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| Date | Value |
|---|---|
| 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% |