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

Safehold (SAFE) reported ground leases — interest expense noncash of $7.12M in Q1 2026.

What does ground leases — interest expense noncash mean?

Represents non-cash interest expenses, such as the amortization of debt discounts or premiums, associated with the ground lease segment's financing. While these do not impact immediate cash flow, they are essential for understanding the true economic cost of debt and the segment's long-term financial structure. This metric is used to reconcile accounting profit with cash-based performance.

Safehold SAFE Ground Leases — Interest Expense Noncash

Similar metrics at other companies

PEBNon-cash ground rent

$2.35M-4.2%

XHRNon-cash ground rent and amortization of other intangibles

$1K-85.7%

LUCKNon-cash interest expense on finance lease obligation

$2.82M+14.2%

FIVNNon-cash interest expense

$187K-29.7%

DAVENon Cash Lease Expense

$0+100%

SVCNet Lease — Interest Expense, Nonoperating

$15.79M+30.2%

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

See full

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$1.13B+2.4%

Enterprise value$5.81B+6.9%

P/E9.9×-0.6×

P/S2.8×-0.1×

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 safe:InterestExpenseNoncash.

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 noncash?: Safehold (SAFE) reported ground leases — interest expense noncash of $7.12M in Q1 2026.
What does ground leases — interest expense noncash mean?: Represents non-cash interest expenses, such as the amortization of debt discounts or premiums, associated with the ground lease segment's financing. While these do not impact immediate cash flow, they are essential for understanding the true economic cost of debt and the segment's long-term financial structure. This metric is used to reconcile accounting profit with cash-based performance.