$SAFE
Safehold Inc.

2024 Q3 Form 10-Q Financial Statement

#000109565124000022 Filed on July 30, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $90.71M $89.90M
YoY Change 6.01% 4.94%
Cost Of Revenue $1.047M $1.041M
YoY Change 4.6% 2.76%
Gross Profit $89.66M $88.85M
YoY Change 6.03% 4.97%
Gross Profit Margin 98.85% 98.84%
Selling, General & Admin $13.12M $12.28M
YoY Change -26.73% -35.05%
% of Gross Profit 14.63% 13.82%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.484M $2.490M
YoY Change -0.64% -0.4%
% of Gross Profit 2.77% 2.8%
Operating Expenses $23.82M $15.75M
YoY Change 4.49% -29.05%
Operating Profit $15.87M $24.00M
YoY Change -112.19% 51.6%
Interest Expense $49.96M $49.11M
YoY Change 7.32% 6.63%
% of Operating Profit 314.73% 204.65%
Other Income/Expense, Net $1.111M $359.0K
YoY Change -48.78% -71.82%
Pretax Income $20.61M $30.47M
YoY Change -116.79% 34.59%
Income Tax $660.0K $910.0K
% Of Pretax Income 3.2% 2.99%
Net Earnings $19.33M $29.67M
YoY Change -115.72% 34.05%
Net Earnings / Revenue 21.31% 33.0%
Basic Earnings Per Share $0.27 $0.42
Diluted Earnings Per Share $0.27 $0.42
COMMON SHARES
Basic Shares Outstanding 71.44M 71.44M
Diluted Shares Outstanding 71.54M 71.46M

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $15.58M $13.42M
YoY Change 41.63% -4.16%
Cash & Equivalents $15.58M $13.42M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $7.779M $9.654M
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $1.803B $1.770B
YoY Change 13.94% 18.05%
LONG-TERM ASSETS
Property, Plant & Equipment $718.0K $801.0K
YoY Change -33.4% -32.52%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $246.3M $243.3M
YoY Change -14.21% -8.95%
Other Assets $236.1M $231.0M
YoY Change 9.32% -7.98%
Total Long-Term Assets $5.012B $4.999B
YoY Change 3.11% 1.61%
TOTAL ASSETS
Total Short-Term Assets $1.803B $1.770B
Total Long-Term Assets $5.012B $4.999B
Total Assets $6.815B $6.769B
YoY Change 5.77% 5.45%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $109.8M $105.1M
YoY Change 15.58% 14.22%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $123.0M $118.2M
YoY Change 13.9% 14.74%
LONG-TERM LIABILITIES
Long-Term Debt $4.296B $4.191B
YoY Change 9.08% 5.24%
Other Long-Term Liabilities $78.72M $77.74M
YoY Change -0.35% -2.83%
Total Long-Term Liabilities $4.374B $4.268B
YoY Change 8.9% 5.08%
TOTAL LIABILITIES
Total Short-Term Liabilities $123.0M $118.2M
Total Long-Term Liabilities $4.374B $4.268B
Total Liabilities $4.497B $4.387B
YoY Change 9.03% 5.29%
SHAREHOLDERS EQUITY
Retained Earnings $89.18M $82.60M
YoY Change 366.3% -46.65%
Common Stock $714.0K $714.0K
YoY Change 0.56% 11.74%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.288B $2.313B
YoY Change
Total Liabilities & Shareholders Equity $6.815B $6.769B
YoY Change 5.77% 5.45%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income $19.33M $29.67M
YoY Change -115.72% 34.05%
Depreciation, Depletion And Amortization $2.484M $2.490M
YoY Change -0.64% -0.4%
Cash From Operating Activities $8.262M $24.76M
YoY Change 359.26% -1031.84%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$54.07M -$62.12M
YoY Change -35.09% -27.68%
Cash From Investing Activities -$54.07M -$62.12M
YoY Change -42.55% -27.68%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 48.05M 20.21M
YoY Change -46.23% -75.56%
NET CHANGE
Cash From Operating Activities 8.262M 24.76M
Cash From Investing Activities -54.07M -62.12M
Cash From Financing Activities 48.05M 20.21M
Net Change In Cash 2.240M -17.15M
YoY Change -175.57% 192.51%
FREE CASH FLOW
Cash From Operating Activities $8.262M $24.76M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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0.42
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.35
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.85
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.42
CY2024Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
71435000
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
63944000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
71303000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
63809000
CY2024Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
71462000
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
63944000
CY2023Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
55430000
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
100160000
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
32665000
CY2024Q2 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-110000
CY2023Q2 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-19000
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
191000
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
15000
CY2024Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
41446000
CY2023Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
55449000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
99969000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
32650000
CY2024Q1 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
19011000
CY2024Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2329511000
CY2024Q2 us-gaap Temporary Equity Net Income
TemporaryEquityNetIncome
-576000
CY2024Q2 us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
30131000
CY2024Q2 safe Issuance Of Stock And Restricted Stock Unit Amortization Net
IssuanceOfStockAndRestrictedStockUnitAmortizationNet
423000
