SAFE on NYSE

Safehold Inc.

In its 2026 annual report the company says: “We are a publicly-traded company that operates our business through one reportable segment by acquiring, managing and capitalizing ground leases. Our CPI lookbacks are generally capped between 3.0% - 3.5% and generally start between years 11 and 21 of the lease term.”4 It is headquartered in New York, New York.1 Its shares trade on NYSE under the symbol SAFE.1

Price unavailable

Last updated Oct 21, 2026.

Overview

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  • TickerSAFE on NYSE1
  • IndustryReal Estate Investment Trusts1
  • HeadquartersNew York, New York1
  • Incorporated inMD2
  • Business addressOne Penn Plaza, 51St Floor, New York, Ny 101192
  • Filer categoryLarge accelerated filer2

We are a publicly-traded company that operates our business through one reportable segment by acquiring, managing and capitalizing ground leases. We believe that our business has characteristics comparable to a high-grade, fixed income investment business, but with certain unique advantages. Relative to alternative fixed income investments generally, our ground leases typically benefit from built-in growth derived from contractual base rent increases (either at a specified percentage or consumer price index ("CPI") based, or both), and the opportunity to realize value from residual rights to take ownership of the buildings and other improvements on our land at no additional cost to us. Our CPI lookbacks are generally capped between 3.0% - 3.5% and generally start between years 11 and 21 of the lease term. In the event cumulative inflation growth for the lookback period exceeds the cap, t…4 From its latest annual report

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 margin5
29.7%Net margin5
5.4%Revenue growth, 20255
4.8%Return on equity5
1.90×Debt to equity5

Where the money goes

Where each dollar of revenue went, fiscal 2025

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

Out of $385.6M in revenue.5

Where each dollar of operating cash went, fiscal 2025

  • Dividends paid100¢$50.9M

Out of $47.8M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.5

Financial statements

Revenue67895$385.6M in 2025+41% since 2019
0$100.0M$200.0M$300.0M$400.0M2019: $273.7M$273.7M20192020: $324.1M$324.1M2020+18%2021: $187.0M$187.0M2021−42%2022: $270.3M$270.3M2022+45%2023: $352.6M$352.6M2023+30%2024: $365.7M$365.7M2024+4%2025: $385.6M$385.6M2025+5%
Operating income895$100.9M in 2025+54% since 2021
-$100.0M0$100.0M$200.0M2021: $65.5M$65.5M20212022: $135.6M$135.6M2022+107%2023: -$77.1M-$77.1M20232024: $87.1M$87.1M20242025: $100.9M$100.9M2025+16%
Net income67895$114.5M in 2025−65% since 2019
-$100.0M0$100.0M$200.0M$300.0M$400.0M2019: $324.0M$324.0M20192020: -$42.4M-$42.4M20202021: $73.1M$73.1M20212022: $135.4M$135.4M2022+85%2023: -$55.0M-$55.0M20232024: $105.8M$105.8M20242025: $114.5M$114.5M2025+8%
Fiscal year2019202020212022202320242025
Revenue$273.7M6$324.1M7$187.0M8$270.3M9$352.6M5$365.7M5$385.6M5
Cost of revenue$2.7M8$3.1M9$4.7M5$4.2M5$4.8M5
Operating expenses$121.6M8$190.5M9$430.1M5$278.6M5$284.7M5
Operating income$65.5M8$135.6M9-$77.1M5$87.1M5$100.9M5
Interest$141.7M6$126.8M7$79.7M8$129.0M8$181.0M8
Income before tax$73.4M8$144.7M9-$52.8M5$110.1M5$117.6M5
Income tax$369.0K6$89.0K7-$118.0K7$567.0K7$1.7M5$3.4M5$2.9M5
Net income$324.0M6-$42.4M7$73.1M8$135.4M9-$55.0M5$105.8M5$114.5M5
Earnings per share$4.516-$0.877$1.328$2.179-$0.825$1.485$1.605
Earnings per share (diluted)$4.516-$0.877$1.328$2.179-$0.825$1.485$1.595
Shares (weighted, basic)55.2M shares862.4M shares966.7M shares571.4M shares571.7M shares5
Shares (weighted, diluted)55.3M shares862.4M shares966.7M shares571.5M shares571.8M shares5

Compare Safehold Inc. with another company

Corporate structure

Safehold Inc. sits at the top of its group. 300 entities, 2 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Safehold Inc.

