Safehold (SAFE) Gross Margin (2015 - 2026)
Safehold (SAFE) posted quarterly Gross Margin of 99.33% for Q2 2026, up 27.0% year-over-year from 78.21% in Q2 2025, and up 0.52% on a QoQ basis from 98.82% in Q1 2026.
Safehold (SAFE) Gross Margin (2015 - 2026) Analysis & Trends
Safehold has reported Gross Margin for 12 years, with the latest figure at 99.33% in Q2 2026.
- Gross Margin for Q2 2026 came in at 99.33%, up 27.0% year-over-year; the trailing twelve-month figure through Jun 2026 was 98.86% (down 4.0% YoY), and the FY2025 annual result was 98.77%, down 8.0% from the prior year.
- Gross Margin improved to 99.33% in Q2 2026, from 98.82% in the prior quarter.
- Over five years, Gross Margin peaked at 99.33% in Q2 2026 and troughed at 97.23% in Q4 2022.
- A 5-year average of 98.73% and a median of 98.82% in 2022 frame the typical range for Gross Margin.
- The largest YoY upside for Gross Margin was 5963 bps in 2022 against a maximum downside of 28812 bps in 2022.
- A 5-year view of Gross Margin shows it stood at 97.23% in 2022, then advanced by 1 bps to 98.61% in 2023, then advanced by 0 bps to 98.85% in 2024, then dropped by 0 bps to 98.65% in 2025, then gained by 1 bps to 99.33% in 2026.
- Per Business Quant data, the three most recent Gross Margin figures were 99.33% in Q2 2026, 98.82% in Q1 2026, and 98.65% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Vici Properties | 29.04 Bn | 28.60 Bn | 1.05 Bn | 99.30% |
| 2 | W. P. Carey | 16.30 Bn | 16.30 Bn | 441.59 Mn | 95.78% |
| 3 | Broadstone Net Lease | 4.04 Bn | 4.03 Bn | - | - |
| 4 | Global Net Lease | 1.92 Bn | 1.77 Bn | - | - |
| 5 | American Assets Trust | 1.39 Bn | 1.39 Bn | - | - |
| 6 | Safehold | 1.10 Bn | -2.59 Bn | 113.88 Mn | 99.33% |
| 7 | Cim | 1.05 Bn | 2.41 Bn | - | - |
| 8 | Empire State Realty Trust | 821.84 Mn | 821.84 Mn | - | - |
| 9 | CTO Realty Growth | 768.00 Mn | 768.00 Mn | 32.71 Mn | 74.62% |
| 10 | JBG SMITH Properties | 721.56 Mn | 721.56 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 99.33% |
| Mar 31, 2026 | 98.82% |
| Dec 31, 2025 | 98.65% |
| Sep 30, 2025 | 98.55% |
| Jun 30, 2025 | 99.06% |
| Mar 31, 2025 | 98.81% |
| Dec 31, 2024 | 98.85% |
| Sep 30, 2024 | 98.85% |
| Jun 30, 2024 | 98.84% |
| Mar 31, 2024 | 98.84% |
| Dec 31, 2023 | 98.61% |
| Sep 30, 2023 | 98.83% |
| Jun 30, 2023 | 98.82% |
| Mar 31, 2023 | 98.46% |
| Dec 31, 2022 | 97.23% |
| Sep 30, 2022 | 98.79% |
| Jun 30, 2022 | 98.92% |
| Mar 31, 2022 | 98.83% |
| Dec 31, 2021 | 385.35% |
| Sep 30, 2021 | 97.15% |