Safehold Inc. (SAFE)
Safehold Inc. (SAFE)
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net income (loss) | 28,897 | 27,933 | 29,318 | 57,379 |
| Depreciation and amortization | 1,848 | 2,110 | 2,113 | 4,323 |
| Stock-based compensation expense | 3,779 | 2,870 | 3,111 | 6,568 |
| Write-off of investment in preferred equity | NaN | 0 | 0 | 1,945 |
| Deferred operating lease income | 7,516 | 7,548 | 7,574 | 15,208 |
| Non-cash interest income from sales-type leases | 26,565 | 26,160 | 25,837 | 49,506 |
| Non-cash interest expense | 2,671 | 4,634 | 2,469 | 6,882 |
| Amortization of real estate-related intangibles, net | 465 | 578 | 577 | 1,155 |
| Provision for (recovery of) credit losses | 498 | 893 | 1,025 | 4,646 |
| Loss on early extinguishment of debt | NaN | -2,224 | NaN | NaN |
| (earnings) losses from equity method investments | 4,035 | 4,331 | 4,654 | 9,904 |
| Distributions from operations of equity method investments | 1,527 | 1,412 | 1,217 | 4,795 |
| Amortization of premium, discount and deferred financing costs on debt obligations, net | 2,224 | 2,130 | 2,054 | 4,097 |
| Proceeds received from derivative transactions | NaN | NaN | 13,127 | NaN |
| Proceeds paid (received) from derivative transactions | NaN | 13,127 | NaN | NaN |
| Other operating activities | 1,233 | -2,064 | -32 | -1,414 |
| Changes in deferred expenses and other assets, net | 7,823 | 164 | 12,811 | -15,378 |
| Changes in accounts payable, accrued expenses and other liabilities | -5,802 | 7,802 | -5,510 | 5,766 |
| Cash flows provided by (used in) operating activities | -8,599 | 12,319 | -1,407 | 36,902 |
| Origination/acquisition of net investment in sales-type leases and ground lease receivables | 67,783 | 53,244 | 47,994 | 81,293 |
| Origination and fundings of loans receivable, net | 15,983 | 970 | 3,219 | 42,090 |
| Contributions to equity method investments | 2,561 | 5,040 | 8,452 | 15,387 |
| Distributions from equity method investments | NaN | 0 | 0 | 9,528 |
| Net proceeds received from sale of real estate available and held for sale | 566 | 927 | 1,371 | 1,809 |
| Proceeds received from derivative transactions | 860 | 1,282 | 1,704 | 3,351 |
| Other investing activities | 601 | -52 | -366 | -121 |
| Cash flows provided by (used in) investing activities | -85,502 | -56,993 | -56,224 | -123,961 |
| Proceeds from issuance of common stock | NaN | 0 | NaN | NaN |
| Proceeds from debt obligations | 790,000 | 1,087,600 | 380,735 | 543,000 |
| Repayments of debt obligations | 680,000 | 791,000 | 312,000 | 420,000 |
| Purchase of marketable securities in connection with the defeasance of mortgage notes payable | NaN | 228,876 | NaN | NaN |
| Payments for debt prepayment or extinguishment costs | NaN | 407 | NaN | NaN |
| Payments for deferred financing costs | 173 | 501 | 25 | 441 |
| Dividends paid to common shareholders | 12,693 | 12,693 | 12,693 | 25,538 |
| Repurchase of common stock | 3,200 | NaN | NaN | NaN |
| Payments for withholding taxes upon vesting for stock-based compensation | 2,435 | 0 | 0 | 3,975 |
| Redemption of noncontrolling interests | NaN | 0 | 0 | 125 |
| Distributions to noncontrolling interests | 13 | 33 | 3 | 43 |
| Other financing activities | NaN | NaN | -61 | NaN |
| Cash flows provided by (used in) financing activities | 91,486 | 54,151 | 55,953 | 92,878 |
| Changes in cash, cash equivalents and restricted cash | -2,615 | 9,477 | -1,678 | 5,819 |
| Cash, cash equivalents and restricted cash at beginning of period | 30,736 | 21,259 | 17,118 | NaN |
| Cash, cash equivalents and restricted cash at end of period | 28,121 | 30,736 | 21,259 | NaN |