SAFE - Safehold Inc.
NYSE
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Real Estate
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REIT—Diversified
New York,
United States
Type: Equity
SAFE price evolution
SAFE
| (in millions $) | 31 Dec 2023 | 30 Sep 2023 | 30 Jun 2023 | 31 Mar 2023 |
|---|---|---|---|---|
| Current assets | ||||
| Cash | $46.74 | $39.46 | $42.42 | $48.29 |
| Short term investments | ||||
| Net receivables | $180.03 | $172.28 | $164.5 | $156.7 |
| Inventory | $9.71 | $7 | $2 | |
| Total current assets | $1650.77 | $1582 | $1499 | $1453 |
| Long term investments | ||||
| Property, plant & equipment | $924.76 | $925.67 | $918.03 | $922.72 |
| Goodwill & intangible assets | $149.5 | $155.8 | ||
| Total noncurrent assets | ||||
| Total investments | $422.43 | $399.21 | $379.37 | $355.64 |
| Total assets | $6548.31 | $6443.19 | $6419.06 | $6290.56 |
| Current liabilities | ||||
| Accounts payable | $134.52 | $122.99 | $119.8 | $126.2 |
| Deferred revenue | ||||
| Short long term debt | ||||
| Total current liabilities | $116.89 | $108 | $103 | $110 |
| Long term debt | $4054.36 | $3938 | $3982 | $3902 |
| Total noncurrent liabilities | ||||
| Total debt | $4054.36 | $3937.83 | $3982.34 | $3901.84 |
| Total liabilities | $4252.64 | $4124.78 | $4166.31 | $4092.42 |
| Shareholders' equity | ||||
| Retained earnings | $47.58 | $19.12 | $154.83 | $144.16 |
| Other shareholder equity | -$1.34 | $61.46 | $9.12 | -$24.2 |
| Total shareholder equity | $2231.25 | $2264.33 | $2199.26 | $2151.63 |
| (in millions $) | 31 Dec 2023 | 31 Jan 2023 | 31 Dec 2021 | 31 Dec 2020 |
|---|---|---|---|---|
| Current assets | ||||
| Cash | $46.74 | $1442.27 | $38.52 | $96.47 |
| Short term investments | ||||
| Net receivables | $180.03 | $1523.59 | $913.56 | $670.76 |
| Inventory | $9.71 | $3.98 | $0.3 | $5 |
| Total current assets | $1650.77 | $1543.65 | $943.18 | $727.7 |
| Long term investments | ||||
| Property, plant & equipment | $924.76 | $732.91 | $712.63 | $730.11 |
| Goodwill & intangible assets | $224.18 | $242.17 | ||
| Total noncurrent assets | ||||
| Total investments | $422.43 | $1446.99 | $2586.09 | $1435.13 |
| Total assets | $6548.31 | $5850.92 | $4515.73 | $3208.97 |
| Current liabilities | ||||
| Accounts payable | $134.52 | $143.48 | $67.59 | $76.67 |
| Deferred revenue | ||||
| Short long term debt | ||||
| Total current liabilities | $116.89 | $82.72 | $52.59 | $37.2 |
| Long term debt | $4054.36 | $3521.36 | $2697.5 | $1684.7 |
| Total noncurrent liabilities | ||||
| Total debt | $4054.36 | $1682.52 | $2697.5 | $1684.73 |
| Total liabilities | $4252.64 | $3709.37 | $2830.52 | $1827.67 |
| Shareholders' equity | ||||
| Retained earnings | $47.58 | $151.23 | $59.37 | $23.95 |
| Other shareholder equity | -$1.34 | $3.28 | -$40.98 | -$57.46 |
| Total shareholder equity | $2231.25 | $1408.52 | $1682.28 | $1379.12 |
| (in millions $) | 31 Dec 2023 | 30 Sep 2023 | 30 Jun 2023 | 31 Mar 2023 |
|---|---|---|---|---|
| Revenue | ||||
| Total revenue | $103.03 | $85.56 | $85.66 | $78.33 |
| Cost of revenue | $48.96 | $47.55 | $47.07 | $42.08 |
| Gross Profit | $54.06 | $38.01 | $38.59 | $36.25 |
| Operating activities | ||||
| Research & development | ||||
| Selling, general & administrative | $16.73 | $17.86 | $18.92 | $15.07 |
| Total operating expenses | $19.63 | $168.25 | $22.76 | $33.8 |
| Operating income | $34.44 | -$130.24 | $15.83 | $2.45 |
| Income from continuing operations | ||||
| EBIT | $42.32 | -$122.91 | $22.66 | $4.68 |
| Income tax expense | $1.14 | $0.06 | $0.53 | |
| Interest expense | ||||
| Net income | ||||
