Safehold Inc. (SAFE)

Safehold Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Rental Revenue	71.46	71.06	71.29	66.82	67.67	72.34
Other Revenue	36.23	43.87	47.68	10.29	6.8	4.55
Total Revenue	393.6	388.66	361.62	279.37	193.29	158.73
Revenue Growth (YoY	2.22%	7.48%	29.44%	44.53%	21.77%	70.69%
Property Expenses	4.14	4.22	4.65	3.11	2.66	2.48
Selling, General & Administrative	54.1	54.92	59.07	38.61	28.75	22.73
Depreciation & Amortization	9.29	9.95	9.94	9.61	9.56	9.43
Other Operating Expenses	2.15	1.98	2.86	0.39	0.87	0.24
Total Operating Expenses	82.48	80.56	79.22	51.73	41.85	34.89
Operating Income	311.11	308.1	282.39	227.64	151.45	123.84
Interest Expense	-202	-198.04	-165.82	-128.97	-79.71	-64.35
EBT Excluding Unusual Items	109.12	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	107.22	110.06	-52.85	144.68	73.36	59.49
Income Tax Expense	3.81	3.45	1.72	-	-	-
Earnings From Continuing Operations	103.41	106.62	-54.57	144.68	73.36	59.49
Minority Interest in Earnings	-0.73	-0.85	-0.41	-9.26	-0.23	-0.19
Net Income	102.68	105.76	-54.97	135.42	73.12	59.29
Net Income to Common	102.68	105.76	-54.97	135.42	73.12	59.29
Net Income Growth	-	-	-	85.20%	23.32%	114.11%
Basic Shares Outstanding	72	71	67	62	55	51
Diluted Shares Outstanding	72	71	67	62	55	51
Shares Change (YoY)	1.70%	7.14%	6.88%	12.90%	9.01%	63.50%
EPS (Basic)	1.44	1.48	-0.82	2.17	1.32	1.17
EPS (Diluted)	1.43	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	0.708	0.701	0.672	0.643
Dividend Growth	-	-	1.00%	4.28%	4.60%	4.00%
Operating Margin	79.04%	79.27%	78.09%	81.48%	78.35%	78.02%
Profit Margin	26.09%	27.21%	-15.20%	48.48%	37.83%	37.35%
EBITDA	322.72	320.36	294.63	239.56	163.43	135.92
EBITDA Margin	81.99%	82.43%	81.48%	85.75%	84.55%	85.63%
D&A For Ebitda	11.6	12.26	12.24	11.92	11.99	12.08
EBIT	311.11	308.1	282.39	227.64	151.45	123.84
EBIT Margin	79.04%	79.27%	78.09%	81.48%	78.35%	78.02%
Effective Tax Rate	3.55%	3.13%	-	-	-	-
Revenue as Reported	374.1	365.69	352.58	270.31	187.01	155.43

Updated May 7, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.

SEC Filings: 10-K · 10-Q