Safehold (SAFE) Accumulated Expenses (2009 - 2026)
Safehold (SAFE) recorded Accumulated Expenses of $23.72 million in Q3 2026, up 71.8% from $13.8 million a year earlier and up 12.6% from the prior quarter.
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Analysis
Safehold (SAFE) Accumulated Expenses (2009 - 2026) Analysis & Trends
At the end of FY2025, Safehold reported Accumulated Expenses of $19.09 million, up 16.7% from FY2024.
- Annual Accumulated Expenses has a five-year compound annual growth rate of -27.4% (FY2020 to FY2025).
- Across earlier years, Accumulated Expenses came in at $16.35 million in FY2024 (-15.2%), $19.27 million in FY2023 (+255.6%) and $5.42 million in FY2022.
- The Q3 2026 figure is the highest quarterly Accumulated Expenses since Q2 2021.
- On a year-over-year basis, Accumulated Expenses has increased for six consecutive quarters, with growth averaging 41.3% over the last eight quarters.
- Peak year-over-year performance for Accumulated Expenses in the last five years was growth of 255.6% in Q4 2023, against a decline of 60.6% in Q1 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at $21.07 million (Q2 2026), $16.36 million (Q1 2026) and $19.09 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Welltower | 179.36 Bn | 166.43 Bn | 1.47 Bn |
| 2 | Prologis | 122.34 Bn | 120.73 Bn | - |
| 3 | Simon Property | 79.95 Bn | 78.05 Bn | - |
| 4 | Public Storage | 62.14 Bn | 61.58 Bn | 112.08 Mn |
| 5 | Realty Income | 55.95 Bn | 57.33 Bn | - |
| 6 | Ventas | 47.02 Bn | 46.18 Bn | -3.39 Bn |
| 7 | Ryman Hospitality Properties | 46.62 Bn | 45.46 Bn | 266.41 Mn |
| 8 | Vivmark Residential | 37.34 Bn | 37.09 Bn | - |
| 9 | Extra Space Storage | 33.12 Bn | 32.90 Bn | 650.96 Mn |
| 10 | Safehold | 696.84 Mn | 806.74 Mn | 117.89 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 23.72 Mn |
| Jun 30, 2026 | 21.07 Mn |
| Mar 31, 2026 | 16.36 Mn |
| Dec 31, 2025 | 19.09 Mn |
| Sep 30, 2025 | 13.80 Mn |
| Jun 30, 2025 | 10.74 Mn |
| Mar 31, 2025 | 6.41 Mn |
| Dec 31, 2024 | 16.35 Mn |
| Sep 30, 2024 | 12.39 Mn |
| Jun 30, 2024 | 9.96 Mn |
| Mar 31, 2024 | 7.41 Mn |
| Dec 31, 2023 | 19.27 Mn |
| Sep 30, 2023 | 15.13 Mn |
| Jun 30, 2023 | 10.57 Mn |
| Mar 31, 2023 | 18.79 Mn |
| Dec 31, 2022 | 5.42 Mn |
| Jun 30, 2021 | 104.72 Mn |
| Mar 31, 2021 | 85.90 Bn |
| Dec 31, 2020 | 94.72 Mn |
| Sep 30, 2020 | 84.74 Bn |
API Access
Safehold Accumulated Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=accumulated-expenses&ticker=SAFE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "accumulated-expenses", "ticker": "SAFE", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=accumulated-expenses&ticker=SAFE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();