CY2024Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.177
CY2024Q2 us-gaap Dividends
Dividends
12698000
CY2024Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
11781000
CY2024Q2 us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
23559000
CY2024Q2 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
248000
CY2024Q2 safe Redeemable Noncontrolling Interest Decrease From Redemptions
RedeemableNoncontrollingInterestDecreaseFromRedemptions
18435000
CY2024Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2382459000
CY2023Q1 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
19011000
CY2023Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2179127000
CY2023Q2 us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
22111000
CY2023Q2 safe Issuance Of Stock And Restricted Stock Unit Amortization Net
IssuanceOfStockAndRestrictedStockUnitAmortizationNet
4140000
CY2023Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.177
CY2023Q2 us-gaap Dividends
Dividends
11468000
CY2023Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
33319000
CY2023Q2 us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
6525000
CY2023Q2 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
12000
CY2023Q2 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
19011000
CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2233742000
CY2023Q4 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
19011000
CY2023Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2276665000
us-gaap Temporary Equity Net Income
TemporaryEquityNetIncome
-576000
us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
61160000
safe Issuance Of Stock And Restricted Stock Unit Amortization Net
IssuanceOfStockAndRestrictedStockUnitAmortizationNet
7171000
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.354
us-gaap Dividends
Dividends
25376000
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
39576000
us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
23682000
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
419000
safe Redeemable Noncontrolling Interest Decrease From Redemptions
RedeemableNoncontrollingInterestDecreaseFromRedemptions
18435000
CY2024Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2382459000
CY2022Q4 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
19011000
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2145604000
us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
26827000
safe Issuance Of Stock And Restricted Stock Unit Amortization Net
IssuanceOfStockAndRestrictedStockUnitAmortizationNet
14628000
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.354
us-gaap Dividends
Dividends
22572000
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
5838000
us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
28996000
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
527000
us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
35588000
CY2023Q2 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
19011000
CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2233742000
us-gaap Profit Loss
ProfitLoss
60584000
us-gaap Profit Loss
ProfitLoss
26827000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
4977000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
4925000
us-gaap Share Based Compensation
ShareBasedCompensation
6658000
us-gaap Share Based Compensation
ShareBasedCompensation
12670000
us-gaap Straight Line Rent
StraightLineRent
15411000
us-gaap Straight Line Rent
StraightLineRent
15630000
safe Non Cash Interest Income From Sales Type Leases
NonCashInterestIncomeFromSalesTypeLeases
44420000
safe Non Cash Interest Income From Sales Type Leases
NonCashInterestIncomeFromSalesTypeLeases
41084000
safe Interest Expense Noncash
InterestExpenseNoncash
7258000
safe Interest Expense Noncash
InterestExpenseNoncash
7421000
us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
1155000
us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
1152000
us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
1335000
us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
2289000
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
13381000
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
9069000
us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
9578000
us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
1860000
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
3617000
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
3623000
us-gaap Management Fee Expense
ManagementFeeExpense
5199000
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
-3785000
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
242000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-2120000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
10234000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
1410000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
339000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
21695000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-9470000
safe Paymentsto Originate Acquire Sales Type Lease
PaymentstoOriginateAcquireSalesTypeLease
180649000
safe Paymentsto Originate Acquire Sales Type Lease
PaymentstoOriginateAcquireSalesTypeLease
130744000
us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
114450000
us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
88685000
us-gaap Cash Acquired From Acquisition
CashAcquiredFromAcquisition
3213000
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
9621000
