Companies ›Real Estate ›SAFE.BK

SAFE.BK — SET (Bangkok) Diversified REITs

Safe.Bk

$5,90

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Last 30 days

1D5D1M3M6MYTD1Y5YMax

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Mcap

—

P/E

—

EV / Rev

—

Div yield

6,56 %

Op margin

23,4 %

ROE

7,6 %

Net margin

18,7 %

Debt / equity

0,04

Beta

—

52w range

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Volume

—

Day range

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Prev close

$15,84

Open

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Next earnings

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Ex-dividend

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TR 1Y

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About

SAFE.BK operates in the healthcare facilities and services industry, providing biotechnology-related services and equipment, primarily generating revenue through its operations in this sector.

Business. Safehold Inc (SAFE.K) is a diversified real estate investment trust (REIT) listed on the New York Stock Exchange. The company operates within the Real Estate sector, specifically in the Diversified REITs industry, generating revenue primarily through rental income. Safehold is headquartered in the United States, though specific geographic or segment breakdowns are not provided in the available data.

Classification99 %

SectorReal Estate

Industry groupDiversified REITs

Generated · model-assisted

Sell-side consensus

BUY3 analysts

2 buy1 hold0 sell

Avg 12m price target8,52

Analyst recommendations

3 analysts · consensus Buy

Buy2

Hold1

Sell0

12-month price target

8,52

Consensus of sell-side coverage.

Upcoming events

— missing data

See all catalysts →

At a glance

Score

—

not yet scored

Valuation

—

valuation pending

Analysts→

Buy

3 analysts · indicative

Ownership→

T. Rowe Price Investment Management, Inc.

largest disclosed fund holder

Profitability→

7,6 %

return on equity

Quality

—

not yet scored

What drives this business

The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.

— missing data

News & coverage

No recent newsroom coverage mentioning SAFE.

Sector rotation

Sector1D1Mvs mkt

Materials+2,3 %+6,6 %+1,7 %

Communication Services+2,2 %−5,5 %+1,6 %

Energy+0,6 %+3,3 %+0,0 %

Health Care+0,6 %−0,8 %+0,0 %

Information Technology+0,6 %+6,7 %+0,0 %

Consumer Discretionary+0,4 %+7,6 %−0,2 %

Financials−0,3 %−2,8 %−0,9 %

Consumer Staples−0,4 %+2,5 %−1,0 %

Real Estate · THIS SECTOR−0,7 %+10,9 %−1,3 %

Industrials−1,9 %−3,1 %−2,5 %

Utilities−1,9 %+28,2 %−2,5 %

Developing storylines

No tracked sagas currently linked to SAFE.BK. Browse all sagas →

Analysis

AI analysis

Generated · analysis pipeline · tier hybrid · as of 2026-08-04 ↑ At a glance

Opportunity

— missing data

Upcoming catalysts

Scheduled public events. Informational only — not investment advice.

Macro
Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
Macro & political
ElectionSE Swedish Election2026-09-14 · SE
ElectionUS U.S. Midterms2026-11-03 · US
ElectionFR French Legislative2027-06-01 · FR

Pre-earnings brief

— missing data

Signals & dispatch

peak dispatch · —

Composite-score breakdown

Synthesis

Business

Safehold Inc (SAFE.K) is a diversified real estate investment trust (REIT) listed on the New York Stock Exchange. The company operates within the Real Estate sector, specifically in the Diversified REITs industry, generating revenue primarily through rental income. Safehold is headquartered in the United States, though specific geographic or segment breakdowns are not provided in the available data.

Classification99 %

SectorReal Estate

Industry groupDiversified REITs

AI synthesis

GENERATED

SAFE.BK maintains a strong liquidity position, with a current ratio of 16.69, indicating a significant ability to cover short-term liabilities with its current assets. However, the company has a negative net cash position after subtracting total debt, which introduces a medium liquidity risk. The debt-to-equity ratio is low at 0.04, suggesting a conservative capital structure with minimal reliance on debt financing.

In terms of profitability, SAFE.BK reports a return on equity (ROE) of 7.64% and a return on assets (ROA) of 6.82%. These figures are in line with the industry's preferred metrics, indicating that the company is generating returns that are comparable to its peers. The operating margin, calculated as operating income divided by revenue, is 23.45%, which is a strong indicator of the company's operational efficiency.

The company's revenue is primarily concentrated in its core healthcare services and equipment segment, with no significant geographic diversification disclosed in the available data. This concentration may expose the company to regional economic fluctuations and regulatory changes specific to its primary market.

