Safehold (SAFE) Net Margin (2010 - 2026)

Safehold's (SAFE) quarterly Net Margin came in at 26.04% in Q1 2026, down 403.0% year-on-year from 8.59% in Q1 2025, and down 8.59% on a QoQ basis 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.

  • On a quarterly basis, Net Margin fell 403.0% year-over-year to 26.04% in Q1 2026; TTM through Mar 2026 was 28.58%, a 38.0% increase from a year earlier, with the FY2025 full-year figure at 29.69%, up 77.0% from the prior year.
  • Net Margin for Q1 2026 stood at 26.04%, down from 28.48% in the prior quarter.
  • Over the last five years, Net Margin for SAFE reached as high as 1311.75% in Q1 2022 and fell as low as 143.72% in Q3 2023.
  • Historically, Net Margin has averaged 99.96% across 5 years, with a median of 30.06% in 2025.
  • Across the five-year window, Net Margin surged 131243 bps in 2022 and sank 130578 bps in 2023, its largest moves.
  • Year by year, Net Margin stood at 71.98% in 2022, then slumped by 44 bps to 39.97% in 2023, then fell by 29 bps to 28.34% in 2024, then advanced by 0 bps to 28.48% in 2025, then declined by 9 bps to 26.04% in 2026.
  • Per Business Quant data, the three most recent Net Margin figures were 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 28.12 Bn 27.64 Bn 1.01 Bn 86.36%
2 W. P. Carey 16.60 Bn 16.61 Bn 434.82 Mn 38.83%
3 Broadstone Net Lease 4.29 Bn 4.40 Bn - -
4 American Assets Trust 1.47 Bn 1.41 Bn - 2.86%
5 Safehold 1.15 Bn -2.44 Bn 109.54 Mn 26.04%
6 Empire State Realty Trust 930.17 Mn 1.66 Bn - 0.65%
7 Cim 917.30 Mn 735.54 Mn - -
8 JBG SMITH Properties 855.38 Mn 1.35 Bn - -14.65%
9 CTO Realty Growth 725.13 Mn 725.13 Mn 31.01 Mn 10.51%
10 Gladstone Commercial 618.64 Mn 788.68 Mn - 9.15%

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 1,311.75%
Dec 31, 2021 13.94%
Sep 30, 2021 84.84%
Jun 30, 2021 -36.02%