Safehold Inc. (SAFE)

Safehold Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Rental Revenue	71.06	71.29	66.82	67.67	72.34
Other Revenue	43.87	47.68	10.29	6.8	4.55
Total Revenue	388.66	361.62	279.37	193.29	158.73
Revenue Growth (YoY	7.48%	29.44%	44.53%	21.77%	70.69%
Property Expenses	4.22	4.65	3.11	2.66	2.48
Selling, General & Administrative	54.92	59.07	38.61	28.75	22.73
Depreciation & Amortization	9.95	9.94	9.61	9.56	9.43
Other Operating Expenses	1.98	2.86	0.39	0.87	0.24
Total Operating Expenses	80.56	79.22	51.73	41.85	34.89
Operating Income	308.1	282.39	227.64	151.45	123.84
Interest Expense	-198.04	-165.82	-128.97	-79.71	-64.35
EBT Excluding Unusual Items	110.06	116.57	98.67	71.74	59.49
Merger & Restructuring Charges	-	-23.6	-7.7	-	-
Impairment of Goodwill	-	-145.37	-	-	-
Gain (Loss) on Sale of Assets	-	0.45	55.81	1.83	-
Other Unusual Items	-	-0.9	-2.1	-0.22	-
Pretax Income	110.06	-52.85	144.68	73.36	59.49
Income Tax Expense	3.45	1.72	-	-	-
Earnings From Continuing Operations	106.62	-54.57	144.68	73.36	59.49
Minority Interest in Earnings	-0.85	-0.41	-9.26	-0.23	-0.19
Net Income	105.76	-54.97	135.42	73.12	59.29
Net Income to Common	105.76	-54.97	135.42	73.12	59.29
Net Income Growth	-	-	85.20%	23.32%	114.11%
Basic Shares Outstanding	71	67	62	55	51
Diluted Shares Outstanding	71	67	62	55	51
Shares Change (YoY)	7.14%	6.88%	12.90%	9.01%	63.50%
EPS (Basic)	1.48	-0.82	2.17	1.32	1.17
EPS (Diluted)	1.48	-0.82	2.17	1.32	1.17
EPS Growth	-	-	64.39%	12.84%	31.44%
Dividend Per Share	0.708	0.708	0.701	0.672	0.643
Dividend Growth	-	1.00%	4.28%	4.60%	4.00%
Operating Margin	79.27%	78.09%	81.48%	78.35%	78.02%
Profit Margin	27.21%	-15.20%	48.48%	37.83%	37.35%
EBITDA	320.36	294.63	239.56	163.43	135.92
EBITDA Margin	82.43%	81.48%	85.75%	84.55%	85.63%
D&A For Ebitda	12.26	12.24	11.92	11.99	12.08
EBIT	308.1	282.39	227.64	151.45	123.84
EBIT Margin	79.27%	78.09%	81.48%	78.35%	78.02%
Effective Tax Rate	3.13%	-	-	-	-
Revenue as Reported	365.69	352.58	270.31	187.01	155.43

Updated Feb 6, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.

SEC Filings: 10-K · 10-Q