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
18362000
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
52425000
safe Proceeds Fundings On Ground Lease Receivables
ProceedsFundingsOnGroundLeaseReceivables
218000
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
3332000
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
1631000
safe Return Of Deposits On Ground Lease Investments
ReturnOfDepositsOnGroundLeaseInvestments
536000
safe Payments For Funding Of Temporary Collateral On Debt
PaymentsForFundingOfTemporaryCollateralOnDebt
19112000
us-gaap Proceeds From Derivative Instrument Investing Activities
ProceedsFromDerivativeInstrumentInvestingActivities
9687000
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-6579000
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
8211000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-136823000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-355826000
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
491871000
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
358000000
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
356000000
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
0
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
19747000
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
4615000
us-gaap Payments Of Dividends
PaymentsOfDividends
25310000
us-gaap Payments Of Dividends
PaymentsOfDividends
22144000
safe Paymentsof Offering Costs
PaymentsofOfferingCosts
51000
safe Paymentsof Offering Costs
PaymentsofOfferingCosts
1822000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
5059000
us-gaap Payments For Repurchase Of Redeemable Noncontrolling Interest
PaymentsForRepurchaseOfRedeemableNoncontrollingInterest
18435000
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
419000
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
527000
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
23560000
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
30439000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
90410000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
359331000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-24718000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-5965000
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
46740000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
48390000
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
22022000
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
42425000
CY2024Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
13418000
CY2023Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
14281000
CY2024Q2 us-gaap Restricted Cash
RestrictedCash
8604000
CY2023Q2 us-gaap Restricted Cash
RestrictedCash
28144000
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
22022000
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
42425000
us-gaap Noncash Or Part Noncash Acquisition Debt Assumed1
NoncashOrPartNoncashAcquisitionDebtAssumed1
99995000
us-gaap Stock Issued1
StockIssued1
35588000
us-gaap Dividends Cash
DividendsCash
12745000
us-gaap Dividends Cash
DividendsCash
11471000
safe Debt Obligation Accrued Non Cash Interest
DebtObligationAccruedNonCashInterest
2068000
safe Debt Obligation Accrued Non Cash Interest
DebtObligationAccruedNonCashInterest
2014000
safe Financing Costs Incurred But Not Yet Paid
FinancingCostsIncurredButNotYetPaid
661000
safe Offering Costs Incurred But Not Yet Paid
OfferingCostsIncurredButNotYetPaid
327000
safe Real Estate Transfer To Available For Sale
RealEstateTransferToAvailableForSale
3366000
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1
CY2023Q1 safe Number Of Directors From Old Safe Entity On New Board
NumberOfDirectorsFromOldSafeEntityOnNewBoard
3
CY2023Q1 safe Number Of Directors From Istar Entity On New Board
NumberOfDirectorsFromIstarEntityOnNewBoard
2
CY2023Q1 safe Number Of Management Members From Both Old Safe Entity And Istar On New Board
NumberOfManagementMembersFromBothOldSafeEntityAndIstarOnNewBoard
2
CY2024Q2 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceived
32029582000
CY2023Q4 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceived
30586189000
CY2024Q2 us-gaap Sales Type Lease Unguaranteed Residual Asset
SalesTypeLeaseUnguaranteedResidualAsset
2993536000
CY2023Q4 us-gaap Sales Type Lease Unguaranteed Residual Asset
SalesTypeLeaseUnguaranteedResidualAsset
2946928000
CY2024Q2 safe Presentvaluediscountonsalestypeleases
Presentvaluediscountonsalestypeleases
31641589000
CY2023Q4 safe Presentvaluediscountonsalestypeleases
Presentvaluediscountonsalestypeleases
30277457000
CY2024Q2 us-gaap Sales Type Lease Net Investment In Lease Allowance For Credit Loss
SalesTypeLeaseNetInvestmentInLeaseAllowanceForCreditLoss
1522000
CY2023Q4 us-gaap Sales Type Lease Net Investment In Lease Allowance For Credit Loss
SalesTypeLeaseNetInvestmentInLeaseAllowanceForCreditLoss
465000
CY2024Q2 us-gaap Sales Type Lease Net Investment In Lease After Allowance For Credit Loss
SalesTypeLeaseNetInvestmentInLeaseAfterAllowanceForCreditLoss
3380007000
CY2023Q4 us-gaap Sales Type Lease Net Investment In Lease After Allowance For Credit Loss
SalesTypeLeaseNetInvestmentInLeaseAfterAllowanceForCreditLoss
3255195000
CY2024Q2 safe Sales Type Lease Net Investment In Lease Discounted
SalesTypeLeaseNetInvestmentInLeaseDiscounted
3350000000
CY2024Q2 safe Sales Type Lease Discounted Unguaranteed Residual Asset
