2024 Q4 Form 10-Q Financial Statement

#000109565124000028 Filed on October 29, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3
Revenue $90.71M
YoY Change 6.01%
Cost Of Revenue $1.047M
YoY Change 4.6%
Gross Profit $89.66M
YoY Change 6.03%
Gross Profit Margin 98.85%
Selling, General & Admin $13.12M
YoY Change -26.73%
% of Gross Profit 14.63%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.484M
YoY Change -0.64%
% of Gross Profit 2.77%
Operating Expenses $23.82M
YoY Change 4.49%
Operating Profit $15.87M
YoY Change -112.19%
Interest Expense $49.96M
YoY Change 7.32%
% of Operating Profit 314.73%
Other Income/Expense, Net $1.111M
YoY Change -48.78%
Pretax Income $20.61M
YoY Change -116.79%
Income Tax $660.0K
% Of Pretax Income 3.2%
Net Earnings $19.33M
YoY Change -115.72%
Net Earnings / Revenue 21.31%
Basic Earnings Per Share $0.27
Diluted Earnings Per Share $0.27
COMMON SHARES
Basic Shares Outstanding 71.44M 71.44M
Diluted Shares Outstanding 71.54M

Balance Sheet

Concept 2024 Q4 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $15.58M
YoY Change 41.63%
Cash & Equivalents $15.58M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $7.779M
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $1.803B
YoY Change 13.94%
LONG-TERM ASSETS
Property, Plant & Equipment $718.0K
YoY Change -33.4%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $246.3M
YoY Change -14.21%
Other Assets $236.1M
YoY Change 9.32%
Total Long-Term Assets $5.012B
YoY Change 3.11%
TOTAL ASSETS
Total Short-Term Assets $1.803B
Total Long-Term Assets $5.012B
Total Assets $6.815B
YoY Change 5.77%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $109.8M
YoY Change 15.58%
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $123.0M
YoY Change 13.9%
LONG-TERM LIABILITIES
Long-Term Debt $4.296B
YoY Change 9.08%
Other Long-Term Liabilities $78.72M
YoY Change -0.35%
Total Long-Term Liabilities $4.374B
YoY Change 8.9%
TOTAL LIABILITIES
Total Short-Term Liabilities $123.0M
Total Long-Term Liabilities $4.374B
Total Liabilities $4.497B
YoY Change 9.03%
SHAREHOLDERS EQUITY
Retained Earnings $89.18M
YoY Change 366.3%
Common Stock $714.0K
YoY Change 0.56%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.288B
YoY Change
Total Liabilities & Shareholders Equity $6.815B
YoY Change 5.77%

Cashflow Statement

Concept 2024 Q4 2024 Q3
OPERATING ACTIVITIES
Net Income $19.33M
YoY Change -115.72%
Depreciation, Depletion And Amortization $2.484M
YoY Change -0.64%
Cash From Operating Activities $8.262M
YoY Change 359.26%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$54.07M
YoY Change -35.09%
Cash From Investing Activities -$54.07M
YoY Change -42.55%
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
YoY Change -46.23%
NET CHANGE
Cash From Operating Activities 8.262M
Cash From Investing Activities -54.07M
Cash From Financing Activities 48.05M
Net Change In Cash 2.240M
YoY Change -175.57%
FREE CASH FLOW
Cash From Operating Activities $8.262M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2024Q3 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2023Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2023Q4 us-gaap Operating Lease Right Of Use Asset Statement Of Financial Position Extensible List
OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2023#DeferredCostsAndOtherAssets
CY2023Q4 us-gaap Operating Lease Liability Statement Of Financial Position Extensible List
OperatingLeaseLiabilityStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2023#AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
dei Entity Central Index Key
EntityCentralIndexKey
0001095651
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2024
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Amendment Flag
AmendmentFlag
false
CY2023Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
71077000
CY2024Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
71436000
CY2024Q3 us-gaap Operating Lease Right Of Use Asset Statement Of Financial Position Extensible List
OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2023#DeferredCostsAndOtherAssets
CY2024Q3 us-gaap Operating Lease Liability Statement Of Financial Position Extensible List
OperatingLeaseLiabilityStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2023#AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Period End Date
DocumentPeriodEndDate
2024-09-30
dei Document Transition Report
DocumentTransitionReport
false
dei Entity File Number
EntityFileNumber
001-15371
dei Entity Registrant Name
EntityRegistrantName
Safehold Inc.
