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Safehold SAFE Pre-Tax Income

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Segments

By segment

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Ground Leases$32.77M
Hotel Operations-$3.19M

Other financials

Income statement

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Revenue$110.9M+13.5%
Gross profit$109.5M+13.5%
Operating income$25.5M+1.0%
Net income$28.9M-1.7%
EPS (diluted)$0.40-2.4%

Balance sheet

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Cash & equivalents$19.3M+11.6%
Total debt$4.7B+8.1%
Total equity$2.4B+3.3%
Total assets$7.4B+6.5%

Cash flow

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Operating cash flow-$8.6M-197%

Valuation

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Market cap$1.15B+14.8%
Enterprise value$5.84B+7.2%
P/E10.1×+0.3×
P/S2.9×+0.2×

Profitability

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Gross margin98.8%-0.1pp
Operating margin25.4%+1.6pp
Net margin28.6%+0.4pp
FCF margin-13.2%

Returns & leverage

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Return on equity4.8%+0.3pp
Debt / equity1.9×+0.1×

Where this comes from

Reported directly by Safehold in its filing.

Tagged under the XBRL concept us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest.

The source filing: Safehold’s 10-Q, filed May 1, 2026.

Filed
Apr 30, 2026, 8:00 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001095651-26-000017
Line itemFor the Three Months Ended / March 31, 2026For the Three Months Ended / March 31, 2025
Total costs and expenses85,30772,376
Income (loss) from operations before other items25,54725,301
Earnings (losses) from equity method investments4,0354,992
Net income (loss) before income taxes29,58230,293
Income tax expense(685)(883)
Net income (loss)28,89729,410
Net (income) loss attributable to noncontrolling interests(36)(46)
Net income (loss) attributable to Safehold Inc. common shareholders$28,861$29,364

Item 1. Financial Statements

FAQ

What is Safehold's pre-tax income?
Safehold (SAFE) reported pre-tax income of $29.58M in Q1 2026.
How has Safehold's pre-tax income changed year-over-year?
Safehold's pre-tax income decreased by 2.3% year-over-year, from $30.29M to $29.58M.
What is the long-term trend for Safehold's pre-tax income?
Over 3 years (2021 to 2025), Safehold's pre-tax income has grown at a 17.0% compound annual growth rate (CAGR), from $73.36M to $117.56M.
What does pre-tax income mean?
Total income from all sources — operating income plus non-operating items like interest income, investment gains, and other income — before the provision for income taxes.

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