SAFE Safehold Inc. New Common Stock
$15.03
Price · Aug 18, 2026
Fundamentals as of Jul 31, 2026
52W Range
$13–$17
48% of range
Analyst Rating
BUY
17 analysts
Price Target
$19
+25% upside
P/E (TTM)
9.5
ROE
4.8%
Net Profit Margin
29.7%
SAFE Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$15.03
Market Cap
$1.08B
P/E (TTM)
9.5
EPS (TTM)
$1.59
Revenue (TTM)
$386M
Div Yield
4.7%
ROE
4.8%
Debt/Equity
—
52W Range
$13 – $17
SAFE Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
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10-Year Performance Revenue, net income, margins and EPS trends
Revenue & Net Income
$386M
2017-12-31
→
2025-12-31
EPS
$1.59
2017-12-31
→
2025-12-31
Free Cash Flow
—
Margins
29.7%
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
SAFE
Peer Median
P/E (TTM)
9.5
17.8
P/S (TTM)
2.8
5.9
P/B
0.4
1.2
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
SAFE
Peer Median
Operating Margin
26.2%
—
Net Profit Margin
29.7%
33.0%
ROA
1.6%
2.8%
ROE
4.8%
7.0%
ROIC
4.1%
—
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
SAFE
Peer Median
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
SAFE
Peer Median
Revenue YoY
5.4%
—
Revenue CAGR 3Y
12.6%
—
Revenue CAGR 5Y
3.5%
—
EPS YoY
7.4%
—
Net Income YoY
8.2%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
SAFE
Peer Median
Payout Ratio
44.5%
—
Dividends Yield, payout ratio, dividend history, 5Y CAGR
Dividend Yield
4.7%
Payout Ratio
44.5%
5Y Div CAGR
—
| Ex-date | Amount |
|---|---|
| June 30, 2026 | $0.1770 |
| March 31, 2026 | $0.1770 |
| Dec. 30, 2025 | $0.1770 |
| Sept. 30, 2025 | $0.1770 |
| June 30, 2025 | $0.1770 |
| March 31, 2025 | $0.1770 |
| Dec. 30, 2024 | $0.1770 |
| Sept. 30, 2024 | $0.1770 |
| June 28, 2024 | $0.1770 |
| March 27, 2024 | $0.1770 |
| Dec. 28, 2023 | $0.1770 |
| Sept. 28, 2023 | $0.1770 |
| June 29, 2023 | $0.1770 |
| March 29, 2023 | $1.1063 |
| Aug. 31, 2022 | $0.7813 |
| May 31, 2022 | $0.7813 |
| Feb. 28, 2022 | $0.7813 |
| Nov. 30, 2021 | $0.7813 |
| Aug. 31, 2021 | $0.7813 |
| May 28, 2021 | $0.7813 |
SAFE Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
BUY
17 analysts
- Strong Buy 4 23.5%
- Buy 6 35.3%
- Hold 6 35.3%
- Sell 1 5.9%
- Strong Sell 0 0.0%
12-Month Price Target
11 analysts · 2026-08-16
Median
$17.00
Mean
$18.82
Now
$15.03
Low
$13.00
High
$28.00
Median target
$17.00
+13.1%
Mean target
$18.82
+25.2%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
-0.01%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $0.42 | $0.42 | -0.00% |
| March 31, 2026 | $0.40 | $0.44 | -0.04% |
| Dec. 31, 2025 | $0.42 | $0.43 | -0.01% |
| Sept. 30, 2025 | $0.41 | $0.40 | 0.01% |
| June 30, 2025 | $0.39 | $0.41 | -0.02% |
| March 31, 2025 | $0.44 | $0.43 | 0.01% |
| June 30, 2000 | $0.66 | $0.67 | -0.01% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| SAFE | $982M | 8.6 | 5.4% | 29.7% | 4.8% | — |
| GLPI | $12.65B | 15.1 | 4.1% | 51.7% | 18.6% | — |
| OUT | $4.22B | 29.4 | 0.04% | 8.0% | 23.5% | — |
| MRP | — | 12.2 | — | 63.3% | 6.5% | — |
| EPR | — | 15.2 | 2.9% | 38.3% | 11.8% | — |
| FCPT | $2.49B | 21.2 | 9.7% | 38.2% | 7.2% | — |
| FPI | $418M | 15.9 | -10.4% | 60.5% | 6.7% | — |
| LAND | $348M | -31.6 | 3.7% | 15.3% | 2.0% | — |
| IRM | $24.54B | 169.3 | 12.2% | 2.2% | -20.5% | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 15
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $386M | $366M | $353M | $270M | $187M | $324M | $274M | $798M | $679M | $455M | $496M | $462M | |
| Cost of Revenue | $5M | $4M | $5M | $3M | $3M | · | · | · | · | · | · | · | |
| SG&A Expense | $54M | $55M | $69M | $39M | $29M | $101M | $99M | $92M | $99M | $84M | $81M | $88M | |
| Operating Expenses | $285M | $279M | $430M | $190M | $122M | $474M | $456M | $994M | $719M | $564M | $635M | $602M | |
| Operating Income | $101M | $87M | $-77M | $136M | $65M | · | · | · | · | · | · | · | |
| Interest Expense | · | · | $181M | $129M | $80M | $127M | $142M | $184M | $195M | $221M | $225M | $224M | |
| Interest Income | $11M | $9M | $7M | · | · | · | · | · | · | · | · | · | |
| Pretax Income | $118M | $110M | $-53M | $145M | $73M | $-116M | $-155M | $-18M | $51M | $72M | $-107M | $-70M | |
| Income Tax | $3M | $3M | $2M | $567.0K | $-118.0K | $89.0K | $369.0K | $815.0K | $-948.0K | $-10M | $8M | $4M | |
| Net Income | $114M | $106M | $-55M | $135M | $73M | $-42M | $324M | $-32M | $176M | $95M | $-2M | $16M | |
