Safehold Inc. (SAFE) Earnings History
Steady Earner37 years of earnings data (1989–2025) · Positive but moderate multi-year EPS trajectory
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Safehold Inc. (SAFE) Earnings Overview
As of June 21, 2026, Safehold Inc. (SAFE) reported trailing twelve-month net income of $114M, reflecting +7.4% year-over-year growth. The company earned $1.59 per diluted share over the past four quarters, with a net profit margin of 29.7%.
Looking at the long-term picture, SAFE's 5-year EPS compound annual growth rate (CAGR) stands at +6.3%, showing solid earnings momentum. The company achieved its highest annual net income of $375M in fiscal 2006.
Safehold Inc. maintains industry-leading profitability with a gross margin of 94.3%, operating margin of 79.8%, and net margin of 29.7%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →
Compared to peers including LAND (-$6M net income, 15.3% margin), PINE (-$415,000 net income, -4.4% margin), NTST ($11M net income, 3.8% margin), SAFE has outperformed on profitability metrics. Compare SAFE vs LAND →
SAFE Earnings vs Peers
Earnings metrics vs comparable public companies
SAFE Historical Earnings Data (1989–2025)
37 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $114M | +8.2% | $308M | $1.59 | 29.7% | 79.8% |
| 2024 | $106M | +292.4% | $87M | $1.48 | 28.9% | 23.8% |
| 2023 | -$55M | -140.6% | -$77M | $-0.82 | -15.6% | -21.9% |
| 2022 | $135M | +85.2% | $136M | $2.17 | 50.1% | 50.2% |
| 2021 | $73M | +23.3% | $65M | $1.32 | 39.1% | 35.0% |
| 2020 | $59M | +114.1% | $56M | $1.17 | 37.4% | 35.4% |
| 2019 | $28M | +135.9% | $36M | $23.29 | 29.7% | 38.7% |
| 2018 | $12M | -93.3% | $12M | $0.64 | 23.6% | 24.0% |
| 2017 | $176M | +2555.8% | $7M | $9.75 | 25.9% | 1.0% |
| 2016 | $7M | +23.7% | $15M | $0.36 | 30.4% | 68.3% |
| 2015 | $5M | +512.7% | $6M | $0.29 | 28.8% | 30.8% |
| 2014 | $873,000 | +100.8% | -$39M | $-3.56 | 0.2% | -8.5% |
| 2013 | -$112M | +53.3% | -$156M | $-8.23 | -28.6% | -39.9% |
| 2012 | -$240M | -987.4% | -$287M | $-17.91 | -59.9% | -71.6% |
| 2011 | -$22M | -127.7% | $218M | $-1.55 | -25.1% | 247.8% |
| 2010 | $80M | +110.4% | $51M | $2.44 | 14.7% | 9.3% |
| 2009 | -$769M | -290.7% | -$604M | $-48.01 | -80.1% | -62.9% |
| 2008 | -$197M | -182.4% | $331M | $-9.38 | -68.5% | 115.2% |
| 2007 | $239M | -36.2% | $239M | $9.44 | 28.9% | 28.9% |
| 2006 | $375M | +30.2% | $375M | $17.44 | 66.6% | 66.6% |
| 2005 | $288M | +10.5% | $288M | $13.19 | 58.9% | 58.9% |
| 2004 | $260M | -10.9% | $260M | $11.44 | 55.9% | 55.9% |
| 2003 | $292M | +43.8% | $292M | $15.19 | 71.7% | 71.7% |
| 2002 | $203M | -11.7% | $203M | $12.06 | 59.5% | 59.5% |
| 2001 | $230M | +5.7% | $230M | $13.69 | 72.9% | 72.9% |
| 2000 | $218M | +459.3% | $218M | $13.13 | 72.3% | 72.3% |
| 1999 | $39M | -35.1% | $39M | $1.56 | 22.4% | 22.4% |
| 1998 | $60M | - | $60M | $8.41 | 71.8% | 71.8% |
| 1997 | $0 | +100.0% | $2M | $2.23 | 0.0% | 100.0% |
| 1996 | $-600,000 | -500.0% | $-100,000 | $-5.89 | -300.0% | -50.0% |
| 1995 | $-100,000 | +66.7% | $-100,000 | $-0.98 | -100.0% | -100.0% |
| 1994 | $-300,000 | -108.1% | $-300,000 | $-2.94 | - | - |
| 1993 | $4M | +840.0% | $4M | $322.89 | 77.1% | 77.1% |
| 1992 | $-500,000 | -110.4% | $-500,000 | $-4.91 | -9.6% | -9.6% |
| 1991 | $5M | +2.1% | $5M | $416.42 | 88.9% | 88.9% |
| 1990 | $5M | +38.2% | $5M | $403.06 | 88.7% | 88.7% |
| 1989 | $3M | - | $3M | $374.11 | 87.2% | 87.2% |
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SAFE — Frequently Asked Questions
Quick answers to the most common questions about buying SAFE stock.
What is SAFE earnings per share (EPS)?
SAFE trailing twelve-month (TTM) diluted EPS is $1.59, reflecting +7.4% year-over-year growth. The 5-year EPS CAGR is +6.3%. Complete EPS history from 1989 to 2025 is available in the table on this page.
What is Safehold Inc.'s net income?
Safehold Inc. (SAFE) trailing twelve-month net income is $114M as of 2025. Earnings grew +7.4% year-over-year. Safehold Inc. has been profitable for 2 consecutive years.
Is SAFE profitable?
Yes, SAFE is profitable with a TTM net income of $114M and a net profit margin of +29.7%. Safehold Inc. has generated profits for 2 consecutive years.
What is SAFE's earnings growth rate?
SAFE compound annual EPS growth rates (CAGR): 1-Year: +7.4%, 3-Year: -9.8%, 5-Year: +6.3%, 10-Year: +18.5%. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 1989 to 2025.
What are SAFE's profit margins?
Safehold Inc. net profit margin is +29.7%, operating margin is +79.8%, and gross margin is +94.3%. Above-average net margins reflect strong pricing power and competitive moat. Return on Equity is +4.8%.
Is SAFE growing earnings?
SAFE is growing earnings steadily. YoY EPS growth of +7.4% is consistent with the 5-year CAGR of +6.3%. TTM net income is $114M.
What was SAFE's best earnings year?
Safehold Inc.'s highest annual net income on record is $375M, achieved in fiscal year 2006. Earnings history on this page spans 1989 to 2025 and includes all annual and quarterly figures.
What were SAFE's earnings last quarter?
SAFE's most recent reported quarter was Q4 2025. Net income was $28M with diluted EPS of $0.39. For a full breakdown of all quarters, see the quarterly earnings table on this page.