SuperworthSafehold profit margin SAFE
Gross, operating and net profit as a share of revenue over the last twelve months, from 2011.
- Net margin, 12 months
- 27.7%
- Net margin on a year earlier
- +0.2 pts
- Peer median
- 16.4%
Over the twelve months to Jun 30, 2026, Safehold kept 27.7% of its revenue as net profit and a gross margin of 98.9%.
Five years earlier its net margin was −6.5%.
The median for 10 specialty REITs of a similar size is 16.4%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Gross margin |
|---|---|---|
| FY2025 | 29.7% | 98.8% |
| FY2024 | 28.9% | 98.8% |
| FY2023 | −15.6% | 98.7% |
| FY2022 | 59.6% | n/a |
| FY2021 | 42.9% | 29.4% |
| FY2020 | −13.1% | 86.6% |
| FY2019 | 67.6% | 57.9% |
| FY2018 | −4.0% | 38.7% |
| FY2017 | 25.9% | n/a |
| FY2016 | 20.9% | n/a |
| FY2015 | −0.5% | n/a |
| FY2014 | 3.6% | n/a |
| FY2013 | −28.6% | n/a |
| FY2012 | −60.4% | n/a |
| FY2011 | −4.7% | n/a |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year |
|---|---|---|---|
| Q2 FY26 | 27.7% | +0.2 pts | |
| Q1 FY26 | 28.6% | +0.4 pts | |
| Q4 FY25 | 29.7% | +0.8 pts | |
| Q3 FY25 | 29.7% | −2.4 pts | |
| Q2 FY25 | 27.4% | +33.2 pts | |
| Q1 FY25 | 28.2% | +36.1 pts | |
| Q4 FY24 | 28.9% | +44.5 pts | |
| Q3 FY24 | 32.1% | +58.7 pts | |
| Q2 FY24 | −5.8% | −48.9 pts | |
| Q1 FY24 | −7.9% | −54.9 pts | |
| Q4 FY23 | −15.6% | −75.2 pts | |
| Q3 FY23 | −26.6% | −77.7 pts |
Against its peers
Companies in REIT - Specialty nearest Safehold's size, closest first, today.
| Company | Profit margin |
|---|---|
| SAFESafehold | 27.7% |
| ARIApollo Commercial Real Estate Finance | 55.5% |
| CTOCTO Realty Growth | 32.6% |
| BFSSaul Centers | 11.5% |
| ADAMAdamas Trust | n/m |
| MFAMFA Financial | n/m |
| PSTLPostal Realty Trust | 16.4% |
| CSRCenterspace | 7.2% |
| CLDTChatham Lodging Trust | 4.0% |
| PMTPennyMac Mortgage Investment Trust | 47.8% |
| IVRInvesco Mortgage Capital | n/m |
| Peer median | 16.4% |
Where Safehold ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on Safehold
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.