| EPS (Basic) | $1.60 | $1.48 | $-0.82 | $2.17 | $1.32 | $-0.87 | $4.51 | $-0.95 | $1.56 | $0.60 | $-0.62 | $-0.40 | |
| EPS (Diluted) | $1.59 | $1.48 | $-0.82 | $2.17 | $1.32 | $-0.87 | $4.51 | $-0.95 | $1.56 | $0.60 | $-0.62 | $-0.40 | |
| Shares (Basic) | 71,694,000 | 71,370,000 | 66,690,000 | 62,393,000 | 55,250,000 | 75,684,000 | 64,696,000 | 67,958,000 | 71,021,000 | 73,453,000 | 84,987,000 | 85,031,000 | |
| Shares (Diluted) | 71,786,000 | 71,451,000 | 66,690,000 | 62,394,000 | 55,263,000 | 75,684,000 | 64,696,000 | 67,958,000 | 71,021,000 | 73,835,000 | 84,987,000 | 85,031,000 | |
| EBITDA | $101M | $87M | $-77M | · | · | $58M | $58M | $59M | $50M | $54M | · | · |
Balance Sheet 14
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $22M | $8M | $19M | $20M | $30M | $99M | $307M | $932M | $658M | $329M | $711M | $472M | |
| PP&E (Net) | $461.0K | $647.0K | $979.0K | · | · | · | · | · | · | · | · | · | |
| Intangibles | $204M | $209M | $211M | $218M | $1M | $2M | $175M | $156M | $27M | $31M | $71M | $50M | |
| Total Assets | $7.25B | $6.90B | $6.55B | $5.85B | $4.84B | $4.86B | $5.09B | $5.01B | $4.73B | $4.83B | $5.60B | $5.46B | |
| Total Liabilities | $4.81B | $4.53B | $4.25B | $3.69B | $3.78B | $3.80B | $3.85B | $3.95B | $3.82B | $3.76B | $4.49B | $4.20B | |
| Long-term Debt | $4.59B | $4.32B | $4.05B | $3.52B | $2.57B | $2.57B | $3.39B | $3.61B | $3.48B | $3.39B | $4.12B | $4.02B | |
| Common Stock | $717.0K | $714.0K | $711.0K | $624.0K | $69.0K | $74.0K | $78.0K | $68.0K | $68.0K | $72.0K | $81.0K | $85.0K | |
| Paid-in Capital | $2.20B | $2.19B | $2.18B | $1.99B | $3.10B | $3.24B | $3.28B | $3.35B | $3.35B | $3.60B | $3.69B | $3.74B | |
| Retained Earnings | $166M | $102M | $48M | $151M | $-2.23B | $-2.32B | $-2.21B | $-2.47B | $-2.47B | $-2.58B | $-2.63B | $-2.56B | |
| Treasury Stock | · | · | · | · | · | · | · | · | · | · | · | $263M | |
| AOCI | $43M | $49M | $-1M | $3M | $-22M | $-53M | $-39M | $-17M | $-2M | $-4M | $-5M | $-971.0K | |
| Stockholders' Equity | $2.41B | $2.34B | $2.23B | $2.14B | $851M | $871M | $1.04B | $863M | $880M | $1.02B | $1.06B | $1.20B | |
| Liabilities + Equity | $7.25B | $6.90B | $6.55B | $5.85B | $4.84B | $4.86B | $5.09B | $5.01B | $4.73B | $4.83B | $5.60B | $5.46B | |
| Shares Outstanding | 71,756,000 | 71,440,000 | 71,077,000 | 62,397,000 | 68,870,000 | 73,967,000 | 77,810,000 | 68,085,000 | 68,236,000 | 72,042,000 | 81,109,000 | 85,191,000 |
Cash Flow 14
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $9M | $10M | $10M | $5M | $59M | $58M | $58M | $59M | $50M | $54M | $65M | $74M | |
| Stock-based Comp | $13M | $14M | $23M | $2M | $2M | $39M | $30M | $18M | $19M | $11M | $12M | $13M | |
| Amort. of Intangibles | · | · | · | $100.0K | $1M | $200.0K | $200.0K | $7M | $2M | $2M | $4M | $7M | |
| Other Non-cash | · | · | · | · | · | $-33M | $-458M | $-68M | $-164M | $-141M | · | · | |
| Operating Cash Flow | $48M | $38M | $15M | $65M | $27M | $22M | $-46M | $-24M | $102M | $29M | $-58M | $-10M | |
| Investing Cash Flow | $-237M | $-212M | $-577M | $-1.15B | $-1.29B | $31M | $-398M | $779M | $263M | $465M | $184M | $160M | |
| Debt Issued | $2.01B | $2.27B | $577M | $1.83B | $1.85B | · | · | · | · | · | · | · | |
| Net Debt Issued | $2.01B | $2.27B | $577M | · | · | · | · | · | · | · | · | · | |
| Stock Issued | $0 | $0 | $152M | $309M | $243M | · | · | · | · | · | · | · | |
| Stock Repurchased | · | · | · | · | $123M | $55M | $68M | $8M | $46M | $99M | $70M | $0 | |
| Net Stock Activity | $0 | $0 | $152M | · | · | $-55M | $-68M | $-8M | $-46M | $-99M | · | · | |
| Dividends Paid | $51M | $51M | $46M | $42M | $36M | $33M | $25M | $12M | $0 | $0 | · | · | |
| Financing Cash Flow | $203M | $145M | $560M | $1.09B | $1.20B | $-255M | $-179M | $-458M | $-41M | $-878M | $113M | $-191M | |
| Net Change in Cash | $14M | $-30M | $-2M | $10M | $-58M | $-202M | $-622M | $297M | $323M | $-383M | $239M | $-42M |
Profitability 7
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 26.2% | 23.8% | -21.9% | · | · | · | · | · | · | · | · | · | |
| Net Margin | 29.7% | 28.9% | -15.6% | · | · | -8.0% | 67.6% | -4.0% | 25.9% | 20.0% | · | · | |
| Pretax Margin | 30.5% | 30.1% | -15.0% | · | · | -5.8% | 69.8% | -2.2% | -6.1% | -3.2% | · | · | |
| EBITDA Margin | 26.2% | 23.8% | -21.9% | · | · | 10.9% | 12.2% | 7.3% | 7.3% | 11.4% | · | · | |
