How often does Safehold move more than the options market prices?

1 of the last 8 reports moved at least as far as the implied move.

SAFENYSEReal Estate Investment Trusts

Safehold Inc. (SAFE) earnings date, market-implied expected move, and options open interest by expiry

10.84

−0.39 · −3.50%

post 10.90 +0.58%

Closed18:19 ET

Open11.19Volume562,871Mkt cap$803.9MP/E6.73EPS1.62Div yield6.30%

Day10.78 – 11.2128%52-wk10.61 – 17.194%

SAFE

Safehold Inc.

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

No implied move.

Expected move

Inputs

Next report

Feb 10

after close · in 97 days

est.Q4 FY26

Calendar

Next report

Last report

−4.10%

vs ±14.8% implied · ×0.28

shaded = implied · ▲▼ = realized

Nov 3 '26 · confirmedthin chain

Implied vs realized

Largest filed tie

—

13F top-10 QoQ

+4.34%

shares held · 10 largest managers

13F · Jun 30 '26128d lag

214 managers

Top fund weight

0.04%

SAFE weight · VNQ

N-PORTJul 31 '26

4 funds

Last reportshaded = implied▲▼ = realized× = |realized| ÷ implied

Safehold (SAFE) is expected to report on Feb 10 after close (estimated date).

Implied vs realized

8 reports

1 of 8≥ implied

avg implied: ±9.3%
avg realized: ±4.8%

Feb 5 '25Feb 5 '25confirmed±11.1%▲+7.92%×0.71

May 6 '25May 6 '25confirmed±6.4%▲+3.97%×0.62

Aug 5 '25Aug 5 '25confirmed±7.0%▼−1.26%×0.18

Nov 5 '25Nov 5 '25confirmed±8.2%▼−10.71%×1.30

Feb 11 '26Feb 11 '26confirmed±4.1%▼−1.40%×0.34

Q1 FY26Apr 30 '26confirmed±7.7%▼−7.24%×0.94

Q2 FY26Jul 30 '26confirmed±15.0%▲+2.15%×0.14

Q3 FY26Nov 3 '26confirmed±14.8%thin chain▼−4.10%×0.28

quarterimplied−20%0+20%realized×

Q3 FY26±14.8%▼−4.10%×0.28

Q2 FY26±15.0%

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Implied vs realized

Positioning

OI · 4 expiries · Nov 3 close

1.81OI · 4 expiries · Nov 3 closeP/C open interest · Apr 16 · first expiry after the report

PUTS · chgexpiry · days · P/CCALLS · chgP/C

240+6%Nov 2015d2.89830%2.89

1030%Dec 1843d0.119800%0.11

1740%Jan 1571d0.53330−11%0.53

report · Feb 10 · after close · est.

6180%Apr 16162d3420%

ExpiryPutsCallsP/C

Nov 2015d240+6%830%2.89

Dec 1843d1030%9800%0.11

Jan 1571d1740%330−11%0.53

report · Feb 10 · after close · est.

Hatched = puts · solid = calls · bars scaled per expiry · chg = OI vs prior sessionSource: options EOD

Positioning

Linked exposure

No implied move.

Linked exposure

Revenue flow

as filedQ3 FY26

26.41%as filednet margin · revenue +3.52% QoQ · +23.42% YoY

Revenue

$119M+3.52% QoQ

Gross profit

$116M+2.24% QoQ

97.87% margin

Operating income

$29M+3.75% QoQ

24.70% margin

Pre-tax income

$33M+2.23% QoQ

Net income

$31M+2.03% QoQ

26.41% margin

Cost of revenue

$3M+142.60% QoQ

Operating expenses

$87M+1.75% QoQ

Other operating $71M

SG&A $14M

Depreciation $2M

Tax

$1M+6.46% QoQ

Other income

$4M−8.91% QoQ

Revenue$119M+3.52%

Gross profit

$116M+2.24%

97.87% margin

Operating income

$29M+3.75%

24.70% margin

Pre-tax income

$33M+2.23%

Net income

$31M+2.03%

26.41% margin

Cost of revenue

$3M+142.60%

Operating expenses

$87M+1.75%

Other operating $71M

SG&A $14M

Depreciation $2M

Other income$4M−8.91%

Tax$1M+6.46%

flow · deduction · inflow · signed % = QoQSource: SEC filings · standardized · QE Sep 30 '26 · width = $

Revenue flow

Intraday

15m bars

Hatch = extended hours · ▯ up · ▮ downSource: market data · 18:15 ET

Intraday

Event sensitivity

FOMC ×1.34· ±2.4% vs ±1.8% · 24 releases

eventrelease day|move|up · n×base

FOMCrate decision±2.4%9 of 24×1.34

NFPjobs report±1.9%6 of 10×1.09

GDPgross domestic product±1.7%9 of 19×0.97

PPIproducer prices±1.7%6 of 10×0.97

CPIconsumer prices±1.6%5 of 10×0.92

CPROFcorporate profits±1.5%5 of 12×0.88

PCEpersonal income & outlays±1.3%8 of 19×0.72

Bar = avg |move| to ±3% · tick = ±1.8% avg day · ×base = |move| ÷ ±1.8% · min 6 releases

Earnings history

EPS 0.41 · consensus —

Quarter	Reported	EPS	Consensus
Q3 FY26	Nov 3 '26 · confirmed	0.41	—
Q2 FY26	Jul 30 '26 · confirmed	0.42	—
Q1 FY26	Apr 30 '26 · confirmed	0.40	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod