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Safehold SAFE Ground Leases — Interest Income Operating

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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:InterestIncomeOperating.

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 itemGround / LeasesHotel / OperationsTotal
Interest income from sales-type leases$75,034$75,034
Operating lease income20,15620,156
Hotel revenues9,8649,864
Interest income3,1093,109
Other income2,6912,691
Total revenues100,9909,864110,854
Costs and expenses and other items:
Interest expense - cash(46,392)

Item 1. Financial Statements

FAQ

What is Safehold's ground leases — interest income operating?
Safehold (SAFE) reported ground leases — interest income operating of $3.11M in Q1 2026.
What does ground leases — interest income operating mean?
Reflects the interest income earned from operating activities related to the ground lease segment, excluding income from sales-type leases. This metric highlights the yield generated from lending or financing arrangements tied to the underlying land assets. It is essential for assessing the segment's ability to generate consistent interest-based returns from its core portfolio.

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