SalesTypeLeaseDiscountedUnguaranteedResidualAsset
31200000
CY2023Q4 safe Sales Type Lease Net Investment In Lease Discounted
SalesTypeLeaseNetInvestmentInLeaseDiscounted
3225000000
CY2023Q4 safe Sales Type Lease Discounted Unguaranteed Residual Asset
SalesTypeLeaseDiscountedUnguaranteedResidualAsset
30400000
CY2023Q4 us-gaap Sales Type Lease Net Investment In Lease After Allowance For Credit Loss
SalesTypeLeaseNetInvestmentInLeaseAfterAllowanceForCreditLoss
3255195000
CY2023Q4 safe Ground Lease Receivable Net
GroundLeaseReceivableNet
1622298000
CY2023Q4 us-gaap Sales Type And Direct Financing Leases Lease Receivable
SalesTypeAndDirectFinancingLeasesLeaseReceivable
4877493000
us-gaap Sales Type Lease Net Investment In Lease Purchase
SalesTypeLeaseNetInvestmentInLeasePurchase
95916000
safe Ground Lease Acquisition
GroundLeaseAcquisition
110206000
safe Origination And Acquisition Of Leaseand Lease Receivables During Period
OriginationAndAcquisitionOfLeaseandLeaseReceivablesDuringPeriod
206122000
safe Salestype Lease Net Investmentin Lease Non Cash Interest Income
SalestypeLeaseNetInvestmentinLeaseNonCashInterestIncome
29953000
safe Ground Lease Non Cash Interest Income
GroundLeaseNonCashInterestIncome
14467000
safe Noncash Accretion Amortizationof Interest Incomeon Leasesand Leases Receivable During Period
NoncashAccretionAmortizationofInterestIncomeonLeasesandLeasesReceivableDuringPeriod
44420000
us-gaap Sales Type Lease Impairment Loss
SalesTypeLeaseImpairmentLoss
1057000
safe Ground Lease Receivable Allowance For Credit Loss Expense Reversal Of Expense
GroundLeaseReceivableAllowanceForCreditLossExpenseReversalOfExpense
404000
CY2024Q2 safe Sales Type And Direct Financing Leases Lease Receivable Credit Loss Expense Reversal
SalesTypeAndDirectFinancingLeasesLeaseReceivableCreditLossExpenseReversal
1461000
CY2024Q2 us-gaap Sales Type Lease Net Investment In Lease After Allowance For Credit Loss
SalesTypeLeaseNetInvestmentInLeaseAfterAllowanceForCreditLoss
3380007000
CY2024Q2 safe Ground Lease Receivable Net
GroundLeaseReceivableNet
1746567000
CY2024Q2 us-gaap Sales Type And Direct Financing Leases Lease Receivable
SalesTypeAndDirectFinancingLeasesLeaseReceivable
5126574000
CY2022Q4 us-gaap Sales Type Lease Net Investment In Lease After Allowance For Credit Loss
SalesTypeLeaseNetInvestmentInLeaseAfterAllowanceForCreditLoss
3106599000
CY2022Q4 safe Ground Lease Receivable Net
GroundLeaseReceivableNet
1374716000
CY2022Q4 us-gaap Sales Type And Direct Financing Leases Lease Receivable
SalesTypeAndDirectFinancingLeasesLeaseReceivable
4481315000
us-gaap Sales Type Lease Net Investment In Lease Purchase
SalesTypeLeaseNetInvestmentInLeasePurchase
33122000
safe Ground Lease Acquisition
GroundLeaseAcquisition
97948000
safe Origination And Acquisition Of Leaseand Lease Receivables During Period
OriginationAndAcquisitionOfLeaseandLeaseReceivablesDuringPeriod
131070000
safe Salestype Lease Net Investmentin Lease Non Cash Interest Income
SalestypeLeaseNetInvestmentinLeaseNonCashInterestIncome
28579000
safe Ground Lease Non Cash Interest Income
GroundLeaseNonCashInterestIncome
12505000
safe Noncash Accretion Amortizationof Interest Incomeon Leasesand Leases Receivable During Period
NoncashAccretionAmortizationofInterestIncomeonLeasesandLeasesReceivableDuringPeriod
41084000
us-gaap Sales Type Lease Impairment Loss
SalesTypeLeaseImpairmentLoss
-15000
safe Ground Lease Receivable Allowance For Credit Loss Expense Reversal Of Expense
GroundLeaseReceivableAllowanceForCreditLossExpenseReversalOfExpense
22000
CY2023Q2 safe Sales Type And Direct Financing Leases Lease Receivable Credit Loss Expense Reversal
SalesTypeAndDirectFinancingLeasesLeaseReceivableCreditLossExpenseReversal
7000
CY2023Q2 us-gaap Sales Type Lease Net Investment In Lease After Allowance For Credit Loss
SalesTypeLeaseNetInvestmentInLeaseAfterAllowanceForCreditLoss
3167964000
CY2023Q2 safe Ground Lease Receivable Net
GroundLeaseReceivableNet
1484948000
CY2023Q2 us-gaap Sales Type And Direct Financing Leases Lease Receivable
SalesTypeAndDirectFinancingLeasesLeaseReceivable
4652912000
CY2024Q2 safe Lease Receivable Weighted Average Accrual Rate Net Investmentin Salestype Lease
LeaseReceivableWeightedAverageAccrualRateNetInvestmentinSalestypeLease
0.053
CY2024Q2 safe Lease Receivable Weighted Average Accrual Rate Net Investmentin Ground Lease
LeaseReceivableWeightedAverageAccrualRateNetInvestmentinGroundLease
0.055
CY2024Q2 safe Numberof Ground Leasereceivables
NumberofGroundLeasereceivables
39
CY2024Q1 safe Sales Type Lease Net Investment In Lease Including Unfunded Commitments Allowance For Credit Loss
SalesTypeLeaseNetInvestmentInLeaseIncludingUnfundedCommitmentsAllowanceForCreditLoss
918000
CY2024Q2 safe Sales Type Lease Net Investment In Lease Credit Loss Expense Reversal
SalesTypeLeaseNetInvestmentInLeaseCreditLossExpenseReversal
605000
CY2024Q2 safe Sales Type Lease Net Investment In Lease Including Unfunded Commitments Allowance For Credit Loss
SalesTypeLeaseNetInvestmentInLeaseIncludingUnfundedCommitmentsAllowanceForCreditLoss
1523000
CY2023Q1 safe Sales Type Lease Net Investment In Lease Including Unfunded Commitments Allowance For Credit Loss
SalesTypeLeaseNetInvestmentInLeaseIncludingUnfundedCommitmentsAllowanceForCreditLoss
326000
CY2023Q2 safe Sales Type Lease Net Investment In Lease Credit Loss Expense Reversal
SalesTypeLeaseNetInvestmentInLeaseCreditLossExpenseReversal
11000
