What is Safehold's interest expense noncash?

Safehold (SAFE) reported interest expense noncash of $2.74M in Q3 2024.

How has Safehold's interest expense noncash changed year-over-year?

Safehold's interest expense noncash decreased by 2.0% year-over-year, from $2.8M to $2.74M.

What is the long-term trend for Safehold's interest expense noncash?

Over 2 years (2021 to 2023), Safehold's interest expense noncash has grown at a 13.1% compound annual growth rate (CAGR), from $11.77M to $15.07M.

Safehold (SAFE) Interest Expense Noncash

Screener

Discontinued — last reported Q3 '24

Segments

By segment

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Ground Leases$7.12M—

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 safe:InterestExpenseNoncash.

The source filing: Safehold’s 10-Q, filed October 29, 2024.

Filed: Oct 29, 2024
Fiscal quarter: Q3 FY2024
Calendar quarter: Q3 2024
Accession: 0001095651-24-000028

Line item	For the Nine Months Ended / September 30, 2024	For the Nine Months Ended / September 30, 2023
Stock-based compensation expense	10,125	20,127
Deferred operating lease income	(23,088)	(23,415)
Non-cash interest income from sales-type leases	(67,659)	(62,139)
Non-cash interest expense	9,996	10,216
Amortization of real estate-related intangibles, net	1,732	1,729
Impairment of goodwill	—	145,365
Provision for credit losses	8,447	2,625
Earnings from equity method investments	(18,120)	(16,520)

Item 1. Financial Statements

FAQ

What is Safehold's interest expense noncash?: Safehold (SAFE) reported interest expense noncash of $2.74M in Q3 2024.
How has Safehold's interest expense noncash changed year-over-year?: Safehold's interest expense noncash decreased by 2.0% year-over-year, from $2.8M to $2.74M.
What is the long-term trend for Safehold's interest expense noncash?: Over 2 years (2021 to 2023), Safehold's interest expense noncash has grown at a 13.1% compound annual growth rate (CAGR), from $11.77M to $15.07M.