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Safehold Inc.
CIK 0001095651 · EDGAR ↗
cleanelevatedtriggeredno dataplanned
81.4
composite · 4 signals · TRIGGERED

Every card below shows the score and the exact filing data it was computed from — no unexplained numbers. Some signals (P-02, P-03, P-08, P-09, P-10, P-11) pull live documents from SEC EDGAR the first time you view this company; a few of those (P-03, P-10, P-11) use AI to read the filing text, but every AI claim must quote the actual document verbatim or it's discarded — never a guess.

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Signals

P-12 · FY 2025-12-31 · TRIGGERED68.3

Restatement predictor

F-Score 2.05 — misstatement risk 2.0x the base rate
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2026-02-12) ↗
Evidence — inputs and thresholds
{
  "f_score": 2.048,
  "probability": 0.00758,
  "components": {
    "rsst": 0.0094,
    "drec": null,
    "dinv": null,
    "soft": 0.9969,
    "dcs": 0.0543,
    "droa": 0.0005,
    "issue": 1
  },
  "model": "Dechow et al. 2011, Model 1 (simplified RSST)",
  "thresholds": {
    "elevated": 1,
    "triggered": 1.85
  },
  "stale": false,
  "latest_filing_period": "2025-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1095651/000109565126000010/0001095651-26-000010-index.htm",
    "form": "10-K",
    "filed": "2026-02-12"
  }
}
P-05 · FY 2025-12-31 · ELEVATED92.8

Tax arbitrage

ETR 2.5% vs 21% statutory — gap persistent across 2 of 2 years
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2026-02-12) ↗
Evidence — inputs and thresholds
{
  "etr_by_year": {
    "2025-12-31": 0.0249,
    "2024-12-31": 0.0313
  },
  "statutory_rate": 0.21,
  "gap_by_year": {
    "2025-12-31": 0.1851,
    "2024-12-31": 0.1787
  },
  "note": "Low ETR can be fully legitimate; this flags persistence + magnitude for review.",
  "stale": false,
  "latest_filing_period": "2025-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1095651/000109565126000010/0001095651-26-000010-index.htm",
    "form": "10-K",
    "filed": "2026-02-12"
  }
}
P-13 · FY 2023-12-31 · ELEVATED65.6

Zombie / distress

[FY2023 data, stale — no more recent EBIT figure in XBRL] Interest coverage -0.43x below 1.0
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2026-02-12) ↗
Evidence — inputs and thresholds
{
  "icr_by_year": {
    "2025-12-31": null,
    "2024-12-31": null,
    "2023-12-31": -0.426,
    "2022-12-31": 1.052
  },
  "consecutive_years_below_1": 1,
  "altman_z_double_prime": 0.496,
  "definitions": {
    "zombie": "ICR<1 for 3+ consecutive FYs (BIS 2018)",
    "z_distress": "<1.1 distress, 1.1-2.6 gray, >2.6 safe"
  },
  "inputs": {
    "ebit_t": -77075000,
    "interest_expense_t": 181011000
  },
  "stale": true,
  "latest_filing_period": "2025-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1095651/000109565126000010/0001095651-26-000010-index.htm",
    "form": "10-K",
    "filed": "2026-02-12"
  }
}
P-01 · FY 2025-12-31 · CLEAN32.1

Earnings quality

Beneish M-Score -2.39 — no manipulation profile
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2026-02-12) ↗
Evidence — inputs and thresholds
{
  "m_score": -2.392,
  "threshold": -1.78,
  "ratios": {
    "DSRI": 1,
    "GMI": 1.001,
    "AQI": 1,
    "SGI": 1.054,
    "DEPI": 1,
    "SGAI": 1,
    "LVGI": 1.011,
    "TATA": 0.009
  },
  "defaulted_to_neutral": [
    "DSRI",
    "DEPI",
    "SGAI"
  ],
  "sloan_accruals": 0.0094,
  "inputs": {
    "revenue_t": 385552000,
    "revenue_t1": 365685000,
    "total_assets_t": 7249275000,
    "net_income_t": 114469000,
    "cfo_t": 47814000
  },
  "stale": false,
  "latest_filing_period": "2025-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1095651/000109565126000010/0001095651-26-000010-index.htm",
    "form": "10-K",
    "filed": "2026-02-12"
  }
}