| Earnings Per Share |
Note 14—Earnings Per Share Earnings per share (“EPS”) is calculated by dividing net income attributable to common shareholders by the weighted average number of shares outstanding for the period. The following tables present a reconciliation of net income used in the basic and diluted EPS calculations ($ and shares in thousands, except for per share data): | | | | | | | | | | | | | | | Three Months Ended | | Nine Months Ended | | | September 30, | | September 30, | | | 2026 | | 2025 | | 2026 | | 2025 | Net income (loss) | | $ | 31,348 | | $ | 29,318 | | $ | 90,968 | | $ | 86,697 | Net (income) loss attributable to noncontrolling interests | | | (2,541) | | | (36) | | | (3,145) | | | (104) | Net income (loss) attributable to Safehold Inc. common shareholders for basic and diluted earnings per common share | | $ | 28,807 | | $ | 29,282 | | $ | 87,823 | | $ | 86,593 |
| | | | | | | | | | | | | | | | Three Months Ended | | Nine Months Ended | | | | September 30, | | September 30, | | | | 2026 | | 2025 | | 2026 | | 2025 | | Earnings attributable to common shares: | | | | | | | | | | | | | | Numerator for basic and diluted earnings per share: | | | | | | | | | | | | | | Net income (loss) attributable to Safehold Inc. common shareholders - basic | | $ | 28,807 | | $ | 29,282 | | $ | 87,823 | | $ | 86,593 | | Net income (loss) attributable to Safehold Inc. common shareholders - diluted | | $ | 28,807 | | $ | 29,282 | | $ | 87,823 | | $ | 86,593 | | | | | | | | | | | | | | | | Denominator for basic and diluted earnings per share: | | | | | | | | | | | | | | Weighted average common shares outstanding for basic earnings per common share | | | 70,857 | | | 71,756 | | | 71,372 | | | 71,673 | | Add: Effect of assumed shares under treasury stock method for restricted stock units | | | 125 | | | 87 | | | 137 | | | 87 | | Weighted average common shares outstanding for diluted earnings per common share | | | 70,982 | | | 71,843 | | | 71,509 | | | 71,760 | | | | | | | | | | | | | | | | Basic and diluted earnings per common share: | | | | | | | | | | | | | | Net income (loss) attributable to Safehold Inc. common shareholders - basic | | $ | 0.41 | | $ | 0.41 | | $ | 1.23 | | $ | 1.21 | | Net income (loss) attributable to Safehold Inc. common shareholders - diluted | | $ | 0.41 | | $ | 0.41 | | $ | 1.23 | | $ | 1.21 | |
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