Safehold (SAFE)

• Market cap: $1.12B
• 1 day: 2.09%
• 5 days: -0.63%
• 1 month: 3.16%
• 3 months: -8.58%
• 6 months: -21.82%
• Year to date: -16.21%
• 1 year: -23.20%
• 5 years: -68.60%
• 10 years: -17.58%
• Sector: Real Estate
• Industry: Diversified REIT

About: Safehold Inc is a REIT that operates its business by acquiring, managing, and capitalizing ground leases. Ground leases are long-term contracts between the landlord (the Company) and a tenant or leaseholder. Ground leases generally represent ownership of the land underlying commercial real estate projects that are net leased by the fee owner of the land to the owners/operators of the real estate projects built thereon.

Employees: 74

Fund manager confidence

Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)

26% more first-time investments, than exits

New positions opened: 34 | Existing positions closed: 27

12% more call options, than puts

Call options by funds: $7.12M | Put options by funds: $6.36M

1% more funds holding

Funds holding: 195 [Q4 2024] → 197 (+2) [Q1 2025]

5% more repeat investments, than reductions

Existing positions increased: 68 | Existing positions reduced: 65

0% more funds holding in top 10

Funds holding in top 10: 2 [Q4 2024] → 2 (+0) [Q1 2025]

4% less capital invested

Capital invested by funds: $918M [Q4 2024] → $885M (-$33.3M) [Q1 2025]

3.4% less ownership

Funds ownership: 69.51% [Q4 2024] → 66.11% (-3.4%) [Q1 2025]

Research analyst outlook

4 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $17 9% upside
• Avg. target: $20 29% upside
• High target: $25 60% upside

4 analyst ratings

• positive: 1 25%
• neutral: 3 75%
• negative: 0 0%

Goldman Sachs Caitlin Burrows 46% 1-year accuracy 13 / 28 met price target	60% upside $25	Buy Maintained	14 May 2025
Morgan Stanley Richard Hill 100% 1-year accuracy 1 / 1 met price target	9% upside $17	Equal-Weight Maintained	29 Apr 2025
Mizuho Haendel St. Juste 67% 1-year accuracy 10 / 15 met price target	21% upside $19	Neutral Maintained	3 Apr 2025
Wedbush Richard Anderson 25% 1-year accuracy 7 / 28 met price target	28% upside $20	Neutral Reiterated	1 Apr 2025