  • Safehold Inc. New York, New York
    • Safehold Inc. /MD Stake · New York, New York
    • 100 Cambridgeside Lender LLC Subsidiary · Delaware, United States
    • 100 Cambridgeside Lender Member LLC Subsidiary · Delaware, United States
    • 100 Cambridgeside Pl Ground Owner LLC Subsidiary · Delaware, United States
    • 100 Cambridgeside Pl Member LLC Subsidiary · Delaware, United States
    • 1000 E Apache Blvd Ground Owner LLC Subsidiary · Delaware, United States
    • 1000 South Clark Ground Owner LLC Subsidiary · Delaware, United States
    • 1001 South Center Street Ground Owner LLC Subsidiary · Delaware, United States
    • 1007 South Congress North Unit Ground Owner LLC Subsidiary · Delaware, United States
    • 101 S Federal Highway Ground Owner LLC Subsidiary · Delaware, United States
    • 102 A Philip Randolph Blvd Ground Owner LLC Subsidiary · Delaware, United States
    • 102 Madison Avenue Ground Owner LLC Subsidiary · Delaware, United States
    • 106 Ridge Street Equity Member LLC Subsidiary · Delaware, United States
    • 106 Ridge Street Ground Owner LLC Subsidiary · Delaware, United States
    • 10721 Domain Dr Ground Owner LLC Subsidiary · Delaware, United States
    • 10953 Whipple GP LLC Subsidiary · Delaware, United States
    • 10953 Whipple Ground Owner LP Subsidiary · Delaware, United States
    • 110-114 Ridge Street Equity Member LLC Subsidiary · Delaware, United States
    • 110-114 Ridge Street Ground Owner LLC Subsidiary · Delaware, United States
    • 1100 First Street Ground Owner LLC Subsidiary · Delaware, United States
    • 1111 Church Street Ground Owner LLC Subsidiary · Delaware, United States
    • 1111 Pennsylvania Ave Ground Owner LLC Subsidiary · Delaware, United States
    • 11218 Califa GP LLC Subsidiary · Delaware, United States
    • 11218 Califa Ground Owner LP Subsidiary · Delaware, United States
    • 1130 Harvey Ground Owner GP LLC Subsidiary · Delaware, United States
    • and 274 more

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G; stakes of 5% or more it reported on Schedules 13D and 13G (1 companies). Each entity in the chart links to its source.

What it owns

What Safehold Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Land and buildings$547.7M5 Dec 31, 2025$547.7M5 Dec 31, 20240%
Property and equipment, net$461.0K5 Dec 31, 2025$647.0K5 Dec 31, 2024−28.7%
Operating-lease assets (leased space)$26.1M5 Dec 31, 2025$29.7M5 Dec 31, 2024−12.2%

Real estate and locations

ItemLatestA year beforeChange
Real estate investments, net$688.7M5 Dec 31, 2025$694.5M5 Dec 31, 2024−0.8%
Real estate investments, at cost$741.0M5 Dec 31, 2025$741.0M5 Dec 31, 20240%
Real estate accumulated depreciation$52.2M5 Dec 31, 2025$46.4M5 Dec 31, 2024+12.5%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$21.7M5 Dec 31, 2025$8.3M5 Dec 31, 2024+160.1%
Stakes in other companies (equity method)$280.9M5 Dec 31, 2025$250.0M5 Dec 31, 2024+12.3%

Intangibles and goodwill

ItemLatestA year beforeChange
Finite-lived intangibles, gross$257.2M5 Dec 31, 2025$256.4M5 Dec 31, 2024+0.3%
Accumulated amortization$53.2M5 Dec 31, 2025$47.7M5 Dec 31, 2024+11.6%
Finite-lived intangibles, net$204.0M5 Dec 31, 2025$208.7M5 Dec 31, 2024−2.3%

Properties, in its own words

Our principal executive offices are located at 1114 Avenue of the Americas, New York, New York, 10036. See Item 8—Financial Statements and Supplementary Data—Schedule III for a listing of properties held by us for investment purposes.

