Safehold Inc. (SAFE) Quarterly Income Statement

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Safehold Inc. (SAFE) quarterly income statement — complete revenue, gross profit & net income history

Quarterly statement

SAFE Income Statement

Safehold Inc. (SAFE) annual income statement — 30-year revenue, gross profit & net income history

Metric	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22	Q2'22	Q1'22	Q4'21

Revenue	118.68M	114.65M	104.75M	97.87M	96.16M	93.84M	97.68M	91.87M	90.7M	89.89M	93.21M	103.03M	85.56M	85.66M	78.33M	73.37M	71.7M	64.88M	60.36M	52.01M
Revenue Growth %	23.41%	22.17%	7.24%	6.53%	6.02%	4.39%	4.79%	-10.83%	6.01%	4.94%	19%	40.42%	19.34%	32.02%	29.76%	41.06%	51.64%	46.75%	38.74%	30.33%
Property Operating Expenses	17.4M	14.7M	1.85M	5.54M	1.4M	881K	1.16M	1.06M	1.05M	1.04M	1.08M	1.43M	1M	1.01M	1.21M	838K	866K	699K	707K	625K
Net Operating Income (NOI)	101.28M	99.94M	102.9M	92.33M	94.77M	92.96M	96.52M	90.81M	89.66M	88.85M	92.13M	101.59M	84.56M	84.65M	77.12M	72.53M	70.83M	64.19M	59.66M	51.39M
NOI Margin %	85.34%	87.18%	98.24%	94.33%	98.55%	99.06%	98.81%	98.85%	98.85%	98.84%	98.84%	98.61%	98.83%	98.82%	98.46%	98.86%	98.79%	98.92%	98.83%	98.8%
Operating Expenses	16.06M	71.69M	29.94M	13.03M	69.89M	69.04M	71.22M	68.19M	73.78M	64.86M	67.55M	66.71M	214.8M	68.82M	74.67M	53.14M	-2.32M	43.73M	37.02M	32.34M
G&A Expenses	0	14.61M	0	0	13.07M	12.95M	14.13M	13.9M	13.12M	12.28M	15.63M	16.73M	17.86M	18.92M	11.94M	6.29M	6.43M	7.33M	6.07M	5.49M
EBITDA	88.74M	30.57M	74.8M	81.98M	27.09M	26.62M	28.07M	25.69M	18.93M	27.06M	27.65M	37.95M	-127.15M	18.93M	5.43M	22.37M	76.13M	23.44M	25.61M	22.02M
EBITDA Margin %	74.77%	26.66%	71.41%	83.77%	28.17%	28.37%	28.74%	27.96%	20.88%	30.11%	29.67%	36.84%	-148.6%	22.1%	6.93%	30.48%	106.19%	36.13%	42.43%	42.34%
Depreciation & Amortization	0	2.31M	1.85M	2.69M	2.21M	2.7M	2.77M	3.06M	3.06M	3.07M	3.06M	3.07M	3.1M	3.1M	2.97M	2.97M	2.98M	2.98M	2.98M	2.98M
D&A / Revenue %	0%	2.02%	1.76%	2.75%	2.3%	2.88%	2.84%	3.34%	3.37%	3.41%	3.29%	2.98%	3.62%	3.62%	3.8%	4.05%	4.16%	4.59%	4.94%	5.72%
Operating Income	85.22M	28.26M	72.96M	79.3M	24.88M	23.92M	25.3M	22.63M	15.87M	24M	24.59M	34.88M	-130.24M	15.83M	2.45M	19.39M	73.15M	20.46M	22.63M	19.05M
Operating Margin %	71.81%	24.65%	69.65%	81.02%	25.87%	25.49%	25.9%	24.63%	17.5%	26.69%	26.38%	33.86%	-152.22%	18.48%	3.13%	26.43%	102.02%	31.53%	37.49%	36.62%
Interest Expense	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Interest Coverage	1.59x	1.51x	1.56x	1.55x	1.56x	1.56x	1.60x	1.55x	1.41x	1.62x	1.65x	1.90x	-1.64x	1.49x	1.12x	1.57x	3.13x	1.75x	1.98x	1.95x