CY2023Q2 safe Sales Type Lease Net Investment In Lease Including Unfunded Commitments Allowance For Credit Loss
SalesTypeLeaseNetInvestmentInLeaseIncludingUnfundedCommitmentsAllowanceForCreditLoss
337000
CY2023Q4 safe Sales Type Lease Net Investment In Lease Including Unfunded Commitments Allowance For Credit Loss
SalesTypeLeaseNetInvestmentInLeaseIncludingUnfundedCommitmentsAllowanceForCreditLoss
465000
safe Sales Type Lease Net Investment In Lease Credit Loss Expense Reversal
SalesTypeLeaseNetInvestmentInLeaseCreditLossExpenseReversal
1058000
CY2024Q2 safe Sales Type Lease Net Investment In Lease Including Unfunded Commitments Allowance For Credit Loss
SalesTypeLeaseNetInvestmentInLeaseIncludingUnfundedCommitmentsAllowanceForCreditLoss
1523000
CY2022Q4 us-gaap Sales Type Lease Net Investment In Lease Allowance For Credit Loss
SalesTypeLeaseNetInvestmentInLeaseAllowanceForCreditLoss
357000
safe Sales Type Lease Net Investment In Lease Credit Loss Expense Reversal
SalesTypeLeaseNetInvestmentInLeaseCreditLossExpenseReversal
-20000
CY2023Q2 safe Sales Type Lease Net Investment In Lease Including Unfunded Commitments Allowance For Credit Loss
SalesTypeLeaseNetInvestmentInLeaseIncludingUnfundedCommitmentsAllowanceForCreditLoss
337000
CY2024Q2 safe Sales Type Lease Net Investment In Lease Credit Loss Expense Reversal
SalesTypeLeaseNetInvestmentInLeaseCreditLossExpenseReversal
600000
safe Sales Type Lease Net Investment In Lease Credit Loss Expense Reversal
SalesTypeLeaseNetInvestmentInLeaseCreditLossExpenseReversal
1100000
CY2023Q2 safe Sales Type Lease Net Investment In Lease Credit Loss Expense Reversal
SalesTypeLeaseNetInvestmentInLeaseCreditLossExpenseReversal
11000
safe Sales Type Lease Net Investment In Lease Credit Loss Expense Reversal
SalesTypeLeaseNetInvestmentInLeaseCreditLossExpenseReversal
-20000
CY2024Q1 safe Ground Lease Receivable Including Unfunded Commitments Allowance For Credit Loss
GroundLeaseReceivableIncludingUnfundedCommitmentsAllowanceForCreditLoss
730000
CY2024Q2 safe Ground Lease Receivable Credit Loss Expense Reversal
GroundLeaseReceivableCreditLossExpenseReversal
56000
CY2024Q2 safe Ground Lease Receivable Including Unfunded Commitments Allowance For Credit Loss
GroundLeaseReceivableIncludingUnfundedCommitmentsAllowanceForCreditLoss
786000
CY2023Q1 safe Ground Lease Receivable Including Unfunded Commitments Allowance For Credit Loss
GroundLeaseReceivableIncludingUnfundedCommitmentsAllowanceForCreditLoss
258000
CY2023Q2 safe Ground Lease Receivable Credit Loss Expense Reversal
GroundLeaseReceivableCreditLossExpenseReversal
23000
CY2023Q2 safe Ground Lease Receivable Including Unfunded Commitments Allowance For Credit Loss
GroundLeaseReceivableIncludingUnfundedCommitmentsAllowanceForCreditLoss
281000
CY2023Q4 safe Ground Lease Receivable Including Unfunded Commitments Allowance For Credit Loss
GroundLeaseReceivableIncludingUnfundedCommitmentsAllowanceForCreditLoss
406000
safe Ground Lease Receivable Credit Loss Expense Reversal
GroundLeaseReceivableCreditLossExpenseReversal
380000
CY2024Q2 safe Ground Lease Receivable Including Unfunded Commitments Allowance For Credit Loss
GroundLeaseReceivableIncludingUnfundedCommitmentsAllowanceForCreditLoss
786000
safe Ground Lease Receivable Credit Loss Expense Reversal
GroundLeaseReceivableCreditLossExpenseReversal
-2000
CY2023Q2 safe Ground Lease Receivable Including Unfunded Commitments Allowance For Credit Loss
GroundLeaseReceivableIncludingUnfundedCommitmentsAllowanceForCreditLoss
281000
CY2024Q2 safe Ground Lease Receivable Credit Loss Expense Reversal
GroundLeaseReceivableCreditLossExpenseReversal
100000
safe Ground Lease Receivable Credit Loss Expense Reversal
GroundLeaseReceivableCreditLossExpenseReversal
400000
CY2023Q2 safe Ground Lease Receivable Credit Loss Expense Reversal
GroundLeaseReceivableCreditLossExpenseReversal
23000
safe Ground Lease Receivable Credit Loss Expense Reversal
GroundLeaseReceivableCreditLossExpenseReversal
-2000
CY2024Q2 us-gaap Sales Type Lease Net Investment In Lease Originated In Current Fiscal Year
SalesTypeLeaseNetInvestmentInLeaseOriginatedInCurrentFiscalYear
96460000
CY2024Q2 us-gaap Sales Type Lease Net Investment In Lease Originated In Fiscal Year Before Latest Fiscal Year
SalesTypeLeaseNetInvestmentInLeaseOriginatedInFiscalYearBeforeLatestFiscalYear
71630000
CY2024Q2 us-gaap Sales Type Lease Net Investment In Lease Originated Two Years Before Latest Fiscal Year
SalesTypeLeaseNetInvestmentInLeaseOriginatedTwoYearsBeforeLatestFiscalYear
686155000
CY2024Q2 us-gaap Sales Type Lease Net Investment In Lease Originated Three Years Before Latest Fiscal Year
SalesTypeLeaseNetInvestmentInLeaseOriginatedThreeYearsBeforeLatestFiscalYear
1207374000
CY2024Q2 us-gaap Sales Type Lease Net Investment In Lease Originated Four Years Before Latest Fiscal Year
SalesTypeLeaseNetInvestmentInLeaseOriginatedFourYearsBeforeLatestFiscalYear
212419000
CY2024Q2 us-gaap Sales Type Lease Net Investment In Lease Originated Five Or More Years Before Latest Fiscal Year
SalesTypeLeaseNetInvestmentInLeaseOriginatedFiveOrMoreYearsBeforeLatestFiscalYear
1107491000
CY2024Q2 us-gaap Sales Type Lease Net Investment In Lease
SalesTypeLeaseNetInvestmentInLease
3381529000
CY2024Q2 safe Ground Lease Receivable Year One Originated Current Fiscal Year
GroundLeaseReceivableYearOneOriginatedCurrentFiscalYear
47659000
CY2024Q2 safe Ground Lease Receivable Year Two Originated Fiscal Year Before Current Fiscal Year