Item 2 of the 10-K filed Feb 12, 2026.4

Leadership

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

Board members and other officers (22)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • 100 Cambridgeside Lender LLC Delaware3
  • 100 Cambridgeside Lender Member LLC Delaware3
  • 100 Cambridgeside Pl Ground Owner LLC Delaware3
  • 100 Cambridgeside Pl Member LLC Delaware3
  • 1000 E Apache Blvd Ground Owner LLC Delaware3
  • 1000 South Clark Ground Owner LLC Delaware3
  • 1001 South Center Street Ground Owner LLC Delaware3
  • 1007 South Congress North Unit Ground Owner LLC Delaware3
  • 101 S Federal Highway Ground Owner LLC Delaware3
  • 102 A Philip Randolph Blvd Ground Owner LLC Delaware3
  • 102 Madison Avenue Ground Owner LLC Delaware3
  • 106 Ridge Street Equity Member LLC Delaware3
  • 106 Ridge Street Ground Owner LLC Delaware3
  • 10721 Domain Dr Ground Owner LLC Delaware3
  • 10953 Whipple GP LLC Delaware3
  • 10953 Whipple Ground Owner LP Delaware3
  • 110-114 Ridge Street Equity Member LLC Delaware3
  • 110-114 Ridge Street Ground Owner LLC Delaware3
  • 1100 First Street Ground Owner LLC Delaware3
  • 1111 Church Street Ground Owner LLC Delaware3
  • 1111 Pennsylvania Ave Ground Owner LLC Delaware3
  • 11218 Califa GP LLC Delaware3
  • 11218 Califa Ground Owner LP Delaware3
  • 1130 Harvey Ground Owner GP LLC Delaware3
All 298 listed subsidiaries
  • 1130 Harvey Ground Owner LP Delaware3
  • 1152 15th Street NW Ground Owner LLC Delaware3
  • 1164-1172 Broadway Ground Owner LLC Delaware3
  • 1180 Canton Street Ground Owner LLC Delaware3
  • 1191 Devon Ln Ground Owner LLC Delaware3
  • 120 Piedmont Avenue NE Ground Owner LLC Delaware3
  • 1201 Cleveland Ground Owner LLC Delaware3
  • 1201-31 Lafayette Ground Owner LLC Delaware3
  • 1221 Division Street Ground Owner LLC Delaware3
  • 1225 19th Street Ground Owner LLC Delaware3
  • 1317 Tomoka Town Center Ground Owner LLC Delaware3
  • 1325 Wilson Ground Owner LLC Delaware3
  • 135 West 50 th Street Equity Member LLC Delaware3
  • 135 West 50 th Street Ground Owner LLC Delaware3
  • 13650 East Colfax Avenue Ground Owner LLC Delaware3
  • 138 E 38 th Street Ground Owner LLC Delaware3
  • 14 Skylark Blvd Ground Owner GenPar LLC Delaware3
  • 14 Skylark Blvd Ground Owner LP Delaware3
  • 1401 Ringling Blvd Ground Owner LLC Delaware3
  • 1430 Q Street Ground Owner GenPar LLC Delaware3
  • 1430 Q Street Ground Owner LP Delaware3
  • 1452 K St GP LLC Delaware3
  • 1452 K St Ground Owner LP Delaware3
  • 1452 K St Lender LP Delaware3
  • 1470 NW Glisan Street Equity Member LLC Delaware3
  • 1470 NW Glisan Street Ground Owner LLC Delaware3
  • 1520 Irving Street Ground Owner LLC Delaware3
  • 1551 Wewatta Street Ground Owner LLC Delaware3
  • 1570-1578 Humboldt Street Ground Owner LLC Delaware3
  • 1600 W Girard Avenue Ground Owner LLC Delaware3
  • 1650 Ashbury GenPar LLC Delaware3
  • 1650 Ashbury Ground Owner LP Delaware3
  • 1655 Berryessa GP LLC Delaware3
  • 1655 Berryessa Ground Owner LP Delaware3
  • 1661 Central Avenue Ground Owner LLC Delaware3
  • 1800 E La Veta Ave GenPar LLC Delaware3
  • 1800 E La Veta Ave Ground Owner LP Delaware3
  • 1865 W North Temple Ground Owner LLC Delaware3
  • 1936 Alum Rock GenPar LLC Delaware3
  • 1936 Alum Rock Ground Owner LP Delaware3
  • 195 Broadway Ground Owner LLC Delaware3
  • 2 S 400 West Ground Owner LLC Delaware3
  • 20 Cambridgeside Lender LLC Delaware3
  • 20 Cambridgeside Lender Member LLC Delaware3
  • 20 Cambridgeside Place Ground Owner LLC Delaware3
  • 20 Cambridgeside Place Member LLC Delaware3
  • 20 Hawley Street Ground Owner LLC Delaware3
  • 200 Elm Street Ground Owner LLC Delaware3
  • 200 S Bonnie Brae Ground Owner LLC Delaware3
  • 2000 M Street NW Ground Owner LLC Delaware3
  • 20005 Farnsleigh Road Ground Owner LLC Delaware3
  • 2021 N Rome Ground Owner LLC Delaware3
  • 204 East 4 th Street Ground Owner LLC Delaware3
  • 2065 S Cherokee Street Ground Owner LLC Delaware3
  • 218 NW 8 th Street Ground Owner LLC Delaware3
  • 22 Chapel Street Ground Owner LLC Delaware3
  • 220 25 th Ave N Ground Owner LLC Delaware3
  • 2200 Wilson Boulevard Ground Owner LLC Delaware3
  • 221 American Boulevard – Bloomington LLC Delaware3
  • 225 E Cimarron Street Ground Owner LLC Delaware3
  • 2360 S Main Street Ground Owner LLC Delaware3
  • 2490 Kalakaua Ave Ground Owner LLC Delaware3
  • 2600 Bishop Drive GenPar LLC Delaware3
  • 2600 Bishop Drive Ground Owner LP Delaware3
  • 274 Franklin Ground Owner LLC Delaware3
  • 274 Franklin Member LLC Delaware3
  • 2880 Alum Rock GenPar LLC Delaware3
