Safehold (SAFE) Gross Margin (2015 - 2026)

Safehold (SAFE) reported Gross Margin of 98.82% for Q1 2026, little changed year-over-year from 98.82% in Q1 2025, and little changed quarter-over-quarter from 98.65% in Q4 2025.

Safehold (SAFE) Gross Margin (2015 - 2026) Analysis & Trends

Safehold (SAFE) has 12 years of Gross Margin data on file, last reported at 98.82% in Q1 2026.

  • Gross Margin for Q1 2026 came in at 98.82%, changed 0.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 98.77% (down 7.0% YoY), and the FY2025 annual result was 98.77%, down 8.0% from the prior year.
  • Gross Margin was little changed at 98.82% in Q1 2026 per SAFE's latest filing, from 98.65% in the prior quarter.
  • Over five years, Gross Margin peaked at 99.06% in Q2 2025 and troughed at 97.23% in Q4 2022.
  • A 5-year average of 98.69% and a median of 98.82% in 2026 frame the typical range for Gross Margin.
  • On a YoY basis, Gross Margin climbed as much as 516 bps in 2022 and fell as far as 3542 bps in 2022.
  • A 5-year view of Gross Margin shows it stood at 97.23% in 2022, then gained by 1 bps to 98.61% in 2023, then gained by 0 bps to 98.85% in 2024, then slipped by 0 bps to 98.65% in 2025, then gained by 0 bps to 98.82% in 2026.
  • Business Quant data shows SAFE's Gross Margin at 98.82% in Q1 2026, 98.65% in Q4 2025, and 98.55% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Vici Properties 29.26 Bn 28.78 Bn 1.01 Bn 99.36%
2 Broadstone Net Lease 3.95 Bn 4.05 Bn - -
3 American Assets Trust 1.46 Bn 1.40 Bn - -
4 Safehold 1.13 Bn 1.14 Bn 109.54 Mn 98.82%
5 Empire State Realty Trust 916.51 Mn 1.65 Bn - -
6 JBG SMITH Properties 880.19 Mn 1.38 Bn - -
7 CTO Realty Growth 672.82 Mn 672.82 Mn 31.01 Mn 75.30%
8 Gladstone Commercial 608.72 Mn 778.76 Mn - -
9 AH Realty Trust 540.92 Mn 723.25 Mn - -
10 One Liberty Properties 510.56 Mn 490.30 Mn - -

Historic Data

Download Data
DateValue
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 132.65%
Sep 30, 2021 128.47%
Jun 30, 2021 99.98%