Safehold Inc.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $385.6M | $365.7M | $352.6M | $270.3M | $187.0M |
| Cost of revenue | $4.8M | $4.2M | $4.7M | $3.1M | $2.7M |
| Operating income | $100.9M | $87.1M | -$77.1M | $135.6M | $65.5M |
| Interest expense | — | — | $181.0M | $129.0M | $79.7M |
| Pretax income | $117.6M | $110.1M | -$52.8M | $144.7M | $73.4M |
| Income tax expense | $2.9M | $3.4M | $1.7M | $567,000 | -$118,000 |
| Net income | $114.5M | $105.8M | -$55.0M | $135.4M | $73.1M |
| Balance Sheet | |||||
| Cash and equivalents | $21.7M | $8.3M | $18.8M | $20.1M | $29.6M |
| Total assets | $7.2B | $6.9B | $6.5B | $5.9B | $4.8B |
| Total liabilities | $4.8B | $4.5B | $4.3B | $3.7B | $3.8B |
| Total debt | $4.6B | $4.4B | $4.1B | $3.6B | $2.6B |
| Stockholders' equity | $2.4B | $2.3B | $2.2B | $2.1B | $851.3M |
| Cash Flow Statement | |||||
| Cash from operations | $47.8M | $37.9M | $15.4M | $64.9M | $26.9M |
| Depreciation and amortization | $8.5M | $9.9M | $9.9M | $5.5M | $59.3M |
| Stock-based compensation | $12.5M | $13.8M | $23.2M | $1.5M | $1.8M |
| Dividends paid | $50.9M | $50.6M | $46.0M | $42.2M | $35.9M |
| Share repurchases | — | — | — | — | $122.6M |
| Impairments | — | — | $145.4M | $15.1M | $678,000 |
Shares outstanding 71.6M · Free float 71.4%
Annual filing data through FY ended December 31, 2025; float as of July 12, 2026.