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Safehold SAFE Ground Leases — Public Company And Other Costs

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GLPILand rights and ground lease expense
$13.8M+1.8%
Xenia Hotels & Resorts logo
XHRReportable Segment — Ground lease expense
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ESRTGround rent expenses
$2.33M0.0%
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CDPGeneral and Administrative, Leasing, and Other Expenses Paid
$13.29M+0.4%
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PEBNon-cash ground rent
$2.35M-4.2%
DJT
DJTLease Cost
$324.3K+4.7%

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:PublicCompanyAndOtherCosts.

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 — public company and other costs?
Safehold (SAFE) reported ground leases — public company and other costs of $11.52M in Q1 2026.
What does ground leases — public company and other costs mean?
Includes administrative, overhead, and general corporate expenses allocated to the ground lease segment to account for its share of public company reporting and operational support costs. This metric provides insight into the segment's fully burdened cost structure beyond direct operating expenses. It is useful for assessing the segment's contribution to the company's overall profitability after accounting for shared corporate overhead.