Safehold (SAFE) FY2024 results: revenue $366 million, up 3.7% on the year
Safehold Inc. (SAFE) reported revenue of $366 million for fiscal 2024, the year ended 31 December 2024, up 3.7% on the year before. Net income was $106 million, and diluted earnings per share $1.48. The figures are the company's own, from the 10-K it filed with the SEC on 6 February 2025.
Revenue
$366 million
+3.7% on the year
FY2017FY2024
Operating margin
23.8%
-21.9% a year earlier
FY2017FY2024
Net income
$106 million
FY2017FY2024
Diluted EPS
$1.48
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
37.9
15.4
64.9
+146.0%
Capital expenditure
n/a
n/a
1.2
Free cash flow
n/a
n/a
63.7
Free cash flow margin
n/a
n/a
23.6%
Cash from investing
-212
-577
-1,146
Cash from financing
145
560
1,091
-74.1%
Depreciation and amortisation
9.9
9.9
5.5
+0.1%
Share-based compensation
13.8
23.2
1.5
-40.8%
Dividends paid
50.6
46.0
30.2
+9.9%
Dividend per share
$0.71
$0.71
$0.38
0.0%
Diluted shares, weighted
71m
67m
62m
+7.1%
Shares outstanding at period end
71m
71m
87m
+0.5%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
2,344
2,231
2,142
+5.1%
Non-controlling interest
30.0
45.4
4.1
-33.9%
Redeemable equity
n/a
19.0
19.0
Debt
4,317
4,054
3,521
+6.5%
Other liabilities
208
198
165
+4.9%
Total liabilities and equity
6,899
6,548
5,851
+5.4%
Fixed assets
0.6
1.0
n/a
-33.9%
Intangible assets
209
211
218
-1.1%
Cash and equivalents
8.3
18.8
20.1
-55.5%
Other assets
6,682
6,317
5,613
+5.8%
Total assets
6,899
6,548
5,851
+5.4%
10-K for the year ended 31 December 2024, filed 6 February 2025: the filing.