Growth Metrics

Safehold (SAFE) Operating Expenses (2016 - 2025)

Safehold (SAFE) has disclosed Operating Expenses for 16 consecutive years, with $71.1 million as the latest value for Q4 2025.

  • On a quarterly basis, Operating Expenses rose 2.64% to $71.1 million in Q4 2025 year-over-year; TTM through Dec 2025 was $284.7 million, a 2.17% increase, with the full-year FY2025 number at $284.7 million, up 2.17% from a year prior.
  • Operating Expenses was $71.1 million for Q4 2025 at Safehold, roughly flat from $71.3 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $215.8 million in Q3 2023 to a low of -$308.3 million in Q4 2021.
  • A 5-year average of $60.6 million and a median of $69.9 million in 2023 define the central range for Operating Expenses.
  • Peak YoY movement for Operating Expenses: plummeted 736.68% in 2021, then surged 296.99% in 2023.
  • Safehold's Operating Expenses stood at -$308.3 million in 2021, then skyrocketed by 117.51% to $54.0 million in 2022, then increased by 27.07% to $68.6 million in 2023, then grew by 0.96% to $69.2 million in 2024, then increased by 2.64% to $71.1 million in 2025.
  • Per Business Quant, the three most recent readings for SAFE's Operating Expenses are $71.1 million (Q4 2025), $71.3 million (Q3 2025), and $69.9 million (Q2 2025).