MEDIUMBuilt-inProperty_type
41%
multifamily properties
“10-K Item 1A: '41% of our total revenues came from multifamily properties, 35% came from office properties and 10% came from hotel properties.'”
SAFE · Concentration risk · 10-K extracted
Safehold Inc. New (SAFE) concentration risks
Updated
The most significant concentration Safehold Inc. New discloses is multifamily properties at 41%, classified MEDIUM by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Safehold Inc. New’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 3 disclosed concentrations
HIGH0
MEDIUM2
LOW1
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
MEDIUMBuilt-inProperty_type
35%
office properties
“10-K Item 1A: '41% of our total revenues came from multifamily properties, 35% came from office properties and 10% came from hotel properties.'”
LOWOutside partyTenant
4.3%
two largest tenants
“10-K Item 1A: 'For the year ended December 31, 2025, our two largest tenants by revenues each accounted for approximately 4.3% of our total revenues.'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-07-06Safehold's concentration risk is property-type driven rather than tenant-driven. Multifamily properties contributed approximately 41% of total revenues and office properties contributed approximately 35%, with hotel properties making up the remainder — together a portfolio mix weighted toward two medium-share property types rather than dominated by a single one. Both concentrations are structural, reflecting Safehold's deliberate asset-mix choices rather than dependency on any specific counterparty. By contrast, tenant concentration is genuinely low: the two largest tenants by revenue each accounted for only approximately 4.3% of total revenues in 2025 — a low-share dependency that limits the risk of any single tenant relationship materially affecting results. Netting these together, Safehold's more consequential exposure is to property-type-specific dynamics — multifamily and office fundamentals, financing costs, and demand trends — rather than to any individual tenant relationship, since the tenant base itself is well-diversified. For an educated investor, this is a comparatively favorable concentration profile: the largest exposures are structural and spread across two property types, and the tenant base shows no material single-counterparty dependency.
For the engine’s reasoning on SAFE’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · REIT - Diversified
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| AAT | American Assets Trust, Inc. | 2 | 1 | 1 | 4 |
| BNL | Broadstone Net Lease, Inc. | 1 | 2 | 1 | 4 |
| ESRT | Empire State Realty Trust, Inc. | 1 | 1 | 2 | 4 |
| CTO | CTO Realty Growth, Inc. | 1 | 0 | 0 | 1 |
| SAFE● | Safehold Inc. New | 0 | 2 | 1 | 3 |
| AHRT | AH Realty Trust, Inc. | 0 | 1 | 0 | 1 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.