GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Safehold Inc (NYSE:SAFE) » Definitions » ROE %
中文

Safehold (Safehold) ROE %

: 7.33% (As of Dec. 2023)
View and export this data going back to 2017. Start your Free Trial

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Safehold's annualized net income for the quarter that ended in Dec. 2023 was $164.7 Mil. Safehold's average Total Stockholders Equity over the quarter that ended in Dec. 2023 was $2,247.8 Mil. Therefore, Safehold's annualized ROE % for the quarter that ended in Dec. 2023 was 7.33%.

The historical rank and industry rank for Safehold's ROE % or its related term are showing as below:

SAFE' s ROE % Range Over the Past 10 Years
Min: -2.51   Med: 4.14   Max: 7.08
Current: -2.5

During the past 9 years, Safehold's highest ROE % was 7.08%. The lowest was -2.51%. And the median was 4.14%.

SAFE's ROE % is ranked worse than
77% of 800 companies
in the REITs industry
Industry Median: 4.25 vs SAFE: -2.50

Safehold ROE % Historical Data

The historical data trend for Safehold's ROE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Safehold Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROE %
Get a 7-Day Free Trial Premium Member Only 3.83 4.80 4.78 7.08 -2.51

Safehold Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
ROE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.10 0.87 4.07 -22.04 7.33

Competitive Comparison

For the REIT - Diversified subindustry, Safehold's ROE %, along with its competitors' market caps and ROE % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Safehold ROE % Distribution

For the REITs industry and Real Estate sector, Safehold's ROE % distribution charts can be found below:

* The bar in red indicates where Safehold's ROE % falls into.



Safehold ROE % Calculation

Safehold's annualized ROE % for the fiscal year that ended in Dec. 2023 is calculated as

ROE %=Net Income (A: Dec. 2023 )/( (Total Stockholders Equity (A: Dec. 2022 )+Total Stockholders Equity (A: Dec. 2023 ))/ count )
=-54.973/( (2141.548+2231.253)/ 2 )
=-54.973/2186.4005
=-2.51 %

Safehold's annualized ROE % for the quarter that ended in Dec. 2023 is calculated as

ROE %=Net Income (Q: Dec. 2023 )/( (Total Stockholders Equity (Q: Sep. 2023 )+Total Stockholders Equity (Q: Dec. 2023 ))/ count )
=164.736/( (2264.327+2231.253)/ 2 )
=164.736/2247.79
=7.33 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Dec. 2023) net income data. ROE % is displayed in the 30-year financial page.


Safehold  (NYSE:SAFE) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=164.736/2247.79
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(164.736 / 412.108)*(412.108 / 6495.7525)*(6495.7525 / 2247.79)
=Net Margin %*Asset Turnover*Equity Multiplier
=39.97 %*0.0634*2.8898
=ROA %*Equity Multiplier
=2.53 %*2.8898
=7.33 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=164.736/2247.79
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (164.736 / 170.372) * (170.372 / 329.184) * (329.184 / 412.108) * (412.108 / 6495.7525) * (6495.7525 / 2247.79)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.9669 * 0.5176 * 79.88 % * 0.0634 * 2.8898
=7.33 %

Note: The net income data used here is four times the quarterly (Dec. 2023) net income data. The Revenue data used here is four times the quarterly (Dec. 2023) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


Safehold ROE % Related Terms

Thank you for viewing the detailed overview of Safehold's ROE % provided by GuruFocus.com. Please click on the following links to see related term pages.


Safehold (Safehold) Business Description

Traded in Other Exchanges
N/A
Address
1114 Avenue of the Americas, 39th Floor, New York, NY, USA, 10036
Safehold Inc is a REIT that operates its business by acquiring, managing and capitalizing ground leases. Ground leases are long-term contracts between the landlord (the Company) and a tenant or leaseholder. Ground leases generally represent ownership of the land underlying commercial real estate projects that is net leased by the fee owner of the land to the owners/operators of the real estate projects built thereon.
Executives
Istar Inc. 10 percent owner 1114 AVENUE OF THE AMERICAS, 39TH FLOOR, NEW YORK NY 10036
Brett Asnas officer: Chief Financial Officer C/O ISTAR, 1114 AVENUE OF THE AMERICAS, FL. 39, NEW YORK NY 10036
Jesse Hom director 168 ROBINSON ROAD, #37-01, CAPITAL TOWER, SINGAPORE U0 068912
Dean S Adler director, 10 percent owner BELGRAVIA 8TH FL, 1811 CHESTNUT ST, PHILADELPHIA PA 19103
Garett Rosenblum officer: Chief Accounting Officer C/O ISTAR, 1114 AVENUE OF THE AMERICAS, FL. 39, NEW YORK NY 10036
Jeremy Fox-geen officer: Chief Financial Officer C/O ISTAR, 1114 AVENUE OF THE AMERICAS, FL 39, NEW YORK NY 10036
Jay Sugarman director, officer: Chairman and CEO 24301 WALDEN CENTER DR, BONITA SPRINGS FL 34134
Marcos Alvarado officer: Chief Investment Officer 591 WEST PUTNAM AVENUE, GREENWICH CT 06830
Jay S Nydick director 1114 AVENUE OF THE AMERICAS, 27TH FLR, NEW YORK NY 10036
Nina Matis officer: Chief Legal Officer & CIO 1114 AVENUE OF THE AMERICAS, 12TH FL, NEW YORK NY 10036
Andrew C Richardson officer: Interim CFO 527 MADISON AVENUE, 16TH FLOOR, NEW YORK NY 10022
Geoffrey G Jervis officer: COO and CFO C/O CAPITAL TRUST, INC., 410 PARK AVENUE, 14TH FLOOR, NEW YORK NY 10022
Stefan M Selig director 2 EAST 70TH STREET, NEW YORK NY 10021
Robin Josephs director
Sfty Venture Llc 10 percent owner C/O GIC REAL ESTATE, INC., 280 PARK AVENUE, 9TH FLOOR, NEW YORK NY 10017

Safehold (Safehold) Headlines