GroundLeaseReceivableYearTwoOriginatedFiscalYearBeforeCurrentFiscalYear
24786000
CY2024Q2 safe Ground Lease Receivable Year Three Originated Two Years Before Current Fiscal Year
GroundLeaseReceivableYearThreeOriginatedTwoYearsBeforeCurrentFiscalYear
761115000
CY2024Q2 safe Ground Lease Receivable Year Four Originated Three Years Before Current Fiscal Year
GroundLeaseReceivableYearFourOriginatedThreeYearsBeforeCurrentFiscalYear
276871000
CY2024Q2 safe Ground Lease Receivable Year Five Originated Four Years Before Current Fiscal Year
GroundLeaseReceivableYearFiveOriginatedFourYearsBeforeCurrentFiscalYear
182397000
CY2024Q2 safe Ground Lease Receivable Originated More Than Five Years Before Current Fiscal Year
GroundLeaseReceivableOriginatedMoreThanFiveYearsBeforeCurrentFiscalYear
454512000
CY2024Q2 safe Ground Lease Receivable
GroundLeaseReceivable
1747340000
CY2023Q4 us-gaap Sales Type Lease Net Investment In Lease Originated In Current Fiscal Year
SalesTypeLeaseNetInvestmentInLeaseOriginatedInCurrentFiscalYear
70900000
CY2023Q4 us-gaap Sales Type Lease Net Investment In Lease Originated In Fiscal Year Before Latest Fiscal Year
SalesTypeLeaseNetInvestmentInLeaseOriginatedInFiscalYearBeforeLatestFiscalYear
680133000
CY2023Q4 us-gaap Sales Type Lease Net Investment In Lease Originated Two Years Before Latest Fiscal Year
SalesTypeLeaseNetInvestmentInLeaseOriginatedTwoYearsBeforeLatestFiscalYear
1197004000
CY2023Q4 us-gaap Sales Type Lease Net Investment In Lease Originated Three Years Before Latest Fiscal Year
SalesTypeLeaseNetInvestmentInLeaseOriginatedThreeYearsBeforeLatestFiscalYear
210481000
CY2023Q4 us-gaap Sales Type Lease Net Investment In Lease Originated Four Years Before Latest Fiscal Year
SalesTypeLeaseNetInvestmentInLeaseOriginatedFourYearsBeforeLatestFiscalYear
1097142000
CY2023Q4 us-gaap Sales Type Lease Net Investment In Lease
SalesTypeLeaseNetInvestmentInLease
3255660000
CY2023Q4 safe Ground Lease Receivable Year One Originated Current Fiscal Year
GroundLeaseReceivableYearOneOriginatedCurrentFiscalYear
19245000
CY2023Q4 safe Ground Lease Receivable Year Two Originated Fiscal Year Before Current Fiscal Year
GroundLeaseReceivableYearTwoOriginatedFiscalYearBeforeCurrentFiscalYear
698475000
CY2023Q4 safe Ground Lease Receivable Year Three Originated Two Years Before Current Fiscal Year
GroundLeaseReceivableYearThreeOriginatedTwoYearsBeforeCurrentFiscalYear
274085000
CY2023Q4 safe Ground Lease Receivable Year Four Originated Three Years Before Current Fiscal Year
GroundLeaseReceivableYearFourOriginatedThreeYearsBeforeCurrentFiscalYear
180739000
CY2023Q4 safe Ground Lease Receivable Year Five Originated Four Years Before Current Fiscal Year
GroundLeaseReceivableYearFiveOriginatedFourYearsBeforeCurrentFiscalYear
450123000
CY2023Q4 safe Ground Lease Receivable
GroundLeaseReceivable
1622667000
CY2024Q2 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Remainder Of Fiscal Year
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedRemainderOfFiscalYear
62927000
CY2024Q2 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Next Twelve Months
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedNextTwelveMonths
114392000
CY2024Q2 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Two Years
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedTwoYears
116562000
CY2024Q2 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Three Years
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedThreeYears
118665000
CY2024Q2 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Four Years
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedFourYears
120911000
CY2024Q2 safe Sales Type And Direct Financing Leases Lease Receivable To Be Received After Year Four
SalesTypeAndDirectFinancingLeasesLeaseReceivableToBeReceivedAfterYearFour
31496125000
CY2024Q2 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceived
32029582000
CY2024Q2 us-gaap Sales Type Lease Interest Income
SalesTypeLeaseInterestIncome
65235000
CY2023Q2 us-gaap Sales Type Lease Interest Income
SalesTypeLeaseInterestIncome
58158000
us-gaap Sales Type Lease Interest Income
SalesTypeLeaseInterestIncome
128453000
us-gaap Sales Type Lease Interest Income
SalesTypeLeaseInterestIncome
115220000
CY2024Q2 us-gaap Land And Land Improvements
LandAndLandImprovements
547739000
CY2023Q4 us-gaap Land And Land Improvements
LandAndLandImprovements
551105000
CY2024Q2 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
193232000
CY2023Q4 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
193232000
CY2024Q2 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
43414000
CY2023Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
40400000
CY2024Q2 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
697557000
CY2023Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
703937000
CY2024Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
210988000
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
211113000
CY2024Q2 us-gaap Real Estate Heldforsale
RealEstateHeldforsale
9654000
CY2023Q4 us-gaap Real Estate Heldforsale
RealEstateHeldforsale
9711000
CY2024Q2 safe Real Estate Investment Property Including Finite Lived Intangible Assets Net
RealEstateInvestmentPropertyIncludingFiniteLivedIntangibleAssetsNet
918199000
CY2023Q4 safe Real Estate Investment Property Including Finite Lived Intangible Assets Net
RealEstateInvestmentPropertyIncludingFiniteLivedIntangibleAssetsNet
