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	2020 - 2016
Period Ending	Apr '26 Apr 28, 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	2020 - 2016
Market Capitalization	1,146	982	1,320	1,663	1,780	4,516	Upgrade
Market Cap Growth	12.75%	-25.59%	-20.61%	-6.57%	-60.59%	19.16%	Upgrade
Enterprise Value	5,716	5,522	5,642	5,660	5,240	6,509	Upgrade
Last Close Price	15.96	13.51	17.43	21.32	25.26	69.04	Upgrade
PE Ratio	10.04	8.58	12.48	-	13.14	61.76	Upgrade
PS Ratio	2.83	2.43	3.40	4.60	6.37	23.37	Upgrade
PB Ratio	0.48	0.40	0.56	0.72	0.82	2.68	Upgrade
P/OCF Ratio	23.97	20.55	34.87	108.05	27.44	167.79	Upgrade
EV/Sales Ratio	14.13	13.65	14.52	15.65	18.76	33.67	Upgrade
EV/EBITDA Ratio	16.85	16.28	17.61	20.95	21.88	39.83	Upgrade
EV/EBIT Ratio	17.41	16.82	18.31	21.95	23.02	42.98	Upgrade
Debt / Equity Ratio	1.88	1.88	1.82	1.77	1.63	1.60	Upgrade
Debt / EBITDA Ratio	13.54	13.54	13.51	15.07	14.72	16.54	Upgrade
Net Debt / Equity Ratio	1.87	1.87	1.82	1.77	1.62	1.59	Upgrade
Net Debt / EBITDA Ratio	13.47	13.47	13.48	15.00	14.64	16.36	Upgrade
Asset Turnover	0.06	0.06	0.06	0.06	0.05	0.05	Upgrade
Quick Ratio	37.26	37.26	40.91	42.74	49.01	54.14	Upgrade
Current Ratio	38.35	38.35	41.87	44.02	49.35	54.32	Upgrade
Return on Equity (ROE)	4.76%	4.76%	4.57%	-2.45%	7.52%	4.78%	Upgrade
Return on Assets (ROA)	2.90%	2.90%	2.86%	2.60%	2.74%	2.45%	Upgrade
Return on Invested Capital (ROIC)	4.58%	4.66%	4.57%	4.28%	4.52%	4.04%	Upgrade
Earnings Yield	9.99%	11.65%	8.01%	-3.31%	7.61%	1.62%	Upgrade
Dividend Yield	4.44%	5.24%	4.06%	3.32%	2.77%	0.97%	Upgrade
Payout Ratio	44.53%	44.49%	47.83%	-	31.15%	49.16%	Upgrade
Buyback Yield / Dilution	-0.47%	-0.47%	-7.14%	-6.88%	-12.90%	-9.01%	Upgrade
Total Shareholder Return	3.97%	4.77%	-3.08%	-3.56%	-10.13%	-8.03%	Upgrade

Source: S&P Capital IQ. Real Estate template. Financial Sources.