Safehold Ratios and Metrics

Market cap in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Feb '26 Feb 23, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Market Capitalization	1,140	982	1,320	1,663	1,780	4,516
Market Cap Growth	-3.56%	-25.59%	-20.61%	-6.57%	-60.59%	19.16%
Enterprise Value	5,710	5,522	5,642	5,660	5,240	6,509
Last Close Price	15.89	13.69	17.66	21.60	25.59	69.95
PE Ratio	9.99	8.58	12.48	-	13.14	61.76
PS Ratio	2.82	2.43	3.40	4.60	6.37	23.37
PB Ratio	0.47	0.40	0.56	0.72	0.82	2.68
P/OCF Ratio	23.85	20.55	34.87	108.05	27.44	167.79
EV/Sales Ratio	14.12	13.65	14.52	15.65	18.76	33.67
EV/EBITDA Ratio	16.83	16.28	17.61	20.95	21.88	39.83
EV/EBIT Ratio	17.39	16.82	18.31	21.95	23.02	42.98
Debt / Equity Ratio	1.88	1.88	1.82	1.77	1.63	1.60
Debt / EBITDA Ratio	13.54	13.54	13.51	15.07	14.72	16.54
Net Debt / Equity Ratio	1.87	1.87	1.82	1.77	1.62	1.59
Net Debt / EBITDA Ratio	13.47	13.47	13.48	15.00	14.64	16.36
Asset Turnover	0.06	0.06	0.06	0.06	0.05	0.05
Quick Ratio	37.26	37.26	40.91	42.74	49.01	54.14
Current Ratio	38.35	38.35	41.87	44.02	49.35	54.32
Return on Equity (ROE)	4.76%	4.76%	4.57%	-2.45%	7.52%	4.78%
Return on Assets (ROA)	2.90%	2.90%	2.86%	2.60%	2.74%	2.45%
Return on Invested Capital (ROIC)	4.58%	4.66%	4.57%	4.28%	4.52%	4.04%
Earnings Yield	10.04%	11.65%	8.01%	-3.31%	7.61%	1.62%
Dividend Yield	4.44%	5.17%	4.01%	3.28%	2.74%	0.96%
Payout Ratio	44.53%	44.49%	47.83%	-	31.15%	49.16%
Buyback Yield / Dilution	-0.47%	-0.47%	-7.14%	-6.88%	-12.90%	-9.01%
Total Shareholder Return	3.99%	4.70%	-3.13%	-3.61%	-10.17%	-8.04%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.

SEC Filings: 10-K · 10-Q