AH Realty Trust Inc (AHRT) vs Safehold Inc. (SAFE)

AH Realty Trust Inc and Safehold Inc. are both Reit Diversified companies. Safehold Inc. is the larger, with a market value of $752.8M against $621.2M — 1.2× the size. AH Realty Trust Inc has negative trailing earnings, so its P/E is not meaningful; Safehold Inc. trades at 6.4×. Safehold Inc. grew revenue faster over the last twelve months: 16.5% against −7.16%. Safehold Inc. has the higher net margin (26.2% vs −21.1%) and the higher return on invested capital (5.49% vs 2.54%). Both pay a dividend; AH Realty Trust Inc yields more (8.52% vs 6.67%). Across the 20 metrics below, Safehold Inc. leads on 17 and AH Realty Trust Inc on 3.

Valuation

Metric AHRT SAFE Reit Diversified median
P/E n/m 6.42 22.49
P/S 2.02 1.70 2.94
P/B 0.91 0.28 0.94
Price to free cash flow 7.40 n/m 8.81
EV/EBITDA 9.27 5.29 12.28
EV/Sales 6.13 4.02 6.39
Earnings yield (9.59%) 15.57% 1.18%
Free cash flow yield 13.51% (17.65%) 2.24%

Profitability

Metric AHRT SAFE Reit Diversified median
Gross margin 64.15% 89.81% 74.61%
Operating margin 28.22% 73.05% 31.87%
Net margin (21.08%) 26.17% 0.20%
Free cash flow margin 0.00% 9.92% 4.96%
Return on equity 0.00% 4.56% 1.07%
Return on assets (2.30%) 1.56% 0.04%
Return on invested capital 2.54% 5.49% 2.71%

Growth

Metric AHRT SAFE Reit Diversified median
Revenue growth (TTM) (7.16%) 16.47% 3.37%
EPS growth (last fiscal year) (124.24%) 7.43% (13.25%)
Revenue growth, 5-year CAGR (5.76%) 3.53% 4.83%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric AHRT SAFE Reit Diversified median
Debt to equity 1.50 1.81 1.03
Current ratio 3.25 34.05 1.25
Net debt to EBITDA 9.19 3.00 5.88

Dividend

Metric AHRT SAFE Reit Diversified median
Dividend yield 8.52% 6.67% 6.60%
Payout ratio — 0.43 1.59

Size

Metric AHRT SAFE Reit Diversified median
Market cap 621.18m 752.78m 777.86m

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