Safehold (SAFE) FCF Payout Ratio (2016 - 2026)
Safehold (SAFE) posted quarterly FCF Payout Ratio of 0.37 for Q2 2026, down 20.02% year-over-year from 0.46 in Q2 2025, and up 124.55% on a QoQ basis from 1.49 in Q1 2026.
Safehold (SAFE) FCF Payout Ratio (2016 - 2026) Analysis & Trends
Safehold has reported FCF Payout Ratio for 11 years, with the latest figure at 0.37 in Q2 2026.
- FCF Payout Ratio for Q2 2026 came in at 0.37, down 20.02% year-over-year; the trailing twelve-month figure through Jun 2026 was 1.38 (up 43.54% YoY), and the FY2025 annual result was 1.07, down 20.31% from the prior year.
- FCF Payout Ratio improved to 0.37 in Q2 2026, from 1.49 in the prior quarter.
- Over five years, FCF Payout Ratio peaked at 7.08 in Q3 2023 and troughed at 9.09 in Q3 2025.
- A 5-year average of 0.22 and a median of 0.51 in 2022 frame the typical range for FCF Payout Ratio.
- The widest annual swing landed in 2022, when FCF Payout Ratio soared 816.68%; it then slumped 962.48% in 2023.
- A 5-year view of FCF Payout Ratio shows it stood at 0.67 in 2022, then declined by 9.17% to 0.61 in 2023, then jumped by 163.66% to 1.61 in 2024, then tumbled by 35.53% to 1.04 in 2025, then slumped by 64.86% to 0.37 in 2026.
- Per Business Quant data, the three most recent FCF Payout Ratio figures were 0.37 in Q2 2026, 1.49 in Q1 2026, and 1.04 in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Vici Properties | 28.99 Bn | 28.55 Bn | 1.05 Bn | -1.60 |
| 2 | W. P. Carey | 16.11 Bn | 16.11 Bn | 441.59 Mn | 0.84 |
| 3 | Broadstone Net Lease | 4.02 Bn | 4.01 Bn | - | 1.83 |
| 4 | Global Net Lease | 1.92 Bn | 1.77 Bn | - | 0.62 |
| 5 | American Assets Trust | 1.38 Bn | 1.38 Bn | - | - |
| 6 | Safehold | 1.09 Bn | -2.60 Bn | 113.88 Mn | 0.37 |
| 7 | Cim | 1.05 Bn | 2.41 Bn | - | 1.12 |
| 8 | Empire State Realty Trust | 826.97 Mn | 826.97 Mn | - | -0.94 |
| 9 | CTO Realty Growth | 763.10 Mn | 763.10 Mn | 32.71 Mn | 1.28 |
| 10 | JBG SMITH Properties | 734.38 Mn | 734.38 Mn | - | 15.39 |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 0.37 |
| Mar 31, 2026 | -1.48 |
| Dec 31, 2025 | 1.05 |
| Sep 30, 2025 | -9.09 |
| Jun 30, 2025 | 0.46 |
| Mar 31, 2025 | 1.44 |
| Dec 31, 2024 | 1.64 |
| Sep 30, 2024 | 1.54 |
| Jun 30, 2024 | 0.51 |
| Mar 31, 2024 | -4.10 |
| Dec 31, 2023 | 0.61 |
| Sep 30, 2023 | 7.08 |
| Jun 30, 2023 | -4.32 |
| Mar 31, 2023 | -1.63 |
| Dec 31, 2022 | 0.67 |
| Sep 30, 2022 | 2.10 |
| Jun 30, 2022 | 0.50 |
| Mar 31, 2022 | 0.00 |
| Dec 31, 2021 | 0.87 |
| Sep 30, 2021 | -0.18 |