Looking at the growth trajectory, SAFE.BK has demonstrated a consistent revenue performance, with a stable operating cash flow of 170.59 million THB. However, the free cash flow is negative at -18.47 million THB, which may limit the company's ability to reinvest in growth opportunities without external financing. The capital expenditure of -4.76 million THB indicates a modest investment in long-term assets, which could affect future growth potential.

The risk assessment for SAFE.BK highlights a medium liquidity risk due to the negative net cash position after subtracting total debt. The dilution risk is low, with no significant dilution potential identified in the basic shares outstanding. The company has not made any recent adjustments to its valuation metrics, suggesting a stable financial position.

Recent events and filings do not indicate any major changes in the company's operations or financial strategy. The analyst estimates suggest a generally positive outlook, with a mean price target of 8.52 THB and a median price target of 8.60 THB. The mean recommendation of 2.00 indicates a neutral to slightly positive sentiment among analysts.

Key takeaways

SAFE.BK has a strong liquidity position with a high current ratio, but a negative net cash position introduces medium liquidity risk.
The company's ROE and ROA are in line with industry standards, indicating solid profitability and asset utilization.
Revenue is concentrated in the core healthcare services and equipment segment, with no significant geographic diversification.
The company has a low debt-to-equity ratio, suggesting a conservative capital structure.
Analysts have a generally positive outlook, with a mean price target of 8.52 THB and a median price target of 8.60 THB.

Bull / Bear case

Generated · model-assisted

— missing data

In focus — financials by report

Valuation

Market price

$5,90

Market cap

—

Enterprise valueⓘ

—

P/Eⓘ

—

Non-GAAP P/Eⓘ

—

EV / Revenueⓘ

—

EV / Op incomeⓘ

—

EV / OCFⓘ

—

P / Bⓘ

—

P / Tangible bookⓘ

—

Tangible book

$1.72B

Net cashⓘ

-$61.1M

Current ratioⓘ

16.7

Debt / equityⓘ

0.0

ROAⓘ

6.8%

ROEⓘ

7.6%

Cash conversionⓘ

130.0%

CapEx / revenueⓘ

-0.7%

SBC / revenueⓘ

—

Dilution ratioⓘ

0.0%

Revenue by segment

Business relationships

Business relationships318 disclosed relationships · 1 type · extracted from filings & disclosures

Subsidiaries318

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Supply chain

— missing data

Peer comparison

Peer comparison7 peers · vs SAFE · multiples and returns

WPC—

Wp Carey Inc

—

P/E

—

— vs self

Div yield

—

— vs self

ROE

—

— vs self

EPR—

Epr Properties

$61,21

4,7B USD

P/E

15,5x

+6,0 vs self

Div yield

5,5 %

+0,8 vs self

ROE

11,9 %

+7,2 vs self

EPRT—

Essential Properties Realty

$31,15

6,6B USD

P/E

28,1x

+18,5 vs self

Div yield

—

— vs self

ROE

5,8 %

+1,0 vs self

NXDT—

NexPoint Diversified Real Estate Trust

$4,62

232,0M USD

P/E

—

— vs self

Div yield

11,4 %

+6,7 vs self

ROE

-17,4 %

-22,1 vs self

FVR—

Frontview Reit Inc

$20,24

450,9M USD

P/E

—

— vs self

Div yield

—

— vs self

ROE

-0,9 %

-5,6 vs self

FREVS—

First Real Estate Inv Tr Nj

—

P/E

—

— vs self

Div yield

—

— vs self

ROE

—

— vs self

KBSR—

Kbs Real Estate Investment T

—

P/E

—

— vs self

Div yield

—

— vs self

ROE

—

— vs self

Market position

Stress test

— missing data

Predictor forecast

Next quarternear-term

Earnings · next quarterconf 45 %

EPS

Consensus EPS

0,47

Predicted surprise

+0,00

Beat probability

45 %

Analysts

Other metrics

Revenue

—

no estimate

Segment revenue

—

no estimate

Margin

—

no estimate

Segment margin

—

no estimate

as of 2026-05-10 · Earnings Surprise V1

Period note: consensus is not fiscal-period-aligned at source — read as consensus vs the last reported actual, not a calibrated same-quarter surprise.

Full fiscal year~1 year ahead

Full fiscal year · our forecast vs guidance vs consensus

Metric	Our forecast	Guidance	Consensus
EPS	—no estimate	—no estimate	0,47
Revenue	—no estimate	—no estimate	755,5M THB
Operating income	—no estimate	—no estimate	195,0M THB

Full-year consensus mean (period as reported by source) · consensus in THB. Company-level full-year forecast and management guidance are not yet modelled at scale — shown as "no estimate", never inferred.

