Safehold Inc. (SAFE) financial statements (2023 and earlier)

Company profile

Business Address 1114 AVENUE OF THE AMERICAS
NEW YORK, NY 10036
State of Incorp. MD
Fiscal Year End December 31
SIC 6519 - Lessors of Real Property, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments30572316 
Cash and cash equivalents30572316 
Deferred costs32120
Total current assets:335924190
Noncurrent Assets
Operating lease, right-of-use asset272930
Property, plant and equipment548559495478221
Long-term investments and receivables173130128  
Long-term investments173130128  
Intangible assets, net (including goodwill)224242243263139
Intangible assets, net (excluding goodwill)224242243263139
Total noncurrent assets:973960895740359
Other undisclosed assets3,5102,1911,648221 
TOTAL ASSETS:4,5163,2092,567980360
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities2,8311,8281,473622 
Total liabilities:2,8311,8281,473622 
Stockholders' equity
Stockholders' equity attributable to parent1,6821,3791,092355 
Common stock1100 
Additional paid in capital1,6631,4121,133371 
Accumulated other comprehensive loss(41)(57)(39)(7) 
Retained earnings (accumulated deficit)5924(2)(8) 
Stockholders' equity attributable to noncontrolling interest3212 
Total stockholders' equity:1,6851,3811,093357 
TOTAL LIABILITIES AND EQUITY:4,5163,2092,567980 

Income statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues187155934 
Sales-type lease, interest income1198219
Operating lease, lease income687272
Operating leases, income statement, lease revenue4
Cost of revenue(83)(67)(33)  
Gross profit:10488604 
Operating expenses(38)(32)(24)  
Other operating expense, net
(Other Expenses)
(1)(0)(1)  
Other undisclosed operating income10   
Operating income:6556354 
Nonoperating income (expense)
(gain on Contract Termination)
   2 
Interest and debt expense(80)(64)(30)  
Income (loss) from continuing operations before equity method investments, income taxes:(14)(8)55 
Income from equity method investments63   
Income (loss) from continuing operations:(8)(5)55 
Other undisclosed income before gain (loss) on sale of properties  31  
Income (loss) before gain (loss) on sale of properties:(8)(5)365 
Other undisclosed net income (loss)8264(2)7 
Net income:73593412 
Net loss attributable to noncontrolling interest(0)(0)(6)(0) 
Net income available to common stockholders, diluted:73592812 

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:73593412 
Other comprehensive income (loss)16(18)(32)  
Comprehensive income:9041112 
Comprehensive loss, net of tax, attributable to noncontrolling interest(0)(0)(2)(0) 
Comprehensive income (loss), net of tax, attributable to parent:9041(1)12 

Statements sources

The financial statements are based on the company's filings with the 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.

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