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
MD
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
95-6881527
dei Entity Address Address Line1
EntityAddressAddressLine1
1114 Avenue of the Americas
dei Entity Address Address Line2
EntityAddressAddressLine2
39th Floor
dei Entity Address City Or Town
EntityAddressCityOrTown
New York
dei Entity Address State Or Province
EntityAddressStateOrProvince
NY
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
10036
dei City Area Code
CityAreaCode
212
dei Local Phone Number
LocalPhoneNumber
930-9400
dei Security12b Title
Security12bTitle
Common Stock
dei Trading Symbol
TradingSymbol
SAFE
dei Security Exchange Name
SecurityExchangeName
NYSE
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Small Business
EntitySmallBusiness
false
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
dei Entity Shell Company
EntityShellCompany
false
CY2024Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
71436180
CY2024Q3 us-gaap Sales Type Lease Net Investment In Lease Allowance For Credit Loss
SalesTypeLeaseNetInvestmentInLeaseAllowanceForCreditLoss
6047000
CY2023Q4 us-gaap Sales Type Lease Net Investment In Lease Allowance For Credit Loss
SalesTypeLeaseNetInvestmentInLeaseAllowanceForCreditLoss
465000
CY2024Q3 us-gaap Sales Type Lease Net Investment In Lease After Allowance For Credit Loss
SalesTypeLeaseNetInvestmentInLeaseAfterAllowanceForCreditLoss
3440042000
CY2023Q4 us-gaap Sales Type Lease Net Investment In Lease After Allowance For Credit Loss
SalesTypeLeaseNetInvestmentInLeaseAfterAllowanceForCreditLoss
3255195000
CY2024Q3 safe Ground Lease Receivable Allowance For Credit Losses
GroundLeaseReceivableAllowanceForCreditLosses
3384000
CY2023Q4 safe Ground Lease Receivable Allowance For Credit Losses
GroundLeaseReceivableAllowanceForCreditLosses
369000
CY2024Q3 safe Ground Lease Receivable Net
GroundLeaseReceivableNet
1779147000
CY2023Q4 safe Ground Lease Receivable Net
GroundLeaseReceivableNet
1622298000
CY2024Q3 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
740971000
CY2023Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
744337000
CY2024Q3 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
44921000
CY2023Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
40400000
CY2024Q3 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
696050000
CY2023Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
703937000
CY2024Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
210399000
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
211113000
CY2024Q3 us-gaap Real Estate Heldforsale
RealEstateHeldforsale
7779000
CY2023Q4 us-gaap Real Estate Heldforsale
RealEstateHeldforsale
9711000
CY2024Q3 safe Real Estate Investment Property Including Finite Lived Intangible Assets Net
RealEstateInvestmentPropertyIncludingFiniteLivedIntangibleAssetsNet
914228000
CY2023Q4 safe Real Estate Investment Property Including Finite Lived Intangible Assets Net
RealEstateInvestmentPropertyIncludingFiniteLivedIntangibleAssetsNet
924761000
CY2024Q3 safe Loans Receivable Related Parties Allowances
LoansReceivableRelatedPartiesAllowances
2291000
CY2023Q4 safe Loans Receivable Related Parties Allowances
LoansReceivableRelatedPartiesAllowances
2429000
CY2024Q3 us-gaap Notes Receivable Net
NotesReceivableNet
112345000
CY2023Q4 us-gaap Notes Receivable Net
NotesReceivableNet
112111000
CY2024Q3 us-gaap Equity Method Investments
EquityMethodInvestments
246310000
CY2023Q4 us-gaap Equity Method Investments
EquityMethodInvestments
310320000
CY2024Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
15579000
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
18761000
CY2024Q3 us-gaap Restricted Cash
RestrictedCash
8683000
CY2023Q4 us-gaap Restricted Cash
RestrictedCash
27979000
CY2024Q3 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
6706000
CY2023Q4 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
7619000
CY2024Q3 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
203120000
CY2023Q4 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
180032000
CY2024Q3 us-gaap Deferred Costs And Other Assets
DeferredCostsAndOtherAssets
88760000
CY2023Q4 us-gaap Deferred Costs And Other Assets
DeferredCostsAndOtherAssets
89238000
CY2024Q3 us-gaap Assets
Assets
6814920000
CY2023Q4 us-gaap Assets
Assets
6548314000
CY2024Q3 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
138601000
CY2023Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
134518000
CY2024Q3 us-gaap Below Market Lease Net
BelowMarketLeaseNet
63130000
CY2023Q4 us-gaap Below Market Lease Net
BelowMarketLeaseNet
63755000
CY2024Q3 us-gaap Long Term Debt
LongTermDebt
4295673000
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
