Safehold (SAFE) Net Margin (2009 - 2026)
Safehold (SAFE) recorded Net Margin of 24.27% in Q3 2026, down 6.18 percentage points from 30.45% a year earlier and down 2.03 percentage points from the prior quarter.
Powered by 
Analysis
Safehold (SAFE) Net Margin (2009 - 2026) Analysis & Trends
On a TTM basis, Safehold's Net Margin came in at 26.17% as of Sep 30, 2026, down 3.50 percentage points year-over-year; for FY2025, it came in at 29.69%, up 0.77 percentage points from FY2024.
- Annual Net Margin has a five-year change of +50.03 percentage points (FY2020 to FY2025).
- Across earlier years, Net Margin came in at 28.92% in FY2024 (+44.51 pp), -15.59% in FY2023 (-65.69 pp), 50.10% in FY2022 (+11.00 pp) and 39.10% in FY2021 (+59.44 pp).
- The Q3 2026 figure is the lowest quarterly Net Margin since Q3 2024.
- On a year-over-year basis, Net Margin has declined for three consecutive quarters, with an average year-over-year change of -2.77 percentage points over the last eight quarters.
- Peak year-over-year performance for Net Margin in the last five years was a gain of 1012.64 percentage points in Q1 2022, against a drop of 1005.99 percentage points in Q1 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at 26.30% (Q2 2026), 26.04% (Q1 2026) and 28.48% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 179.36 Bn | 166.43 Bn | 1.47 Bn | 10.67% |
| 2 | Prologis | 122.34 Bn | 120.73 Bn | - | 34.17% |
| 3 | Simon Property | 79.95 Bn | 78.05 Bn | - | 27.50% |
| 4 | Public Storage | 62.14 Bn | 61.58 Bn | 112.08 Mn | 22.86% |
| 5 | Realty Income | 55.95 Bn | 57.33 Bn | - | 24.91% |
| 6 | Ventas | 47.02 Bn | 46.18 Bn | -3.39 Bn | 3.57% |
| 7 | Ryman Hospitality Properties | 46.62 Bn | 45.46 Bn | 266.41 Mn | 6.13% |
| 8 | Vivmark Residential | 37.34 Bn | 37.09 Bn | - | -61.52% |
| 9 | Extra Space Storage | 33.12 Bn | 32.90 Bn | 650.96 Mn | 27.84% |
| 10 | Safehold | 696.84 Mn | 806.74 Mn | 117.89 Mn | 24.27% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 24.27% |
| 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 | 1,011.97% |
| Dec 31, 2021 | 13.94% |
API Access
Safehold Net Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=net-margin&ticker=SAFE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "SAFE", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-margin&ticker=SAFE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();