Safehold (SAFE) Interest Expense (in Operating Expenses) (2010 - 2026)
Safehold's Interest Expense (in Operating Expenses) came in at $55.91 million for Q3 2026, up 6.5% from $52.5 million a year earlier and up 1.3% from the prior quarter.
Powered by 
Analysis
Safehold (SAFE) Interest Expense (in Operating Expenses) (2010 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, Safehold reported Interest Expense (in Operating Expenses) of $217.11 million, up 6.1% year-over-year; for FY2025, it was $206.69 million, up 4.4% from FY2024.
- Interest Expense (in Operating Expenses) has increased in each of the last four years, with a five-year compound annual growth rate of 10.3% (FY2020 to FY2025).
- Going back by year, Interest Expense (in Operating Expenses) was $198.04 million in FY2024 (+9.4%), $181.01 million in FY2023 (+40.4%), $128.97 million in FY2022 (+61.8%) and $79.71 million in FY2021 (-37.2%).
- The Q3 2026 figure represents the highest quarterly Interest Expense (in Operating Expenses) since Q1 2016.
- Year-over-year, Interest Expense (in Operating Expenses) has increased for 14 consecutive quarters, with growth averaging 5.5% over the last eight quarters.
- Over the past five years, the year-over-year growth in Interest Expense (in Operating Expenses) ranged from 3.7% (Q1 2025) to 52.2% (Q2 2023).
- Business Quant data shows SAFE's Interest Expense (in Operating Expenses) at $55.19 million (Q2 2026), $53.52 million (Q1 2026) and $52.5 million (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Expense (Op.) (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 179.36 Bn | 166.43 Bn | 1.47 Bn | 192.66 Mn |
| 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 | 102.53 Mn |
| 5 | Realty Income | 55.95 Bn | 57.33 Bn | - | 333.56 Mn |
| 6 | Ventas | 47.02 Bn | 46.18 Bn | -3.39 Bn | 161.39 Mn |
| 7 | Ryman Hospitality Properties | 46.62 Bn | 45.46 Bn | 266.41 Mn | - |
| 8 | Vivmark Residential | 37.34 Bn | 37.09 Bn | - | 123.79 Mn |
| 9 | Extra Space Storage | 33.12 Bn | 32.90 Bn | 650.96 Mn | -151.17 Mn |
| 10 | Safehold | 696.84 Mn | 806.74 Mn | 117.89 Mn | 55.91 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 55.91 Mn |
| Jun 30, 2026 | 55.19 Mn |
| Mar 31, 2026 | 53.52 Mn |
| Dec 31, 2025 | 52.50 Mn |
| Sep 30, 2025 | 52.50 Mn |
| Jun 30, 2025 | 51.27 Mn |
| Mar 31, 2025 | 50.43 Mn |
| Dec 31, 2024 | 50.34 Mn |
| Sep 30, 2024 | 49.96 Mn |
| Jun 30, 2024 | 49.11 Mn |
| Mar 31, 2024 | 48.63 Mn |
| Dec 31, 2023 | 47.53 Mn |
| Sep 30, 2023 | 46.55 Mn |
| Jun 30, 2023 | 46.06 Mn |
| Mar 31, 2023 | 40.87 Mn |
| Dec 31, 2022 | 37.92 Mn |
| Sep 30, 2022 | 35.46 Mn |
| Jun 30, 2022 | 30.27 Mn |
| Dec 31, 2021 | -6.44 Mn |
| Sep 30, 2021 | 28.70 Mn |
API Access
Safehold Interest Expense (in Operating 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=interest-expense-in-operating-expenses&ticker=SAFE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "interest-expense-in-operating-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=interest-expense-in-operating-expenses&ticker=SAFE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();