← Safehold Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $477.0m |
$679.2m
+42.38%
|
$798.1m
+17.51%
|
$479.5m
-39.92%
|
$530.9m
+10.73%
|
$308.6m
-41.87%
|
$158.1m
-48.79%
|
$352.6m
+123.08%
|
$365.7m
+3.72%
|
$385.6m
+5.43%
|
$419.5m
+8.81%
|
|
| Cost of Revenue | $408.3m |
$621.5m
+52.22%
|
$723.5m
+16.42%
|
$46.1m
-93.62%
|
$460.7m
+898.80%
|
$2.7m
-99.42%
|
$3.1m
+16.79%
|
$4.7m
+49.61%
|
$4.2m
-9.22%
|
$4.8m
+12.71%
|
$30.9m
+549.63%
|
|
| Gross Profit (Calculated) (derived) | $68.7m |
$57.7m
-16.02%
|
$74.6m
+29.25%
|
$433.4m
+480.74%
|
$70.3m
-83.79%
|
$306.0m
+335.47%
|
$154.9m
-49.36%
|
$347.9m
+124.55%
|
$361.5m
+3.89%
|
$380.8m
+5.35%
|
— | |
| General and Administrative Expense | $84.0m | $98.9m | $92.1m | $98.6m | $100.9m | $131.7m | $21.3m | $68.6m | $54.9m | $54.3m | $56.9m | |
| Amortization of Intangible Assets | $1.9m | $1.9m | $7.2m | $9.6m | $10.5m | $1.0m | $100k | — | — | — | — | |
| Operating Lease, Lease Income | $213.0m | $187.7m | — | — | — | $67.7m | $66.8m | $71.3m | $71.1m | $72.1m | — | |
| Operating Lease, Expense | — | — | — | — | $5.4m | $5.2m | $5.2m | — | — | — | — | |
| Operating expenses: | ||||||||||||
| Operating Income (Loss) | ($15.3m) |
($41.1m)
-169.28%
|
($17.5m)
+57.44%
|
$334.8m
+2011.73%
|
($30.6m)
-109.15%
|
$16.5m
+153.75%
|
($196.7m)
-1295.35%
|
($77.1m)
+60.82%
|
$87.1m
+212.98%
|
$100.9m
+15.86%
|
$321.1m
+218.24%
|
|
| Interest Expense | $221.4m | $194.7m | $183.8m | $183.9m | $169.6m | $115.4m | $98.1m | $181.0m | $198.0m | $206.7m | $213.7m | |
| Interest Income, Operating | — | — | — | — | — | — | — | $7.1m | $9.5m | $11.2m | — | |
| Foreign Currency Transaction Gain (Loss), before Tax | $100k | $200k | — | — | — | — | — | — | — | — | — | |
| Income (Loss) from Equity Method Investments | $77.3m | $13.0m | ($5.0m) | $41.8m | $42.1m | $154.3m | $58.7m | $24.2m | $23.0m | $18.9m | — | |
| Other Expenses | $5.9m | $21.0m | $6.0m | $13.1m | $569k | $8.1m | $8.9m | $17.9m | $2.0m | $3.8m | — | |
| Other Income | $46.5m | $188.1m | — | — | — | $523k | $1.2m | $38.6m | $20.9m | $16.2m | — | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | ($15.3m) | ($41.1m) | ($17.5m) | $334.8m | ($30.6m) | $16.5m | ($196.7m) | ($52.8m) | $110.1m | $117.6m | $120.1m | |
| Income Tax Expense (Benefit) | ($10.2m) | ($948k) | $815k | $438k | $235k | ($118k) | $567k | $1.7m | $3.4m | $2.9m | $3.3m | |
| Net Income (Loss) Attributable to Parent | $95.3m |
$175.7m
+84.33%
|
($32.3m)
-118.36%
|
$324.0m
+1104.41%
|
($42.4m)
-113.10%
|
$132.5m
+412.15%
|
$421.3m
+218.00%
|
($55.0m)
-113.05%
|
$105.8m
+292.39%
|
$114.5m
+8.23%
|
$116.2m
+1.49%
|
|
| Net Income (Loss) Available to Common Stockholders, Basic | $44.0m |
$110.9m
+152.26%
|
($64.8m)
-158.38%
|
$291.5m
+550.22%
|
($65.9m)
-122.62%
|
$109.0m
+265.29%
|
$397.8m
+265.00%
|
($55.0m)
-113.82%
|
$105.8m
+292.39%
|
$114.5m
+8.23%
|
$116.2m
+1.49%
|
|
| Net Income (Loss) from Continuing Operations Available to Common Shareholders, Basic | $0 | ($17.4m) | ($64.8m) | $291.5m | ($65.9m) | ($6.8m) | ($220.8m) | ($55.0m) | $105.8m | $114.5m | $116.2m | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $4.9m | $4.5m | $13.9m | $10.3m | $11.6m | ($75k) | $9.3m | $408k | $852k | $161k | $116.2m | |
| Preferred Stock Dividends and Other Adjustments | — | — | — | — | — | — | $23.5m | — | — | — | — | |
| Preferred Stock Dividends, Income Statement Impact | $51.3m | $64.8m | $32.5m | $32.5m | $23.5m | $23.5m | $23.5m | — | — | — | — | |
| Undistributed Earnings (Loss) Allocated to Participating Securities, Basic | $14k | — | — | — | — | — | — | — | — | — | — | |
| Earnings Per Share, Basic | $0.60 | $1.56 | ($0.95) | $4.51 | ($0.87) | $1.51 | $4.92 | ($0.82) | $1.48 | $1.60 | $1.62 | |
| Earnings Per Share, Diluted | $0.55 | $1.56 | ($0.95) | $3.73 | ($0.87) | $1.51 | $4.92 | ($0.82) | $1.48 | $1.59 | $1.61 | |
| Income (Loss) from Continuing Operations, Per Basic Share | $1 | ($0) | ($1) | $5 | ($1) | ($0) | ($3) | ($1) | $1 | $2 | — | |
| Income (Loss) from Continuing Operations, Per Diluted Share | $1 | ($0) | ($1) | $4 | — | ($0) | ($3) | — | — | — | — | |
| Common Stock, Dividends, Per Share, Declared | $0.60 | $0.00 | $0.18 | $0.39 | $0.43 | $0.48 | $0.38 | $0.71 | $0.71 | $0.71 | — | |
| Weighted Average Number of Shares Outstanding, Basic | 73.5m | 71.0m | 68.0m | 64.7m | 75.7m | 71.8m | 80.7m | 66.7m | 71.4m | 71.7m | 71.7m | |
| Weighted Average Number of Shares Outstanding, Diluted | 98.5m | 71.0m | 68.0m | 80.7m | 75.7m | 71.8m | 80.7m | 66.7m | 71.5m | 71.8m | 71.8m | |
| Additional Financial Items | ||||||||||||
| Goodwill, Impairment Loss | — | — | — | — | — | — | — | $145.4m | — | — | $0 | |
| Management Fee Expense | — | — | — | — | — | — | — | $5.2m | — | — | — | |
| Sales-type Lease, Selling Profit (Loss) | — | — | — | $180.4m | $0 | $25.0m | — | — | — | — | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | ($5.1m) | ($40.2m) | ($18.3m) | $334.3m | $11.6m | $16.6m | ($197.3m) | $408k | $852k | $161k | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $4.9m | $4.5m | $13.9m | $10.3m | $11.6m | $121.5m | $797.7m | $408k | $852k | $161k | — |