Safehold Inc. (SAFE) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Assets | 7.38B | 7.25B | 7.15B | 7.06B | 6.93B | 6.9B | 6.81B | 6.77B | 6.67B | 6.55B | 6.44B | 6.42B | 6.29B | 5.85B | 5.79B | 5.54B | 5.19B | 4.52B | 3.82B | 3.44B |
| Asset Growth % | 6.53% | 5.07% | 4.89% | 4.35% | 3.83% | 5.36% | 5.77% | 5.45% | 6.09% | 11.92% | 11.25% | 15.81% | 21.27% | 29.57% | 51.42% | 61.17% | 59.51% | 40.72% | 34.17% | 21.54% |
| Real Estate & Other Assets | 750.42M | 74.06M | -2.79B | 738.52M | 753.38M | 769.16M | 753.22M | 807.9M | 790.49M | 756.14M | 29.66M | 21.89M | 22.13M | 743.52M | 735.51M | 718.99M | 721.61M | 723.86M | 725.08M | 737.26M |
| PP&E (Net) | 25.75M | 0 | 27.8M | 28M | 29.19M | 30.35M | 31.52M | 32.67M | 33.82M | 34.94M | 740.66M | 740.79M | 743.43M | 26.31M | 26.59M | 26.88M | 27.16M | 27.43M | 27.71M | 27.99M |
| Investment Securities | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Total Current Assets | 2.51B | 2.43B | 5.9B | 2.31B | 2.22B | 2.18B | 2.13B | 2.09B | 2.01B | 1.97B | 5.08B | 4.98B | 4.89B | 1.58B | 1.57B | 1.48B | 1.3B | 954.16M | 876.07M | 831.72M |
| Cash & Equivalents | 19.3M | 21.7M | 12.12M | 13.91M | 17.3M | 8.35M | 15.58M | 13.42M | 11.28M | 18.76M | 11.48M | 14.28M | 20.34M | 20.07M | 35.57M | 25M | 30.56M | 29.62M | 43.87M | 33.95M |
| Receivables | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Other Current Assets | 8.82M | 7M | 3.54B | 9.03M | 8.69M | 8.77M | 8.68M | 8.6M | 27.89M | 30.07M | 150.34M | 151.84M | 145.94M | 28.32M | 58M | 86.62M | 125.71M | 8.9M | 3.83M | 3.78M |
| Intangible Assets | 203.13M | 204.02M | 205.4M | 206.78M | 207.35M | 208.73M | 210.4M | 210.99M | 212.66M | 211.11M | 212.77M | 214.45M | 216.12M | 217.79M | 219.47M | 223.3M | 222.5M | 224.18M | 222.61M | 239.66M |
| Total Liabilities | 4.92B | 4.81B | 4.73B | 4.66B | 4.55B | 4.53B | 4.5B | 4.39B | 4.33B | 4.25B | 4.12B | 4.17B | 4.09B | 3.69B | 3.65B | 3.49B | 3.16B | 2.83B | 2.16B | 2.02B |
| Total Debt | 4.6B | 4.49B | 4.42B | 4.35B | 4.25B | 4.23B | 4.21B | 4.1B | 4.06B | 3.97B | 3.95B | 4B | 3.92B | 3.53B | 3.46B | 3.28B | 2.92B | 2.7B | 2.03B | 1.9B |
| Net Debt | 4.58B | 4.47B | 4.41B | 4.34B | 4.23B | 4.22B | 4.19B | 4.09B | 4.05B | 3.95B | 3.94B | 3.99B | 3.9B | 3.51B | 3.43B | 3.25B | 2.89B | 2.67B | 1.99B | 1.87B |
| Long-Term Debt | 4.6B | 4.49B | 4.41B | 4.34B | 4.24B | 4.22B | 4.2B | 4.09B | 4.04B | 3.95B | 3.94B | 3.98B | 3.9B | 3.52B | 3.46B | 3.27B | 2.91B | 2.7B | 2.03B | 1.9B |
| Short-Term Borrowings | 0 | 0 | 0 | 3.1M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 5.59M | 5.62M | 7.09M | 7.57M | 8.98M | 10.37M | 11.75M | 13.1M | 14.44M | 15.75M | 17.05M | 18.34M | 19.64M | 5.47M | 5.5M | 5.54M | 5.57M | 5.61M | 5.64M | 5.67M |
| Total Current Liabilities | 133.18M | 136.3M | 125.8M | 127.39M | 117.64M | 117.51M | 111.26M | 105.08M | 90.44M | 101.14M | 105.94M | 101.45M | 106.57M | 80.35M | 72.81M | 69.39M | 60.83M | 48.89M | 49.32M | 42.91M |
