What is Safehold's hotel operations — D&A?

Safehold (SAFE) reported hotel operations — D&A of $612K in Q1 2026.

What does hotel operations — D&A mean?

This metric represents the non-cash expense allocated to the wear and tear of hotel properties and the amortization of related intangible assets over their useful lives. It reflects the capital intensity of the hotel operations segment and the ongoing investment required to maintain asset quality. Understanding this charge is critical for reconciling accounting earnings with the actual cash-generating potential of the hotel assets.

Safehold SAFE Hotel Operations — D&A

Other segment segments

Ground Leases

$1.24M—

Similar metrics at other companies

SHO

SHOHotel Ownership — D&A

-$33.63M-8.0%

DRHHotel ownership — D&A

$28.54M+2.3%

SVCHotels — D&A

$42.91M-20.2%

JOEHospitality — D&A

$7.02M-2.0%

RHP

RHPHospitality — D&A

$66.01M+22.0%

PEBD&A

$51.98M-9.7%

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 us-gaap:DepreciationAndAmortization.

The official record: Safehold’s 10-Q, filed May 1, 2026, on SEC EDGAR. View the filing →

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What is Safehold's hotel operations — D&A?: Safehold (SAFE) reported hotel operations — D&A of $612K in Q1 2026.
What does hotel operations — D&A mean?: This metric represents the non-cash expense allocated to the wear and tear of hotel properties and the amortization of related intangible assets over their useful lives. It reflects the capital intensity of the hotel operations segment and the ongoing investment required to maintain asset quality. Understanding this charge is critical for reconciling accounting earnings with the actual cash-generating potential of the hotel assets.