| ROA | 1.6% | 1.6% | -0.89% | · | · | -0.85% | 6.4% | -0.66% | 3.7% | 1.8% | · | · | |
| ROE | 4.8% | 4.6% | -2.5% | · | · | -4.4% | 34.1% | -3.7% | 18.5% | 9.2% | · | · | |
| ROIC | 4.1% | 3.6% | -3.6% | · | · | · | · | · | · | · | · | · |
Liquidity & Solvency 1
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest Coverage | · | · | -0.4 | · | · | · | · | · | · | · | · | · |
Efficiency 1
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.1 | 0.1 | 0.1 | · | · | 0.1 | 0.1 | 0.2 | 0.1 | 0.1 | · | · |
Growth Rates 8
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 5.4% | 3.7% | 30.4% | 44.5% | -42.3% | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | 12.6% | 25.1% | 2.9% | · | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 3.5% | · | · | · | · | · | · | · | · | · | · | · | |
| EPS YoY | 7.4% | · | · | 64.4% | · | · | · | · | · | · | · | · | |
| EPS CAGR 3Y | -9.8% | 3.9% | · | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | 8.2% | · | · | 85.2% | · | · | · | · | · | · | · | · | |
| Net Income CAGR 3Y | -5.5% | 13.1% | · | · | · | · | · | · | · | · | · | · | |
| Dividend CAGR 5Y | 9.3% | · | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM) 12
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $386M | $366M | $353M | $270M | $187M | $324M | $274M | $798M | $679M | $455M | $496M | $462M | |
| Net Income TTM | $114M | $106M | $-55M | $135M | $73M | $-42M | $324M | $-32M | $176M | $95M | $-2M | $16M | |
| Market Cap | $982M | $1.32B | $1.66B | · | · | $5.35B | $5.50B | $3.04B | $3.75B | $4.34B | · | · | |
| P/E | 8.6 | 12.5 | -28.5 | 22.0 | 95.3 | -83.1 | 15.7 | -47.0 | 35.3 | 100.4 | -92.1 | -166.1 | |
| P/S | 2.5 | 3.6 | 4.7 | · | · | 16.5 | 20.1 | 3.8 | 5.5 | 9.5 | · | · | |
| P/B | 0.4 | 0.6 | 0.7 | · | · | 6.1 | 5.3 | 3.5 | 4.3 | 4.3 | · | · | |
| P / Tangible Book | 0.4 | 0.6 | 0.8 | 2.1 | 10.2 | 6.2 | · | · | · | · | · | · | |
| P / Cash Flow | 20.5 | 34.9 | 108.0 | · | · | 244.3 | -120.5 | -126.0 | 46.8 | 216.8 | · | · | |
| Dividend Yield | 5.2% | 3.8% | 2.8% | · | · | 0.61% | 0.46% | 0.40% | 0.00% | 0.00% | · | · | |
| Earnings Yield | 11.6% | 8.0% | -3.5% | 4.5% | 1.1% | -1.2% | 6.4% | -2.1% | 2.8% | 1.0% | -1.1% | -0.60% | |
| Payout Ratio | 44.5% | 47.8% | -83.8% | · | · | -77.0% | 7.7% | -37.9% | · | · | · | · | |
| Annual Payout | $51M | $51M | $46M | $42M | $36M | $33M | $25M | $12M | $0 | $0 | · | · |
Income Statement 15
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $115M | $111M | $98M | $96M | $94M | $98M | $92M | $91M | $90M | $93M | $103M | $86M | $86M | $78M | $73M | $72M | |
| Cost of Revenue | $770.0K | $1M | $1M | $1M | $881.0K | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $838.0K | $866.0K | |
| SG&A Expense | $14M | $15M | $14M | $13M | $13M | $14M | $14M | $13M | $12M | $16M | $17M | $18M | $19M | $15M | $9M | $10M | |
| Operating Expenses | $86M | $85M | $71M | $71M | $70M | $72M | $69M | $75M | $66M | $69M | $69M | $216M | $70M | $76M | $54M | $54M | |
| Operating Income | $28M | $26M | $27M | $25M | $24M | $25M | $23M | $16M | $24M | $25M | $35M | $-130M | $16M | $2M | $19M | $73M | |
| Interest Expense | · | · | · | · | · | · | · | $50M | $49M | $49M | · | $47M | $46M | $41M | · | $35M | |
| Interest Income | $3M | $3M | $3M | $3M | $3M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | · | · | · | |
| Pretax Income | $32M | $30M | $29M | $30M | $29M | $30M | $27M | $21M | $30M | $32M | $43M | $-123M | $23M | $5M | $48M | $75M | |
| Income Tax | $1M | $685.0K | $973.0K | $215.0K | $862.0K | $883.0K | $1M | $660.0K | $910.0K | $471.0K | $1M | $55.0K | $525.0K | · | · | $564.0K | |
| Net Income | $30M | $29M | $28M | $29M | $28M | $29M | $26M | $19M | $30M | $31M | $41M | $-123M | $22M | $5M | $22M | $66M | |
| EPS (Basic) | $0.42 | $0.40 | $0.39 | $0.41 | $0.39 | $0.41 | $0.36 | $0.27 | $0.42 | $0.43 | $0.57 | $-1.81 | $0.35 | $0.07 | $0.35 | $1.04 | |
| EPS (Diluted) | $0.42 | $0.40 | $0.38 | $0.41 | $0.39 | $0.41 | $0.36 | $0.27 | $0.42 | $0.43 | $0.57 | $-1.81 | $0.35 | $0.07 | $0.35 | $1.04 | |
| Shares (Basic) | 71,457,000 | 71,811,000 | -143,323,000 | 71,756,000 | 71,740,000 | 71,521,000 | -142,671,000 | 71,436,000 | 71,435,000 | 71,170,000 | -128,905,000 | 67,979,000 | 63,944,000 | 63,672,000 | -123,536,000 | 63,393,000 | |
