Safehold (SAFE) Tax Rate (2010 - 2026)

Safehold's (SAFE) quarterly Tax Rate came in at 2.32% in Q1 2026, down 60.0% year-on-year from 5.79% in Q1 2025, and up 191.32% on a QoQ basis from 2.54% in Q4 2025.

Safehold (SAFE) Tax Rate (2010 - 2026) Analysis & Trends

Safehold (SAFE) has 17 years of Tax Rate data on file, last reported at 2.32% in Q1 2026.

  • On a quarterly basis, Tax Rate fell 60.0% year-over-year to 2.32% in Q1 2026; TTM through Mar 2026 was 0.88%, a 71.0% decrease from a year earlier, with the FY2025 full-year figure at 1.04%, down 15.0% from the prior year.
  • Tax Rate for Q1 2026 stood at 2.32%, up from 2.54% in the prior quarter.
  • Over the last five years, Tax Rate for SAFE reached as high as 5.79% in Q4 2023 and fell as low as 2.63% in Q4 2024.
  • Historically, Tax Rate has averaged 1.44% across 5 years, with a median of 1.91% in 2024.
  • On a YoY basis, Tax Rate climbed as much as 325 bps in 2024 and fell as far as 842 bps in 2024.
  • Year by year, Tax Rate stood at 0.75% in 2022, then surged by 674 bps to 5.79% in 2023, then slumped by 145 bps to 2.63% in 2024, then rose by 4 bps to 2.54% in 2025, then surged by 191 bps to 2.32% in 2026.
  • Per Business Quant data, the three most recent Tax Rate figures were 2.32% in Q1 2026, 2.54% in Q4 2025, and 0.73% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 Vici Properties 28.12 Bn 27.64 Bn 1.01 Bn 0.45%
2 W. P. Carey 16.60 Bn 16.61 Bn 434.82 Mn 7.66%
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 2.32%
6 Empire State Realty Trust 930.17 Mn 1.66 Bn - -54.94%
7 Cim 917.30 Mn 735.54 Mn - -
8 JBG SMITH Properties 855.38 Mn 1.35 Bn - -0.03%
9 CTO Realty Growth 725.13 Mn 725.13 Mn 31.01 Mn 0.96%
10 Gladstone Commercial 618.64 Mn 788.68 Mn - -

Historic Data

Download Data
DateValue
Mar 31, 2026 2.32%
Mar 31, 2026 2.32%
Mar 31, 2026 2.32%
Dec 31, 2025 -2.54%
Dec 31, 2025 -2.54%
Dec 31, 2025 -2.54%
Sep 30, 2025 0.73%
Sep 30, 2025 0.73%
Sep 30, 2025 0.73%
Jun 30, 2025 2.99%
Jun 30, 2025 2.99%
Jun 30, 2025 2.99%
Mar 31, 2025 2.91%
Mar 31, 2025 2.91%
Mar 31, 2025 2.91%
Dec 31, 2024 -2.63%
Dec 31, 2024 -2.63%
Dec 31, 2024 -2.63%
Sep 30, 2024 3.20%
Sep 30, 2024 3.20%