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Private company

Safehold Inc. /MD

American Lessors of Real Property company, incorporated in Maryland1

In its 2023 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. We have become the industry leader in Ground Leases by demonstrating the value of the product to real estate investors, owners, operators and developers and expanding their use throughout major metropolitan areas.”47 It is headquartered in New York, New York.1

Last updated Oct 21, 2026.

Overview

  • IndustryLessors of Real Property, NEC1
  • HeadquartersNew York, New York1
  • Incorporated inMD2
  • Business address1114 Avenue Of The Americas, New York, Ny 100362
  • 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 2022

50.2%Operating margin3
50.1%Net margin3
44.5%Revenue growth, 20223
6.3%Return on equity3
1.64×Debt to equity3

Where the money goes

Where each dollar of revenue went, fiscal 2022

  • Cost of revenue1¢$3.1M
  • Other costs1¢$2.8M
  • Interest48¢$129.0M
  • Profit50¢$135.4M

Out of $270.3M in revenue.3

Where each dollar of operating cash went, fiscal 2022

  • Dividends paid65¢$42.2M
  • Kept or used elsewhere35¢$22.7M

Out of $64.9M of cash from operations.3

Financial statements

Revenue453$270.3M in 2022+444% since 2018
0$100.0M$200.0M$300.0M2018: $49.7M$49.7M20182019: $93.4M$93.4M2019+88%2020: $155.4M$155.4M2020+66%2021: $187.0M$187.0M2021+20%2022: $270.3M$270.3M2022+45%
Operating income453$135.6M in 2022+1036% since 2018
0$50.0M$100.0M$150.0M2018: $11.9M$11.9M20182019: $36.1M$36.1M2019+203%2020: $56.2M$56.2M2020+55%2021: $65.5M$65.5M2021+17%2022: $135.6M$135.6M2022+107%
Net income6453$135.4M in 2022+1947% since 2016
0$50.0M$100.0M$150.0M2016: $6.6M$6.6M20162018: $11.7M$11.7M2018+77%2019: $27.7M$27.7M2019+136%2020: $59.3M$59.3M2020+114%2021: $73.1M$73.1M2021+23%2022: $135.4M$135.4M2022+85%
Fiscal year2016201720182019202020212022
Revenue$49.7M4$93.4M5$155.4M3$187.0M3$270.3M3
Cost of revenue$1.6M4$2.7M5$2.5M3$2.7M3$3.1M3
Operating expenses$121.6M3$190.5M3
Operating income$11.9M4$36.1M5$56.2M3$65.5M3$135.6M3
Interest$15.4M4$29.9M5$64.4M3$79.7M3$129.0M3
Net income$6.6M6$11.7M4$27.7M5$59.3M3$73.1M3$135.4M3
Earnings per share$0.644$0.895$1.173$1.353$2.213
Earnings per share (diluted)$0.644$0.895$1.173$1.353$2.213
Shares (weighted, basic)54.2M shares361.2M shares3
Shares (weighted, diluted)54.2M shares361.2M shares3

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Corporate structure

Safehold Inc. /MD sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Safehold Inc. /MD

  • VANGUARD GROUP INC Filed SC 13G/A on Safehold Inc. /MD, latest Feb 13, 2024 (2 filings since Feb 9, 2023)
  • MSD CAPITAL, L.P. Filed SC 13G on Safehold Inc. /MD, latest Apr 6, 2023
  • GIC Private Limited Filed SC 13D/A on Safehold Inc. /MD, latest Apr 4, 2023 (2 filings since Dec 27, 2021)
  • Safehold Inc. Filed SC 13D/A on Safehold Inc. /MD, latest Apr 4, 2023 (6 filings since Feb 18, 2022)
  • BlackRock Filed SC 13G on Safehold Inc. /MD, latest Jan 30, 2023 (3 filings since Feb 4, 2022)
  • Safehold Inc. /MD New York, New York

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Safehold Inc. /MD 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$547.7M3 Dec 31, 2022$547.7M3 Dec 31, 20210%
Operating-lease assets (leased space)$26.3M3 Dec 31, 2022$27.4M3 Dec 31, 2021−4.1%

