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Safehold SAFE Interest Expense Noncash Accretion

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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$1.13B+2.1%
Enterprise value$5.81B+6.9%
P/E9.9×-0.7×
P/S2.8×-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:InterestExpenseNoncashAccretion.

The official record: Safehold’s 10-Q, filed May 1, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Safehold's interest expense noncash accretion?
Safehold (SAFE) reported interest expense noncash accretion of $2.67M in Q1 2026.
How has Safehold's interest expense noncash accretion changed year-over-year?
Safehold's interest expense noncash accretion decreased by 1.8% year-over-year, from $2.72M to $2.67M.
What is the long-term trend for Safehold's interest expense noncash accretion?
Over 3 years (2022 to 2025), Safehold's interest expense noncash accretion has grown at a 0.8% compound annual growth rate (CAGR), from $13.64M to $13.99M.
What does interest expense noncash accretion mean?
This reflects the non-cash interest expense recognized due to the accretion of debt discounts or the amortization of premiums on financial obligations. It adjusts net income to reflect the true cash interest burden by removing the accounting impact of debt issuance costs or market-based adjustments. This helps analysts isolate the actual cash interest paid on outstanding debt instruments.