FY2025 · ended Dec 31, 2025 · Revenue $385.55M, +5.4% YoY · Filed Feb 12, 2026
Safehold Inc. (SAFE) files with the SEC under industry code 6798, Real Estate Investment Trusts. In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $385.6 million and net income of $114.5 million. As of Sep 30, 2026 it held $29.9 million in cash and investments and $4.8 billion in total debt.
Revenue (TTM)
$442.05M
+16.5% vs year-ago TTM
Net income (TTM)
$115.70M
+2.7% vs year-ago TTM
Operating cash flow (TTM)
$43.84M
+1.0% vs year-ago TTM
Free cash flow
—
EPS (TTM)
$1.62
+2.9% vs year-ago TTM
Dividend per share (TTM)
$0.71
+0.0% vs year-ago TTM
Shares outstanding
71.76M
+0.4% vs prior year
Net cash
$-4.78B
as of Sep 30, 2026
Operating margin
24.9%
FY 2026
Company profile
- Industry
- Real Estate Investment Trusts (SIC 6798)
- Listed as
- SAFE (NYSE)
- Fiscal year ends
- December 31
- Incorporated in
- MD
- Headquarters
- New York, NY
- SEC filer status
- Large accelerated filer
- SEC CIK
- 1095651
- Former names
- ISTAR INC. (until Apr 5, 2023); ISTAR FINANCIAL INC (until Aug 19, 2015); STARWOOD FINANCIAL INC (until Mar 30, 2000)
Other Real Estate Investment Trusts companies
- Welltower Inc. WELL
- Prologis, Inc. PLD
- Equinix Inc EQIX
- American Tower Corp /MA/ AMT
- Simon Property Group Inc. SPG
- Digital Realty Trust, Inc. DLR
- Public Storage PSA
- Realty Income Corp O
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | FY 2025 Dec 31, 2025 |
FY 2024 Dec 31, 2024 |
FY 2023 Dec 31, 2023 |
FY 2022 Dec 31, 2022 |
FY 2021 Dec 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $385.6M | $365.7M | $352.6M | $270.3M | $187.0M |
| Operating income | $100.9M | $87.1M | -$77.1M | — | — |
| Net income | $114.5M | $105.8M | -$55.0M | $135.4M | $73.1M |
| Diluted EPS | $1.59 | $1.48 | -$0.82 | $2.17 | $1.32 |
| Operating cash flow | $47.8M | $37.9M | $15.4M | $64.9M | $26.9M |
| Total assets | $7.2B | $6.9B | $6.5B | $5.9B | $4.8B |
| Total liabilities | $4.8B | $4.5B | $4.3B | $3.7B | $3.8B |
| Stockholders' equity | $2.4B | $2.3B | $2.2B | $2.1B | $851.3M |
| Cash and investments | $21.7M | $8.3M | $18.8M | $20.1M | $29.6M |
| Total debt | $4.6B | $4.3B | $4.1B | $3.5B | $2.6B |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 10-Q | Quarterly report | Nov 4, 2026 | Sep 30, 2026 |
| 8-K |
Current report
Other events
|
Nov 3, 2026 | Nov 3, 2026 |
| 8-K |
Current report
Results of operations, Regulation FD disclosure
|
Nov 3, 2026 | Nov 3, 2026 |
| 8-K |
Current report
Other events
|
Oct 2, 2026 | Sep 29, 2026 |
| 8-K |
Current report
Other events
|
Aug 3, 2026 | Aug 1, 2026 |
| 10-Q | Quarterly report | Jul 31, 2026 | Jun 30, 2026 |
All 1003 Safehold Inc. SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.