Safehold (SAFE) Operating Income (2015 - 2026)

Safehold (SAFE) reported Operating Income of $25.5 million for Q1 2026, up 0.97% year-over-year from $25.3 million in Q1 2025, and up 135.13% quarter-over-quarter from -$72.7 million in Q4 2025.

Safehold (SAFE) Operating Income (2015 - 2026) Analysis & Trends

Safehold (SAFE) has 12 years of Operating Income data on file, last reported at $25.5 million in Q1 2026.

  • Operating Income for Q1 2026 came in at $25.5 million, up 0.97% year-over-year; the trailing twelve-month figure through Mar 2026 was $1.6 million (down 98.15% YoY), and the FY2025 annual result was $1.4 million, down 98.41% from the prior year.
  • Operating Income advanced to $25.5 million in Q1 2026 per SAFE's latest filing, from -$72.7 million in the prior quarter.
  • Over five years, Operating Income peaked at $73.1 million in Q3 2022 and troughed at -$130.2 million in Q3 2023.
  • A 5-year average of $10.2 million and a median of $22.6 million in 2022 frame the typical range for Operating Income.
  • The sharpest annual moves came in 2024 and 2025: Operating Income soared 901.96% in 2024, then sank 421.4% in 2025.
  • A 5-year view of Operating Income shows it stood at $19.4 million in 2022, then jumped by 79.89% to $34.9 million in 2023, then tumbled by 35.14% to $22.6 million in 2024, then slumped by 421.4% to -$72.7 million in 2025, then surged by 135.13% to $25.5 million in 2026.
  • Business Quant data shows SAFE's Operating Income at $25.5 million in Q1 2026, -$72.7 million in Q4 2025, and $24.9 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Op. Inc (Qtr)
1 Vici Properties 29.26 Bn 28.78 Bn 1.01 Bn 995.11 Mn
2 Broadstone Net Lease 3.95 Bn 4.05 Bn - -
3 American Assets Trust 1.46 Bn 1.40 Bn - 23.22 Mn
4 Safehold 1.13 Bn 1.14 Bn 109.54 Mn 25.55 Mn
5 Empire State Realty Trust 916.51 Mn 1.65 Bn - 29.46 Mn
6 JBG SMITH Properties 880.19 Mn 1.38 Bn - -
7 CTO Realty Growth 672.82 Mn 672.82 Mn 31.01 Mn 10.29 Mn
8 Gladstone Commercial 608.72 Mn 778.76 Mn - -
9 AH Realty Trust 540.92 Mn 723.25 Mn - 11.63 Mn
10 One Liberty Properties 510.56 Mn 490.30 Mn - 13.48 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 25.55 Mn
Dec 31, 2025 -72.72 Mn
Sep 30, 2025 24.88 Mn
Jun 30, 2025 23.92 Mn
Mar 31, 2025 25.30 Mn
Dec 31, 2024 22.63 Mn
Sep 30, 2024 15.87 Mn
Jun 30, 2024 24.00 Mn
Mar 31, 2024 24.59 Mn
Dec 31, 2023 34.88 Mn
Sep 30, 2023 -130.24 Mn
Jun 30, 2023 15.83 Mn
Mar 31, 2023 2.45 Mn
Dec 31, 2022 19.39 Mn
Sep 30, 2022 73.15 Mn
Jun 30, 2022 20.46 Mn
Mar 31, 2022 22.63 Mn
Dec 31, 2021 282.60 Mn
Sep 30, 2021 36.82 Mn
Jun 30, 2021 -47.32 Mn