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| Date | Value |
|---|---|
| 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 |