4054365000
CY2024Q3 us-gaap Liabilities
Liabilities
4497404000
CY2023Q4 us-gaap Liabilities
Liabilities
4252638000
CY2023Q4 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
19011000
CY2024Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2023Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2024Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
400000000
CY2023Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
400000000
CY2024Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
71436000
CY2023Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
71077000
CY2024Q3 us-gaap Common Stock Value
CommonStockValue
714000
CY2023Q4 us-gaap Common Stock Value
CommonStockValue
711000
CY2024Q3 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
2190240000
CY2023Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
2184299000
CY2024Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
89175000
CY2023Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
47580000
CY2024Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
7691000
CY2023Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-1337000
CY2024Q3 us-gaap Stockholders Equity
StockholdersEquity
2287820000
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
2231253000
CY2024Q3 us-gaap Minority Interest
MinorityInterest
29696000
CY2023Q4 us-gaap Minority Interest
MinorityInterest
45412000
CY2024Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2317516000
CY2023Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2276665000
CY2024Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
6814920000
CY2023Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
6548314000
CY2024Q3 us-gaap Sales Type Lease Interest Income
SalesTypeLeaseInterestIncome
67120000
CY2023Q3 us-gaap Sales Type Lease Interest Income
SalesTypeLeaseInterestIncome
59130000
us-gaap Sales Type Lease Interest Income
SalesTypeLeaseInterestIncome
195573000
us-gaap Sales Type Lease Interest Income
SalesTypeLeaseInterestIncome
174350000
CY2024Q3 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
16650000
CY2023Q3 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
16715000
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
54344000
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
54366000
CY2024Q3 us-gaap Interest Income Operating
InterestIncomeOperating
2384000
CY2023Q3 us-gaap Interest Income Operating
InterestIncomeOperating
2381000
us-gaap Interest Income Operating
InterestIncomeOperating
7098000
us-gaap Interest Income Operating
InterestIncomeOperating
4762000
CY2024Q3 us-gaap Other Income
OtherIncome
4551000
CY2023Q3 us-gaap Other Income
OtherIncome
7335000
us-gaap Other Income
OtherIncome
16798000
us-gaap Other Income
OtherIncome
16073000
CY2024Q3 us-gaap Revenues
Revenues
90705000
CY2023Q3 us-gaap Revenues
Revenues
85561000
us-gaap Revenues
Revenues
273813000
us-gaap Revenues
Revenues
249551000
CY2024Q3 us-gaap Interest Expense
InterestExpense
49961000
CY2023Q3 us-gaap Interest Expense
InterestExpense
46553000
us-gaap Interest Expense
InterestExpense
147699000
us-gaap Interest Expense
InterestExpense
133482000
CY2024Q3 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
1047000
CY2023Q3 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
1001000
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
3167000
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
3219000
CY2024Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
2484000
CY2023Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
2519000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
7461000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
7444000
CY2024Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
13116000
CY2023Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
17860000
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
41020000
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
51843000
CY2023Q3 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
145365000
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
145365000
CY2024Q3 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
7112000
CY2023Q3 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
336000
us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
8447000
us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
2625000
CY2024Q3 us-gaap Other Expenses
OtherExpenses
1111000
CY2023Q3 us-gaap Other Expenses
OtherExpenses
2169000
us-gaap Other Expenses
OtherExpenses
1561000
us-gaap Other Expenses
OtherExpenses
17532000
CY2024Q3 us-gaap Costs And Expenses
CostsAndExpenses
74831000
CY2023Q3 us-gaap Costs And Expenses
CostsAndExpenses
215803000
us-gaap Costs And Expenses
CostsAndExpenses
209355000
us-gaap Costs And Expenses
