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
DateValue
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%