Real estate and locations

ItemLatestA year beforeChange
Real estate investments, net$706.6M3 Dec 31, 2022$712.6M3 Dec 31, 2021−0.8%
Real estate investments, at cost$741.0M3 Dec 31, 2022$741.0M3 Dec 31, 20210%
Real estate accumulated depreciation$34.4M3 Dec 31, 2022$28.3M3 Dec 31, 2021+21.3%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$20.1M3 Dec 31, 2022$29.6M3 Dec 31, 2021−32.3%
Stakes in other companies (equity method)$180.4M3 Dec 31, 2022$173.4M3 Dec 31, 2021+4.0%

Intangibles and goodwill

ItemLatestA year beforeChange
Finite-lived intangibles, gross$252.1M3 Dec 31, 2022$251.9M3 Dec 31, 2021+0.1%
Accumulated amortization$34.3M3 Dec 31, 2022$27.7M3 Dec 31, 2021+24.0%
Finite-lived intangibles, net$217.8M3 Dec 31, 2022$224.2M3 Dec 31, 2021−2.8%

Leadership

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

Chief executive

  1. Jay Sugarman2017–2020

Chair

  1. Jay Sugarman2017–2020

President

  1. Marcos Alvarado2018–2019

Chief financial officer

  1. Geoffrey G. Jervis2017–2018
  2. Andrew C. Richardson2018
  3. Jeremy Fox-Geen2020
  4. Brett Asnas2022

Chief operating officer

  1. Geoffrey G. Jervis2017–2018
20202025
Board members and other officers (8)

Former names

  • Safehold Inc.Feb 26, 2019 to Apr 4, 20232
  • Safety, Income & Growth, Inc.Dec 12, 2016 to Feb 21, 20192
  • Safety Income & Growth REIT, Inc.Nov 9, 2016 to Dec 23, 20162

Timeline

  1. Mar 31, 20238-K Ended a material agreement; Completed an acquisition or sale; Listing notice or transfer26
  2. Mar 9, 20238-K Shareholder vote27
  3. Mar 2, 20238-K Other events28
  4. Feb 14, 20238-K Results of operations; Regulation FD disclosure29
  5. Feb 14, 20238-K Other events30
  6. Jan 9, 20238-K Entered a material agreement; New debt or obligation; Other events31
  7. Nov 1, 20228-K Results of operations; Regulation FD disclosure32
  8. Nov 1, 20228-K Other events33
  9. Aug 11, 20228-K Entered a material agreement; Regulation FD disclosure34
  10. Aug 3, 20228-K Results of operations; Regulation FD disclosure; Other events35
  11. Aug 3, 20228-K Other events36
  12. May 18, 20228-K Shareholder vote37
  13. Jun 21, 2017New chief executive Jay Sugarman becomes CEO12

Calendar

When it reported results

  1. Feb 14, 2023Reported quarterly or annual results29
  2. Nov 1, 2022Reported quarterly or annual results32
  3. Aug 3, 2022Reported quarterly or annual results35
  4. Apr 21, 2022Reported quarterly or annual results38
  5. Feb 15, 2022Reported quarterly or annual results39
  6. Oct 21, 2021Reported quarterly or annual results40

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

Filings

164 filings to the SEC since October 2021: 3 annual reports, 4 quarterly reports, 28 major events, 88 insider forms, 14 large holders, 27 other. The latest 20:

  1. Feb 13, 2024SC 13G/A SCHEDULE 13G/A EDGAR
  2. Apr 10, 202315-12G EDGAR
  3. Apr 6, 2023SC 13G EDGAR
  4. Apr 4, 2023EFFECT EDGAR
  5. Apr 4, 2023SC 13D/A SCHEDULE 13D, AMENDMENT NO. 1 EDGAR
  6. Apr 4, 20234 FORM 4 SUBMISSION EDGAR
  7. Apr 4, 2023SC 13D/A EDGAR
  8. Mar 31, 2023POS AM EDGAR
  9. Mar 31, 2023S-8 POS EDGAR
  10. Mar 31, 2023POSASR EDGAR
  11. Mar 31, 20238-K EDGAR
  12. Mar 30, 202310-K/A EDGAR
  13. Mar 9, 20238-K EDGAR
  14. Mar 9, 2023425 EDGAR
  15. Mar 3, 2023425 EDGAR
  16. Mar 2, 20238-K EDGAR
  17. Feb 15, 202310-K EDGAR
  18. Feb 15, 20234 EDGAR
  19. Feb 15, 2023425 EDGAR
  20. Feb 14, 20238-K EDGAR