CostsAndExpenses
361510000
CY2024Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
15874000
CY2023Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-130242000
us-gaap Operating Income Loss
OperatingIncomeLoss
64458000
us-gaap Operating Income Loss
OperatingIncomeLoss
-111959000
CY2024Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
4739000
CY2023Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
7451000
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
18120000
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
16520000
CY2024Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
20613000
CY2023Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-122791000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
82578000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-95439000
CY2024Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
660000
CY2023Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
55000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2041000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
580000
CY2024Q3 us-gaap Profit Loss
ProfitLoss
19953000
CY2023Q3 us-gaap Profit Loss
ProfitLoss
-122846000
us-gaap Profit Loss
ProfitLoss
80537000
us-gaap Profit Loss
ProfitLoss
-96019000
CY2024Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
622000
CY2023Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
123000
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
813000
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
138000
CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
19331000
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
-122969000
us-gaap Net Income Loss
NetIncomeLoss
79724000
us-gaap Net Income Loss
NetIncomeLoss
-96157000
CY2024Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.27
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.81
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.12
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.47
CY2024Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.27
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.81
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.12
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.47
CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
71436000
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
67979000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
71347000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
65214000
CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
71540000
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
67979000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
71414000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
65214000
CY2024Q3 us-gaap Profit Loss
ProfitLoss
19953000
CY2023Q3 us-gaap Profit Loss
ProfitLoss
-122846000
us-gaap Profit Loss
ProfitLoss
80537000
us-gaap Profit Loss
ProfitLoss
-96019000
CY2024Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
1693000
CY2023Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
1494000
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
4995000
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
1454000
CY2024Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
-28855000
CY2023Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
53834000
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
14023000
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
59632000
CY2024Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-30548000
CY2023Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
52340000
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
9028000
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
58178000
CY2024Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-10595000
CY2023Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-70506000
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
89565000
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-37841000
CY2024Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
622000
CY2023Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
123000
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
813000
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
138000
CY2024Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-11217000
CY2023Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-70629000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
88752000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-37979000
CY2024Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2382459000
CY2024Q3 us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
19953000
CY2024Q3 safe Issuance Of Stock And Restricted Stock Unit Amortization Net
IssuanceOfStockAndRestrictedStockUnitAmortizationNet
