Safehold (SAFE) Net Margin (2010 - 2026)
Safehold (SAFE) posted quarterly Net Margin of 26.3% for Q2 2026, down 348.0% year-over-year from 10.61% in Q2 2025, and up 1.03% on a QoQ basis from 26.04% in Q1 2026.
Safehold (SAFE) Net Margin (2010 - 2026) Analysis & Trends
Safehold has reported Net Margin for 17 years, with the latest figure at 26.3% in Q2 2026.
- Net Margin for Q2 2026 came in at 26.3%, down 348.0% year-over-year; the trailing twelve-month figure through Jun 2026 was 27.69% (up 24.0% YoY), and the FY2025 annual result was 29.69%, up 77.0% from the prior year.
- Net Margin rose to 26.3% in Q2 2026, from 26.04% in the prior quarter.
- Over five years, Net Margin peaked at 1311.75% in Q1 2022 and troughed at 143.72% in Q3 2023.
- A 5-year average of 95.87% and a median of 29.92% in 2025 frame the typical range for Net Margin.
- The widest annual swing landed in 2022, when Net Margin surged 131243 bps; it then tumbled 130578 bps in 2023.
- A 5-year view of Net Margin shows it stood at 71.98% in 2022, then plunged by 44 bps to 39.97% in 2023, then dropped by 29 bps to 28.34% in 2024, then rose by 0 bps to 28.48% in 2025, then retreated by 8 bps to 26.3% in 2026.
- Per Business Quant data, the three most recent Net Margin figures were 26.3% in Q2 2026, 26.04% in Q1 2026, and 28.48% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Vici Properties | 29.08 Bn | 28.64 Bn | 1.05 Bn | 49.97% |
| 2 | W. P. Carey | 16.14 Bn | 16.14 Bn | 441.59 Mn | 40.27% |
| 3 | Broadstone Net Lease | 4.02 Bn | 4.01 Bn | - | - |
| 4 | Global Net Lease | 1.92 Bn | 1.77 Bn | - | -6.62% |
| 5 | American Assets Trust | 1.38 Bn | 1.38 Bn | - | 4.73% |
| 6 | Safehold | 1.09 Bn | -2.60 Bn | 113.88 Mn | 26.30% |
| 7 | Cim | 1.05 Bn | 2.41 Bn | - | -23.41% |
| 8 | Empire State Realty Trust | 827.83 Mn | 827.83 Mn | - | -13.11% |
| 9 | CTO Realty Growth | 763.45 Mn | 763.45 Mn | 32.71 Mn | 30.19% |
| 10 | JBG SMITH Properties | 729.72 Mn | 729.72 Mn | - | -46.22% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 26.30% |
| 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% |