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SafeholdSAFE -0.41%84 Debt-to-Equity is 1.90 as of Mar. 2026, which is 28% above its 10-year median of 1.49. GuruFocus rates SAFE with a GF Score™ of 84/100 and a GF Value™ of $20.68 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 689 REITs companies, Safehold ranks worse than 88.24% on this metric.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for Safehold's Debt-to-Equity or its related term are showing as below:
SAFE'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.63 Med: 1.49 Max: 1.9
Current: 1.9
During the past 11 years, the highest Debt-to-Equity Ratio of Safehold was 1.90. The lowest was 0.63. And the median was 1.49.
SAFE's Debt-to-Equity is ranked worse than 88.24% of 689
companies
in the REITs industry
Industry Median: 0.78
vs SAFE: 1.90
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
Safehold Debt-to-Equity Related Terms
Safehold Debt-to-Equity Historical Data
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The historical data trend for Safehold's Debt-to-Equity 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.
SAFE vs ESRT, JBGS, AAT: Debt-to-Equity Comparison
For the REIT - Diversified subindustry, Safehold's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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 Debt-to-Equity vs REITs Industry
For the REITs industry and Real Estate sector, Safehold's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Safehold's Debt-to-Equity falls into.
* 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.
Safehold (SAFE) has a Debt-to-Equity of 1.90 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Safehold and its competitors. This is 28% above median its historical median of 1.49. Over the past decade, Safehold's Debt-to-Equity has ranged from 0.63 to 1.90. According to the industry distribution chart, Safehold ranks #608 out of 689 companies in the REITs industry, placing it in the top 88.2%.
Is Safehold's Debt-to-Equity too high?
Safehold's current Debt-to-Equity of 1.90 is 28% above median its 10-year median of 1.49. Over the past 10 years, this metric has ranged from a low of 0.63 to a high of 1.90. The REITs industry median Debt-to-Equity is 0.78. Safehold's value of 1.90 is 143.6% above this industry median. Based on the distribution chart, Safehold ranks #608 out of 689 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Safehold has a GF Score™ of 84/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Safehold's Debt-to-Equity compare to ESRT and JBGS?
According to the REITs industry distribution chart, Safehold ranks #608 out of 689 companies for Debt-to-Equity. This places Safehold in the lower half of its industry. The industry median Debt-to-Equity is 0.78. Safehold's value of 1.90 is 143.6% above this benchmark. Historically, Safehold's own Debt-to-Equity has ranged from 0.63 to 1.90 over the past decade. While the company's 10-year median is 1.49 vs. the industry median of 0.78, Safehold has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a REITs company?
The median Debt-to-Equity among REITs companies is 0.78, based on 689 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Safehold's current Debt-to-Equity of 1.90 is 143.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Safehold and its competitors. For the REITs industry, the median Debt-to-Equity is 0.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Safehold's current Debt-to-Equity is 1.90, which is 28% above median its own 10-year median of 1.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Safehold stock overvalued right now?
Based on GuruFocus' analysis, Safehold (SAFE) is currently considered Modestly Undervalued. The stock's GF Value™ is $20.68, compared to a current price of $17.10 — trading 17.3% below its estimated fair value. The current Debt-to-Equity is 1.90, which is 28% above median its 10-year median of 1.49 and 143.6% above the REITs industry median of 0.78. Safehold's overall GF Score™ is 84/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Safehold (SAFE), the current Debt-to-Equity is 1.90 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Safehold (SAFE) Overvalued in 2026?
Based on GuruFocus' analysis, Safehold stock appears to be undervalued.
The current stock price of $17.10 is trading 17.3% below its estimated GF Value™ of $20.68.
GuruFocus considers Safehold to be Modestly Undervalued.
Key valuation signals for SAFE:
Debt-to-Equity: 1.90 (28% above median its 10-year median of 1.49)
GF Value™: $20.68 vs. price of $17.10 (17.3% below fair value)
Industry Position: 143.6% above the REITs median (#608 of 689)
No single metric tells the full story. See the SAFE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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 are net leased by the fee owner of the land to the owners/operators of the real estate projects built thereon.
84GF Score
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