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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
ASSETS    
Real estate, at cost [1] $ 740,971 $ 752,420
Less: accumulated depreciation [1] (28,343) (22,314)
Real estate, net [1] 712,628 730,106
Real estate-related intangible assets, net [1] 224,182 242,166
Total real estate, net and real estate-related intangible assets, net [1] 936,810 972,272
Net investment in sales-type leases [1] 2,412,716 1,305,519
Ground Lease receivables [1] 796,252 577,457
Equity investments in Ground Leases [1] 173,374 129,614
Cash and cash equivalents [1] 29,619 56,948
Restricted cash [1] 8,897 39,519
Deferred operating lease income receivable [1] 117,311 93,307
Deferred expenses and other assets, net [1] 40,747 34,334
Total assets [1] 4,515,726 3,208,970
Liabilities:    
Accounts payable, accrued expenses and other liabilities [1],[2] 67,592 76,673
Real estate-related intangible liabilities, net [1] 65,429 66,268
Debt obligations, net [1] 2,697,503 1,684,726
Total liabilities [1] 2,830,524 1,827,667
Commitments and contingencies (refer to Note 9) [1]
Safehold Inc. shareholders' equity:    
Common stock, $0.01 par value, 400,000 shares authorized, 56,619 and 53,206 shares issued and outstanding as of December 31, 2021 and 2020, respectively [1] 566 532
Additional paid-in capital [1] 1,663,324 1,412,107
Retained earnings [1] 59,368 23,945
Accumulated other comprehensive loss [1] (40,980) (57,461)
Total Safehold Inc. shareholders' equity [1] 1,682,278 1,379,123
Noncontrolling interests [1] 2,924 2,180
Total equity [1] 1,685,202 1,381,303
Total liabilities and equity [1] 4,515,726 3,208,970
Other Liability, Due to Related Party    
Liabilities:    
Accounts payable, accrued expenses and other liabilities $ 6,200 $ 4,700
[1] Refer to Note 2 for details on the Company’s consolidated variable interest entities ("VIEs").
[2] As of December 31, 2021 and 2020, includes $6.2 million and $4.7 million, respectively, due to related parties.