  • 2880 Alum Rock Ground Owner LP Delaware3
  • 299 Broadway Ground Owner LLC Delaware3
  • 299 Broadway Lender LLC Delaware3
  • 299 Broadway Member LLC Delaware3
  • 301 G Street Ground Owner LLC Delaware3
  • 301 Washington Street Equity Member LLC Delaware3
  • 301 Washington Street Landlord LLC Delaware3
  • 3011 Hidden Forest Court Ground Owner LLC Delaware3
  • 3025 Charlotte Avenue Ground Owner LLC Delaware3
  • 310 S Jefferson GenPar Ground Owner LLC Delaware3
  • 310 S Jefferson Street Ground Owner LP Delaware3
  • 32 Old Stream Member LLC Delaware3
  • 32 Old Stream, LLC Delaware3
  • 32 TIC 2 JV LLC Delaware3
  • 3275 Market GP LLC Delaware3
  • 3275 Market Ground Owner LP Delaware3
  • 3333 Old Milton Alpharetta LLC Delaware3
  • 3364 Honeybrook Way GenPar LLC Delaware3
  • 3364 Honeybrook Way Ground Owner LP Delaware3
  • 3400 New Hyde Park Rd Ground Owner LLC Delaware3
  • 3412 Victoria GP LLC Delaware3
  • 3412 Victoria Ground Owner LP Delaware3
  • 350 Rhode Island Street Ground Owner GenPar LLC Delaware3
  • 350 Rhode Island Street Ground Owner LP Delaware3
  • 3500 NW 24 th St. Ground Owner LLC Delaware3
  • 3549 Iowa Ave Ground Owner LLC Delaware3
  • 3630 NW 25 th St. Ground Owner LLC Delaware3
  • 3719 Elgin Street Ground Owner LLC Delaware3
  • 3930 Blake Street Ground Owner LLC Delaware3
  • 3945 Connecticut Ave NW Equity Member LLC Delaware3
  • 3945 Connecticut Ave NW Ground Owner LLC Delaware3
  • 3981 Meier GP LLC Delaware3
  • 3981 Meier Ground Owner LP Delaware3
  • 400-530 112 th Avenue NE Ground Owner LLC Delaware3
  • 4000 Brandywine Street NW Ground Owner LLC Delaware3
  • 4000 Headwaters Way Ground Owner LLC Delaware3
  • 401 W Michigan Street – Milwaukee LLC Delaware3
  • 403 Dexter Avenue North Ground Owner LLC Delaware3
  • 4050 Rocky Circle Equity Member LLC Delaware3
  • 4050 Rocky Circle Ground Owner LLC Delaware3
  • 411 Brazos Street Ground Owner LLC Delaware3
  • 411 Ivy Ground Owner Gp LLC Delaware3
  • 411 Ivy St Ground Owner LP Delaware3
  • 414 2nd Street Ground Owner GenPar LLC Delaware3
  • 414 2nd Street Ground Owner LP Delaware3
  • 415 E 25 th Street Ground Owner LLC Delaware3
  • 415 Herondo Street Ground Owner GenPar LLC Delaware3
  • 415 Herondo Street Ground Owner LP Delaware3
  • 4200 SW 54 th Court Ground Owner LLC Delaware3
  • 425 Park Ave Equity Member LLC Delaware3
  • 425 Park Ave Ground Owner LLC Delaware3
  • 425 Park Ave REIT LLC Delaware3
  • 425 Park Ave Safehold Member LLC Delaware3
  • 425 Park REIT Manager LLC Delaware3
  • 4300 Monterey GenPar LLC Delaware3
  • 4300 Monterey Ground Owner LP Delaware3
  • 4345 Matilija GP LLC Delaware3
  • 4345 Matilija Ground Owner LP Delaware3
  • 44 Olive Street Ground Owner LLC Delaware3
  • 4550 Explorer Ground Owner LLC Delaware3
  • 4550 Explorer Lender LLC Delaware3
  • 4900 Seminary Road Ground Owner LLC Delaware3
  • 50-90 Castilian Drive Ground Owner GenPar LLC Delaware3
  • 50-90 Castilian Drive Ground Owner LP Delaware3
  • 500 West 23 rd Equity Member LLC Delaware3
  • 500 West 23 rd Street Ground Owner LLC Delaware3
  • 500 Woodward LLC Delaware3
  • 5040 Calhoun Road Ground Owner LLC Delaware3
  • 515 22 nd Street NW Equity Member LLC Delaware3
  • 515 22 nd Street NW Ground Owner LLC Delaware3
  • 515 22 nd Street NW Lender LLC Delaware3
  • 520 SW 11 th Ave Ground Owner LLC Delaware3
  • 5300 Baltimore Avenue Ground Owner LLC Delaware3
  • 537 N Kenmore GP LLC Delaware3
  • 537 N Kenmore Ground Owner LP Delaware3
  • 5601 Democracy Drive Ground Owner LLC Delaware3
  • 5625 Case GP LLC Delaware3
  • 5625 Case Ground Owner LP Delaware3
  • 570 Washington Ground Owner LLC Delaware3
  • 5749 Brynhurst GP LLC Delaware3
  • 5749 Brynhurst Ground Owner LP Delaware3
  • 5927 Mission GP LLC Delaware3
  • 5927 Mission Ground Owner LP Delaware3
  • 6000 Executive Blvd Ground Owner LLC Delaware3
  • 601 W Ocean Blvd Ground Owner GenPar LLC Delaware3
  • 601 W Ocean Blvd Ground Owner LP Delaware3
  • 6033 De Soto GP LLC Delaware3
  • 6033 De Soto Ground Owner LP Delaware3
  • 61 Bond Street Ground Owner LLC (fka Hicksville GL Owner LLC) Delaware3
  • 62 Hundred Hollywood N GenPar LLC Delaware3
  • 62 Hundred Hollywood North LP Delaware3
  • 62 Hundred Hollywood S GenPar LLC Delaware3
  • 62 Hundred Hollywood South LP Delaware3
  • 620 8 th Avenue S Ground Owner LLC Delaware3
  • 6367 Lake Wilson Road Ground Owner LLC Delaware3
  • 6670 Reseda GP LLC Delaware3
  • 6670 Reseda Ground Owner LP Delaware3
  • 67 Prince Street Ground Owner LLC Delaware3
  • 685 Third Avenue Equity Member LLC Delaware3
  • 685 Third Avenue Ground Owner LLC Delaware3