924761000
CY2024Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
255303000
CY2024Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
44315000
CY2024Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
210988000
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
252097000
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
40984000
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
211113000
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
3333000
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
6667000
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
3288000
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
3288000
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
3280000
CY2024Q2 us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P81Y
CY2024Q2 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
68618000
CY2024Q2 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
5280000
CY2024Q2 us-gaap Below Market Lease Net
BelowMarketLeaseNet
63338000
CY2023Q4 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
68618000
CY2023Q4 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
4863000
CY2023Q4 us-gaap Below Market Lease Net
BelowMarketLeaseNet
63755000
CY2024Q2 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
18623000
CY2024Q2 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
37563000
CY2024Q2 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
27941000
CY2024Q2 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
28357000
CY2024Q2 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
28619000
CY2024Q2 safe Lessor Operating Lease Payment To Be Received After Year Four
LessorOperatingLeasePaymentToBeReceivedAfterYearFour
5163663000
CY2024Q2 us-gaap Equity Method Investments
EquityMethodInvestments
243302000
CY2023Q4 us-gaap Equity Method Investments
EquityMethodInvestments
310320000
CY2024Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
6469000
CY2023Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
6807000
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
13381000
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
9069000
CY2024Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
31874000
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
33964000
CY2024Q2 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
59567000
CY2023Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
34864000
CY2024Q2 us-gaap Debt Issuance Costs Line Of Credit Arrangements Net
DebtIssuanceCostsLineOfCreditArrangementsNet
18760000
CY2023Q4 us-gaap Debt Issuance Costs Line Of Credit Arrangements Net
DebtIssuanceCostsLineOfCreditArrangementsNet
3692000
CY2024Q2 us-gaap Other Deferred Costs Net
OtherDeferredCostsNet
31579000
CY2023Q4 us-gaap Other Deferred Costs Net
OtherDeferredCostsNet
13210000
CY2024Q2 us-gaap Deposit Assets
DepositAssets
1555000
CY2023Q4 us-gaap Deposit Assets
DepositAssets
2090000
CY2024Q2 us-gaap Deferred Costs Leasing Net
DeferredCostsLeasingNet
435000
CY2023Q4 us-gaap Deferred Costs Leasing Net
DeferredCostsLeasingNet
439000
CY2024Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
801000
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
979000
CY2024Q2 us-gaap Deferred Costs And Other Assets
DeferredCostsAndOtherAssets
144571000
CY2023Q4 us-gaap Deferred Costs And Other Assets
DeferredCostsAndOtherAssets
89238000
CY2024Q2 us-gaap Lessee Operating Lease Discount Rate
LesseeOperatingLeaseDiscountRate
0.055
CY2024Q2 us-gaap Accumulated Amortization Of Current Deferred Finance Costs
AccumulatedAmortizationOfCurrentDeferredFinanceCosts
1000000.0
CY2023Q4 us-gaap Accumulated Amortization Of Current Deferred Finance Costs
AccumulatedAmortizationOfCurrentDeferredFinanceCosts
11000000.0
CY2024Q2 safe Debt Instrument Collateral Amount Temporary Replacement Collateral
DebtInstrumentCollateralAmountTemporaryReplacementCollateral
19100000
CY2024Q2 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
82014000
CY2023Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
68821000
CY2024Q2 us-gaap Other Liabilities
OtherLiabilities
14400000
CY2023Q4 us-gaap Other Liabilities
OtherLiabilities
17626000
CY2024Q2 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
13104000
CY2023Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
13049000
CY2024Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
13103000
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
15751000
CY2024Q2 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
9961000
CY2023Q4 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
19271000
CY2024Q2 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
132582000
CY2023Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
134518000
CY2024Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
4237222000
CY2023Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
4096155000
CY2024Q2 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
46635000
CY2023Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
41790000
CY2024Q2 us-gaap Long Term Debt
LongTermDebt
4190587000
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
4054365000
CY2024Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
237000000
CY2024Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
79193000
CY2024Q2 safe Long Term Debt Maturities Repayments Of Principal After Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFour
3921029000
