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

Screener

Other segment segments

Ground Leases

$1.24M—

Similar metrics at other companies

SHO

SHOHotel Ownership — D&A

-$33.63M-8.0%

BHRDirect Hotel Investments — D&A

$22.58M-3.5%

MCSHotels/Resorts — D&A

$7.27M+7.7%

SVCHotels — D&A

$43.72M+13.7%

DDSRetail Operations — D&A

$43.21M-2.7%

JYNTFranchise Operations — D&A

$422.86K+5.1%

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

See full

Market cap$1.15B+14.8%

Enterprise value$5.84B+7.2%

P/E10.1×+0.3×

P/S2.9×+0.2×

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 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 item	Ground / Leases	Hotel / Operations
Interest expense - cash	(46,392)	—
Interest expense - non-cash	(7,123)	—
Hotel expenses	—	(12,195)
Depreciation and amortization	(1,236)	(612)
General and administrative - public company costs(1)	(11,524)	—
General and administrative - stock-based compensation(1)	(3,779)	—
(Provision for) recovery of credit losses	(498)	—
Earnings (losses) from equity method investments	4,035	—

Item 1. Financial Statements

FAQ

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.