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Safehold SAFE Operating Income

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Other financials

Income statement

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Revenue$110.9M+13.5%
Gross profit$109.5M+13.5%
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:OperatingIncomeLoss.

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
Provision for (recovery of) credit losses4982,296
Other expense6382,168
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

Item 1. Financial Statements

FAQ

What is Safehold's operating income?
Safehold (SAFE) reported operating income of $25.55M in Q1 2026.
How has Safehold's operating income changed year-over-year?
Safehold's operating income increased by 1.0% year-over-year, from $25.3M to $25.55M.
What is the long-term trend for Safehold's operating income?
Over 3 years (2021 to 2025), Safehold's operating income has grown at a 15.5% compound annual growth rate (CAGR), from $65.46M to $100.9M.
What does operating income mean?
Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

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