Safehold (SAFE) Operating Leases (2018 - 2026)
Safehold (SAFE) reported Operating Leases of $61.9 million for Q1 2026, down 1.33% year-over-year from $62.7 million in Q1 2025, and up 1000.69% quarter-over-quarter from $5.6 million in Q4 2025.
Safehold (SAFE) Operating Leases (2018 - 2026) Analysis & Trends
Safehold (SAFE) has 8 years of Operating Leases data on file, last reported at $61.9 million in Q1 2026.
- Operating Leases for Q1 2026 came in at $61.9 million, down 1.33% year-over-year; the trailing twelve-month figure through Mar 2026 was $61.9 million (down 1.33% YoY), and the FY2025 annual result was $5.6 million, down 45.81% from the prior year.
- Operating Leases rose to $61.9 million in Q1 2026 per SAFE's latest filing, from $5.6 million in the prior quarter.
- Over five years, Operating Leases peaked at $64.6 million in Q4 2022 and troughed at $5.6 million in Q4 2025.
- A 5-year average of $28.5 million and a median of $18.3 million in 2023 frame the typical range for Operating Leases.
- On a YoY basis, Operating Leases climbed as much as 334.4% in 2025 and fell as far as 88.77% in 2025.
- A 5-year view of Operating Leases shows it stood at $64.6 million in 2022, then declined by 1.29% to $63.8 million in 2023, then slumped by 83.73% to $10.4 million in 2024, then slumped by 45.81% to $5.6 million in 2025, then jumped by 1000.69% to $61.9 million in 2026.
- Business Quant data shows SAFE's Operating Leases at $61.9 million in Q1 2026, $5.6 million in Q4 2025, and $7.1 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Vici Properties | 29.26 Bn | 28.78 Bn | 1.01 Bn |
| 2 | Broadstone Net Lease | 3.95 Bn | 4.05 Bn | - |
| 3 | American Assets Trust | 1.46 Bn | 1.40 Bn | - |
| 4 | Safehold | 1.13 Bn | 1.14 Bn | 109.54 Mn |
| 5 | Empire State Realty Trust | 916.51 Mn | 1.65 Bn | - |
| 6 | JBG SMITH Properties | 880.19 Mn | 1.38 Bn | - |
| 7 | CTO Realty Growth | 672.82 Mn | 672.82 Mn | 31.01 Mn |
| 8 | Gladstone Commercial | 608.72 Mn | 778.76 Mn | - |
| 9 | AH Realty Trust | 540.92 Mn | 723.25 Mn | - |
| 10 | One Liberty Properties | 510.56 Mn | 490.30 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 61.88 Mn |
| Dec 31, 2025 | 5.62 Mn |
| Sep 30, 2025 | 7.09 Mn |
| Jun 30, 2025 | 7.57 Mn |
| Mar 31, 2025 | 62.71 Mn |
| Dec 31, 2024 | 10.37 Mn |
| Sep 30, 2024 | 63.13 Mn |
| Jun 30, 2024 | 13.10 Mn |
| Mar 31, 2024 | 14.44 Mn |
| Dec 31, 2023 | 63.76 Mn |
| Sep 30, 2023 | 17.05 Mn |
| Jun 30, 2023 | 18.34 Mn |
| Mar 31, 2023 | 14.20 Mn |
| Dec 31, 2022 | 64.59 Mn |
| Sep 30, 2022 | 19.01 Mn |
| Jun 30, 2022 | 20.36 Mn |
| Mar 31, 2022 | 21.81 Mn |
| Dec 31, 2021 | 23.27 Mn |
| Sep 30, 2021 | 47.11 Mn |
| Jun 30, 2021 | 47.49 Mn |