What is Safehold's management fees?

Safehold (SAFE) reported management fees of $5.2M in Q1 2023.

How has Safehold's management fees changed year-over-year?

Safehold's management fees increased by 16.6% year-over-year, from $4.46M to $5.2M.

What does management fees mean?

This represents the cash or accrued costs paid to external or internal managers for the oversight and administration of investment portfolios or real estate assets. It reflects the operational cost of managing the company's capital and assets under management. High management fees relative to assets can indicate higher operational overhead or reliance on external expertise.

Safehold SAFE Management fees

Management fees at other companies

American Assets TrustAAT

$591K+2.1%

Blue Owl Technology Finance Corp.OTF

$53.91M+240%

EFC

Ellington Financial Inc.EFC

$7.1M+16.6%

Bain Capital Specialty FinanceBCSF

$9.09M+0.2%

Prospect CapitalPSEC

$32.3M-9.2%

MidCap Financial Investment CorporationMFIC

$5.64M-6.9%

Other financials

Income statement

See full

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

See full

Operating cash flow-$8.6M-197%

Valuation

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Market cap$1.12B+2.1%

Enterprise value$5.81B+6.9%

P/E9.9×-0.7×

P/S2.8×-0.2×

Profitability

See full

Gross margin98.8%-0.1pp

Operating margin25.4%+1.6pp

Net margin28.6%+0.4pp

FCF margin-13.2%—

Returns & leverage

See full

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:ManagementFeeExpense.

The official record: Safehold’s 10-Q, filed May 7, 2024, on SEC EDGAR. View the filing →

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Questions, answered.

What is Safehold's management fees?: Safehold (SAFE) reported management fees of $5.2M in Q1 2023.
How has Safehold's management fees changed year-over-year?: Safehold's management fees increased by 16.6% year-over-year, from $4.46M to $5.2M.
What does management fees mean?: This represents the cash or accrued costs paid to external or internal managers for the oversight and administration of investment portfolios or real estate assets. It reflects the operational cost of managing the company's capital and assets under management. High management fees relative to assets can indicate higher operational overhead or reliance on external expertise.