What is Safehold's ground leases — interest expense cash?

Safehold (SAFE) reported ground leases — interest expense cash of $46.39M in Q1 2026.

What does ground leases — interest expense cash mean?

Measures the actual cash outflows incurred for interest payments related to debt financing specifically allocated to the ground lease segment. This metric is critical for evaluating the segment's liquidity requirements and the cost of capital used to fund its asset base. It highlights the cash-basis debt service burden associated with maintaining the ground lease portfolio.

Safehold SAFE Ground Leases — Interest Expense Cash

Similar metrics at other companies

PEBNon-cash ground rent

$2.35M-4.2%

WLFCLeasing and Related Operations — Interest Expense

$32.63M+1.7%

REXFinance Lease Interest Expense

$55K—

SCSCFinance Lease Interest Expense

$14K-33.3%

ELFCash paid for interest on finance leases

$0—

VMCFinance Lease Interest

$100K-50.0%

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+2.4%

Enterprise value$5.81B+6.9%

P/E9.9×-0.6×

P/S2.8×-0.1×

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:InterestExpenseCash.

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 ground leases — interest expense cash?: Safehold (SAFE) reported ground leases — interest expense cash of $46.39M in Q1 2026.
What does ground leases — interest expense cash mean?: Measures the actual cash outflows incurred for interest payments related to debt financing specifically allocated to the ground lease segment. This metric is critical for evaluating the segment's liquidity requirements and the cost of capital used to fund its asset base. It highlights the cash-basis debt service burden associated with maintaining the ground lease portfolio.