1805000
CY2024Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.177
CY2024Q3 us-gaap Dividends
Dividends
12753000
CY2024Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-30548000
CY2024Q3 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
343000
CY2024Q3 us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
5358000
CY2024Q3 us-gaap Minority Interest Decrease From Redemptions
MinorityInterestDecreaseFromRedemptions
48415000
CY2024Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2317516000
CY2023Q2 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
19011000
CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2233742000
CY2023Q3 us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
-122846000
CY2023Q3 safe Issuance Of Stock And Restricted Stock Unit Amortization Net
IssuanceOfStockAndRestrictedStockUnitAmortizationNet
148912000
CY2023Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.177
CY2023Q3 us-gaap Dividends
Dividends
12733000
CY2023Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
52340000
CY2023Q3 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
11000
CY2023Q3 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
19011000
CY2023Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2299404000
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
81113000
safe Issuance Of Stock And Restricted Stock Unit Amortization Net
IssuanceOfStockAndRestrictedStockUnitAmortizationNet
8976000
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.531
us-gaap Dividends
Dividends
38129000
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
9028000
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
762000
us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
29040000
us-gaap Minority Interest Decrease From Redemptions
MinorityInterestDecreaseFromRedemptions
48415000
safe Redeemable Noncontrolling Interest Decrease From Redemptions
RedeemableNoncontrollingInterestDecreaseFromRedemptions
18435000
CY2024Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2317516000
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
-96019000
safe Issuance Of Stock And Restricted Stock Unit Amortization Net
IssuanceOfStockAndRestrictedStockUnitAmortizationNet
163540000
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.531
us-gaap Dividends
Dividends
35305000
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
58178000
us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
28996000
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
538000
us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
35588000
CY2023Q3 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
19011000
CY2023Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2299404000
us-gaap Profit Loss
ProfitLoss
80537000
us-gaap Profit Loss
ProfitLoss
-96019000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
7461000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
7444000
us-gaap Share Based Compensation
ShareBasedCompensation
10125000
us-gaap Share Based Compensation
ShareBasedCompensation
20127000
us-gaap Straight Line Rent
StraightLineRent
23088000
us-gaap Straight Line Rent
StraightLineRent
23415000
safe Non Cash Interest Income From Sales Type Leases
NonCashInterestIncomeFromSalesTypeLeases
67659000
safe Non Cash Interest Income From Sales Type Leases
NonCashInterestIncomeFromSalesTypeLeases
62139000
safe Interest Expense Noncash
InterestExpenseNoncash
9996000
safe Interest Expense Noncash
InterestExpenseNoncash
10216000
us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
1732000
us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
1729000
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
145365000
us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
8447000
us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
2625000
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
18120000
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
16520000
us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
11308000
us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
4591000
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
5474000
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
5454000
us-gaap Management Fee Expense
ManagementFeeExpense
5199000
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
-5798000
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
408000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-4594000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
168000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
4948000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-12568000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
