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Safehold (SAFE) Operating Expenses (2016 - 2026)

Safehold has reported Operating Expenses over the past 17 years, most recently at $85.3 million for Q1 2026.

  • Quarterly Operating Expenses rose 17.87% to $85.3 million in Q1 2026 from the year-ago period, while the trailing twelve-month figure was $297.6 million through Mar 2026, up 5.39% year-over-year, with the annual reading at $284.7 million for FY2025, 2.17% up from the prior year.
  • Operating Expenses was $85.3 million for Q1 2026 at Safehold, up from $71.1 million in the prior quarter.
  • Over five years, Operating Expenses peaked at $215.8 million in Q3 2023 and troughed at $37.7 million in Q1 2022.
  • The 5-year median for Operating Expenses is $69.8 million (2023), against an average of $74.7 million.
  • Year-over-year, Operating Expenses surged 296.99% in 2023 and then tumbled 65.32% in 2024.
  • A 5-year view of Operating Expenses shows it stood at $54.0 million in 2022, then grew by 27.07% to $68.6 million in 2023, then rose by 0.96% to $69.2 million in 2024, then grew by 2.64% to $71.1 million in 2025, then grew by 20.03% to $85.3 million in 2026.
  • Per Business Quant, the three most recent readings for SAFE's Operating Expenses are $85.3 million (Q1 2026), $71.1 million (Q4 2025), and $71.3 million (Q3 2025).