| Schedule of Earnings Per Share |
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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