# Safehold Inc. (SAFE) · Edgar & Edgarette company card

> Safehold Inc. (SAFE) grew revenue 5.4% in FY2025 to $386 million, operating margin 26.2% against a 24.7% median for real estate investment trusts, equity 33.2% of assets. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 1095651 · fiscal year ended 2025-12-31 · 5 audited years read · [page](https://www.pops4.com/boards/company/SAFE) · [JSON](https://www.pops4.com/boards/company/SAFE.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $386M |
| Revenue growth, 1 year | 5.4% |
| Revenue growth per year | 19.8% |
| Operating margin | 26.2% (prior year 23.8%) |
| Net margin | 29.7% |
| Operating cash flow | $48M |
| Capital spending | — |
| Free cash flow | — |
| Cash | $22M |
| Long-term debt | $4.6B |
| Total assets | $7.2B |
| Total equity | $2.4B |
| Equity ÷ assets | 33.2% |
| Return on equity | 4.8% |
| Dividend per share | $0.708 |
| Dividend years rising | 0 |

## Readings, computed from those figures

- Piotroski F: 5 of 9 (middling)
- Health Harbor boat: New ship · no warning signs
- Cash Compass: Cash cow later · growing fast, and already turning revenue into cash

## Edgarette's reading

Exposure: revenue $385.6M (FY2025), total debt $4.6B. Experience: revenue up 5.4% on the year, up 19.8% a year over 4 years; operating margin 26.2%, up from 23.8%. Soundness: equity 33.2% of assets, return on equity 4.8%, payout 44.4% of profit. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $330.1M and $515.5M next year (method v4.1: its own 4-year record of growth weighed at 50% against $100M–1B filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $294.9M to $579.6M. A statistical range, not company guidance. Against peers (79 filers, $50M+ revenue, real estate investment trusts): operating margin 26.2% against a 24.7% median; growth 5.4% against 3.7%.

Range logged 2026-10-30, receipt 6e56b553edac3294, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

- Item 5.02 Director or officer change: 2, latest 2026-05-15 ([filing](https://www.sec.gov/Archives/edgar/data/1095651/000110465926062569/0001104659-26-062569-index.htm))

## Recent filings

- 10-Q · filed 2026-11-04 · [filing](https://www.sec.gov/Archives/edgar/data/1095651/000109565126000035/0001095651-26-000035-index.htm)
- 8-K · filed 2026-11-03 · 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1095651/000109565126000033/0001095651-26-000033-index.htm)
- 8-K · filed 2026-11-03 · 2.02 Results of Operations and Financial Condition; 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1095651/000109565126000032/0001095651-26-000032-index.htm)
- 8-K · filed 2026-10-02 · 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1095651/000110465926113313/0001104659-26-113313-index.htm)
- 8-K · filed 2026-08-03 · 8.01 Other Events · [filing](https://www.sec.gov/Archives/edgar/data/1095651/000109565126000028/0001095651-26-000028-index.htm)
- 10-Q · filed 2026-07-31 · [filing](https://www.sec.gov/Archives/edgar/data/1095651/000109565126000025/0001095651-26-000025-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001095651.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1095651

## Cite

POPS4, Edgar & Edgarette: Safehold Inc. (SAFE) company card, from the company's own SEC filings, accessed 2026-11-04, https://www.pops4.com/boards/company/SAFE. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.