SAFESafehold Inc.
Is it safe?
Nothing alarming, nothing pristine: insiders quiet, heavy debt (BB), and typical volatility.
Insiders were net sellers (-$138K, 90 days to Oct 8, 2026), selling is often routine.
Moderately leveraged. A rule of thumb on leverage, not a credit rating.
Moderate price swings, typical volatility. Worst drawdown -89% · now 30% below its 52-week high.
Against the whole market›
Percentile against every name Ryufin tracks. Higher is better; the tick marks the middle of the market. Context, not one of the checks above.
Where this answer is blind. Altman sits structurally low for utilities and pipelines; Beneish runs high for fast growers, since sales growth alone lifts it; banks and REITs are excluded.
Can SAFE take a bad year?
Safehold Inc. carries $4.64B of net debt at 40.9× EBITDA: a heavy load to carry through a bad year.
Net debt · as at Q2 2026 · over four years of earnings before interest, tax and depreciation, heavy
- Net debt / EBITDA
- 40.9×
Net debt / EBITDA · 45.7× a year ago · the load is coming down
- Interest cover
- 0.49×
Interest cover · operating profit does not cover the interest bill
- Annualised volatility
- 35%
Annualised volatility · about as steady as the market itself
Details›
- Total debtQ2 2026
- $4.65B
- Cash and short-term investments
- $16M
- Net debt
- $4.64B
- EBITDA, trailing twelve months
- $113M
- Operating profit, trailing twelve months
- $105M
- Debt / equity
- 1.91×
- Total debt / EBITDA
- 41.0×
- Annualised volatilitytwo years of daily moves
- 35%
- Worst drawdown on file
- −89%
- Below its 52-week high
- 30%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.
REIT, Diversified
The closest names by size in the same industry