CY2024Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
4237222000
CY2024Q2 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
46635000
CY2024Q2 us-gaap Long Term Debt
LongTermDebt
4190587000
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
3120000
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
6223000
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
543000
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
543000
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
543000
CY2024Q2 safe Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
8192000
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
19164000
CY2024Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
6061000
CY2024Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
13103000
CY2024Q2 safe Lessee Operating Lease Liability Other Adjustments Annual Amount Due Lessor
LesseeOperatingLeaseLiabilityOtherAdjustmentsAnnualAmountDueLessor
500000
CY2024Q2 safe Lessee Operating Lease Discount Rate Office Leases
LesseeOperatingLeaseDiscountRateOfficeLeases
0.057
CY2024Q2 us-gaap Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
P9Y1M6D
CY2023Q2 us-gaap Operating Lease Payments Use
OperatingLeasePaymentsUse
1500000
CY2024Q2 us-gaap Operating Lease Payments Use
OperatingLeasePaymentsUse
1400000
us-gaap Operating Lease Payments Use
OperatingLeasePaymentsUse
2800000
CY2024Q2 safe Real Estate Leasehold Improvement Allowance Unfunded Pending Milestone Achievement
RealEstateLeaseholdImprovementAllowanceUnfundedPendingMilestoneAchievement
50600000
CY2024Q2 safe Long Term Purchase Commitment Future Funding Obligation Amount
LongTermPurchaseCommitmentFutureFundingObligationAmount
150400000
CY2024Q2 safe Performance Based Commitments
PerformanceBasedCommitments
103300000
CY2024Q2 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
59567000
CY2023Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
34864000
CY2023Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
2546000
us-gaap Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months
CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths
4400000
CY2024Q2 safe Number Of Classes Of Common Stock
NumberOfClassesOfCommonStock
1
CY2023Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
500000
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
25400000
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.354
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
22600000
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.354
CY2024Q2 us-gaap Profit Loss
ProfitLoss
29555000
CY2023Q2 us-gaap Profit Loss
ProfitLoss
22111000
us-gaap Profit Loss
ProfitLoss
60584000
us-gaap Profit Loss
ProfitLoss
26827000
CY2024Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-110000
CY2023Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-19000
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
191000
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
15000
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
29665000
CY2024Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
29665000
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
22130000
CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
22130000
us-gaap Net Income Loss
NetIncomeLoss
60393000
us-gaap Net Income Loss
NetIncomeLoss
26812000
CY2024Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
29665000
CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
22130000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
60393000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
26812000
CY2024Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
29665000
CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
22130000
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
60393000
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
26812000
CY2024Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
71435000
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
63944000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
71303000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
63809000
CY2024Q2 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
27000
us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
48000
CY2024Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
71462000
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
63944000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
71351000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
63809000
CY2024Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.42
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.35
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.85
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.42
CY2024Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.42
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.35
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.85
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.42
CY2024Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
9000
CY2023Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
452000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
31000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
456000
CY2024Q2 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q2 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q2 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q2 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false

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