CTO Realty Growth, Inc. (CTO) vs Safehold Inc. (SAFE)

CTO Realty Growth, Inc. and Safehold Inc. are both Reit Diversified companies. CTO Realty Growth, Inc. and Safehold Inc. are of similar size ($781.4M and $752.8M). Safehold Inc. trades at the lower P/E: 6.4× against 16.9×. Safehold Inc. grew revenue faster over the last twelve months: 16.5% against 15.9%. Safehold Inc. has the higher net margin (26.2% vs 21.7%) and the higher return on invested capital (5.49% vs 2.90%). Both pay a dividend; CTO Realty Growth, Inc. yields more (7.55% vs 6.67%). Across the 22 metrics below, Safehold Inc. leads on 15 and CTO Realty Growth, Inc. on 7.

Valuation

Metric CTO SAFE Reit Diversified median
P/E 16.88 6.42 22.49
P/S 4.44 1.70 2.94
P/B 1.11 0.28 0.94
Price to free cash flow n/m n/m 8.81
EV/EBITDA 11.41 5.29 12.28
EV/Sales 8.53 4.02 6.39
Earnings yield 5.93% 15.57% 1.18%
Free cash flow yield (9.78%) (17.65%) 2.24%

Profitability

Metric CTO SAFE Reit Diversified median
Gross margin 75.06% 89.81% 74.61%
Operating margin 37.54% 73.05% 31.87%
Net margin 21.71% 26.17% 0.20%
Free cash flow margin (38.39%) 9.92% 4.96%
Return on equity 5.97% 4.56% 1.07%
Return on assets 2.72% 1.56% 0.04%
Return on invested capital 2.90% 5.49% 2.71%

Growth

Metric CTO SAFE Reit Diversified median
Revenue growth (TTM) 15.86% 16.47% 3.37%
EPS growth (last fiscal year) 122.86% 7.43% (13.25%)
Revenue growth, 5-year CAGR 21.54% 3.53% 4.83%
Net income growth, 5-year CAGR (49.49%) 0.00% 0.00%

Health

Metric CTO SAFE Reit Diversified median
Debt to equity 1.05 1.81 1.03
Current ratio 6.06 34.05 1.25
Net debt to EBITDA 6.10 3.00 5.88

Dividend

Metric CTO SAFE Reit Diversified median
Dividend yield 7.55% 6.67% 6.60%
Payout ratio 1.27 0.43 1.59

Size

Metric CTO SAFE Reit Diversified median
Market cap 781.40m 752.78m 777.86m

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