  • 7401 164th Ave NE Ground Owner LLC Delaware3
  • 7460 Warren Ground Owner LLC Delaware3
  • 8 East 9 th St Equity Member LLC Delaware3
  • 8 East 9 th Street Ground Owner LLC Delaware3
  • 80 Saratoga GenPar LLC Delaware3
  • 80 Saratoga Ground Owner LP Delaware3
  • 8000 West Drive Ground Owner LLC Delaware3
  • 8250 Meadow Road Ground Owner LLC Delaware3
  • 8301 Anderson Drive Ground Owner LLC Delaware3
  • 8310 Bella Grove Cir Ground Owner LLC Delaware3
  • 8911 Ramsgate GP LLC Delaware3
  • 8911 Ramsgate Ground Owner LP Delaware3
  • 900 North Ninth Street Ground Owner LLC Delaware3
  • 919 Eagle Dr Ground Owner LLC Delaware3
  • 920 S Terrace Road Equity Member LLC Delaware3
  • 920 S Terrace Road Ground Owner LLC Delaware3
  • 9400 NW 41st Street Ground Owner LLC Delaware3
  • 959 Sterling Pl Ground Member LLC Delaware3
  • 959 Sterling Place Ground Owner LLC Delaware3
  • 9615 Medical Center Drive Ground Owner LLC Delaware3
  • 99 193 Aiea Heights Drive Ground Owner LLC Delaware3
  • 99 Shawan Road Ground Owner LLC Delaware3
  • Biscayne View Ground Owner LLC Delaware3
  • CARET Management Holdings LLC Delaware3
  • CARET Services TRS Inc. Delaware3
  • CARET Ventures LLC Delaware3
  • CTL I Maryland LLC Delaware3
  • Columbia Center JV LLC Delaware3
  • E River Ridge Ground Owner LLC Delaware3
  • East Houston Ground Owner LLC Delaware3
  • East Houston Retail Owner LLC Delaware3
  • Glenridge Point Ground Owner LLC Delaware3
  • Great Oaks Ground Owner GenPar LLC Delaware3
  • Great Oaks Ground Owner LP Delaware3
  • Groundly Home Lessor LLC Delaware3
  • Groundly Home Owner LLC Delaware3
  • Groundly Land Owner LLC Delaware3
  • Harbor Bay Pkwy Ground Owner GenPar LLC Delaware3
  • Harbor Bay Pkwy Ground Owner LP Delaware3
  • Hubble Drive Lanham LLC Delaware3
  • LH Fund REIT LLC Delaware3
  • Lighthouse GenPar LLC Delaware3
  • Lighthouse Ground Owner LP Delaware3
  • Madison Arizona Ground Owner LLC Delaware3
  • One Palm Apartment Equity Member LLC Delaware3
  • One Palm Apartment Owner LLC Delaware3
  • Pershing Point GL Venture LLC Delaware3
  • Promenade Ground Owner LLC Delaware3
  • RLH GenPar II LLC Delaware3
  • RLH Partnership II LP Delaware3
  • RLH Partnership, L.P. Delaware3
  • Red Lion GP LLC Delaware3
  • Regency Lakeview GL GenPar LLC Delaware3
  • Regency Lakeview GL LP Delaware3
  • Regency Lakeview GL Venture LLC Delaware3
  • SAFE GL Acquisition LLC Delaware3
  • SAFE Pershing Partner LLC Delaware3
  • SAFE Regency Partner LLC Delaware3
  • SFI I, LLC Delaware3
  • SFTY Manager LLC Delaware3
  • STAR 1111 Church Street Lender LLC Delaware3
  • STAR GL Plus Block 41 North REIT Maryland3
  • STAR GL Plus Block 41 South REIT Maryland3
  • Safehold Columbia Center Member LLC Delaware3
  • Safehold Columbia Equity Member LLC Delaware3
  • Safehold Columbia Lender LLC Delaware3
  • Safehold Finco 1 LLC Delaware3
  • Safehold Finco 2 LLC Delaware3
  • Safehold GL Holdings LLC (fka Safehold Operating Partnership LP) Delaware3
  • Safehold GL Venture I LLC Delaware3
  • Safehold GL Venture III LLC Delaware3
  • Safehold GL Venture III Member LLC Delaware3
  • Safehold GL Venture REIT II LLC Delaware3
  • Safehold Ground Lease JV Member LLC Delaware3
  • Safehold Ground Lease Venture LLC Delaware3
  • Safehold Ground Owner Operating LLC Delaware3
  • Safehold Hotel OpCo Seattle LLC Delaware3
  • Safehold Hotel OpCo Sonoma LLC Delaware3
  • Safehold JV Administrator LLC Delaware3
  • Safehold Lender II LLC Delaware3
  • Safehold Lender LLC Delaware3
  • Safehold Management Services Inc. Delaware3
  • Silo Cinema, Inc. New York3
  • University Ave GenPar LLC Delaware3
  • University Ave Ground Owner LP Delaware3
  • University Ave Lender GP LLC Delaware3
  • University Ave Lender LP Delaware3
  • West Ninth GenPar LLC Delaware3
  • West Ninth Ground Owner LP Delaware3
  • West Vue Ground Owner LLC Delaware3
  • Worcester Street Member LLC Delaware3
  • Worchester Street Ground Owner LLC Delaware3
  • iStar CTL Manager LLC Delaware3
  • iStar DH Holdings TRS Inc. Cayman Islands3
  • iStar Dallas GL GenPar LLC Delaware3
  • iStar Dallas GL LP Delaware3
  • iStar Financial Statutory Trust I Delaware3
  • iStar GL Plus Fund Administrator LLC Delaware3
  • iStar GL Plus Fund Member LLC Delaware3
  • iStar GL Plus REIT LLC Delaware3
  • iStar GL Plus Venture LLC Delaware3
  • iStar LH Fund LLC Delaware3
  • iStar LH Fund Manager LLC Delaware3
  • iStar LH Fund Member LLC Delaware3
  • iStar North Old Atlanta Road LLC Delaware3
  • iStar REO Holdings TRS LLC Delaware3
  • iStar Woodward LLC Delaware3