Probabilistic model output — not investment advice. · generated 2026-08-04

Options

— missing data

Short squeeze

— missing data

Earnings-call key lines

— missing data

Consensus distribution

sell-side coverage

Recommendation distribution3 analysts

Strong buy1

Buy1

Hold1

Sell0

Strong sell0

12-month price target$8,52 · Median $8,60

Low $7,25High $9,70

Operating income · consensus195,0M THB

EPS surprise

−9,5 %

reported vs consensus · miss

Revenue surprise

−7,1 %

reported vs consensus · miss

Estimate revisions

consensus EPS · 26-week trend

— missing data

Sell-side observations

Low$7,25

Mean$8,52

Median$8,60

High$9,70

Spot$5,90

+44.4 %implied to mean12-month sell-side price targets · ▲ spot

Themes

— missing data

ESG

— missing data

Risk factors

Dilution riskLow

Liquidity riskMedium

Filing-based flags

Net cash is negative after subtracting total debt.

Benchmarks vs cohort

Op Margin23,4 %Below median

Net Margin18,7 %Below median

ROE7,6 %Above P75

Capex / Rev-0,7 %Above median

D/E0,04Above median

Cash Conv1,30Above median

Corporate actions / M&A

— missing data

FX exposure

— missing data

Comparable transactions

— missing data

Derivatives & instruments

— missing data

Actions

Set alert Open in charts

Ask Handelsavisen

— missing data

Data sources

Market data
Market data cache
Issuer disclosures
Public news
Earnings transcripts
Consensus estimates
ESG data

How metrics are computed

Dilution Ratio
(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
Net Cash
cash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
Capex To Revenue
capital_expenditure / revenue
Return On Equity
net_income / total_equity
Debt To Equity
(short_term_debt + long_term_debt) / total_equity
Cash Conversion Ratio
operating_cash_flow / net_income

Source documents

SAFE.BK Market data — financials · 2026-05-29
Safe Fertility Group PCL Market data — analyst estimates · 2026-05-29

Ownership & reference

Top holders

T. Rowe Price Investment Management, Inc.Investment Managers · as of 2026-03-310,04 %$0M
BlackRock Institutional Trust Company, N.A.Investment Managers · as of 2024-06-300,00 %$170M
AMERIPRISE FINANCIAL INCInstitutional Investor · as of 2026-03-310,00 %$14M
First Trust Advisors L.P.Investment Managers · as of 2026-03-310,00 %$4M
AQR Capital Management, LLCInvestment Managers · as of 2026-03-310,00 %$6M
Principal Global Investors (Equity)Investment Managers · as of 2026-03-310,00 %$4M
Charles Schwab Investment Management, Inc.Investment Managers · as of 2026-03-310,00 %$11M
Vanguard Capital Management, LLCInvestment Managers · as of 2025-12-310,00 %$103M
State Street Investment Management (US)Investment Managers · as of 2026-03-310,00 %$36M
Geode Capital Management, L.L.C.Investment Managers · as of 2026-03-310,00 %$18M
Northern Trust Investments, Inc.Investment Managers · as of 2026-03-310,00 %$8M
Bank of New York Mellon CorpInstitutional Investor · as of 2026-03-310,00 %$5M
Nuveen LLCInvestment Managers · as of 2024-12-310,00 %$2M
Morgan Stanley Smith Barney LLCInvestment Managers · as of 2026-03-310,00 %$12M
Invesco QQQ TrustFunds · as of 2026-03-310,00 %$3M
Goldman Sachs Asset Management, L.P.Investment Managers · as of 2026-03-310,00 %$4M
AllianceBernstein L.P.Investment Managers · as of 2026-03-310,00 %$1M
UBS Financial Services, Inc.Investment Managers · as of 2026-03-310,00 %$1M
Raymond James & Associates, Inc.Brokerage Firms · as of 2026-03-310,00 %$0M
JANUS HENDERSON GROUP PLCInstitutional Investor · as of 2026-03-310,00 %$0M
Franklin Advisers, Inc.Investment Managers · as of 2026-03-310,00 %$1M
Wells Fargo AdvisorsBrokerage Firms · as of 2026-03-310,00 %$1M
T. Rowe Price Associates, Inc.Investment Managers · as of 2026-03-310,00 %$0M
PNC Investments LLCInvestment Managers · as of 2026-03-310,00 %$0M
FMR LLCInstitutional Investor · as of 2026-03-310,00 %$0M

