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Safehold, Inc. (SAFE)

NYSE Real Estate Other Specialized REITs S&P SmallCap 600
$10.59
-0.04 (-0.38%)
Close of Nov 06, 2026 · end-of-day data
Source: Safehold, Inc.'s 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 05, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue$455.19M$679.20M$798.12M$273.70M$324.10M$187.01M$270.31M$352.58M$365.69M$385.55M
Cost of revenue—————$2.66M$3.11M$4.65M$4.22M$4.76M
Gross profit—————$184.35M$267.20M$347.93M$361.46M$380.79M
Operating income—————$65.46M$135.63M-$77.08M$87.08M$100.90M
Interest expense$221.40M$194.69M$183.75M$141.70M$126.83M$79.71M$128.97M$181.01M——
Pre-tax income$71.75M$50.90M-$17.51M-$155.21M-$116.22M$73.36M$144.68M-$52.85M$110.06M$117.56M
Income tax-$10.17M-$948.00K$815.00K$369.00K$89.00K-$118.00K$567.00K$1.72M$3.44M$2.93M
Net income$95.31M$175.68M-$32.26M$324.04M-$42.44M$73.12M$135.42M-$54.97M$105.76M$114.47M
EBITDA—————$124.75M$141.10M-$67.14M$97.03M$109.44M
EPS (basic)$0.60$1.56$-0.95$4.51$-0.87$1.32$2.17$-0.82$1.48$1.60
EPS (diluted)$0.60$1.56$-0.95$4.51$-0.87$1.32$2.17$-0.82$1.48$1.59
Diluted shares73.83M71.02M67.96M64.70M75.68M55.26M62.39M66.69M71.45M71.79M
Gross margin—————98.6%98.8%98.7%98.8%98.8%
Operating margin—————35.0%50.2%-21.9%23.8%26.2%
Net margin20.9%25.9%-4.0%118.4%-13.1%39.1%50.1%-15.6%28.9%29.7%

Balance sheet

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash & equivalents$328.74M$657.69M$931.75M$307.17M$98.63M$29.62M$20.07M$18.76M$8.35M$21.70M
Total assets$4.83B$4.73B$5.01B$5.09B$4.86B$4.84B$5.85B$6.55B$6.90B$7.25B
Long-term debt$3.39B$3.48B$3.61B$3.39B$2.57B$2.57B$3.52B$4.05B$4.32B$4.59B
Total debt$3.39B$3.48B$3.61B$3.39B$2.57B$2.57B$3.52B$4.05B$4.32B$4.59B
Total liabilities$3.76B$3.82B$3.95B$3.85B$3.80B$3.78B$3.69B$4.25B$4.53B$4.81B
Shareholders' equity$1.02B$879.70M$862.98M$1.04B$870.97M$851.30M$2.14B$2.23B$2.34B$2.41B

Cash flow

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow$29.49M$101.54M-$24.13M-$45.62M$21.89M$26.92M$64.85M$15.39M$37.85M$47.81M
Capital expenditures$69.81M$37.07M$60.49M———————
Free cash flow-$40.32M$64.48M-$84.62M-$45.62M$21.89M$26.92M$64.85M$15.39M$37.85M$47.81M
Investing cash flow$465.03M$263.07M$778.86M-$398.10M$31.18M-$1.29B-$1.15B-$576.57M-$212.37M-$237.18M
Financing cash flow-$877.65M-$41.48M-$457.94M-$178.63M-$254.98M$1.20B$1.09B$559.53M$144.89M$202.98M
Dividends paid$0$0$12.23M$25.06M$32.66M$35.95M$42.19M$46.04M$50.59M$50.92M
Share buybacks$99.33M$45.93M$8.30M$68.29M$54.56M$122.62M————
Stock-based compensation$10.89M$18.81M$17.56M$30.44M$39.35M$1.75M$1.55M$23.23M$13.76M$12.55M
Depreciation & amortization$54.33M$49.93M$58.70M$58.26M$58.09M$59.29M$5.47M$9.94M$9.95M$8.55M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.