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

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

  1. Oct 2, 20268-K Other events45
  2. Aug 3, 20268-K Other events46
  3. Jul 30, 20268-K Results of operations; Regulation FD disclosure47
  4. Jul 30, 20268-K Other events48
  5. Jun 16, 20268-K Other events49
  6. Jun 12, 20268-K Other events50
  7. May 15, 20268-K Executive or director change; Shareholder vote51
  8. Apr 30, 20268-K Results of operations; Regulation FD disclosure52
  9. Apr 30, 20268-K Other events53
  10. Mar 25, 20268-K Other events54
  11. Feb 11, 20268-K Results of operations; Regulation FD disclosure55
  12. Feb 11, 20268-K Other events56
  13. Mar 3, 2006New chief executive Jay Sugarman becomes CEO13

Calendar

Coming up

  1. Nov 3, 2026 · After the closeReports results for the quarter ending Sep/202657

When it reported results

  1. Jul 30, 2026Reported quarterly or annual results47
  2. Apr 30, 2026Reported quarterly or annual results52
  3. Feb 11, 2026Reported quarterly or annual results55
  4. Nov 5, 2025Reported quarterly or annual results58
  5. Aug 5, 2025Reported quarterly or annual results59
  6. May 6, 2025Reported quarterly or annual results60
  7. Feb 5, 2025Reported quarterly or annual results61
  8. Oct 28, 2024Reported quarterly or annual results62

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

295 filings to the SEC since October 2021: 7 annual reports, 15 quarterly reports, 74 major events, 115 insider forms, 25 large holders, 59 other. The latest 20:

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

The 295 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

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

Insider trades

15 open-market trades by officers, directors and large owners since October 2021: 10 buys and 5 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 9, 2026JOSEPHS ROBINDirectorSale9,500$14.56$138.3KForm 4
Dec 19, 2023NYDICK JAY SDirectorSale8,046$23.00$185.1KForm 4
Dec 18, 2023NYDICK JAY SDirectorSale10,500$23.02$241.7KForm 4
Dec 12, 2023JOSEPHS ROBINDirectorSale1,150$21.43$24.6KForm 4
Aug 8, 2023SUGARMAN JAYCHAIRMAN AND CEOBuy65,420$21.40$1.4MForm 4
May 26, 2023SUGARMAN JAYCHAIRMAN AND CEOBuy10,000$24.58$245.8KForm 4
May 11, 2023RIDINGS BARRY WDirectorBuy6,215$28.12$174.8KForm 4
May 5, 2023SUGARMAN JAYCHAIRMAN AND CEOBuy1,000$28.21$28.2KForm 4
May 4, 2023SUGARMAN JAYCHAIRMAN AND CEOBuy1,200$26.86$32.2KForm 4
May 3, 2023SUGARMAN JAYCHAIRMAN AND CEOBuy1,100$26.99$29.7KForm 4
May 2, 2023SUGARMAN JAYCHAIRMAN AND CEOBuy1,000$26.62$26.6KForm 4
Mar 31, 2023ISTAR INC.10% ownerSale5,405,406$37.00$200.0MForm 4
Feb 28, 2022Asnas BrettCHIEF FINANCIAL OFFICERBuy10,948Form 4
Feb 28, 2022Asnas BrettCHIEF FINANCIAL OFFICERBuy10,948Form 4
Feb 28, 2022Asnas BrettCHIEF FINANCIAL OFFICERBuy10,948Form 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Stakes it holds

Safehold Inc. has told the SEC it owns more than 5% of 1 company, latest first (Schedules 13D and 13G).

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Michael Trachtenberg$41.7K$10.9M75
2025Jay Sugarman$600.0K$2.6M75
2025Brett Asnas$450.0K$1.9M75
2024Chief Financial Officer$450.0K$3.0M75
2024Chairman and Chief Executive Officer$600.0K$644.6K75
2023Chairman and Chief Executive Officer$600.0K$8.4M75
2023Chief Financial Officer$400.0K$4.9M75

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.