Leadership

Jay Scott SugarmanChairman of the Board, Chief Executive Officer

Insider activity

Mixed / flat0 buys · 0 sellsnet $08 insiders · last 365d

Uhlick Christopher MichaelChief Accounting Officer · Common StockOther 4 500 · 2026-05-29
RIDINGS BARRY WDirector · Common StockOther 8 778 · 2026-05-14
JOSEPHS ROBINDirector · Common StockOther 8 778 · 2026-05-14
NYDICK JAY SDirector · Common StockOther 8 778 · 2026-05-14
SELIG STEFAN MDirector · Common StockOther 13 655 · 2026-05-14
JOSEPHS ROBINDirector · Common StockOther 359 · 2026-04-15
RIDINGS BARRY WDirector · Common StockOther 33 · 2026-04-15
SUGARMAN JAYDirector, CHAIRMAN AND CEO · Common StockOther 23 662 · 2026-03-31
Asnas BrettCHIEF FINANCIAL OFFICER · Common StockOther 8 118 · 2026-03-31
Asnas BrettCHIEF FINANCIAL OFFICER · Common StockOther 66 171 · 2026-02-27
Asnas BrettCHIEF FINANCIAL OFFICER · Common StockOther 27 295 · 2026-02-27
SUGARMAN JAYDirector, CHAIRMAN AND CEO · Common StockOther 40 825 · 2026-02-27
SUGARMAN JAYDirector, CHAIRMAN AND CEO · Common StockOther 90 149 · 2026-02-27
JOSEPHS ROBINDirector · Common StockOther 362 · 2026-01-15
RIDINGS BARRY WDirector · Common StockOther 33 · 2026-01-15
Trachtenberg Michael LanePresident · Common StockOther 93 076 · 2025-12-01
RIDINGS BARRY WDirector · Common StockOther 32 · 2025-10-15
JOSEPHS ROBINDirector · Common StockOther 346 · 2025-10-15

Short positioning

3.3Mshares short+6.4% vs prior

12.41days to cover

64.2%short of daily vol

1.5Kfails-to-deliver

as of 2026-07-15 · short-interest report (free)

Geographic breakdown

— missing data

Listings · one canonical issuer all listings resolve to the canonical

SAFE.BKCanonical

SET (Bangkok) · USD

Intel & risk

PredictorBeat prob45 %Surprise+0,00Full forecast →

peak dispatch · —

OSINT findings

Dilution riskLow

Liquidity riskMedium

Net cash is negative after subtracting total debt.

Relationship graph

This companySectorSubsidiaries

Evidence & claims

From filings & derived data

EPS (basic) (YoY) (2025-12-31 vs 2024-12-31): 8.1%Derived (calculated)
Net margin (FY 2025-12-31): 29.7%Derived (calculated)
Revenue (YoY) (2025-12-31 vs 2024-12-31): 5.4%Derived (calculated)
Total assets (YoY) (2025-12-31 vs 2024-12-31): 5.1%Derived (calculated)
EPS (diluted) (YoY) (2025-12-31 vs 2024-12-31): 7.4%Derived (calculated)
Cost of revenue (YoY) (2025-12-31 vs 2024-12-31): 12.7%Derived (calculated)
Operating cash flow (YoY) (2025-12-31 vs 2024-12-31): 26.3%Derived (calculated)
Long-term debt (YoY) (2025-12-31 vs 2024-12-31): 6.2%Derived (calculated)
Return on assets (FY 2025-12-31): 1.6%Derived (calculated)
Cash & equivalents (YoY) (2025-12-31 vs 2024-12-31): 160.1%Derived (calculated)
Shareholders' equity (YoY) (2025-12-31 vs 2024-12-31): 2.7%Derived (calculated)
Total liabilities (YoY) (2025-12-31 vs 2024-12-31): 6.3%Derived (calculated)
Operating income (YoY) (2025-12-31 vs 2024-12-31): 15.9%Derived (calculated)
Net income (YoY) (2025-12-31 vs 2024-12-31): 8.2%Derived (calculated)
Debt-to-equity (FY 2025-12-31): 2.00xDerived (calculated)
Return on equity (FY 2025-12-31): 4.8%Derived (calculated)
Total assets (annual): USD 7.25BSEC XBRL filing
Net income (annual): USD 114.47MSEC XBRL filing
Pre-tax income (annual): USD 117.56MSEC XBRL filing
Cost of revenue (annual): USD 4.76MSEC XBRL filing
Long-term debt (annual): USD 4.59BSEC XBRL filing
Revenue (annual): USD 385.55MSEC XBRL filing
EPS (basic) (annual): USD-PER-SHARES 2SEC XBRL filing
Operating income (annual): USD 100.9MSEC XBRL filing

Showing 24 of 60 surfaced claims.

