Safehold (SAFE)
Owns land beneath commercial properties and collects long-term ground-lease cash flows.
$13.47
After hours+0.01 (+0.08%)
At close$13.46(+0.45%)
In millions of USD, except per-share figures
| In millions | Q3 FY23Sep 2023 | Q4 FY23Dec 2023 | Q1 FY24Mar 2024 | Q2 FY24Jun 2024 | Q3 FY24Sep 2024 | Q4 FY24Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 86 | 103 | 93 | 90 | 91 | 92 | 98 | 94 | 96 | 98 | 105 | 115 |
| Cost of revenue | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 6 | 2 | 15 |
| Gross profit | 85 | 102 | 92 | 89 | 90 | 91 | 97 | 93 | 95 | 92 | 103 | 100 |
| 215 | 67 | 68 | 65 | 74 | 68 | 71 | 69 | 70 | 13 | 30 | 72 | |
| 18 | 17 | 16 | 12 | 13 | 14 | 14 | 13 | 13 | 0 | 0 | 15 | |
| Selling & marketing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| General & administrative | 18 | 17 | 16 | 12 | 13 | 14 | 14 | 13 | 13 | 0 | 0 | 14 |
| Other expenses | 197 | 50 | 52 | 53 | 61 | 54 | 57 | 56 | 57 | 13 | 30 | 57 |
| Operating income | −130 | 35 | 25 | 24 | 16 | 23 | 25 | 24 | 25 | 79 | 73 | 28 |
| 7 | 8 | 7 | 6 | 5 | 5 | 5 | 5 | 5 | −50 | −43 | 4 | |
| Interest income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 76 | 78 | 0 |
| Interest expense | 47 | 48 | 49 | 49 | 50 | 50 | 50 | 51 | 52 | 52 | 53 | 55 |
| Other non-operating income | −54 | −55 | −56 | −56 | −55 | −55 | −55 | −56 | −57 | −2 | −10 | −55 |
| Income before tax | −123 | 43 | 32 | 30 | 21 | 27 | 30 | 29 | 30 | 29 | 30 | 32 |
| Income tax expense | 0 | 1 | 0 | 1 | 1 | 1 | 1 | 1 | 0 | 1 | 1 | 1 |
| Net income from continuing operations | −123 | 41 | 31 | 30 | 20 | 26 | 29 | 28 | 29 | 28 | 29 | 31 |
| Net income | −123 | 41 | 31 | 30 | 19 | 26 | 29 | 28 | 29 | 28 | 29 | 30 |
| EPS, basic | −$1.81 | $0.58 | $0.43 | $0.42 | $0.27 | $0.36 | $0.41 | $0.39 | $0.41 | $0.39 | $0.40 | $0.42 |
| EPS, diluted | −$1.81 | $0.58 | $0.43 | $0.42 | $0.27 | $0.36 | $0.41 | $0.39 | $0.41 | $0.39 | $0.40 | $0.42 |
| Weighted average shares, basic | 68 | 71 | 71 | 71 | 71 | 71 | 72 | 72 | 72 | 72 | 72 | 72 |
| Weighted average shares, diluted | 68 | 71 | 71 | 71 | 72 | 71 | 72 | 72 | 72 | 72 | 72 | 72 |
| EBITDA | −73 | 93 | 83 | 83 | 74 | 81 | 83 | 83 | 84 | 84 | 85 | 86 |
| Depreciation & amortization | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 2 | 2 | 2 | 2 |
| EBIT | −76 | 90 | 80 | 80 | 71 | 78 | 81 | 80 | 82 | 81 | 83 | 83 |
