SAFE
Safehold Inc.
NYSE · Real Estate · REIT - Diversified · US
$15.16
+0.66%Income statement
| Metric | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue | |||||
| Total Revenue | 413.4M | 385.6M | 365.7M | 352.6M | 270.3M |
| Cost of Revenue | 23.5M | 21.9M | 4.2M | 4.7M | 3.1M |
| Gross Profit | 389.9M | 363.7M | 361.5M | 347.9M | 267.2M |
| Operating Expenses | |||||
| R&D Expense | — | — | — | — | — |
| SG&A Expense | 27.7M | — | 54.9M | 65.4M | 38.6M |
| General & Admin Expense | 27.4M | — | 54.9M | 65.4M | 38.6M |
| Selling & Marketing Expense | 270.0K | — | — | — | — |
| Other Expenses | 156.9M | 56.1M | 219.5M | 359.6M | 93.0M |
| Total Operating Expenses | 184.5M | 56.1M | 274.4M | 425.0M | 131.6M |
| Cost and Expenses | 208.0M | 78.0M | 278.6M | 429.7M | 134.7M |
| Operating Income (EBIT) | 205.4M | 307.6M | 87.1M | (77.1M) | 135.6M |
| Non-Operating | |||||
| Interest Income | 154.6M | 297.3M | — | — | — |
| Interest Expense | 213.4M | 206.7M | 198.0M | 181.0M | 129.0M |
| Net Interest Income | (58.8M) | 90.6M | (198.0M) | (181.0M) | (129.0M) |
| Other Non-Op Income/Expense | (85.3M) | (190.0M) | 23.0M | 24.2M | 9.1M |
| Non-Operating Income (excl Interest) | (124.3M) | (16.7M) | (221.0M) | (205.2M) | (138.0M) |
| EBT (Pre-Tax Income) | 120.1M | 117.6M | 110.1M | (52.8M) | 144.7M |
| Income Tax Expense | 3.3M | 2.9M | 3.4M | 1.7M | — |
| Bottom Line | |||||
| Net Income | 116.2M | 114.5M | 105.8M | (55.0M) | 135.4M |
| Earnings from Cont. Ops | 116.9M | 114.6M | 106.6M | (54.6M) | 144.7M |
| Earnings from Discont. Ops | — | — | — | — | — |
| Bottom Line Net Income | 116.2M | 114.5M | 105.8M | (55.0M) | 135.4M |
| Per Share | |||||
| Basic EPS | $1.62 | $1.60 | $1.48 | ($0.82) | $2.17 |
| Diluted EPS | $1.62 | $1.59 | $1.48 | ($0.82) | $2.17 |
| Revenue Per Share | $5.78 | $5.38 | $5.12 | $5.29 | $4.30 |
| Shares | |||||
| Basic Shares Outstanding | 71.6M | 71.7M | 71.4M | 66.7M | 62.9M |
| Diluted Shares Outstanding | 71.6M | 71.8M | 71.5M | 66.7M | 62.9M |
| Profitability Metrics | |||||
| EBITDA | 338.2M | 332.8M | 320.4M | 140.4M | 285.6M |
| D&A | 8.5M | 8.5M | 12.3M | 12.2M | 11.9M |
| EBIT | 329.7M | 324.2M | 308.1M | 128.2M | 273.7M |
As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026