← Safehold Inc.

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Total Revenue $477.0m $679.2m $798.1m $479.5m $530.9m $308.6m $158.1m $352.6m $365.7m $385.6m
Revenues:
Cost of Revenue $357.8m $509.4m $598.6m $359.6m $398.2m $231.5m $118.5m $4.7m $4.2m $4.8m
Gross Profit (Calculated) (derived) $119.3m $169.8m $199.5m $119.9m $132.7m $77.2m $39.5m $347.9m $361.5m $380.8m
Operating expenses:
Operating Income (Loss) — — — — — — — ($77.1m) $87.1m $100.9m
Additional Financial Items
Income (Loss) from Equity Method Investments $77.3m $13.0m ($5.0m) $41.8m $42.1m $154.3m $58.7m $24.2m $23.0m $18.9m
Operating Lease, Lease Income $213.0m $187.7m — — — $67.7m $66.8m $71.3m $71.1m $72.1m
Amortization of Intangible Assets $1.9m $1.9m $7.2m $9.6m $10.5m $1.0m $100k — — —
Foreign Currency Transaction Gain (Loss), before Tax $100k $200k — — — — — — — —
Goodwill, Impairment Loss — — — — — — — $145.4m — —
Income (Loss) from Continuing Operations, Per Basic Share $1 ($0) ($1) $5 ($1) ($0) ($3) ($1) $1 $2
Income (Loss) from Continuing Operations, Per Diluted Share $1 ($0) ($1) $4 — ($0) ($3) — — —
Interest Income, Operating — — — — — — — $7.1m $9.5m $11.2m
Other Income $46.5m $188.1m — — — $523k $1.2m $38.6m $20.9m $16.2m
Preferred Stock Dividends and Other Adjustments — — — — — — $23.5m — — —
Preferred Stock Dividends, Income Statement Impact $51.3m $64.8m $32.5m $32.5m $23.5m $23.5m $23.5m — — —
Sales-type Lease, Selling Profit (Loss) — — — $180.4m $0 $25.0m — — — —
Undistributed Earnings (Loss) Allocated to Participating Securities, Basic $14k — — — — — — — — —
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest ($15.3m) ($41.1m) ($17.5m) $334.8m ($30.6m) $16.5m ($196.7m) ($52.8m) $110.1m $117.6m
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest ($5.1m) ($40.2m) ($18.3m) $334.3m $11.6m $16.6m ($197.3m) $408k $852k $161k
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest $4.9m $4.5m $13.9m $10.3m $11.6m $121.5m $797.7m $408k $852k $161k
Net Income (Loss) from Continuing Operations Available to Common Shareholders, Basic $0 ($17.4m) ($64.8m) $291.5m ($65.9m) ($6.8m) ($220.8m) ($55.0m) $105.8m $114.5m
Net Income (Loss) Attributable to Parent $95.3m $175.7m ($32.3m) $324.0m ($42.4m) $132.5m $421.3m ($55.0m) $105.8m $114.5m
Net Income (Loss) Available to Common Stockholders, Basic $44.0m $110.9m ($64.8m) $291.5m ($65.9m) $109.0m $397.8m ($55.0m) $105.8m $114.5m
Net Income (Loss) Attributable to Noncontrolling Interest $4.9m $4.5m $13.9m $10.3m $11.6m ($75k) $9.3m $408k $852k $161k
Earnings Per Share, Basic $0.60 $1.56 ($0.95) $4.51 ($0.87) $1.51 $4.92 ($0.82) $1.48 $1.60
Earnings Per Share, Diluted $0.55 $1.56 ($0.95) $3.73 ($0.87) $1.51 $4.92 ($0.82) $1.48 $1.59
Common Stock, Dividends, Per Share, Declared $0.60 $1.56 $0.18 $0.39 $0.43 $0.48 $0.38 $0.71 $0.71 $0.71
Weighted Average Number of Shares Outstanding, Basic 73.5m 71.0m 68.0m 64.7m 75.7m 71.8m 80.7m 66.7m 71.4m 71.7m
Weighted Average Number of Shares Outstanding, Diluted 98.5m 71.0m 68.0m 80.7m 75.7m 71.8m 80.7m 66.7m 71.5m 71.8m
General and Administrative Expense $84.0m $98.9m $92.1m $98.6m $100.9m $131.7m $21.3m $68.6m $54.9m $54.3m
Interest Expense $221.4m $194.7m $183.8m $183.9m $169.6m $115.4m $98.1m $181.0m $198.0m $206.7m
Interest Expense Operating — — — — — — — — $198.0m $206.7m
Management Fee Expense — — — — — — — $5.2m — —
Operating Lease, Expense — — — — $5.4m $5.2m $5.2m — — —
Other Expenses $5.9m $21.0m $6.0m $13.1m $569k $8.1m $8.9m $17.9m $2.0m $3.8m
Income Tax Expense (Benefit) ($10.2m) ($948k) $815k $438k $235k ($118k) $567k $1.7m $3.4m $2.9m

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.