Safehold annual operating expenses
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Safehold Operating Expenses Growth & History (SAFE)
Safehold's operating expenses was $284.7M for fiscal 2025.
View full Safehold company overviewSafehold annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $284.7M | $6.1M | +2.17% |
| 2024 | 2024-12-31 | $278.6M | −$151.5M | −35.22% |
| 2023 | 2023-12-31 | $430.1M | $298.5M | +226.89% |
| 2022 | 2022-12-31 | $131.6M | $10.0M | +8.24% |
| 2021 | 2021-12-31 | $121.6M | −$352.5M | −74.36% |
| 2020 | 2020-12-31 | $474.1M | $18.5M | +4.07% |
| 2019 | 2019-12-31 | $455.5M | −$538.6M | −54.18% |
| 2018 | 2018-12-31 | $994.1M | $275.5M | +38.34% |
| 2017 | 2017-12-31 | $718.6M | $154.2M | +27.31% |
| 2016 | 2016-12-31 | $564.5M | −$70.8M | −11.15% |
| 2015 | 2015-12-31 | $635.3M | $33.5M | +5.56% |
| 2014 | 2014-12-31 | $601.8M | −$11.3M | −1.85% |
| 2013 | 2013-12-31 | $613.2M | −$155.8M | −20.26% |
| 2012 | 2012-12-31 | $769.0M | $54.2M | +7.59% |
| 2011 | 2011-12-31 | $714.8M | −$247.5M | −25.72% |
| 2010 | 2010-12-31 | $962.3M | −$1.14B | −54.18% |
| 2009 | 2009-12-31 | $2.10B | — | — |
Safehold quarterly operating expenses
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Q2.26
| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $86.4M | $16.5M | +23.55% |
| Q1 2026 | 2026-03-31 | $85.3M | $12.9M | +17.87% |
| Q4 2025 | 2025-12-31 | $71.1M | $1.8M | +2.64% |
| Q3 2025 | 2025-09-30 | $71.3M | −$3.5M | −4.74% |
| Q2 2025 | 2025-06-30 | $69.9M | $4.0M | +6.11% |
| Q1 2025 | 2025-03-31 | $72.4M | $3.8M | +5.47% |
| Q4 2024 | 2024-12-31 | $69.2M | $657,000 | +0.96% |
| Q3 2024 | 2024-09-30 | $74.8M | −$141.0M | −65.32% |
| Q2 2024 | 2024-06-30 | $65.9M | −$3.9M | −5.63% |
| Q1 2024 | 2024-03-31 | $68.6M | −$7.3M | −9.56% |
| Q4 2023 | 2023-12-31 | $68.6M | $15.4M | +29.07% |
| Q3 2023 | 2023-09-30 | $215.8M | — | — |
| Q2 2023 | 2023-06-30 | $69.8M | $25.4M | +57.19% |
| Q1 2023 | 2023-03-31 | $75.9M | $38.1M | +101.09% |
| Q4 2022 | 2022-12-31 | $53.1M | — | — |
| Q2 2022 | 2022-06-30 | $44.4M | −$57.1M | −56.26% |
| Q1 2022 | 2022-03-31 | $37.7M | −$49.8M | −56.91% |
| Q3 2021 | 2021-09-30 | $147.7M | $34.2M | +30.17% |
| Q2 2021 | 2021-06-30 | $101.6M | −$11.8M | −10.44% |
| Q1 2021 | 2021-03-31 | $87.6M | −$111.2M | −55.95% |
| Q4 2020 | 2020-12-31 | $48.4M | $2.8M | +6.03% |
| Q3 2020 | 2020-09-30 | $113.5M | −$39.3M | −25.71% |
| Q2 2020 | 2020-06-30 | $113.4M | −$15.7M | −12.19% |
| Q1 2020 | 2020-03-31 | $198.8M | $70.8M | +55.31% |
| Q4 2019 | 2019-12-31 | $45.7M | −$238.4M | −83.92% |
| Q3 2019 | 2019-09-30 | $152.7M | $18.0M | +13.38% |
| Q2 2019 | 2019-06-30 | $129.1M | −$97.1M | −42.92% |
| Q1 2019 | 2019-03-31 | $128.0M | −$221.1M | −63.34% |
| Q4 2018 | 2018-12-31 | $284.1M | $125.2M | +78.82% |
| Q3 2018 | 2018-09-30 | $134.7M | −$11.3M | −7.76% |
| Q2 2018 | 2018-06-30 | $226.3M | −$46.0M | −16.91% |
| Q1 2018 | 2018-03-31 | $349.1M | $207.7M | +146.80% |
| Q4 2017 | 2017-12-31 | $158.9M | $25.0M | +18.71% |
| Q3 2017 | 2017-09-30 | $146.0M | $7.2M | +5.19% |
| Q2 2017 | 2017-06-30 | $272.3M | $123.4M | +82.92% |
| Q1 2017 | 2017-03-31 | $141.5M | −$1.5M | −1.05% |
| Q4 2016 | 2016-12-31 | $133.8M | −$45.0M | −25.16% |
| Q3 2016 | 2016-09-30 | $138.8M | −$15.6M | −10.11% |
| Q2 2016 | 2016-06-30 | $148.9M | −$6.4M | −4.11% |
| Q1 2016 | 2016-03-31 | $143.0M | −$3.9M | −2.64% |
| Q4 2015 | 2015-12-31 | $178.8M | $25.3M | +16.49% |
| Q3 2015 | 2015-09-30 | $154.4M | −$637,000 | −0.41% |
| Q2 2015 | 2015-06-30 | $155.2M | $3.9M | +2.58% |
| Q1 2015 | 2015-03-31 | $146.8M | $4.9M | +3.45% |
| Q4 2014 | 2014-12-31 | $153.5M | −$3.3M | −2.10% |
| Q3 2014 | 2014-09-30 | $155.1M | $12.6M | +8.82% |
| Q2 2014 | 2014-06-30 | $151.3M | $1.8M | +1.22% |
| Q1 2014 | 2014-03-31 | $141.9M | −$22.5M | −13.66% |
| Q4 2013 | 2013-12-31 | $156.8M | −$42.2M | −21.20% |
| Q3 2013 | 2013-09-30 | $142.5M | −$43.6M | −23.43% |
| Q2 2013 | 2013-06-30 | $149.5M | −$56.3M | −27.34% |
| Q1 2013 | 2013-03-31 | $164.4M | −$13.8M | −7.72% |
| Q4 2012 | 2012-12-31 | $198.9M | −$17.6M | −8.15% |
| Q3 2012 | 2012-09-30 | $186.1M | $6.8M | +3.78% |
| Q2 2012 | 2012-06-30 | $205.8M | $33.3M | +19.34% |
| Q1 2012 | 2012-03-31 | $178.1M | $31.7M | +21.68% |
| Q4 2011 | 2011-12-31 | $216.6M | — | — |
| Q3 2011 | 2011-09-30 | $179.3M | −$48.2M | −21.19% |
| Q2 2011 | 2011-06-30 | $172.4M | −$93.7M | −35.21% |
| Q1 2011 | 2011-03-31 | $146.4M | — | — |
| Q3 2010 | 2010-09-30 | $227.6M | — | — |
| Q2 2010 | 2010-06-30 | $266.1M | — | — |
Safehold operating expenses trends
Over the last five fiscal years, Safehold's operating expenses decreased from $474.1M to $284.7M, a change of −$189.4M. The latest reported quarter, Q2 2026, shows $86.4M.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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