| Net income | $41.18 | -$122.97 | $22.13 | $4.68 |
| Income (for common shares) | $41.18 | -$122.97 | $22.13 | $4.68 |
| (in millions $) | 31 Dec 2023 | 31 Dec 2022 | 31 Dec 2021 | 31 Dec 2020 |
|---|---|---|---|---|
| Revenue | ||||
| Total revenue | $352.58 | $158.05 | $187.01 | $155.43 |
| Cost of revenue | $185.66 | $213.11 | $2.66 | $2.48 |
| Gross Profit | $166.91 | -$55.05 | $184.35 | $152.95 |
| Operating activities | ||||
| Research & development | ||||
| Selling, general & administrative | $68.57 | $21.27 | $28.75 | $22.73 |
| Total operating expenses | $244.44 | $50.76 | $39.18 | $32.41 |
| Operating income | -$77.52 | -$105.82 | $145.17 | $120.54 |
| Income from continuing operations | ||||
| EBIT | -$53.25 | $421.86 | $152.83 | $123.65 |
| Income tax expense | $1.72 | $0.57 | ||
| Interest expense | $79.71 | $64.35 | ||
| Net income | ||||
| Net income | -$54.97 | $421.29 | $73.12 | $59.29 |
| Income (for common shares) | -$54.97 | $397.79 | $73.12 | $59.29 |
| (in millions $) | 31 Dec 2023 | 30 Sep 2023 | 30 Jun 2023 | 31 Mar 2023 |
|---|---|---|---|---|
| Net income | $41.18 | -$122.97 | $22.13 | $4.68 |
| Operating activities | ||||
| Depreciation | $2.49 | $2.52 | $2.53 | $2.4 |
| Business acquisitions & disposals | $4.2 | -$85.47 | ||
| Stock-based compensation | $3.1 | $7.46 | $7.99 | $4.68 |
| Total cash flows from operations | $23.06 | $1.8 | -$2.66 | -$6.81 |
| Investing activities | ||||
| Capital expenditures | -$0.98 | -$10.93 | $1.63 | |
| Investments | -$132.31 | -$87.82 | -$79.06 | -$184.49 |
| Total cash flows from investing | -$126.62 | -$94.12 | -$85.89 | -$269.93 |
| Financing activities | ||||
| Dividends paid | -$12.58 | -$11.31 | -$22.14 | |
| Sale and purchase of stock | $151.94 | |||
| Net borrowings | $114 | -$45 | $78 | $280 |
| Total cash flows from financing | $110.84 | $89.36 | $82.69 | $276.64 |
| Effect of exchange rate | ||||
| Change in cash and equivalents | $7.28 | -$2.96 | -$5.86 | -$0.1 |
| (in millions $) | 31 Dec 2023 | 31 Dec 2022 | 31 Dec 2021 | 31 Dec 2020 |
|---|---|---|---|---|
| Net income | -$54.97 | $421.29 | $73.12 | $59.29 |
| Operating activities | ||||
| Depreciation | $9.94 | $5.47 | $11.99 | $12.08 |
| Business acquisitions & disposals | -$81.27 | -$40.27 | ||
| Stock-based compensation | $23.23 | -$27.66 | $1.75 | $1.74 |
| Total cash flows from operations | $15.39 | $47.67 | $26.92 | $35.71 |
| Investing activities | ||||
| Capital expenditures | -$10.28 | $2058.71 | -$57.88 | |
| Investments | -$483.68 | $760.05 | -$1289.52 | -$474.08 |
| Total cash flows from investing | -$576.57 | $2787.81 | -$1287.99 | -$530.64 |
| Financing activities | ||||
| Dividends paid | -$46.04 | -$30.22 | -$35.95 | -$32 |
| Sale and purchase of stock | $151.94 | $243.34 | $271.21 | |
| Net borrowings | $427 | -$1120.71 | $1018.44 | $316.97 |
| Total cash flows from financing | $559.53 | -$1780.7 | $1203.12 | $544.62 |
| Effect of exchange rate | -$0.08 | |||
| Change in cash and equivalents | -$1.65 | $1054.7 | -$57.95 | $49.69 |
News
Fundamentals
| Market cap | $1.39B |
|---|---|
| Enterprise value | $5.39B |
| Shares outstanding | 71.08M |
| Revenue | $352.58M |
|---|---|
| EBITDA | -$43.32M |
| EBIT | -$53.25M |
| Net Income | -$54.97M |
| Revenue Q/Q | 240.27% |
| Revenue Y/Y | 55.17% |
| P/E ratio | -25.20 |
|---|---|
| EV/Sales | 15.30 |
| EV/EBITDA | -124.50 |
| EV/EBIT | -101.27 |
| P/S ratio | 3.93 |
| P/B ratio | 0.62 |
| Book/Share | 31.41 |
| Cash/Share | 0.66 |
| EPS | -$0.77 |
|---|---|
| ROA | -0.86% |
| ROE | -2.49% |
| Debt/Equity | 1.91 |
|---|---|
| Net debt/EBITDA | -97.09 |
| Current ratio | 14.12 |
| Quick ratio | 14.04 |