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
DateValue
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