The financials
Safehold Inc. by the numbers
Safehold Inc. (SAFE) reported revenue of $111M in Q1 2026 (quarter ended March 31, 2026), up 13% from the same quarter a year earlier. That came with net income of $29M (26% of revenue). For the full year FY2025, revenue was $386M (+5.4% year on year) and net income $114M. Its largest segment in 2026-Q1 was Ground Leases at $101M, 91% of the disclosed total, just ahead of Hotel Operations at 8.9%.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $111M | $98M | +13% |
| Operating income | $26M | $25M | +1.0% |
| Net income | $29M | $29M | −1.7% |
| Diluted EPS | $0.40 | $0.41 | −2.4% |
| Operating | Revenue | Share |
|---|---|---|
| Ground Leases | $101M | 91% |
| Hotel Operations | $9.9M | 8.9% |
Business Segments
Revenue split by operating segment, from SEC XBRL filings.
Latest period: Q1 2026Total $110.9M (+1863%)
Segment Latestyear on year
- Ground Leases$101.0M$101.0Myear on year --
- Hotel Operations$9.9M$9.9Myear on year --
- Land And Development--year on year --
- Net Leasing--year on year --
- Operating Property--year on year --
- Real Estate Lending--year on year --