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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenues:        
Interest income from sales-type leases $ 70,642 $ 65,235 $ 140,306 $ 128,453
Operating lease income 16,706 16,691 38,088 37,694
Interest income [1] 2,712 2,357 5,045 4,714
Other income [2] 3,782 5,612 8,080 12,247
Total revenues 93,842 89,895 191,519 183,108
Costs and expenses:        
Interest expense 51,265 49,107 101,691 97,738
Real estate expense 881 1,041 2,039 2,120
Depreciation and amortization 2,127 2,490 4,323 4,977
General and administrative 12,954 12,276 27,086 27,904
Provision for (recovery of) credit losses 2,350 626 4,646 1,335
Other expense 346 359 2,514 450
Total costs and expenses 69,923 65,899 142,299 134,524
Income (loss) from operations before other items 23,919 23,996 49,220 48,584
Earnings (losses) from equity method investments 4,912 6,469 9,904 13,381
Net income (loss) before income taxes 28,831 30,465 59,124 61,965
Income tax expense (862) (910) (1,745) (1,381)
Net income (loss) 27,969 29,555 57,379 60,584
Net (income) loss attributable to noncontrolling interests (22) 110 (68) (191)
Net income (loss) attributable to Safehold Inc. common shareholders $ 27,947 $ 29,665 $ 57,311 $ 60,393
Net income (loss)        
Basic (dollars per share) $ 0.39 $ 0.42 $ 0.8 $ 0.85
Diluted (dollars per shares) $ 0.39 $ 0.42 $ 0.8 $ 0.85
Weighted average number of common shares:        
Basic (in shares) 71,740 71,435 71,631 71,303
Diluted (in shares) 71,801 71,462 71,718 71,351
[1] For the three months ended June 30, 2025 and 2024, includes $2.4 million and $2.4 million, respectively, of interest income from related parties. For the six months ended June 30, 2025 and 2024, includes $4.7 million and $4.7 million, respectively, of interest income from related parties.
[2] For the three months ended June 30, 2025 and 2024, includes $2.7 million and $4.4 million, respectively, of management fees from related parties. For the six months ended June 30, 2025 and 2024, includes $6.3 million and $9.9 million, respectively, of management fees from related parties.