| Shares (Diluted) | 71,581,000 | 71,975,000 | -143,493,000 | 71,843,000 | 71,801,000 | 71,635,000 | -142,791,000 | 71,540,000 | 71,462,000 | 71,240,000 | -128,905,000 | 67,979,000 | 63,944,000 | 63,672,000 | -123,536,000 | 63,393,000 | |
| EBITDA | $28M | $26M | · | $25M | $24M | $25M | · | $16M | $24M | $25M | · | $-130M | $16M | $2M | · | · |
Balance Sheet 14
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $16M | $19M | $22M | $12M | $14M | $17M | $8M | $16M | $13M | $11M | $19M | $11M | $14M | $20M | $20M | $1.34B | |
| PP&E (Net) | $991.0K | $837.0K | $461.0K | $526.0K | $540.0K | $598.0K | $647.0K | $718.0K | $801.0K | $889.0K | · | $1M | $1M | $1M | · | · | |
| Goodwill | · | · | · | · | · | · | · | · | · | · | · | · | $150M | $156M | · | · | |
| Intangibles | $202M | $203M | $204M | $205M | $207M | $207M | $209M | $210M | $211M | $213M | · | $213M | $214M | $216M | · | $334.0K | |
| Total Assets | $7.52B | $7.38B | $7.25B | $7.15B | $7.06B | $6.93B | $6.90B | $6.81B | $6.77B | $6.67B | · | $6.44B | $6.42B | $6.29B | · | $3.52B | |
| Total Liabilities | $4.89B | $4.92B | $4.81B | $4.73B | $4.66B | $4.55B | $4.53B | $4.50B | $4.39B | $4.33B | · | $4.12B | $4.17B | $4.09B | · | $1.82B | |
| Long-term Debt | $4.65B | $4.70B | $4.59B | $4.51B | $4.44B | $4.34B | $4.32B | $4.30B | $4.19B | $4.14B | · | $3.94B | $3.98B | $3.90B | · | $1.68B | |
| Common Stock | $711.0K | $718.0K | $717.0K | $717.0K | $717.0K | $717.0K | $714.0K | $714.0K | $714.0K | $714.0K | · | $710.0K | $639.0K | $639.0K | · | $87.0K | |
| Paid-in Capital | $2.19B | $2.20B | $2.20B | $2.20B | $2.20B | $2.20B | $2.19B | $2.19B | $2.19B | $2.19B | · | $2.18B | $2.03B | $2.03B | · | $3.46B | |
| Retained Earnings | $199M | $182M | $166M | $151M | $134M | $119M | $102M | $89M | $83M | $66M | · | $19M | $155M | $144M | · | $-1.77B | |
| AOCI | $52M | $47M | $43M | $41M | $42M | $35M | $49M | $8M | $38M | $26M | · | $61M | $9M | $-24M | · | $-5M | |
| Stockholders' Equity | $2.44B | $2.43B | $2.41B | $2.39B | $2.37B | $2.35B | $2.34B | $2.29B | $2.31B | $2.28B | · | $2.26B | $2.20B | $2.15B | · | $1.68B | |
| Liabilities + Equity | $7.52B | $7.38B | $7.25B | $7.15B | $7.06B | $6.93B | $6.90B | $6.81B | $6.77B | $6.67B | · | $6.44B | $6.42B | $6.29B | · | $3.52B | |
| Shares Outstanding | 71,057,000 | 71,820,000 | 71,756,000 | 71,756,000 | 71,756,000 | 71,723,000 | 71,440,000 | 71,436,000 | 71,435,000 | 71,435,000 | · | 71,066,000 | 63,966,000 | 63,941,000 | · | 86,695,000 |
Cash Flow 12
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $3M | $3M | $2M | $2M | $1M | |
| Stock-based Comp | $3M | $4M | $3M | $3M | $3M | $3M | $4M | $3M | $2M | $5M | $3M | $7M | $8M | $5M | $28.0K | $32M | |
| Operating Cash Flow | $35M | $-9M | $12M | $-1M | $28M | $9M | $8M | $8M | $25M | $-3M | $23M | $2M | $-3M | $-7M | $13M | $25M | |
| Investing Cash Flow | $-123M | $-86M | $-57M | $-56M | $-117M | $-7M | $-21M | $-54M | $-62M | $-75M | $-127M | $-94M | $-86M | $-270M | $-98M | $-3.67B | |
| Debt Issued | $832M | $790M | $1.09B | $381M | $327M | $216M | $1.18B | $598M | $75M | $417M | $119M | $100M | $78M | $280M | $60M | $310M | |
| Net Debt Issued | · | $790M | · | · | · | $216M | · | · | · | $417M | · | · | · | $280M | · | · | |
| Stock Issued | · | · | · | · | · | · | · | · | · | · | $0 | · | · | · | $0 | $0 | |
| Stock Repurchased | $13M | $3M | · | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| Net Stock Activity | · | $-3M | · | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| Dividends Paid | $13M | $13M | $13M | $13M | $13M | $13M | $13M | $13M | $13M | $13M | $13M | $11M | $0 | $22M | $11M | $12M | |
| Financing Cash Flow | $86M | $91M | $54M | $56M | $86M | $7M | $6M | $48M | $20M | $70M | $111M | $89M | $83M | $277M | $40M | $2.69B | |
| Net Change in Cash | $-2M | $-3M | $9M | $-2M | $-3M | $9M | $-7M | $2M | $-17M | $-8M | $7M | $-3M | $-6M | $-101.0K | $-45M | $-957M |
Profitability 7
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 24.6% | 23.1% | · | 25.9% | 25.5% | 25.9% | · | 17.5% | 26.7% | 26.4% | · | -152.2% | 18.5% | 3.1% | · | · | |
| Net Margin | 26.3% | 26.0% | · | 30.4% | 29.8% | 30.1% | · | 21.3% | 33.0% | 33.0% | · | -143.7% | 25.8% | 6.0% | · | 37.7% | |
| Pretax Margin | 28.0% | 26.7% | · | 30.7% | 30.7% | 31.0% | · | 22.7% | 33.9% | 33.8% | · | -143.5% | 26.4% | · | · | 38.8% | |
