Safehold (SAFE) Net Margin (2010 - 2026)
Safehold (SAFE) reported Net Margin of 26.04% for Q1 2026, down 403.0% year-over-year from 8.59% in Q1 2025, and down 8.59% quarter-over-quarter from 28.48% in Q4 2025.
Safehold (SAFE) Net Margin (2010 - 2026) Analysis & Trends
Safehold (SAFE) has 17 years of Net Margin data on file, last reported at 26.04% in Q1 2026.
- Net Margin for Q1 2026 came in at 26.04%, down 403.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 28.58% (up 38.0% YoY), and the FY2025 annual result was 29.69%, up 77.0% from the prior year.
- Net Margin retreated to 26.04% in Q1 2026 per SAFE's latest filing, from 28.48% in the prior quarter.
- Over five years, Net Margin peaked at 1011.97% in Q1 2022 and troughed at 143.72% in Q3 2023.
- A 5-year average of 82.33% and a median of 30.06% in 2025 frame the typical range for Net Margin.
- The sharpest annual moves came in 2022 and 2023: Net Margin surged 101264 bps in 2022, then plunged 100599 bps in 2023.
- A 5-year view of Net Margin shows it stood at 71.98% in 2022, then sank by 44 bps to 39.97% in 2023, then slipped by 29 bps to 28.34% in 2024, then increased by 0 bps to 28.48% in 2025, then decreased by 9 bps to 26.04% in 2026.
- Business Quant data shows SAFE's Net Margin at 26.04% in Q1 2026, 28.48% in Q4 2025, and 30.45% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Vici Properties | 29.26 Bn | 28.78 Bn | 1.01 Bn | 86.98% |
| 2 | Broadstone Net Lease | 3.95 Bn | 4.05 Bn | - | - |
| 3 | American Assets Trust | 1.46 Bn | 1.40 Bn | - | 2.86% |
| 4 | Safehold | 1.13 Bn | 1.14 Bn | 109.54 Mn | 26.04% |
| 5 | Empire State Realty Trust | 916.51 Mn | 1.65 Bn | - | 0.65% |
| 6 | JBG SMITH Properties | 880.19 Mn | 1.38 Bn | - | -14.65% |
| 7 | CTO Realty Growth | 672.82 Mn | 672.82 Mn | 31.01 Mn | 10.51% |
| 8 | Gladstone Commercial | 608.72 Mn | 778.76 Mn | - | 9.15% |
| 9 | AH Realty Trust | 540.92 Mn | 723.25 Mn | - | -49.79% |
| 10 | One Liberty Properties | 510.56 Mn | 490.30 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 26.04% |
| Dec 31, 2025 | 28.48% |
| Sep 30, 2025 | 30.45% |
| Jun 30, 2025 | 29.78% |
| Mar 31, 2025 | 30.06% |
| Dec 31, 2024 | 28.34% |
| Sep 30, 2024 | 21.31% |
| Jun 30, 2024 | 33.00% |
| Mar 31, 2024 | 32.97% |
| Dec 31, 2023 | 39.97% |
| Sep 30, 2023 | -143.72% |
| Jun 30, 2023 | 25.83% |
| Mar 31, 2023 | 5.98% |
| Dec 31, 2022 | 71.98% |
| Sep 30, 2022 | 92.16% |
| Jun 30, 2022 | 34.95% |
| Mar 31, 2022 | 1,011.97% |
| Dec 31, 2021 | 13.94% |
| Sep 30, 2021 | 84.84% |
| Jun 30, 2021 | -36.02% |