FundSharesValueShare of the fundChange
BlackRock, Inc.9,938,575$156.0M0.0%+200,628
Msd Capital, L.P.5,782,745$90.8M89.2%No change
Vanguard Portfolio Management LLC5,095,645$80.0M0.0%+99,625
State Street Corp2,596,198$41.2M0.0%−10,975
Vanguard Capital Management LLC2,300,293$36.1M0.0%+33,087
Geode Capital Management, LLC1,469,703$23.1M0.0%+114,441
Ameriprise Financial Inc1,143,866$18.0M0.0%+135,490
Jpmorgan Chase & Co861,555$14.0M0.0%+46,710
Charles Schwab Investment Management Inc843,064$13.2M0.0%+44,894
Morgan Stanley793,269$12.5M0.0%−63,669
NewEdge Wealth, LLC670,665$10.5M0.1%−96,444
Northern Trust Corp652,777$10.2M0.0%+37,220
Algert Global LLC608,243$9.5M0.1%−192,486
Aqr Capital Management LLC524,190$8.2M0.0%+77,911
Goldman Sachs Group Inc456,183$7.2M0.0%+176,461
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC415,613$6.5M0.0%−3,707
Bank of New York Mellon Corp411,971$6.5M0.0%+16,016
Bank Of America Corp /de/328,214$5.2M0.0%−9,070
Vanguard Fiduciary Trust Co312,571$4.9M0.0%+3,919
Denali Advisors LLC309,600$4.9M0.5%No change
State of New Jersey Common Pension Fund D302,479$4.7M0.0%+78,347
Michelson Medical Research Foundation, Inc.297,477$4.7M4.3%No change
Legal & General Group Plc293,180$4.6M0.0%−11,626
Principal Financial Group Inc292,924$4.6M0.0%+3,703
Peregrine Capital Management LLC290,919$4.6M0.1%−25,371

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

SEC filer profile

How Safehold Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARSafehold Inc.1
  • CIK0001095651
  • Employer ID (EIN)95-68815274
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company4
  • Incorporated inMaryland4
  • Fiscal year endsDecember 311
  • Industry code (SIC)6798 Real Estate Investment Trusts1
  • SEC reviewing officeOffice of Real Estate & Construction, Division of Corporation Finance1
  • Business addressOne Penn Plaza, 51St Floor, New York, NY 101191
  • Phone21293094001
  • Shares outstanding70,816,280 as of Jul 28, 202611
  • Public float$800.0M as of Jun 30, 20254
  • AuditorDELOITTE & TOUCHE LLP, New York, New York PCAOB ID 34; it also attests to the company’s internal control over financial reporting4
  • On EDGAR sinceOct 5, 19991
  • Filings1,685 in all: 4 (645), 8-K (317), SC 13G/A (120), 10-Q (81), 424B5 (42), 424B3 (41), SC 13G (40), SC 13D/A (34)1
    All 50 form types

    UPLOAD (33), CORRESP (31), 3 (28), 10-K (27), DEF 14A (27), 4/A (26), FWP (20), DEFA14A (13), S-3 (12), 8-K/A (11), 5 (10), S-8 (10), ARS (9), S-4 (8), 425 (7), S-3ASR (7), S-4/A (7), SC TO-I/A (7), 10-K/A (6), 25-NSE (6), 144 (5), 424B7 (5), 8-A12B (5), DEFR14A (5), S-3/A (5), CERTNYS (4), EFFECT (4), PRE 14A (4), SC 13D (4), 3/A (3), 424B2 (3), SC TO-T/A (2), SCHEDULE 13G/A (2), 15-12B (1), 25 (1), 424B4 (1), 8-A12G (1), NT 10-K (1), SC TO-C (1), SC TO-I (1), SC TO-T (1), SCHEDULE 13G (1)

  • Latest filingsAnnual report (10-K) Feb 12, 2026
    Quarterly report (10-Q) Jul 31, 2026
    Proxy statement (DEF 14A) Mar 31, 2026
    Latest 8-K (8-K) Oct 2, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, $0.01 par valueSAFENew York Stock Exchange

From the cover page of the 10-K filed Feb 12, 2026 (Section 12(b) of the Exchange Act).4

Risk factors and legal proceedings

The risks Safehold Inc. names in Item 1A of its 10-K filed Feb 12, 2026: 52 risks under these headings, as written.4

