Safehold Inc.
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | $385.6M | $365.7M | $352.6M | $270.3M | $187.0M | $324.1M | $273.7M |
| Cost of Revenue | — | $4.8M | $4.2M | $4.7M | $3.1M | $2.7M | — | — |
| Gross Profit | — | $380.8M | $361.5M | $347.9M | $267.2M | $184.4M | — | — |
| Gross Margin | — | 98.8% | 98.8% | 98.7% | 98.8% | 98.6% | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | — | $54.3M | $54.9M | $68.6M | $38.6M | $28.8M | $100.9M | $98.6M |
| Operating Income | — | $100.9M | $87.1M | $-77.1M | $135.6M | $65.5M | $10.6M | $-13.5M |
| Operating Margin | — | 26.2% | 23.8% | -21.9% | 50.2% | 35.0% | 3.3% | -4.9% |
| Interest Expense | — | — | — | $181.0M | $129.0M | $79.7M | $126.8M | $141.7M |
| Pretax Income | — | $117.6M | $110.1M | $-52.8M | $144.7M | $73.4M | $-116.2M | $-155.2M |
| Income Tax Expense | — | $2.9M | $3.4M | $1.7M | $567.0K | $-118.0K | $89.0K | $369.0K |
| Net Income | — | $114.5M | $105.8M | $-55.0M | $135.4M | $73.1M | $-42.4M | $324.0M |
| Net Margin | — | 29.7% | 28.9% | -15.6% | 50.1% | 39.1% | -13.1% | 118.4% |
| EPS (Basic) | — | $1.60 | $1.48 | $-0.82 | $2.17 | $1.32 | $-0.87 | $4.51 |
| EPS (Diluted) | — | $1.59 | $1.48 | $-0.82 | $2.17 | $1.32 | $-0.87 | $4.51 |
| Shares Outstanding (Basic) | 71.8M | 71.7M | 71.4M | 66.7M | 62.4M | 55.3M | 75.7M | 64.7M |
| Shares Outstanding (Diluted) | 71.8M | 71.8M | 71.5M | 66.7M | 62.4M | 55.3M | 75.7M | 64.7M |
| Dividends Per Share | — | $0.71 | $0.71 | $0.71 | $0.70 | $0.67 | $0.43 | $0.39 |