29957000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-7671000
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
10817000
safe Paymentsto Originate Acquire Sales Type Lease
PaymentstoOriginateAcquireSalesTypeLease
258042000
safe Paymentsto Originate Acquire Sales Type Lease
PaymentstoOriginateAcquireSalesTypeLease
203364000
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
33560000
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
5143000
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
1631000
safe Return Of Deposits On Ground Lease Investments
ReturnOfDepositsOnGroundLeaseInvestments
2021000
safe Return Of Deposits On Ground Lease Investments
ReturnOfDepositsOnGroundLeaseInvestments
-112000
safe Return Of Funding Of Collateral On Debt
ReturnOfFundingOfCollateralOnDebt
19112000
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
-7490000
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
3588000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-190897000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-449950000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
151940000
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
1090336000
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
458000000
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
850000000
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
145000000
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
20394000
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
4618000
us-gaap Payments Of Dividends
PaymentsOfDividends
37947000
us-gaap Payments Of Dividends
PaymentsOfDividends
33459000
safe Paymentsof Offering Costs
PaymentsofOfferingCosts
51000
safe Paymentsof Offering Costs
PaymentsofOfferingCosts
8071000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
5063000
us-gaap Payments For Repurchase Of Redeemable Noncontrolling Interest
PaymentsForRepurchaseOfRedeemableNoncontrollingInterest
18435000
safe Payments To Minority Shareholders Distributions
PaymentsToMinorityShareholdersDistributions
762000
safe Payments To Minority Shareholders Distributions
PaymentsToMinorityShareholdersDistributions
538000
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
28902000
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
30439000
safe Payments To Minority Shareholders Acquisition Of Noncontrolling Interests
PaymentsToMinorityShareholdersAcquisitionOfNoncontrollingInterests
48124000
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-1000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
138462000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
448692000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-22478000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-8929000
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
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
24262000
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
39461000
CY2024Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
15579000
CY2023Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
11483000
CY2024Q3 us-gaap Restricted Cash
RestrictedCash
8683000
CY2023Q3 us-gaap Restricted Cash
RestrictedCash
27978000
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
24262000
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
39461000
us-gaap Noncash Or Part Noncash Acquisition Debt Assumed1
NoncashOrPartNoncashAcquisitionDebtAssumed1
99995000
us-gaap Stock Issued1
StockIssued1
35588000
us-gaap Dividends Cash
DividendsCash
12747000
us-gaap Dividends Cash
DividendsCash
12882000
safe Debt Obligation Accrued Non Cash Interest
DebtObligationAccruedNonCashInterest
2067000
safe Debt Obligation Accrued Non Cash Interest
DebtObligationAccruedNonCashInterest
2014000
safe Offering Costs Incurred But Not Yet Paid
OfferingCostsIncurredButNotYetPaid
530000
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
CY2024Q3 safe Number Of Categories Of Ground Leases
NumberOfCategoriesOfGroundLeases
2
CY2023Q3 safe Reporting Unit Carrying Value Goodwill Evaluation
ReportingUnitCarryingValueGoodwillEvaluation
2400000000
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
145400000
CY2023Q3 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
145400000
CY2024Q3 us-gaap Minority Interest In Joint Ventures
MinorityInterestInJointVentures
46000000.0
CY2024Q3 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceived
32964934000
CY2023Q4 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceived
30586189000
CY2024Q3 us-gaap Sales Type Lease Unguaranteed Residual Asset
SalesTypeLeaseUnguaranteedResidualAsset
3040268000
CY2023Q4 us-gaap Sales Type Lease Unguaranteed Residual Asset
SalesTypeLeaseUnguaranteedResidualAsset
2946928000
