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Safehold ( (SAFE) ) has provided an update.
Safehold Inc., a leading creator of modern ground leases and a real estate investment trust focused on high-quality commercial and residential property sectors, reported solid operating performance for the fourth quarter and full year ended Dec. 31, 2025. The company operates across multifamily, office, industrial, hospitality, student housing, life science and mixed-use assets, using ground leases and leasehold financing to help owners improve returns while seeking stable, long-term income for its investors.
On Feb. 11, 2026, Safehold announced fourth-quarter 2025 revenue of $97.9 million and full-year 2025 revenue of $385.6 million, with net income attributable to common shareholders of $27.9 million for the quarter and $114.5 million for the year, or $30.1 million and $118.6 million respectively when excluding non-recurring losses. Earnings per share were $0.39 in the fourth quarter and $1.59 for the year, rising to $0.42 and $1.65 excluding these items, while estimated unrealized capital appreciation increased to $9.3 billion.
In 2025, Safehold originated $429 million of new investments, including 17 new ground leases totaling $277 million and four leasehold loans totaling $152 million, bringing its aggregate ground lease portfolio to $7.1 billion and reinforcing its scale in the ground lease market. The company also closed a $400 million five-year unsecured term loan and repaid $227 million of secured debt maturing in 2027, strengthening its capital structure.
Safehold’s credit profile improved as it received a rating upgrade to A- with a stable outlook from S&P, leaving it rated A-/A3/A- by S&P, Moody’s and Fitch, all with stable outlooks, which lowers its cost of capital and supports future deal activity. Management highlighted active customer dialogue, growing momentum in its affordable housing business and the appointment of Michael Trachtenberg as president, indicating that the company sees itself well positioned for 2026 as it seeks to deploy capital and create further value for shareholders.
The most recent analyst rating on (SAFE) stock is a Hold with a $15.50 price target. To see the full list of analyst forecasts on Safehold stock, see the SAFE Stock Forecast page.
Spark’s Take on SAFE Stock
According to Spark, TipRanks’ AI Analyst, SAFE is a Neutral.
Safehold’s overall stock score reflects strong profitability and attractive valuation, tempered by high leverage and declining cash flow. Recent corporate events and earnings call insights provide a positive outlook, but technical indicators suggest caution due to bearish trends.
To see Spark’s full report on SAFE stock, click here.
More about Safehold
Safehold Inc., a New York-based real estate investment trust listed on the NYSE as SAFE, focuses on modern ground leases that help owners of high-quality multifamily, office, industrial, hospitality, student housing, life science and mixed-use properties unlock the value of the land beneath their buildings. Since creating the modern ground lease industry in 2017, the company has targeted safe, growing income and long-term capital appreciation for shareholders by structuring ground leases and related leasehold loans across institutional-quality U.S. real estate.
Average Trading Volume: 445,314
Technical Sentiment Signal: Sell
Current Market Cap: $1.08B
Find detailed analytics on SAFE stock on TipRanks’ Stock Analysis page.