Safehold (SAFE) Tax Rate (2010 - 2026)
Safehold (SAFE) reported Tax Rate of 2.32% for Q1 2026, down 60.0% year-over-year from 5.79% in Q1 2025, and up 191.32% quarter-over-quarter 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.
- Tax Rate for Q1 2026 came in at 2.32%, down 60.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 0.88% (down 266.0% YoY), and the FY2025 annual result was 1.04%, down 209.0% from the prior year.
- Tax Rate advanced to 2.32% in Q1 2026 per SAFE's latest filing, from 2.54% in the prior quarter.
- Over five years, Tax Rate peaked at 5.11% in Q4 2024 and troughed at 2.54% in Q4 2025.
- A 5-year average of 1.77% and a median of 2.32% in 2023 frame the typical range for Tax Rate.
- The sharpest annual moves came in 2024 and 2025: Tax Rate jumped 325 bps in 2024, then plunged 764 bps in 2025.
- A 5-year view of Tax Rate shows it stood at 0.75% in 2022, then jumped by 257 bps to 2.67% in 2023, then jumped by 91 bps to 5.11% in 2024, then tumbled by 150 bps to 2.54% in 2025, then surged by 191 bps to 2.32% in 2026.
- Business Quant data shows SAFE's Tax Rate at 2.32% in Q1 2026, 2.54% in Q4 2025, and 0.73% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Vici Properties | 29.26 Bn | 28.78 Bn | 1.01 Bn | 0.45% |
| 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 | 2.32% |
| 5 | Empire State Realty Trust | 916.51 Mn | 1.65 Bn | - | -54.94% |
| 6 | JBG SMITH Properties | 880.19 Mn | 1.38 Bn | - | -0.03% |
| 7 | CTO Realty Growth | 672.82 Mn | 672.82 Mn | 31.01 Mn | 0.96% |
| 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 | 2.32% |
| Mar 31, 2026 | 2.32% |
| Dec 31, 2025 | -2.54% |
| Dec 31, 2025 | -2.54% |
| Sep 30, 2025 | 0.73% |
| Sep 30, 2025 | 0.73% |
| Jun 30, 2025 | 2.99% |
| Jun 30, 2025 | 2.99% |
| Mar 31, 2025 | 2.91% |
| Mar 31, 2025 | 2.91% |
| Dec 31, 2024 | 5.11% |
| Dec 31, 2024 | 5.11% |
| Sep 30, 2024 | 3.20% |
| Sep 30, 2024 | 3.20% |
| Jun 30, 2024 | 2.99% |
| Jun 30, 2024 | 2.99% |
| Mar 31, 2024 | 1.50% |
| Mar 31, 2024 | 1.50% |
| Dec 31, 2023 | 2.67% |
| Dec 31, 2023 | 2.67% |