v3.26.3
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Revenues:        
Interest income from sales-type leases $ 78,767 $ 72,429 $ 230,703 $ 212,735
Operating lease income 15,841 16,993 51,803 55,081
Hotel revenues 18,000   43,801  
Interest income [1] 3,401 3,085 9,801 8,130
Other income [2] 2,670 3,655 8,071 11,735
Total revenues 118,679 96,162 344,179 287,681
Costs and expenses:        
Interest expense 55,905 52,497 164,608 154,188
Hotel expenses 14,736   40,863  
Real estate expense 786 1,397 2,866 3,436
Depreciation and amortization 1,876 2,113 5,573 6,436
General and administrative 14,270 13,067 43,916 40,153
Provision for (recovery of) credit losses 1,737 1,025 2,505 5,671
Other expense 54 1,184 730 3,698
Total costs and expenses 89,364 71,283 261,061 213,582
Income (loss) from operations before other items 29,315 24,879 83,118 74,099
Earnings (losses) from equity method investments 3,517 4,654 11,413 14,558
Net income (loss) before income taxes 32,832 29,533 94,531 88,657
Income tax expense (1,484) (215) (3,563) (1,960)
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 $ 28,807 $ 29,282 $ 87,823 $ 86,593
Net income (loss)        
Basic (dollars per share) $ 0.41 $ 0.41 $ 1.23 $ 1.21
Diluted (dollars per shares) $ 0.41 $ 0.41 $ 1.23 $ 1.21
Weighted average number of common shares:        
Basic (in shares) 70,857 71,756 71,372 71,673
Diluted (in shares) 70,982 71,843 71,509 71,760
[1] For the three months ended September 30, 2026 and 2025, includes $2.4 million and $2.4 million, respectively, of interest income from related parties. For the nine months ended September 30, 2026 and 2025, includes $7.0 million and $7.1 million, respectively, of interest income from related parties.
[2] For the three months ended September 30, 2026 and 2025, includes $1.9 million and $2.7 million, respectively, of management fees from related parties. For the nine months ended September 30, 2026 and 2025, includes $5.8 million and $9.0 million, respectively, of management fees from related parties.