| Balance Sheets | 2025-09-30 | 2025-06-30 | ||
|---|---|---|---|---|
| Total undiscounted cash flows | 33,945,980 | - | ||
| Unguaranteed estimated residual value | 3,090,615 | - | ||
| Present value discount | 33,500,354 | - | ||
| Allowance for credit losses | 8,966 | - | ||
| Net investment in sales-type leases (8,966 and 6,821 of allowances as of september 30, 2025 and december 31, 2024, respectively) | 3,527,275 | 3,511,257 | ||
| Ground lease receivables, net (5,992 and 3,664 of allowances as of september 30, 2025 and december 31, 2024, respectively) | 1,961,019 | 1,903,883 | ||
| Real estate, at cost | 740,971 | 740,971 | ||
| Less accumulated depreciation | 50,797 | 49,373 | ||
| Real estate, net | 690,174 | 691,598 | ||
| Real estate-related intangible assets, net | 205,399 | 206,782 | ||
| Real estate available and held for sale | 2,955 | 5,187 | ||
| Total real estate, net and real estate-related intangible assets, net and real estate available and held for sale | 898,528 | 903,567 | ||
| Loans receivable, net-Nonrelated Party | 44,966 | 43,301 | ||
| Loans receivable, net-Related Party | 112,544 | 112,533 | ||
| Equity investments | 272,890 | 261,107 | ||
| Cash and cash equivalents | 12,123 | 13,907 | ||
| Restricted cash | 9,136 | 9,030 | ||
| Deferred tax asset, net | 3,893 | 3,669 | ||
| Deferred operating lease income receivable | 233,552 | 225,978 | ||
| Deferred expenses and other assets, net | 72,120 | 74,926 | ||
| Total assets | 7,148,046 | 7,063,158 | ||
| Interest payable | 98,555 | - | ||
| Other liabilities | 17,602 | - | ||
| Dividends declared and payable | 13,446 | - | ||
| Operating lease liabilities | 7,092 | - | ||
| Accrued expenses | 13,803 | - | ||
| Accounts payable, accrued expenses and other liabilities | 150,498 | 152,174 | ||
| Real estate-related intangible liabilities, net | 62,297 | 62,505 | ||
| Long Term Debt Maturities Repayments Of Principal In Year Two | 237,000 | - | ||
| 2027 | 237,000 | - | ||
| Long Term Debt Maturities Repayments Of Principal In Year Three | 79,193 | - | ||
| 2028 | 79,193 | - | ||
| Long Term Debt Maturities Repayments Of Principal In Year Four | 881,000 | - | ||
| 2029 | 881,000 | - | ||
| Thereafter | 3,369,247 | - | ||
| Total principal maturities | 4,566,440 | - | ||
| Debt premium, discount and deferred financing costs, net | 52,480 | - | ||
| Debt obligations, net | 4,513,960 | 4,444,412 | ||
| Total liabilities | 4,726,755 | 4,659,091 | ||
| Common stock, 0.01 par value, 400,000 shares authorized, 71,756 and 71,440 shares issued and outstanding as of september 30, 2025 and december 31, 2024, respectively | 717 | 717 | ||
| Additional paid-in capital | 2,197,820 | 2,196,759 | ||
| Retained earnings | 150,674 | 134,186 | ||
| Accumulated other comprehensive income (loss) | 41,052 | 41,730 | ||
| Total safehold inc. shareholders' equity | 2,390,263 | 2,373,392 | ||
| Noncontrolling interests | 31,028 | 30,675 | ||
| Total equity | 2,421,291 | 2,404,067 | ||
| Total liabilities and equity | 7,148,046 | 7,063,158 | ||
Safehold Inc. (SAFE)
Safehold Inc. (SAFE)