| EBITDA Margin | 24.6% | 23.1% | · | 25.9% | 25.5% | 25.9% | · | 17.5% | 26.7% | 26.4% | · | -152.2% | 18.5% | 3.1% | · | · | |
| ROA | 0.41% | 0.40% | · | 0.42% | 0.40% | 0.43% | · | 0.29% | 0.45% | 0.47% | · | -2.5% | 0.44% | 0.09% | · | 0.43% | |
| ROE | 1.2% | 1.2% | · | 1.2% | 1.2% | 1.3% | · | 0.85% | 1.3% | 1.4% | · | -6.2% | 1.2% | 0.26% | · | 1.4% | |
| ROIC | 1.1% | 1.0% | · | 1.0% | 0.98% | 1.0% | · | 0.67% | 1.0% | 1.1% | · | -5.8% | 0.70% | · | · | · |
Liquidity & Solvency 1
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest Coverage | · | · | · | · | · | · | · | 0.3 | 0.5 | 0.5 | · | -2.8 | 0.3 | 0.1 | · | · |
Efficiency 1
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 |
Valuation (TTM) 10
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $416M | $399M | · | $378M | $372M | $371M | · | $359M | $354M | $343M | · | $280M | $266M | $245M | · | $248M | |
| Net Income TTM | $116M | $115M | · | $106M | $106M | $109M | · | $-43M | $-40M | $-65M | · | $-30M | $116M | $118M | · | $241M | |
| Market Cap | $1.12B | $972M | · | $1.11B | $1.12B | $1.34B | · | $1.87B | $1.38B | $1.47B | · | $1.26B | $1.52B | $1.88B | · | $3.91B | |
| P/E | 9.7 | 8.4 | · | 10.5 | 10.4 | 12.2 | · | -38.0 | -31.6 | -21.5 | · | -7.4 | 51.6 | 62.5 | · | 23.4 | |
| P/S | 2.7 | 2.4 | · | 2.9 | 3.0 | 3.6 | · | 5.2 | 3.9 | 4.3 | · | 4.5 | 5.7 | 7.7 | · | 15.8 | |
| P/B | 0.5 | 0.4 | · | 0.5 | 0.5 | 0.6 | · | 0.8 | 0.6 | 0.6 | · | 0.6 | 0.7 | 0.9 | · | 2.3 | |
| P / Tangible Book | 0.5 | 0.4 | · | 0.5 | 0.5 | 0.6 | · | 0.9 | 0.7 | 0.7 | · | 0.6 | 0.8 | 1.1 | · | 2.3 | |
| P / Cash Flow | · | -113.0 | · | · | · | 150.8 | · | · | · | -480.3 | · | · | · | -275.6 | · | · | |
| Earnings Yield | 10.3% | 11.9% | · | 9.6% | 9.6% | 8.2% | · | -2.6% | -3.2% | -4.7% | · | -13.4% | 1.9% | 1.6% | · | 4.3% | |
| Payout Ratio | · | 44.0% | · | · | · | 43.1% | · | · | · | 40.9% | · | · | · | 473.0% | · | · |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Revenue | $386M | $366M | $353M | $270M | $187M |
| Operating Margin % | 26.2% | 23.8% | -21.9% | — | — |
| Net Income | $114M | $106M | $-55M | $135M | $73M |
| Diluted EPS | $1.59 | $1.48 | $-0.82 | $2.17 | $1.32 |
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Institutional owners (13F) 228 filers · $456.6M total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 34 (+3 vs prior Q) | 26 (+6 vs prior Q) | 64 (-14 vs prior Q) | 67 (+4 vs prior Q) | +8.1M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| MSD CAPITAL, L.P. | $90,789,097 | 5,782,745 | 19.89% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $80,001,627 | 5,095,645 | 17.52% | Shares |
| STATE STREET CORP | $41,210,243 | 2,596,198 | 9.03% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $36,114,600 | 2,300,293 | 7.91% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $20,067,900 | 1,277,988 | 4.40% | Shares |
| AMERIPRISE FINANCIAL INC | $17,798,299 | 1,133,575 | 3.90% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $13,236,105 | 843,064 | 2.90% | Shares |
| NewEdge Wealth, LLC | $10,529,438 | 670,665 | 2.31% | Shares |
| BlackRock, Inc. | $10,361,545 | 659,971 | 2.27% | Shares |
| ALGERT GLOBAL LLC | $9,549,415 | 608,243 | 2.09% | Shares |
| GOLDMAN SACHS GROUP INC | $5,551,724 | 353,613 | 1.22% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $4,907,365 | 312,571 | 1.07% | Shares |
| DENALI ADVISORS LLC | $4,860,720 | 309,600 | 1.06% | Shares |
| State of New Jersey Common Pension Fund D | $4,748,920 | 302,479 | 1.04% | Shares |
| Michelson Medical Research Foundation, Inc. | $4,670,389 | 297,477 | 1.02% | Shares |
| PEREGRINE CAPITAL MANAGEMENT LLC | $4,567,428 | 290,919 | 1.00% | Shares |
| Bank of New York Mellon Corp | $4,266,255 | 271,736 | 0.93% | Shares |
| MSD Partners, L.P. | $3,495,511 | 222,644 | 0.77% | Shares |
| GABELLI FUNDS LLC | $3,311,114 | 210,899 | 0.73% | Shares |
| Quantinno Capital Management LP | $3,301,160 | 210,265 | 0.72% | Shares |
| Russell Investments Group, Ltd. | $3,058,312 | 194,797 | 0.67% | Shares |
| JUPITER ASSET MANAGEMENT LTD | $2,863,617 | 182,396 | 0.63% | Shares |
| Aristotle Capital Boston, LLC | $2,777,838 | 176,932 | 0.61% | Shares |
| TUDOR INVESTMENT CORP ET AL | $2,757,752 | 175,653 | 0.60% | Shares |
| Berkeley Capital Partners, LLC | $2,668,854 | 169,991 | 0.58% | Shares |
| Public Sector Pension Investment Board | $2,474,116 | 157,587 | 0.54% | Shares |
