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Safehold Inc. (SAFE) company profile

SAFENYSEReal Estate Investment TrustsFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 4, 2026Score 20/3062% below fair value
$9.85−0.63 (-6.01%)

Close on Nov 12, 2026Market cap $697.54MP/E 6.1Yield 7.19%

About Safehold

Real Estate Investment Trusts, SIC 6798

Safehold Inc. is a real estate investment trust that acquires, manages, and capitalizes ground leases. The company operates through a single business segment focused on long-term ground leases for commercial properties, typically structured as triple-net leases. Its products and financing solutions include ground lease originations, leasehold loans, and specialized programs such as SAFExSWAP and SAFExSELL. It also maintains dedicated investment funds, including the Ground Lease Plus Fund and the Leasehold Loan Fund, alongside its Caret program. The company serves commercial real estate owners, operators, investors, and institutional developers seeking capital for property acquisitions, development, or recapitalizations.

The company concentrates its operations in the United States, targeting commercial properties across major metropolitan areas and specifically focusing on the top thirty metropolitan markets. As of December 31, 2025, it employs 72 people, substantially all of whom are full-time personnel. The provided text notes that the company is incorporated in Maryland, but does not disclose the location of its corporate headquarters.

Summary of the business section of Safehold's latest annual report, written by StockData.

Company profile

Company

Legal name
Safehold Inc.
Headquarters
New York, NY
Address
One Penn Plaza, 51st Floor 10119
Phone
(212) 930-9400
Employees
72, Dec 31, 2025
Industry
Real Estate Investment Trusts
Incorporated in
Maryland
Fiscal year ends
December 31
Auditor
DELOITTE& TOUCHE LLP, New York, New York

Stock & identifiers

Ticker
SAFE
Former tickers
STAR until Apr 4, 2023
Exchange
NYSE
IPO date
Nov 1, 2001
Shares outstanding
71M, Jul 28, 2026
Public float
$800.00M, Jun 30, 2025
Filer category
Large accelerated filer
Stock splits
1-for-6 reverse, Jun 19, 1998
SEC CIK
1095651
CUSIP
78646V107
ISIN
US78646V1070
FIGI
BBG000H35J52
Share class FIGI
BBG001SDG572
LEI
QFFLKWYYS3UPWD86E794
EIN
95-6881527

Executives and directors

Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years

NamePositionShares owned
Jay SugarmanCHAIRMAN AND CEO, Director2,194,176
Christopher Michael UhlickChief Accounting Officer12,483
Brett AsnasCHIEF FINANCIAL OFFICER205,849
Michael Lane TrachtenbergPresident93,076
Jay S. NydickDirector77,336
Barry W. RidingsDirector63,544
Robin JosephsDirector157,358
Stefan M. SeligDirector105,169

CEO pay and shareholder return

Pay versus performance table from the proxy statement

Fiscal yearCEO total payCEO pay actually paidOther executives (avg)Value of $100 investedPeer group
FY2025$2.63M-$1.85M$6.38M$22$138
FY2024$644.60K-$115.15K$2.23M$28$134
FY2023$8.41M$7.72M$5.14M$34$123
FY2022$693.05K-$35.25M$1.87M$41$108
FY2021$2.33M$22.62M$2.82M$111$143
FY2020$935.52K$54.18M$2.80M$182$92

“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.

Executive compensation, fiscal 2025

Summary compensation table from the latest proxy statement

ExecutiveSalaryBonusStock awardsIncentive payOtherTotalvs. prior year
Jay Sugarman
Chairman and Chief Executive Officer
$600.00K–$1.95M–$77.09K$2.63M+308%
Michael Trachtenberg
President
$41.67K$250.00K$10.58M–$70$10.87M–
Brett Asnas
Chief Financial Officer
$450.00K–$725.00K$672.00K$34.77K$1.88M-36%

Stock and option awards are grant-date fair values, not realized pay. “Other” includes pension value changes and all other compensation. Source proxy statement.

Employees

Headcount reported in annual reports

“As of December 31, 2025, the Company had 72 employees.”

Corporate history

Events identified from SEC filings

DateEventDetails
Apr 5, 2023Name changeName changed from ISTAR INC. to Safehold Inc.
Apr 4, 2023Acquisition / saleCompletion of acquisition or disposition of assets (8-K Item 2.01)
Mar 31, 2023DelistingNotice of delisting from exchange (Form 25)
Dec 16, 2022MergerRegistration of securities for a merger or exchange offer (S-4)
Aug 25, 2022Listing noticeNotice of delisting or failure to satisfy a listing rule (8-K Item 3.01)
Mar 28, 2022Acquisition / saleCompletion of acquisition or disposition of assets (8-K Item 2.01)
Jul 6, 2018Acquisition / saleCompletion of acquisition or disposition of assets (8-K Item 2.01)
Nov 28, 2017Auditor changeChange in certifying accountant (8-K Item 4.01)
Oct 24, 2017DelistingNotice of delisting from exchange (Form 25)
Aug 19, 2015Name changeName changed from ISTAR FINANCIAL INC to ISTAR INC.
Apr 25, 2013Acquisition / saleCompletion of acquisition or disposition of assets (8-K Item 2.01)
Jun 8, 2012MergerRegistration of securities for a merger or exchange offer (S-4)
Mar 17, 2011Late filingNotification of late filing
Oct 14, 2010Acquisition / saleCompletion of acquisition or disposition of assets (8-K Item 2.01)
Jul 1, 2010Acquisition / saleCompletion of acquisition or disposition of assets (8-K Item 2.01)
Sep 18, 2007Acquisition / saleCompletion of acquisition or disposition of assets (8-K Item 2.01)
Jul 9, 2007Acquisition / saleCompletion of acquisition or disposition of assets (8-K Item 2.01)
Dec 15, 2006MergerRegistration of securities for a merger or exchange offer (S-4)
Apr 1, 2005Acquisition / saleCompletion of acquisition or disposition of assets (8-K Item 2.01)
Mar 3, 2005Acquisition / saleCompletion of acquisition or disposition of assets (8-K Item 2.01)
Jan 31, 2005Tender offerThird-party tender offer for the company's shares
Dec 10, 2004MergerRegistration of securities for a merger or exchange offer (S-4)
Jun 9, 2004MergerRegistration of securities for a merger or exchange offer (S-4)
May 25, 2004MergerRegistration of securities for a merger or exchange offer (S-4)
May 21, 2004MergerRegistration of securities for a merger or exchange offer (S-4)
Apr 6, 2004MergerRegistration of securities for a merger or exchange offer (S-4)
Mar 3, 2004DelistingNotice of delisting from exchange (Form 25)
Feb 27, 2004ListingRegistration of securities on an exchange (Form 8-A)
Dec 10, 2003ListingRegistration of securities on an exchange (Form 8-A)
Sep 25, 2003ListingRegistration of securities on an exchange (Form 8-A)

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