Safehold Inc. (SAFE) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
1114 AVENUE OF THE AMERICAS NEW YORK, NY 10036 |
| State of Incorp. | |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6798 - Real Estate Investment Trusts (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)Annual | Quarterly
| 12/31/2024 Q4 | 9/30/2024 Q3 | 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 15,579 | 13,418 | 11,284 | 18,761 | 11,483 | 14,281 | |||
| Cash and cash equivalent | 15,579 | 13,418 | 11,284 | 18,761 | 11,483 | 14,281 | |||
| Deferred costs | 11,488 | 31,579 | 35,418 | 13,210 | 15,619 | 16,046 | |||
| Total current assets: | 27,067 | 44,997 | 46,702 | 31,971 | 27,102 | 30,327 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 30,801 | 31,874 | 32,929 | 33,964 | 34,981 | 36,015 | |||
| Property, plant and equipment | 718 | 801 | 889 | 979 | 1,078 | 1,187 | |||
| Long-term investments and receivables | 246,310 | 243,302 | 275,295 | 310,320 | 287,118 | 267,206 | |||
| Long-term investments | 246,310 | 243,302 | 275,295 | 310,320 | 287,118 | 267,206 | |||
| Intangible assets, net (including goodwill) | 210,399 | 210,988 | 212,657 | 211,113 | 212,771 | 363,951 | |||
| Goodwill | 149,505 | ||||||||
| Intangible assets, net (excluding goodwill) | 210,399 | 210,988 | 212,657 | 211,113 | 212,771 | 214,446 | |||
| Deferred income tax assets | 6,706 | 6,607 | 6,744 | 7,619 | 7,173 | 6,228 | |||
| Total noncurrent assets: | 494,934 | 493,572 | 528,514 | 563,995 | 543,121 | 674,587 | |||
| Other undisclosed assets | 6,292,919 | 6,230,397 | 6,098,323 | 5,952,348 | 5,872,968 | 5,714,147 | |||
| TOTAL ASSETS: | 6,814,920 | 6,768,966 | 6,673,539 | 6,548,314 | 6,443,191 | 6,419,061 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Noncurrent Liabilities | |||||||||
| Other undisclosed liabilities | 4,497,404 | 4,386,507 | 4,325,017 | 4,252,638 | 4,124,776 | 4,166,308 | |||
| Total liabilities: | 4,497,404 | 4,386,507 | 4,325,017 | 4,252,638 | 4,124,776 | 4,166,308 | |||
| Temporary equity, including noncontrolling interest | 19,011 | 19,011 | 19,011 | 19,011 | |||||
| Equity | |||||||||
| Equity, attributable to parent | 2,287,820 | 2,312,904 | 2,283,473 | 2,231,253 | 2,264,327 | 2,199,262 | |||
| Common stock | 714 | 714 | 714 | 711 | 710 | 639 | |||
| Additional paid in capital | 2,190,240 | 2,191,354 | 2,190,671 | 2,184,299 | 2,183,034 | 2,034,678 | |||
| Accumulated other comprehensive income (loss) | 7,691 | 38,239 | 26,458 | (1,337) | 61,459 | 9,119 | |||
| Retained earnings | 89,175 | 82,597 | 65,630 | 47,580 | 19,124 | 154,826 | |||
| Equity, attributable to noncontrolling interest | 29,696 | 69,555 | 46,038 | 45,412 | 35,077 | 34,480 | |||
| Total equity: | 2,317,516 | 2,382,459 | 2,329,511 | 2,276,665 | 2,299,404 | 2,233,742 | |||
| TOTAL LIABILITIES AND EQUITY: | 6,814,920 | 6,768,966 | 6,673,539 | 6,548,314 | 6,443,191 | 6,419,061 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 12/31/2024 Q4 | 9/30/2024 Q3 | 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 90,705 | 89,895 | 93,213 | 103,027 | 85,561 | 85,661 | ||
| Sales-type lease, interest income | 67,120 | 65,235 | 63,218 | 61,153 | 59,130 | 58,158 | ||
| Operating lease, lease income | 16,650 | 16,691 | 21,003 | 16,921 | 16,715 | 16,750 | ||
| Other income | 4,551 | 5,612 | 6,635 | 22,572 | 7,335 | 8,372 | ||
| Cost of revenue | (59,231) | (51,133) | (50,510) | (49,372) | (50,059) | (48,389) | ||
| Gross profit: | 31,474 | 38,762 | 42,703 | 53,655 | 35,502 | 37,272 | ||
| Operating expenses | (15,600) | (14,766) | (18,115) | (19,218) | (165,744) | (21,443) | ||
| Other operating expense, net (Other Expenses) | (1,111) | (359) | (91) | (330) | (2,169) | (1,274) | ||
| Other undisclosed operating income | 1,111 | 359 | 91 | 777 | 2,169 | 1,274 | ||
| Operating income (loss): | 15,874 | 23,996 | 24,588 | 34,884 | (130,242) | 15,829 | ||
| Interest and debt expense | (49,961) | (49,107) | (48,631) | (47,529) | (46,553) | (46,055) | ||
| Other undisclosed income from continuing operations before equity method investments, income taxes | ||||||||
| Income (loss) from continuing operations before equity method investments, income taxes: | (34,087) | (25,111) | (24,043) | (12,645) | (176,795) | (30,226) | ||
| Income from equity method investments | 4,739 | 6,469 | 6,912 | 7,709 | 7,451 | 6,807 | ||
| Other undisclosed income (loss) from continuing operations before income taxes | 49,961 | 49,107 | 48,631 | 47,529 | 46,553 | 46,055 | ||
| Income (loss) from continuing operations before income taxes: | 20,613 | 30,465 | 31,500 | 42,593 | (122,791) | 22,636 | ||
| Income tax expense | (660) | (910) | (471) | (1,139) | (55) | (525) | ||
| Net income (loss): | 19,953 | 29,555 | 31,029 | 41,454 | (122,846) | 22,111 | ||
| Net income (loss) attributable to noncontrolling interest | (622) | 110 | (301) | (270) | (123) | 19 | ||
| Net income (loss) available to common stockholders, diluted: | 19,331 | 29,665 | 30,728 | 41,184 | (122,969) | 22,130 | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 12/31/2024 Q4 | 9/30/2024 Q3 | 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 19,953 | 29,555 | 31,029 | 41,454 | (122,846) | 22,111 | ||
| Other comprehensive income (loss) | (30,548) | 11,781 | 27,795 | (62,796) | 52,340 | 33,319 | ||
| Comprehensive income (loss): | (10,595) | 41,336 | 58,824 | (21,342) | (70,506) | 55,430 | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (622) | 110 | (301) | (270) | (123) | 19 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (11,217) | 41,446 | 58,523 | (21,612) | (70,629) | 55,449 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.