| Cubist Systematic Strategies, LLC | $2,473,487 | 159,683 | 0.54% | Shares |
| PRUDENTIAL FINANCIAL INC | $2,198,361 | 140,023 | 0.48% | Shares |
| RHUMBLINE ADVISERS | $2,106,531 | 134,175 | 0.46% | Shares |
| JPMORGAN CHASE & CO | $2,058,581 | 126,604 | 0.45% | Shares |
| TWO SIGMA INVESTMENTS, LP | $2,054,957 | 130,889 | 0.45% | Shares |
| EXCHANGE TRADED CONCEPTS, LLC | $1,738,963 | 110,762 | 0.38% | Shares |
| NEW YORK STATE COMMON RETIREMENT FUND | $1,647,213 | 104,918 | 0.36% | Shares |
| JANE STREET GROUP, LLC | $1,585,370 | 100,979 | 0.35% | Shares |
| Man Group plc | $1,539,605 | 98,064 | 0.34% | Shares |
| Swiss National Bank | $1,471,310 | 93,714 | 0.32% | Shares |
| CWA Asset Management Group, LLC | $1,420,451 | 90,475 | 0.31% | Shares |
| HSBC HOLDINGS PLC | $1,401,052 | 89,239 | 0.31% | Shares |
| BANK OF AMERICA CORP /DE/ | $1,244,491 | 79,267 | 0.27% | Shares |
| XTX Topco Ltd | $1,211,302 | 77,153 | 0.27% | Shares |
| NOMURA ASSET MANAGEMENT CO LTD | $1,153,950 | 73,500 | 0.25% | Shares |
| KENNEDY CAPITAL MANAGEMENT LLC | $1,139,192 | 72,560 | 0.25% | Shares |
| INFRASTRUCTURE CAPITAL ADVISORS, LLC | $1,138,376 | 72,508 | 0.25% | Shares |
| Legal & General Group Plc | $1,119,426 | 71,301 | 0.25% | Shares |
| Cerity Partners LLC | $1,099,518 | 70,033 | 0.24% | Shares |
| ALLIANCEBERNSTEIN L.P. | $1,066,205 | 78,803 | 0.23% | Shares |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO | $996,934 | 63,499 | 0.22% | Shares |
| UBS Group AG | $934,888 | 59,547 | 0.20% | Shares |
| CITADEL ADVISORS LLC | $874,490 | 55,700 | 0.19% | Put option |
| Sumitomo Mitsui Trust Group, Inc. | $828,944 | 52,799 | 0.18% | Shares |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS | $827,375 | 52,699 | 0.18% | Shares |
| Vanguard Investments Australia, Ltd. | $823,010 | 52,421 | 0.18% | Shares |
| ANGELES WEALTH MANAGEMENT, LLC | $813,728 | 51,252 | 0.18% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $812,020 | 51,721 | 0.18% | Shares |
| Asset Management One Co., Ltd. | $810,542 | 59,907 | 0.18% | Shares |
| STRS OHIO | $760,891 | 48,464 | 0.17% | Shares |
| DEUTSCHE BANK AG\ | $747,194 | 47,592 | 0.16% | Shares |
| Amundi | $744,494 | 47,420 | 0.16% | Shares |
| AlphaQuest LLC | $719,752 | 52,575 | 0.16% | Shares |
| Nebula Research & Development LLC | $676,144 | 43,454 | 0.15% | Shares |
| KLP KAPITALFORVALTNING AS | $664,894 | 41,948 | 0.15% | Shares |
| Squarepoint Ops LLC | $658,003 | 41,911 | 0.14% | Shares |
| FARMERS & MERCHANTS INVESTMENTS INC | $631,768 | 40,240 | 0.14% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $587,202 | 43,400 | 0.13% | Shares |
| Mitsubishi UFJ Asset Management Co., Ltd. | $583,443 | 37,162 | 0.13% | Shares |
| Jefferies Financial Group Inc. | $573,835 | 36,550 | 0.13% | Shares |
| ALLSTATE CORP | $569,832 | 36,295 | 0.12% | Shares |
| Graham Capital Management, L.P. | $559,564 | 35,641 | 0.12% | Shares |
| MetLife Investment Management, LLC | $542,137 | 34,531 | 0.12% | Shares |
| WOLVERINE TRADING, LLC | $532,588 | 34,228 | 0.12% | Shares |
| MORGAN STANLEY | $526,958 | 33,564 | 0.12% | Shares |
| RAYMOND JAMES FINANCIAL INC | $523,312 | 33,332 | 0.11% | Shares |
| CITIGROUP INC | $517,189 | 32,942 | 0.11% | Shares |
| Mariner, LLC | $462,921 | 29,483 | 0.10% | Shares |
| VANGUARD ASSET MANAGEMENT, Ltd | $448,235 | 28,550 | 0.10% | Shares |
| MACQUARIE GROUP LTD | $436,758 | 27,819 | 0.10% | Shares |
| Zurcher Kantonalbank (Zurich Cantonalbank) | $432,441 | 27,544 | 0.09% | Shares |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $411,246 | 26,194 | 0.09% | Shares |
| MERCER GLOBAL ADVISORS INC /ADV | $385,953 | 24,583 | 0.08% | Shares |
| FOX RUN MANAGEMENT, L.L.C. | $384,446 | 24,487 | 0.08% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $381,510 | 24,300 | 0.08% | Put option |
| Illinois Municipal Retirement Fund | $370,536 | 23,601 | 0.08% | Shares |
| FMR LLC | $365,480 | 23,279 | 0.08% | Shares |
| Aberdeen Group plc | $364,554 | 23,220 | 0.08% | Shares |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM | $355,605 | 22,650 | 0.08% | Shares |
| Invesco Ltd. | $354,051 | 22,551 | 0.08% | Shares |
| JANE STREET GROUP, LLC | $348,540 | 22,200 | 0.08% | Put option |
| IEQ CAPITAL, LLC | $344,664 | 21,953 | 0.08% | Shares |
| Resona Asset Management Co.,Ltd. | $333,322 | 20,551 | 0.07% | Shares |
