Safehold (SAFE) Operating Income (2015 - 2026)
Safehold (SAFE) posted quarterly Operating Income of $28.3 million for Q2 2026, up 18.13% year-over-year from $23.9 million in Q2 2025, and up 10.6% on a QoQ basis from $25.5 million in Q1 2026.
Safehold (SAFE) Operating Income (2015 - 2026) Analysis & Trends
Safehold has reported Operating Income for 12 years, with the latest figure at $28.3 million in Q2 2026.
- Operating Income for Q2 2026 came in at $28.3 million, up 18.13% year-over-year; the trailing twelve-month figure through Jun 2026 was $105.5 million (up 20.25% YoY), and the FY2025 annual result was $100.9 million, up 15.86% from the prior year.
- Operating Income rose to $28.3 million in Q2 2026, from $25.5 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 $16.7 million and a median of $24.0 million in 2024 frame the typical range for Operating Income.
- The widest annual swing landed in 2023, when Operating Income sank 278.06%; it then jumped 901.96% in 2024.
- A 5-year view of Operating Income shows it stood at $19.4 million in 2022, then surged by 79.89% to $34.9 million in 2023, then slumped by 35.14% to $22.6 million in 2024, then increased by 18.45% to $26.8 million in 2025, then increased by 5.44% to $28.3 million in 2026.
- Per Business Quant data, the three most recent Operating Income figures were $28.3 million in Q2 2026, $25.5 million in Q1 2026, and $26.8 million in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Vici Properties | 29.06 Bn | 28.63 Bn | 1.05 Bn | 735.50 Mn |
| 2 | W. P. Carey | 16.13 Bn | 16.13 Bn | 441.59 Mn | 144.06 Mn |
| 3 | Broadstone Net Lease | 4.03 Bn | 4.01 Bn | - | - |
| 4 | Global Net Lease | 1.93 Bn | 1.77 Bn | - | 54.73 Mn |
| 5 | American Assets Trust | 1.39 Bn | 1.39 Bn | - | 26.30 Mn |
| 6 | Safehold | 1.10 Bn | -2.59 Bn | 113.88 Mn | 28.26 Mn |
| 7 | Cim | 1.05 Bn | 2.41 Bn | - | - |
| 8 | Empire State Realty Trust | 828.68 Mn | 828.68 Mn | - | -138.71 Mn |
| 9 | CTO Realty Growth | 763.45 Mn | 763.45 Mn | 32.71 Mn | 13.25 Mn |
| 10 | JBG SMITH Properties | 732.05 Mn | 732.05 Mn | - | 61.08 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 28.26 Mn |
| Mar 31, 2026 | 25.55 Mn |
| Dec 31, 2025 | 26.80 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 | 410.87 Mn |
| Sep 30, 2021 | -8.16 Mn |