| Accounts Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 14.67M | 16.18M | 30.04M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 184.73M | 181.58M | 179.9M | 179.73M | 180.07M | 180.03M | 178.72M | 177.74M | 177.26M | 181.38M | 63.96M | 64.17M | 64.38M | 79.13M | 109.15M | 137.86M | 175.84M | 78.53M | 73.17M | 73.39M |
| Total Equity | 2.46B | 2.44B | 2.42B | 2.4B | 2.38B | 2.37B | 2.32B | 2.38B | 2.35B | 2.3B | 2.32B | 2.25B | 2.2B | 2.16B | 2.15B | 2.06B | 2.03B | 1.69B | 1.67B | 1.42B |
| Equity Growth % | 3.37% | 2.77% | 4.48% | 0.91% | 1.39% | 3.41% | -0.04% | 5.76% | 6.84% | 6.05% | 8.06% | 9.55% | 8.21% | 28.45% | 28.58% | 44.91% | 44.28% | 22% | 33.58% | 14.58% |
| Shareholders Equity | 2.43B | 2.41B | 2.39B | 2.37B | 2.35B | 2.34B | 2.29B | 2.31B | 2.28B | 2.23B | 2.26B | 2.2B | 2.15B | 2.14B | 2.11B | 2.03B | 2.01B | 1.68B | 1.67B | 1.42B |
| Minority Interest | 33.18M | 31.57M | 31.03M | 30.68M | 30.34M | 30.01M | 29.7M | 69.56M | 65.05M | 64.42M | 54.09M | 53.49M | 46.51M | 23.07M | 31.68M | 22.32M | 22.25M | 2.92M | 2.68M | 2.45M |
| Common Stock | 718K | 717K | 717K | 717K | 717K | 714K | 714K | 714K | 714K | 711K | 710K | 639K | 639K | 624K | 622K | 621K | 619K | 566K | 566K | 533K |
| Additional Paid-in Capital | 2.2B | 2.2B | 2.2B | 2.2B | 2.2B | 2.19B | 2.19B | 2.19B | 2.19B | 2.18B | 2.18B | 2.03B | 2.03B | 1.99B | 1.98B | 1.98B | 1.97B | 1.66B | 1.66B | 1.42B |
| Retained Earnings | 181.8M | 165.74M | 150.67M | 134.19M | 119.03M | 102.47M | 89.17M | 82.6M | 65.63M | 47.58M | 19.12M | 154.83M | 144.16M | 151.23M | 140.47M | 85.41M | 73.71M | 59.37M | 48.45M | 37.87M |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Return on Assets (ROA) | 0.39% | 0.39% | 0.41% | 0.4% | 0.42% | 0.38% | 0.28% | 0.44% | 0.46% | 0.63% | -1.91% | 0.35% | 0.08% | 0.37% | 1.17% | 0.42% | 0.51% | 0.51% | 0.56% | 0.44% |
| Return on Equity (ROE) | 1.18% | 1.15% | 1.21% | 1.17% | 1.23% | 1.11% | 0.82% | 1.25% | 1.32% | 1.79% | -5.38% | 0.99% | 0.21% | 1.01% | 3.15% | 1.11% | 1.34% | 1.27% | 1.31% | 1.04% |
| Debt / Assets | 62.35% | 61.96% | 61.85% | 61.62% | 61.34% | 61.28% | 61.74% | 60.63% | 60.8% | 60.63% | 61.38% | 62.32% | 62.34% | 60.28% | 59.81% | 59.16% | 56.28% | 59.86% | 53.17% | 55.36% |
| Debt / Equity | 1.87x | 1.84x | 1.83x | 1.81x | 1.79x | 1.78x | 1.82x | 1.72x | 1.73x | 1.73x | 1.71x | 1.78x | 1.78x | 1.63x | 1.61x | 1.59x | 1.44x | 1.60x | 1.22x | 1.34x |
| Net Debt / EBITDA | 61.27x | 54.91x | 162.74x | 162.94x | 150.78x | 164.25x | 221.38x | 151.13x | 146.32x | 104.11x | - | 210.56x | 718.71x | 156.79x | 45.04x | 138.82x | 112.79x | 121.40x | 103.49x | 110.91x |
| Book Value per Share | 34.20 | 33.95 | 33.70 | 33.48 | 33.24 | 33.23 | 32.39 | 33.34 | 32.97 | 32.28 | 34.10 | 35.23 | 34.52 | 34.41 | 34.52 | 33.16 | 34.95 | 31.10 | 31.18 | 26.61 |