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