Safehold Inc. (SAFE) stock
SAFENYSEReal Estate Investment TrustsFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 4, 2026Score 20/3060% below fair value
$9.85−0.63 (-6.01%)
Close on Nov 12, 2026Market cap $697.54MP/E 6.1Yield 7.19%
Safehold operating margin
Operating margin is operating income as a percentage of revenue.
Safehold's operating margin for the twelve months ending Sep 30, 2026 was 24.9%. For fiscal 2025 it was 26.2%, against 23.8% the year before. The highest annual figure on record is 50.2% in fiscal 2022.
Annual operating margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 26.2% | +2.4 |
| FY2024 | Dec 31, 2024 | 23.8% | +45.7 |
| FY2023 | Dec 31, 2023 | -21.9% | −72.0 |
| FY2022 | Dec 31, 2022 | 50.2% | +15.2 |
| FY2021 | Dec 31, 2021 | 35.0% | – |
Quarterly operating margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | 24.7% | −1.2 |
| Q2 FY2026 | Jun 30, 2026 | 24.6% | −0.8 |
| Q1 FY2026 | Mar 31, 2026 | 23.0% | −2.9 |
| Q4 FY2025 | Dec 31, 2025 | 27.4% | +2.8 |
| Q3 FY2025 | Sep 30, 2025 | 25.9% | +8.4 |
| Q2 FY2025 | Jun 30, 2025 | 25.5% | −1.2 |
| Q1 FY2025 | Mar 31, 2025 | 25.9% | −0.5 |
| Q4 FY2024 | Dec 31, 2024 | 24.6% | −9.2 |
| Q3 FY2024 | Sep 30, 2024 | 17.5% | +169.7 |
| Q2 FY2024 | Jun 30, 2024 | 26.7% | +8.2 |
| Q1 FY2024 | Mar 31, 2024 | 26.4% | +23.2 |
| Q4 FY2023 | Dec 31, 2023 | 33.9% | −30.2 |
| Q3 FY2023 | Sep 30, 2023 | -152.2% | −254.2 |
| Q2 FY2023 | Jun 30, 2023 | 18.5% | −13.1 |
| Q1 FY2023 | Mar 31, 2023 | 3.1% | −34.4 |
| Q4 FY2022 | Dec 31, 2022 | 64.0% | – |
| Q3 FY2022 | Sep 30, 2022 | 102.0% | – |
| Q2 FY2022 | Jun 30, 2022 | 31.5% | – |
| Q1 FY2022 | Mar 31, 2022 | 37.5% | – |
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