| Vanguard Personalized Indexing Management, LLC | $320,327 | 20,403 | 0.07% | Shares |
| Louisiana State Employees Retirement System | $315,570 | 20,100 | 0.07% | Shares |
| Wealthspire Advisors, LLC | $307,469 | 19,584 | 0.07% | Shares |
| Sterling Capital Management LLC | $306,276 | 19,508 | 0.07% | Shares |
| STATE OF WISCONSIN INVESTMENT BOARD | $291,800 | 18,586 | 0.06% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $287,310 | 18,300 | 0.06% | Call option |
| Daiwa Securities Group Inc. | $276,399 | 17,605 | 0.06% | Shares |
| JANUS HENDERSON GROUP PLC | $269,026 | 19,891 | 0.06% | Shares |
| Vanguard Global Advisers, LLC | $262,771 | 16,737 | 0.06% | Shares |
| VANGUARD GROUP INC | $262,547 | 19,178 | 0.06% | Shares |
| State of Tennessee, Department of Treasury | $256,303 | 16,325 | 0.06% | Shares |
Company insiders 29 insiders · 11 officers · 15 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Jay Sugarman | CHAIRMAN AND CEO | March 31, 2026 F | 1,830,283 | 0 | 0 | $0 |
| Brett Asnas | Chief Financial Officer | June 2, 2022 F | 32,487 | 0 | 0 | $0 |
| Jeremy Fox-Geen | Chief Financial Officer | Feb. 26, 2021 A | 32,062 | 0 | 0 | $0 |
| Geoffrey G Jervis | COO and CFO | Feb. 28, 2018 F | 31,173 | 0 | 0 | $0 |
| David Michael Distaso | CHIEF FINANCIAL OFFICER | Feb. 1, 2016 F | 93,994 | 0 | 0 | $0 |
| James D Burns | Chief Financial Officer | Feb. 17, 2010 P | 242,663 | 0 | 0 | $0 |
| Marcos Alvarado | President & CIO | Feb. 28, 2022 A | 98,330 | 0 | 0 | $0 |
| Christopher Michael Uhlick | Chief Accounting Officer | May 29, 2026 A | 12,483 | 0 | 0 | $0 |
| Garett Rosenblum | Chief Accounting Officer | June 2, 2022 F | 34,966 | 0 | 0 | $0 |
| Nina Matis | Vice Chmn/Chief Legal Officer | Jan. 1, 2019 F | 317,337 | 0 | 0 | $0 |
| Collin Lee Cochrane | Chief Accounting Officer | Feb. 15, 2013 A | 13,750 | 0 | 0 | $0 |
| Robin Josephs | Director | July 15, 2026 A | 98,568 | 0 | 0 | $0 |
| Barry W Ridings | Director | July 15, 2026 A | 61,725 | 0 | 0 | $0 |
| David Eisenberg | Director | May 12, 2022 A | 32,181 | 0 | 0 | $0 |
| Clifford Desouza | Director | May 12, 2022 A | 84,307 | 0 | 0 | $0 |
| Richard J Lieb | Director | May 12, 2022 A | 41,637 | 0 | 0 | $0 |
| Anita M Sands | Director | May 21, 2020 A | 16,910 | 0 | 0 | $0 |
| Robert W Holman JR | Director | May 16, 2019 A | 84,448 | 0 | 0 | $0 |
| Dale Anne Reiss | Director | Aug. 31, 2018 P | 2,500 | 0 | 0 | $0 |
| John G Mcdonald | Director | May 18, 2016 A | 12,000 | 0 | 0 | $0 |
| George R Puskar | Director | May 31, 2012 A | 25,800 | 0 | 0 | $0 |
| Glenn R August | Director | June 1, 2011 A | 1,012,739 | 0 | 0 | $0 |
| Jeffrey A Weber | Director | May 26, 2010 A | 70,446 | 0 | 0 | $0 |
| Willis Andersen JR | Director | Oct. 31, 2005 P | 8,112 | 0 | 0 | $0 |
| Matthew J Lustig | Director | April 8, 2004 C | 546,131 | 0 | 0 | $0 |
| ISTAR INC. | 10% owner | April 26, 2022 J | 40,145,950 | 0 | 0 | $0 |
| Jay S Nydick | — | May 14, 2026 A | 47,336 | 0 | 0 | $0 |
| Andrew C Richardson | — | March 30, 2019 F | 26,882 | 0 | 0 | $0 |
| Catherine Rice | — | Jan. 15, 2009 F | 211,202 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
Activists & 5%+ owners 12 positions
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| GIC PRIVATE LIMITED, GIC Real Estate Private Limited, GIC Real Estate, Inc., SFTY Venture LLC | April 11, 2023 | — | Initial filing | — | SEC |
| Star Holdings | April 10, 2023 | — | Initial filing | — | SEC |
| Safehold Inc. (f/k/a iStar Inc.) | April 4, 2023 | — | Initial filing | M&A / sale | SEC |
| iStar Inc. ×26 filings | Dec. 8, 2022 | — | Initial filing | — | SEC |
| Lazard Freres Real Estate Fund II L.P., Lazard Freres Real Estate Offshore Fund II L.P., LF Offshore Investment L.P., Lazard Freres Real Estate Investors L.L.C., LF Real Estate Investors Company, Lazard Freres & Co. LLC, Eurazeo (successor by merger) | April 22, 2004 | — | Initial filing | — | SEC |
| Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person | May 19, 2003 | — | Initial filing | — | SEC |
| Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person | Nov. 21, 2002 | — | Initial filing | — | SEC |
| Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person | June 18, 2002 | — | Initial filing | — | SEC |
| Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person | May 23, 2002 | — | Initial filing | — | SEC |
| Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person | Nov. 9, 2001 | — | Initial filing | — | SEC |
| Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person | Nov. 7, 2001 | — | Initial filing | — | SEC |
| Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person | May 29, 2001 | — | Initial filing | — | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
ETF ownership Held by 69 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| NETL · ETF Series Solutions | 3.09% | 101,385 NS | May 31, 2026 | N-PORT |
| SRHR · Elevation Series Trust | 2.61% | 82,800 NS | April 30, 2026 | N-PORT |
| ICAP · Series Portfolios Trust | 0.89% | 64,633 NS | May 31, 2026 | N-PORT |
| RZV · Invesco Exchange-Traded Fund Trust | 0.46% | 87,539 | Aug. 8, 2026 | Daily |
| EWUS · iShares Trust | 0.36% | 18,506 SH | Aug. 8, 2026 | Daily |
| IFGL · iShares Trust | 0.25% | 24,802 SH | Aug. 8, 2026 | Daily |
| VNQI · VANGUARD INTERNATIONAL EQUITY INDEX… | 0.17% | 786,656 SH | Aug. 8, 2026 | Daily |
| PSCF · Invesco Exchange-Traded Fund Trust … | 0.16% | 2,685 | Aug. 8, 2026 | Daily |
| REET · iShares Trust | 0.15% | 736,210 SH | Aug. 8, 2026 | Daily |
| ERET · iShares Trust | 0.14% | 1,938 SH | Aug. 8, 2026 | Daily |
| IEUS · iShares Trust | 0.11% | 24,014 SH | Aug. 8, 2026 | Daily |
| BBRE · J.P. Morgan Exchange-Traded Fund Tr… | 0.11% | 87,570 NS | May 31, 2026 | N-PORT |
| JPSE · J.P. Morgan Exchange-Traded Fund Tr… | 0.08% | 29,530 NS | April 30, 2026 | N-PORT |
| VIOV · VANGUARD ADMIRAL FUNDS | 0.08% | 97,249 SH | Aug. 8, 2026 | Daily |
| IJS · iShares Trust | 0.08% | 410,646 SH | Aug. 8, 2026 | Daily |
| USRT · iShares Trust | 0.07% | 209,615 SH | Aug. 8, 2026 | Daily |
| PDN · Invesco Exchange-Traded Fund Trust … | 0.07% | 28,985 | Aug. 8, 2026 | Daily |
| VTWV · VANGUARD SCOTTSDALE FUNDS | 0.06% | 49,576 SH | Aug. 8, 2026 | Daily |
| IWN · iShares Trust | 0.06% | 542,045 SH | Aug. 8, 2026 | Daily |
| FREL · FIDELITY COVINGTON TRUST | 0.06% | 51,310 NS | April 30, 2026 | N-PORT |
| SCZ · iShares Trust | 0.05% | 778,631 SH | Aug. 8, 2026 | Daily |
| SCHH · SCHWAB STRATEGIC TRUST | 0.05% | 325,766 NS | May 31, 2026 | N-PORT |
| XJR · iShares Trust | 0.05% | 5,379 SH | Aug. 8, 2026 | Daily |
| QVMS · Invesco Exchange-Traded Fund Trust … | 0.04% | 6,967 | Aug. 8, 2026 | Daily |
| IJR · iShares Trust | 0.04% | 2,797,208 SH | Aug. 8, 2026 | Daily |
| VNQ · VANGUARD SPECIALIZED FUNDS | 0.04% | 1,789,061 SH | Aug. 8, 2026 | Daily |
| VSS · VANGUARD INTERNATIONAL EQUITY INDEX… | 0.04% | 808,900 SH | Aug. 8, 2026 | Daily |
| VIOO · VANGUARD ADMIRAL FUNDS | 0.04% | 159,843 SH | Aug. 8, 2026 | Daily |
| BBSC · J.P. Morgan Exchange-Traded Fund Tr… | 0.04% | 17,523 NS | April 30, 2026 | N-PORT |
| OMFS · Invesco Exchange-Traded Self-Indexe… | 0.03% | 5,775 | Aug. 8, 2026 | Daily |
| PRFZ · Invesco Exchange-Traded Fund Trust | 0.03% | 55,620 | Aug. 8, 2026 | Daily |
| SAA · ProShares Trust | 0.03% | 549 NS | May 31, 2026 | N-PORT |
| VTWO · VANGUARD SCOTTSDALE FUNDS | 0.03% | 327,338 SH | Aug. 8, 2026 | Daily |
| IWM · iShares Trust | 0.03% | 1,466,369 SH | Aug. 8, 2026 | Daily |
| RSSL · Global X Funds | 0.03% | 24,309 NS | April 30, 2026 | N-PORT |
| WSML · iShares Trust | 0.02% | 16,497 SH | Aug. 8, 2026 | Daily |
| RWJ · Invesco Exchange-Traded Fund Trust … | 0.02% | 31,803 | Aug. 8, 2026 | Daily |
| ISCV · iShares Trust | 0.02% | 9,872 SH | Aug. 8, 2026 | Daily |
| ITWO · ProShares Trust | 0.02% | 2,643 NS | May 31, 2026 | N-PORT |
| VBR · VANGUARD INDEX FUNDS | 0.02% | 783,679 SH | Aug. 8, 2026 | Daily |
| SCHA · SCHWAB STRATEGIC TRUST | 0.01% | 218,680 NS | May 31, 2026 | N-PORT |
| UWM · ProShares Trust | 0.01% | 2,067 NS | May 31, 2026 | N-PORT |
| ISCB · iShares Trust | 0.01% | 2,095 SH | Aug. 8, 2026 | Daily |
| IEUR · iShares Trust | 0.01% | 123,230 SH | Aug. 8, 2026 | Daily |
| VXF · VANGUARD INDEX FUNDS | 0.01% | 527,439 SH | Aug. 8, 2026 | Daily |
| VB · VANGUARD INDEX FUNDS | 0.01% | 1,228,282 SH | Aug. 8, 2026 | Daily |
| VGK · VANGUARD INTERNATIONAL EQUITY INDEX… | 0.01% | 511,904 SH | Aug. 8, 2026 | Daily |
| VEA · VANGUARD TAX-MANAGED FUNDS | 0.01% | 2,076,792 SH | Aug. 8, 2026 | Daily |
| VTC · VANGUARD SCOTTSDALE FUNDS | 0.01% | 230,000 PA | Aug. 8, 2026 | Daily |
| VSGX · VANGUARD WORLD FUND | 0.01% | 42,955 SH | Aug. 8, 2026 | Daily |