  • Risks Related to Our Portfolio and Our Business
  • The market for Ground Lease transactions and the availability of investment opportunities may not meet our growth objectives.
  • Our operating performance and the market value of our properties are subject to risks associated with real estate assets.
  • The rental payments under our leases may not keep up with changes in market value and inflation.
  • We may be unable to renew expiring Ground Leases, re-lease the land or sell the properties on favorable terms or at all.
  • A lack of recourse to creditworthy counterparties may adversely affect us and our tenants.
  • Counterparty, geographic and industry concentrations may expose us to financial credit risk.
  • Percentage rent payable under our master lease relating to the Park Hotels Portfolio is calculated on an aggregate portfolio-wide basis.
  • We are subject to various risks common to the hotel industry with respect to any hotels that we are responsible for operating.
  • We depend on the ability of independent hotel operators to operate and manage the hotels that we are responsible for operating.
  • We are the tenant of a Ground Lease underlying a majority of our Doubletree Seattle Airport property.
  • Certain tenant rights under our Ground Leases may limit the value and the UCA we are able to realize upon lease expiration, sale of our land and Ground Leases or other events.
The other 41 risks
  • We rely on Property NOI as reported to us by our tenants.
  • Our estimates of Ground Rent Coverage for properties in development or transition, or for which we do not receive current tenant financial information, may prove to be incorrect.
  • Our estimates of Combined Property Value are based on various assumptions and information supplied to us by our tenants and accordingly may not be indicative of actual values.
  • There can be no assurance that we will realize any incremental value from the UCA in our owned residual portfolio or that the market price of our common stock will reflect any value attributable thereto.
  • Ground Leases with developers expose us to risks associated with property development and redevelopment that could materially and adversely affect us.
  • We may be materially and adversely affected by the exercise of leasehold mortgagee protections.
  • We are subject to the risk of bankruptcy of our tenants.
  • We may directly own one or more commercial properties, which will expose us to the risks of ownership of operating properties.
  • Competition may adversely affect our ability to acquire and originate investments.
  • Cybersecurity risk and cyber incidents may adversely affect our business.
  • Our estimated UCA, Combined Property Value and Ground Rent Coverage, may not reflect current market values, including the decline in office values, and may decline materially in future periods.
  • We may explore investments other than our typical Ground Leases through joint ventures or otherwise, which could materially and adversely affect us.
  • Our success depends in part on our ability to attract, retain and develop talented employees, and our failure to do so, including the loss of any of our key employees, could adversely impact our business.
  • We may decide to further expand our operations through acquisitions, development opportunities and other strategic transactions.
  • The use of artificial intelligence technologies presents certain risks that may adversely affect our business and operations.
  • Risks Related to Our Relationship with Star Holdings
  • We are party to several agreements with Star Holdings and may be unable to collect amounts to which we are contractually entitled, which could negatively affect our performance, financial condition, results of operations and cash flow.
  • Star Holdings owns a significant amount of our common stock, all of which serves as collateral for a margin loan.
  • The concentration of our voting power may adversely affect the ability of investors to influence our policies.
  • There are various potential conflicts of interest in our relationship with Star Holdings, which could result in decisions that are not in the best interest of our shareholders.
  • The agreements between Safehold and Star Holdings entered into in connection with the Spin-Off may not reflect terms that would have resulted from arm’s-length negotiations with unaffiliated third parties.
  • Financing and Investment Risks
  • Our debt obligations will reduce cash available for distribution and expose us to the risk of default.
  • Our failure to hedge interest rates effectively could materially and adversely affect us.
  • Joint venture investments could be adversely affected by our lack of sole decision-making authority, our reliance on partners’ or co-venturers’ financial position and liquidity and disputes between us and our co-venturers.
  • Our depreciation expenses are expected to be limited for financial and tax reporting purposes, with the result that we will be highly dependent on external capital sources to fund our growth.
  • Our credit ratings will impact our borrowing costs and our access to debt capital markets.
  • Risks Related to Our Organization and Structure
  • We are a holding company and will rely on funds from Portfolio Holdings to pay our obligations and distributions to our shareholders.
  • Certain provisions of Maryland law and our organizational documents could inhibit changes in control of our company.
  • Certain provisions of our organizational documents limit shareholder recourse and access to judicial fora.
  • Risks Related to Our Common Stock
  • Cash available for distribution may not be sufficient to make distributions to our shareholders at expected levels, or at all.
  • The availability of shares for future sale could adversely affect the market price of our common stock.
  • Distributions to holders of Caret units will reduce distributions to us upon certain transactions, and sales of additional Caret units may dilute the economic interests of our common stockholders.
  • The design of the Caret program may not result in the recognition of the two distinct components of value by market participants.
  • The terms of Caret units could result in conflicts of interest between holders of our common stock and holders of Caret units. Our management’s ownership of Caret units creates potential conflicts of interest.
  • The Portfolio Holdings LLCA sets forth certain limitations on our ability to make changes to such agreement that could be beneficial to us and our stockholders without the consent of certain of the Caret unitholders.
  • The Portfolio Holdings LLCA contains provisions that may delay, defer or prevent a change in control.
  • Future issuances of debt or preferred equity securities could adversely affect our common shareholders and result in conflicts of interest.
  • There can be no assurance that we will repurchase shares pursuant to our share repurchase program consistent with historical amounts or at all.
  • Tax Risks Related to Ownership of Our Shares
  • Legislative, regulatory or administrative changes could adversely affect us, our stockholders or holders of our debt.
  • Our failure to remain qualified as a REIT would subject us to taxes, which would reduce the amount of cash available for distribution to our shareholders.
  • The REIT distribution requirements could require us to borrow funds or take other actions that may be disadvantageous to our shareholders.
  • Even if we qualify as a REIT, we may incur tax liabilities that reduce our cash flow.

Legal proceedings

On October 22, 2025, we sent the tenant under the Park Hotels master lease (“Park Tenant”) a termination notice for all five hotels and commenced litigation against the Park Tenant and Park Intermediate Holdings LLC, guarantor under the master lease, for certain breaches, among other things, related to the maintenance and operations of the hotels. The litigation is captioned In re Park Hotels Litigation, C.A. No. 2025-1210-LWW, pending in the Delaware Court of Chancery. The Park Tenant has disputed our right to terminate the lease, and that issue, among others, is subject to the litigation, which includes counterclaims filed by the Park Tenant. Although we believe our claims are meritorious, there are no assurances that we will prevail in our litigation.

We are not currently party to any other pending legal proceedings, nor is any property of the Company subject to any pending legal proceedings, that we believe could have a material adverse effect on our business or financial condition. However, we may be subject to various claims and legal actions arising in the ordinary course of business from time to time.

The opening of Item 3, Legal Proceedings.4

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