Non-Operating Income	-3.52M	-55.19M	-9.86M	-2.11M	-57.15M	-56.18M	-55.42M	-55.2M	-54.7M	-55.58M	-55.54M	-55.24M	-54M	-52.86M	-43.13M	-40.2M	-37.71M	-32.52M	-27.6M	-24.71M
Pretax Income	32.83M	32.12M	29.58M	28.91M	29.53M	28.83M	30.29M	27.48M	20.61M	30.46M	31.5M	42.59M	-122.79M	22.64M	4.72M	21.68M	75.39M	22.71M	24.91M	21.31M
Pretax Margin %	27.66%	28.01%	28.24%	29.53%	30.71%	30.72%	31.01%	29.91%	22.73%	33.89%	33.79%	41.34%	-143.51%	26.43%	6.02%	29.54%	105.15%	35%	41.26%	40.97%
Income Tax	1.48M	1.39M	685K	973K	215K	862K	883K	1.4M	660K	910K	471K	1.14M	55K	525K	0	0	0	0	0	0
Effective Tax Rate %	4.52%	4.34%	2.32%	3.37%	0.73%	2.99%	2.91%	5.11%	3.2%	2.99%	1.5%	2.67%	-0.04%	2.32%	0%	0%	0%	0%	0%	0%
Net Income	28.81M	30.16M	28.86M	27.88M	29.28M	27.95M	29.36M	26.04M	19.33M	29.66M	30.73M	41.18M	-122.97M	22.13M	4.68M	21.8M	66.08M	22.68M	24.87M	21.28M
Net Margin %	24.27%	26.3%	27.55%	28.48%	30.45%	29.78%	30.06%	28.34%	21.31%	33%	32.97%	39.97%	-143.72%	25.83%	5.98%	29.71%	92.16%	34.95%	41.21%	40.91%
Net Income Growth %	-1.62%	7.9%	-1.71%	7.05%	51.48%	-5.79%	-4.44%	-36.77%	115.72%	34.05%	556.3%	88.96%	-286.1%	-2.42%	-81.18%	2.42%	227.05%	53.94%	47.11%	39.35%
Funds From Operations (FFO)	28.81M	32.47M	30.71M	30.56M	31.5M	30.65M	32.14M	29.1M	22.39M	32.73M	33.79M	44.25M	-119.87M	25.23M	7.66M	24.77M	69.06M	25.66M	27.85M	24.26M
FFO Margin %	24.27%	28.32%	29.32%	31.23%	32.75%	32.66%	32.9%	31.68%	24.69%	36.41%	36.25%	42.95%	-140.1%	29.46%	9.77%	33.76%	96.32%	39.55%	46.14%	46.63%
FFO Growth %	-	5.92%	-4.45%	5.02%	40.65%	-6.36%	-4.89%	-34.23%	118.68%	29.72%	341.38%	78.66%	-273.58%	-1.66%	-72.51%	2.11%	197.66%	44.65%	39.87%	32.66%
FFO per Share	0.41	0.45	0.43	0.43	0.44	0.43	0.45	0.41	0.31	0.46	0.47	0.62	-1.76	0.39	0.12	0.39	1.11	0.41	0.48	0.45
FFO Payout Ratio %	0%	0%	41.33%	41.53%	40.3%	42.04%	39.36%	43.44%	56.44%	38.91%	37.2%	28.43%	-9.44%	0%	289.24%	44.43%	15.9%	41.03%	34.73%	59.81%
EPS (Diluted)	0.41	0.42	0.40	0.39	0.41	0.39	0.41	0.36	0.27	0.42	0.43	0.58	-1.81	0.35	-0.11	-1.89	0.29	-2.62	-0.03	-0.02
EPS Growth %	0%	7.69%	-2.44%	8.33%	51.85%	-7.14%	-4.65%	-37.93%	114.92%	20%	490.91%	130.69%	-724.14%	113.36%	-238.46%	-8900%	-23.68%	-1035.71%	-110.16%	-107.24%
EPS (Basic)	0.41	0.42	0.40	0.39	0.41	0.39	0.41	0.36	0.27	0.42	0.43	0.58	-1.81	0.35	-0.11	-1.89	0.29	-2.62	-0.03	-0.02
Diluted Shares Outstanding	70.98M	71.58M	71.97M	71.87M	71.84M	71.8M	71.64M	71.45M	71.54M	71.46M	71.24M	71.11M	67.98M	63.94M	63.67M	62.91M	62.15M	62.01M	58.12M	54.18M