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