Operating Segments was Safehold’s largest segment in fiscal 2019, bringing in $717.57M of $768.43M (93%).
| Segment | FY 2011 | FY 2012 | FY 2013 | FY 2014 | FY 2016 | FY 2017 | FY 2018 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Operating Segments | $774.92M | $1.18B | $2.79B | $717.57M | ||||
| Corporate/Other | — | $41.73M | $70.91M | $50.86M | ||||
| Corporate, Non-Segment | $23.03M | — | — | — | ||||
| Total | $797.95M | $1.22B | $2.86B | $768.43M |
Safehold brought in $768.43M from its two segments in fiscal 2019, the year ended December 31, 2019. That was down 73.2% from $2.86B in fiscal 2018. Operating Segments was the largest at $717.57M (93.4%), ahead of Corporate/Other at $50.86M (6.6%).
Compared with fiscal 2018, Corporate/Other fell 28.3% to $50.86M and Operating Segments fell 74.3% to $717.57M.
Safehold began breaking out Corporate/Other in fiscal 2017, when it brought in $41.73M. Safehold stopped reporting Corporate, Non-Segment as a separate segment after fiscal 2016, when it brought in $23.03M.
Land Development Revenue was Safehold’s largest product and service line in fiscal 2020, bringing in $1.98B of $2.83B (70%).
| Product and Service | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 |
|---|---|---|---|---|---|
| Land Development Revenue | — | — | $717.57M | $1.98B | |
| Land Development | $684.00M | $2.46B | — | — | |
| Operating Lease Income | $1.87B | $1.25B | $364.30M | $272.94M | |
| Interest Income | — | $587.27M | — | — | |
| Other Income | $799.28M | $441.00M | $381.38M | $584.85M | |
| Management Fees | $12.60M | $2.40M | — | — | |
| Total | $3.36B | $4.73B | $1.46B | $2.83B |
Safehold brought in $2.83B from its three product and service lines in fiscal 2020, the year ended December 31, 2020. That was up 93.7% from $1.46B in fiscal 2019. Land Development Revenue was the largest at $1.98B (69.7%), ahead of Other Income at $584.85M (20.6%) and Operating Lease Income at $272.94M (9.6%).
Compared with fiscal 2019, Land Development Revenue grew fastest, up 175.4% to $1.98B, while Operating Lease Income fell the most, down 25.1% to $272.94M.
Safehold began breaking out Land Development Revenue in fiscal 2019, when it brought in $717.57M. Safehold stopped reporting Land Development ($2.46B in fiscal 2018), Interest Income ($587.27M in fiscal 2018) and Management Fees ($2.40M in fiscal 2018) as separate lines.
Land & Development was Safehold’s largest segment in fiscal 2018, bringing in $2.46B of $4.29B (57%).
| Statement Business Segments | FY 2009 | FY 2010 | FY 2011 | FY 2012 | FY 2013 | FY 2014 | FY 2016 | FY 2017 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Land & Development | $530.04M | $1.18B | $2.46B | ||||||
| Real Estate Finance | $774.92M | $639.29M | $587.27M | ||||||
| Revenues | — | — | — | ||||||
| Net Lease | $756.98M | $742.11M | $911.75M | ||||||
| Net Leasing | — | — | — | ||||||
| Operating Properties | $387.56M | $378.95M | $334.06M | ||||||
| Corporate/Other | — | — | — | ||||||
| Corporate/ Other | — | — | — | ||||||
| Land | — | — | — | ||||||
| Land: | — | — | — | ||||||
| Total | $2.45B | $2.94B | $4.29B |
Safehold brought in $4.29B from its four segments in fiscal 2018, the year ended December 31, 2018. That was up 45.9% from $2.94B in fiscal 2017. Land & Development was the largest at $2.46B (57.3%), ahead of Net Lease at $911.75M (21.2%) and Real Estate Finance at $587.27M (13.7%). The remaining segment, Operating Properties, brought in $334.06M.
Compared with fiscal 2017, Land & Development grew fastest, up 108.1% to $2.46B, while Operating Properties fell the most, down 11.8% to $334.06M. From fiscal 2016 to 2018, combined revenue from these segments grew from $2.45B to $4.29B, a compound annual growth rate of 32.4%. Land & Development's share of the total rose from 21.6% to 57.3%.
Safehold (SAFE) reports its revenue by segment, by product and service and by statement business segments. In fiscal 2019, Operating Segments was its largest segment, bringing in $717.57M (93.4% of the total), followed by Corporate/Other at $50.86M (6.6%).
Operating Segments was Safehold's largest segment in fiscal 2019, bringing in $717.57M, or 93.4% of the $768.43M total across its two segments.
Land Development Revenue was Safehold's largest product and service line in fiscal 2020, bringing in $1.98B, or 69.7% of the $2.83B total across its three product and service lines.
Among Safehold's product and service lines that make up at least 2% of revenue, Land Development Revenue grew fastest in fiscal 2020, up 175.4% from $717.57M to $1.98B.
Every figure comes from Safehold's annual financial filings, as reported. Each line keeps the name Safehold gives it, and years follow its fiscal calendar.
Safehold's revenue by segment goes back to fiscal 2011, with figures through fiscal 2019. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.