Safehold (SAFE) Operating Leases (2018 - 2026)

Safehold's (SAFE) quarterly Operating Leases came in at $5.6 million in Q1 2026, down 91.09% year-on-year from $62.7 million in Q1 2025, and down 91.0% on a QoQ basis from $62.1 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 $5.6 million in Q1 2026.

  • On a quarterly basis, Operating Leases fell 91.09% year-over-year to $5.6 million in Q1 2026; TTM through Mar 2026 was $5.6 million, a 91.09% decrease from a year earlier, with the FY2025 full-year figure at $62.1 million, down 1.32% from the prior year.
  • Operating Leases for Q1 2026 stood at $5.6 million, down from $62.1 million in the prior quarter.
  • Over the last five years, Operating Leases for SAFE reached as high as $64.6 million in Q4 2022 and fell as low as $5.6 million in Q1 2026.
  • Historically, Operating Leases has averaged $38.0 million across 5 years, with a median of $21.8 million in 2022.
  • Across the five-year window, Operating Leases soared 377.03% in 2025 and plunged 91.09% in 2026, its largest moves.
  • Year by year, Operating Leases stood at $64.6 million in 2022, then tumbled by 75.61% to $15.8 million in 2023, then soared by 299.48% to $62.9 million in 2024, then dropped by 1.32% to $62.1 million in 2025, then tumbled by 91.0% to $5.6 million in 2026.
  • Per Business Quant data, the three most recent Operating Leases figures were $5.6 million in Q1 2026, $62.1 million in Q4 2025, and $62.3 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Vici Properties 28.12 Bn 27.64 Bn 1.01 Bn
2 W. P. Carey 16.60 Bn 16.61 Bn 434.82 Mn
3 Broadstone Net Lease 4.29 Bn 4.40 Bn -
4 American Assets Trust 1.47 Bn 1.41 Bn -
5 Safehold 1.15 Bn -2.44 Bn 109.54 Mn
6 Empire State Realty Trust 930.17 Mn 1.66 Bn -
7 Cim 917.30 Mn 735.54 Mn -
8 JBG SMITH Properties 855.38 Mn 1.35 Bn -
9 CTO Realty Growth 725.13 Mn 725.13 Mn 31.01 Mn
10 Gladstone Commercial 618.64 Mn 788.68 Mn -

Historic Data

Download Data
DateValue
Mar 31, 2026 5.59 Mn
Dec 31, 2025 62.09 Mn
Sep 30, 2025 62.30 Mn
Jun 30, 2025 62.51 Mn
Mar 31, 2025 62.71 Mn
Dec 31, 2024 62.92 Mn
Sep 30, 2024 63.13 Mn
Jun 30, 2024 13.10 Mn
Mar 31, 2024 14.44 Mn
Dec 31, 2023 15.75 Mn
Sep 30, 2023 63.96 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