Safehold Inc. (SAFE) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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SAFE Revenue Growth
SAFE Revenue Analysis (2014–2025)
As of May 6, 2026, Safehold Inc. (SAFE) generated trailing twelve-month (TTM) revenue of $385.6 million, reflecting solid growth of +6.5% year-over-year. The most recent quarter (Q4 2025) recorded $97.9 million in revenue, up 1.8% sequentially.
Looking at the longer-term picture, SAFE's 5-year compound annual growth rate (CAGR) stands at +19.4%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $679.2 million in 2017.
When compared to Real Estate sector peers including LAND (-10.7% YoY), PINE (+19.9% YoY), and NTST (+20.3% YoY), SAFE has underperformed the peer group in terms of revenue growth. Compare SAFE vs LAND →
SAFE Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| SAFECurrent | $386M | +6.5% | +19.4% | 79.8% | |
 LAND | $76M | -10.7% | +5.9% | 78.6% | |
 PINE | $61M | +19.9% | +25.8% | 30.5% | |
 NTST | $195M | +20.3% | +42.0% | 25.7% | |
 GTY | $222M | +9.9% | +8.5% | 54.9% | |
 FCPT | $294M | +10.2% | +11.5% | 55.7% |
SAFE Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $385.6M | +5.4% | $363.7M | 94.3% | $307.6M | 79.8% |
| 2024 | $365.7M | +3.7% | $361.5M | 98.8% | $87.1M | 23.8% |
| 2023 | $352.6M | +30.4% | $347.9M | 98.7% | $-77,075,000 | -21.9% |
| 2022 | $270.3M | +44.5% | $267.2M | 98.8% | $135.6M | 50.2% |
| 2021 | $187.0M | +17.8% | $184.4M | 98.6% | $65.5M | 35.0% |
| 2020 | $158.7M | +70.0% | $156.3M | 98.4% | $56.2M | 35.4% |
| 2019 | $93.4M | +87.8% | $90.7M | 97.1% | $36.1M | 38.7% |
| 2018 | $49.7M | -92.7% | $48.1M | 96.8% | $11.9M | 24.0% |
| 2017 | $679.2M | +3023.8% | $156.0M | 23.0% | $6.6M | 1.0% |
| 2016 | $21.7M | +17.1% | $20.9M | 96.0% | $14.9M | 68.3% |
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Start ComparisonSAFE — Frequently Asked Questions
Quick answers to the most common questions about buying SAFE stock.
Is SAFE's revenue growth accelerating or slowing?
SAFE maintains +6.5% revenue growth, in line with its 5-year CAGR of +19.4%. TTM revenue stands at $386M. Growth rate remains consistent with historical average.
What is SAFE's long-term revenue growth rate?
Safehold Inc.'s 5-year revenue CAGR of +19.4% reflects the sustained expansion pattern. Current YoY growth of +6.5% is near this long-term average.
How is SAFE's revenue distributed by segment?
SAFE reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.