What is Safehold's ground leases — D&A?

Safehold (SAFE) reported ground leases — D&A of $1.24M in Q1 2026.

What does ground leases — D&A mean?

Captures the periodic allocation of the cost of tangible and intangible assets within the ground lease segment over their useful lives. This non-cash expense reflects the wear and tear or expiration of assets that support the segment's operations. It is a key adjustment factor when calculating the segment's EBITDA or cash flow from operations.

Safehold (SAFE) Ground Leases — D&A

Screener

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Hotel Operations

$612K—

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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$1.15B+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:DepreciationAndAmortization.

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 item	Ground / Leases	Hotel / Operations
Interest expense - cash	(46,392)	—
Interest expense - non-cash	(7,123)	—
Hotel expenses	—	(12,195)
Depreciation and amortization	(1,236)	(612)
General and administrative - public company costs(1)	(11,524)	—
General and administrative - stock-based compensation(1)	(3,779)	—
(Provision for) recovery of credit losses	(498)	—
Earnings (losses) from equity method investments	4,035	—

Item 1. Financial Statements

FAQ

What is Safehold's ground leases — D&A?: Safehold (SAFE) reported ground leases — D&A of $1.24M in Q1 2026.
What does ground leases — D&A mean?: Captures the periodic allocation of the cost of tangible and intangible assets within the ground lease segment over their useful lives. This non-cash expense reflects the wear and tear or expiration of assets that support the segment's operations. It is a key adjustment factor when calculating the segment's EBITDA or cash flow from operations.