.0M	0.0%	+135,490
Jpmorgan Chase & Co	861,555	$14.0M	0.0%	+46,710
Charles Schwab Investment Management Inc	843,064	$13.2M	0.0%	+44,894
Morgan Stanley	793,269	$12.5M	0.0%	−63,669
NewEdge Wealth, LLC	670,665	$10.5M	0.1%	−96,444
Northern Trust Corp	652,777	$10.2M	0.0%	+37,220
Algert Global LLC	608,243	$9.5M	0.1%	−192,486
Aqr Capital Management LLC	524,190	$8.2M	0.0%	+77,911
Goldman Sachs Group Inc	456,183	$7.2M	0.0%	+176,461
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC	415,613	$6.5M	0.0%	−3,707
Bank of New York Mellon Corp	411,971	$6.5M	0.0%	+16,016
Bank Of America Corp /de/	328,214	$5.2M	0.0%	−9,070
Vanguard Fiduciary Trust Co	312,571	$4.9M	0.0%	+3,919
Denali Advisors LLC	309,600	$4.9M	0.5%	No change
State of New Jersey Common Pension Fund D	302,479	$4.7M	0.0%	+78,347
Michelson Medical Research Foundation, Inc.	297,477	$4.7M	4.3%	No change
Legal & General Group Plc	293,180	$4.6M	0.0%	−11,626
Principal Financial Group Inc	292,924	$4.6M	0.0%	+3,703
Peregrine Capital Management LLC	290,919	$4.6M	0.1%	−25,371

13F reports cover disclosed long positions in U.S. stocks only.

Sources

The numbers on this page point here. Each one links to the record it came from.

1
SEC EDGARSafehold Inc. filings on SEC EDGAR
2
SEC EDGARSafehold Inc. filings on SEC EDGAR
3
SEC EDGARSafehold Inc. 10-K for fiscal 2025
4
SEC EDGARSafehold Inc. 10-K for fiscal 2019
5
SEC EDGARSafehold Inc. 10-K for fiscal 2020
6
SEC EDGARSafehold Inc. 10-K for fiscal 2021
7
SEC EDGARSafehold Inc. 10-K for fiscal 2022
8
SEC EDGARSafehold Inc. 10-Q for fiscal 2026
9
SEC EDGARSafehold Inc. 10-Q for fiscal 2026
10
SEC EDGARSafehold Inc. 10-K for fiscal 2019
11
SEC EDGARJay Sugarman, Chief executive officer
12
SEC EDGARMichael Lane Trachtenberg, President
13
SEC EDGARMarcos Alvarado, President
14
SEC EDGARJay S. Nydick, President
15
SEC EDGARBrett Asnas, Chief financial officer
16
SEC EDGARJeremy Fox-Geen, Chief financial officer
17
SEC EDGARAndrew C. Richardson, Chief financial officer
18
SEC EDGARGeoffrey G. Jervis, Chief financial officer
19
SEC EDGARDavid Michael Distaso, Chief financial officer
20
SEC EDGARCatherine Rice, Chief financial officer
21
SEC EDGARChristopher Michael Uhlick, Chief Accounting Officer
22
SEC EDGARGarett Rosenblum, Chief Accounting Officer
23
SEC EDGARMarcos Alvarado, Chief Investment Officer
24
SEC EDGARCollin Lee Cochrane, Chief Accounting Officer
25
SEC EDGARDavid Michael Distaso, CHIEF ACCOUNTING OFFICER
26
SEC EDGARNina Matis, Executive Vice President
27
SEC EDGARMarcos Alvarado, Board member
28
SEC EDGARJay S. Nydick, Board member
29
SEC EDGARJesse Hom, Board member
30
SEC EDGARStefan M. Selig, Board member
31
SEC EDGARAnita M. Sands, Board member
32
SEC EDGARClifford Desouza, Board member
33
SEC EDGARBarry W. Ridings, Board member
34
SEC EDGARJeffrey A. Weber, Board member
35
SEC EDGARRobert W. Holman Jr., Board member
36
SEC EDGARDale Anne Reiss, Board member
37
SEC EDGARGlenn R. August, Board member
38
SEC EDGARCarter McClelland, Board member
39
SEC EDGARRobin Josephs, Board member
40
SEC EDGARGeorge R. Puskar, Board member
41
SEC EDGARJohn G. McDonald, Board member
42
SEC EDGARNina Matis, General counsel