The 164 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

88 open-market trades by officers, directors and large owners since October 2021: 88 buys and 0 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Mar 7, 2022ISTAR INC.10% ownerBuy3,240,000$59.00$191.2MForm 4
Feb 2, 2022ISTAR INC.10% ownerBuy1,490$61.58$91.8KForm 4
Feb 1, 2022ISTAR INC.10% ownerBuy8,069$61.96$500.0KForm 4
Jan 31, 2022ISTAR INC.10% ownerBuy8,222$60.80$499.9KForm 4
Jan 28, 2022ISTAR INC.10% ownerBuy8,698$57.48$500.0KForm 4
Jan 27, 2022ISTAR INC.10% ownerBuy8,494$58.85$499.9KForm 4
Jan 26, 2022ISTAR INC.10% ownerBuy8,200$60.97$500.0KForm 4
Jan 25, 2022ISTAR INC.10% ownerBuy8,346$59.90$499.9KForm 4
Jan 24, 2022ISTAR INC.10% ownerBuy8,403$59.49$499.9KForm 4
Jan 21, 2022ISTAR INC.10% ownerBuy7,956$62.83$499.9KForm 4
Jan 20, 2022ISTAR INC.10% ownerBuy7,726$64.70$499.9KForm 4
Jan 19, 2022ISTAR INC.10% ownerBuy7,340$68.10$499.9KForm 4
Jan 18, 2022ISTAR INC.10% ownerBuy7,223$69.11$499.2KForm 4
Jan 14, 2022ISTAR INC.10% ownerBuy7,140$70.01$499.9KForm 4
Jan 13, 2022ISTAR INC.10% ownerBuy6,996$71.45$499.9KForm 4
Jan 12, 2022ISTAR INC.10% ownerBuy6,999$71.43$499.9KForm 4
Jan 11, 2022ISTAR INC.10% ownerBuy7,154$69.87$499.9KForm 4
Jan 10, 2022ISTAR INC.10% ownerBuy7,164$69.77$499.8KForm 4
Jan 7, 2022ISTAR INC.10% ownerBuy6,962$71.81$499.9KForm 4
Jan 6, 2022ISTAR INC.10% ownerBuy6,711$74.49$499.9KForm 4

All 88 trades can be filtered by person here when JavaScript is on.

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.

SEC filer profile

How Safehold Inc. /MD 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. /MD1
  • CIK0001688852
  • Employer ID (EIN)81-42532711
  • Filer statusLarge accelerated filer1
  • Incorporated inMaryland1
  • Fiscal year endsDecember 311
  • Industry code (SIC)6519 Lessors of Real Property, NEC1
  • SEC reviewing officeOffice of Real Estate & Construction, Division of Corporation Finance1
  • Business address1114 Avenue Of The Americas, New York, NY 100361
  • Phone212-930-94001
  • Shares outstanding62,550,217 as of Mar 23, 202346
  • Public float$762.0B as of Jun 30, 202246
  • On EDGAR sinceNov 9, 20161
  • Filings638 in all: 4 (344), 8-K (103), SC 13D/A (27), 10-Q (17), 3 (17), 425 (13), 424B5 (12), CORRESP (12)1
    All 40 form types

    UPLOAD (11), SC 13G/A (10), 4/A (7), SC 13G (7), 10-K (6), 424B3 (5), DEF 14A (5), 8-K/A (4), EFFECT (4), S-11/A (4), DRSLTR (3), 10-K/A (2), DEFA14A (2), DRS/A (2), FWP (2), S-11 (2), SC 13D (2), 15-12G (1), 25-NSE (1), 424B1 (1), 424B2 (1), 8-A12B (1), CERTNYS (1), DEFM14A (1), DRS (1), POS AM (1), POSASR (1), PRE 14A (1), S-3 (1), S-3ASR (1), S-8 (1), S-8 POS (1)

  • Latest filingsAnnual report (10-K) Feb 15, 2023
    Quarterly report (10-Q) Nov 2, 2022
    Proxy statement (DEF 14A) Apr 5, 2022
    Latest 8-K (8-K) Mar 31, 2023

Sources

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