Land Development Revenue was Safehold’s largest product and service line in fiscal 2020, bringing in $164.70M of $324.10M (51%).
| Product and Service | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 |
|---|---|---|---|---|---|
| Land Development Revenue | — | — | $119.60M | $164.70M | |
| Land Development | $196.90M | $409.71M | — | — | |
| Operating Lease Income | $187.68M | $208.19M | $32.29M | $24.28M | |
| Interest Income | $106.55M | $97.88M | $75.64M | $56.68M | |
| Other Income | $188.09M | $82.34M | $46.18M | $78.45M | |
| Total | $679.22M | $798.12M | $273.71M | $324.10M |
Safehold brought in $324.10M from its four product and service lines in fiscal 2020, the year ended December 31, 2020. That was up 18.4% from $273.71M in fiscal 2019. Land Development Revenue was the largest at $164.70M (50.8%), ahead of Other Income at $78.45M (24.2%) and Interest Income at $56.68M (17.5%). The remaining line, Operating Lease Income, brought in $24.28M.
Compared with fiscal 2019, Other Income grew fastest, up 69.9% to $78.45M, while Interest Income fell the most, down 25.1% to $56.68M.
Safehold began breaking out Land Development Revenue in fiscal 2019, when it brought in $119.60M. Safehold stopped reporting Land Development as a separate line after fiscal 2018, when it brought in $409.71M.
Land & Development was Safehold’s largest segment in fiscal 2018, bringing in $417.59M of $786.30M (53%).
| Segment | FY 2009 | FY 2010 | FY 2011 | FY 2012 | FY 2013 | FY 2016 | FY 2017 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Land & Development | $91.93M | $323.98M | $417.59M | |||||
| Real Estate Finance | $133.81M | $109.18M | $102.43M | |||||
| Real Estate Lending | — | — | — | |||||
| Net Lease | $127.80M | $126.29M | $156.24M | |||||
| Net Leasing | — | — | — | |||||
| Operating Properties | $97.81M | $112.80M | $110.04M | |||||
| Corporate/ Other | — | — | — | |||||
| Corporate & Other | — | — | — | |||||
| Real Estate Investment Including Oreoand Rehi | — | — | — | |||||
| Corporate, Non-Segment | — | — | — | |||||
| Land | — | — | — | |||||
| Land: | — | — | — | |||||
| Total | $451.35M | $672.25M | $786.30M |
Safehold brought in $786.30M from its four segments in fiscal 2018, the year ended December 31, 2018. That was up 17.0% from $672.25M in fiscal 2017. Land & Development was the largest at $417.59M (53.1%), ahead of Net Lease at $156.24M (19.9%) and Operating Properties at $110.04M (14.0%). The remaining segment, Real Estate Finance, brought in $102.43M.
Compared with fiscal 2017, Land & Development grew fastest, up 28.9% to $417.59M, while Real Estate Finance fell the most, down 6.2% to $102.43M. From fiscal 2016 to 2018, combined revenue from these segments grew from $451.35M to $786.30M, a compound annual growth rate of 32.0%. Land & Development's share of the total rose from 20.4% to 53.1%.
Safehold (SAFE) reports its revenue by product and service and by segment. In fiscal 2020, Land Development Revenue was its largest product and service line, bringing in $164.70M (50.8% of the total), followed by Other Income at $78.45M (24.2%).
Land Development Revenue was Safehold's largest product and service line in fiscal 2020, bringing in $164.70M, or 50.8% of the $324.10M total across its four product and service lines.
Land & Development was Safehold's largest segment in fiscal 2018, bringing in $417.59M, or 53.1% of the $786.30M total across its four segments.
Among Safehold's product and service lines that make up at least 2% of revenue, Other Income grew fastest in fiscal 2020, up 69.9% from $46.18M to $78.45M.
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 product and service goes back to fiscal 2016, with figures through fiscal 2020. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.