Atomic claims from regulatory filings and derived calculations. Provenance shown as source kind only.

The Thread

Everything we know, in order

2026-07-30 00:00 UTCTRANSCRIPTEarnings call — Q3 2026

2026-07-22 11:20 UTCNEWSRomania ties €920m SAFE contract to Mangalia shipyard rescue → Economy Minister Irineu Darău links the finalization of a major financial agreement to the survival of the Black Sea facility, signaling a shift in state strategy after Rheinmetall withdrew from the initial bidding round.

2026-07-20 08:05 UTCNEWSECB survey shows euro area bank lending conditions tightening as rates rise → Rising borrowing costs are weighing on corporate financing in the euro area, with firms reporting a sharp net increase in interest rates on new loans in the second quarter.

2026-06-30 03:38 UTCEARNINGSUpcomingForecast: earnings_forecast (90d)

2026-06-20 12:34 UTCANALYSTAnalyst coverage initiated

2026-06-16FILINGFORM 8-K →

2026-06-12FILINGFORM 8-K →

2026-05-29 00:00 UTCINSIDER5 insider transactions — 2026-05

2026-05-29INSIDERUhlick Christopher Michael transacted 4.5k sh — Chief Accounting Officer

2026-05-15FILINGFORM 8-K →

2026-05-14INSIDERRIDINGS BARRY W transacted 8.8k sh — Director

2026-05-14INSIDERJOSEPHS ROBIN transacted 8.8k sh — Director

2026-05-14INSIDERNYDICK JAY S transacted 8.8k sh — Director

2026-05-14INSIDERSELIG STEFAN M transacted 13.7k sh — Director

2026-05-01FILING10-Q filing →

2026-04-30FILING8-K filing →

2026-04-15 00:00 UTCINSIDER2 insider transactions — 2026-04

2026-04-15INSIDERJOSEPHS ROBIN transacted 359 sh — Director

2026-04-15INSIDERRIDINGS BARRY W transacted 33 sh — Director

2026-03-31 00:00 UTCINSIDER2 insider transactions — 2026-03

2026-03-31FILINGDEF 14A filing →

2026-03-31INSIDERSUGARMAN JAY transacted 23.7k sh — Director, CHAIRMAN AND CEO

2026-03-31INSIDERAsnas Brett transacted 8.1k sh — CHIEF FINANCIAL OFFICER

2026-03-25FILINGFORM 8-K →

2026-03-25FILING424B7 filing →

2026-02-27 00:00 UTCINSIDER4 insider transactions — 2026-02

2026-02-27INSIDERAsnas Brett transacted 66.2k sh — CHIEF FINANCIAL OFFICER

2026-02-27INSIDERAsnas Brett transacted 27.3k sh — CHIEF FINANCIAL OFFICER

2026-02-27INSIDERSUGARMAN JAY transacted 40.8k sh — Director, CHAIRMAN AND CEO

2026-02-27INSIDERSUGARMAN JAY transacted 90.1k sh — Director, CHAIRMAN AND CEO

2026-02-12FILING10-K filing →

2026-02-11FILING8-K filing →

2026-01-15 00:00 UTCINSIDER2 insider transactions — 2026-01

2026-01-15INSIDERJOSEPHS ROBIN transacted 362 sh — Director

2026-01-15INSIDERRIDINGS BARRY W transacted 33 sh — Director

2025-12-01 00:00 UTCINSIDER1 insider transaction — 2025-12

Showing the 40 most recent of 45 entries.

The entity's full life in the product — typed, chronological, joined across Newspaper, Platform and Data. Our memory, made visible.

Sources filings · IR · transcripts · market data · tier hybrid · as of 2026-08-04 Market data · Issuer disclosures · Public news · Earnings transcripts · Consensus estimates · ESG data Premium coverage

Analyst recommendations

At a glance

What drives this business

News & coverage

Sector rotation

Developing storylines

Analysis

Opportunity

Upcoming catalysts

Pre-earnings brief

Signals & dispatch

Composite-score breakdown

Synthesis

Bull / Bear case

In focus — financials by report

Valuation

Revenue by segment

Market share

Business relationships

Supply chain

Peer comparison

Market position

Stress test

Predictor forecast

Options

Short squeeze

Earnings-call key lines

Consensus distribution

Estimate revisions

Sell-side observations

Themes

ESG

Risk factors

Benchmarks vs cohort

Corporate actions / M&A

FX exposure

Comparable transactions

Derivatives & instruments

Actions

Ask Handelsavisen

Ownership & reference

Top holders

Leadership

Insider activity

Short positioning

Geographic breakdown

Intel & risk

Evidence & claims

The Thread