CY2024Q3 safe Presentvaluediscountonsalestypeleases
Presentvaluediscountonsalestypeleases
32559113000
CY2023Q4 safe Presentvaluediscountonsalestypeleases
Presentvaluediscountonsalestypeleases
30277457000
CY2024Q3 us-gaap Sales Type Lease Net Investment In Lease Allowance For Credit Loss
SalesTypeLeaseNetInvestmentInLeaseAllowanceForCreditLoss
6047000
CY2023Q4 us-gaap Sales Type Lease Net Investment In Lease Allowance For Credit Loss
SalesTypeLeaseNetInvestmentInLeaseAllowanceForCreditLoss
465000
CY2024Q3 us-gaap Sales Type Lease Net Investment In Lease After Allowance For Credit Loss
SalesTypeLeaseNetInvestmentInLeaseAfterAllowanceForCreditLoss
3440042000
CY2023Q4 us-gaap Sales Type Lease Net Investment In Lease After Allowance For Credit Loss
SalesTypeLeaseNetInvestmentInLeaseAfterAllowanceForCreditLoss
3255195000
CY2024Q3 safe Sales Type Lease Net Investment In Lease Discounted
SalesTypeLeaseNetInvestmentInLeaseDiscounted
3414000000
CY2024Q3 safe Sales Type Lease Discounted Unguaranteed Residual Asset
SalesTypeLeaseDiscountedUnguaranteedResidualAsset
31600000
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
145144000
safe Ground Lease Acquisition
GroundLeaseAcquisition
137490000
safe Origination And Acquisition Of Leaseand Lease Receivables During Period
OriginationAndAcquisitionOfLeaseandLeaseReceivablesDuringPeriod
282634000
safe Salestype Lease Net Investmentin Lease Non Cash Interest Income
SalestypeLeaseNetInvestmentinLeaseNonCashInterestIncome
45285000
safe Ground Lease Non Cash Interest Income
GroundLeaseNonCashInterestIncome
22374000
safe Noncash Accretion Amortizationof Interest Incomeon Leasesand Leases Receivable During Period
NoncashAccretionAmortizationofInterestIncomeonLeasesandLeasesReceivableDuringPeriod
67659000
us-gaap Sales Type Lease Impairment Loss
SalesTypeLeaseImpairmentLoss
5582000
safe Ground Lease Receivable Allowance For Credit Loss Expense Reversal Of Expense
GroundLeaseReceivableAllowanceForCreditLossExpenseReversalOfExpense
3015000
CY2024Q3 safe Sales Type And Direct Financing Leases Lease Receivable Credit Loss Expense Reversal
SalesTypeAndDirectFinancingLeasesLeaseReceivableCreditLossExpenseReversal
8597000
CY2024Q3 us-gaap Sales Type Lease Net Investment In Lease After Allowance For Credit Loss
SalesTypeLeaseNetInvestmentInLeaseAfterAllowanceForCreditLoss
3440042000
CY2024Q3 safe Ground Lease Receivable Net
GroundLeaseReceivableNet
1779147000
CY2024Q3 us-gaap Sales Type And Direct Financing Leases Lease Receivable
SalesTypeAndDirectFinancingLeasesLeaseReceivable
5219189000
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
33400000
safe Ground Lease Acquisition
GroundLeaseAcquisition
170194000
safe Origination And Acquisition Of Leaseand Lease Receivables During Period
OriginationAndAcquisitionOfLeaseandLeaseReceivablesDuringPeriod
203594000
safe Salestype Lease Net Investmentin Lease Non Cash Interest Income
SalestypeLeaseNetInvestmentinLeaseNonCashInterestIncome
43061000
safe Ground Lease Non Cash Interest Income
GroundLeaseNonCashInterestIncome
19078000
safe Noncash Accretion Amortizationof Interest Incomeon Leasesand Leases Receivable During Period
NoncashAccretionAmortizationofInterestIncomeonLeasesandLeasesReceivableDuringPeriod
62139000
us-gaap Sales Type Lease Impairment Loss
SalesTypeLeaseImpairmentLoss
117000
safe Ground Lease Receivable Allowance For Credit Loss Expense Reversal Of Expense
GroundLeaseReceivableAllowanceForCreditLossExpenseReversalOfExpense
119000
CY2023Q3 safe Sales Type And Direct Financing Leases Lease Receivable Credit Loss Expense Reversal
SalesTypeAndDirectFinancingLeasesLeaseReceivableCreditLossExpenseReversal
236000
CY2023Q3 us-gaap Sales Type Lease Net Investment In Lease After Allowance For Credit Loss
SalesTypeLeaseNetInvestmentInLeaseAfterAllowanceForCreditLoss
3182592000
CY2023Q3 safe Ground Lease Receivable Net
GroundLeaseReceivableNet
1563670000
CY2023Q3 us-gaap Sales Type And Direct Financing Leases Lease Receivable
SalesTypeAndDirectFinancingLeasesLeaseReceivable
4746262000
CY2024Q3 safe Lease Receivable Weighted Average Accrual Rate Net Investmentin Salestype Lease
LeaseReceivableWeightedAverageAccrualRateNetInvestmentinSalestypeLease
0.053
CY2024Q3 safe Lease Receivable Weighted Average Accrual Rate Net Investmentin Ground Lease
LeaseReceivableWeightedAverageAccrualRateNetInvestmentinGroundLease
0.055
CY2024Q3 safe Numberof Ground Leasereceivables
NumberofGroundLeasereceivables
40
CY2024Q2 safe Sales Type Lease Net Investment In Lease Including Unfunded Commitments Allowance For Credit Loss
SalesTypeLeaseNetInvestmentInLeaseIncludingUnfundedCommitmentsAllowanceForCreditLoss
1523000
CY2024Q3 safe Sales Type Lease Net Investment In Lease Credit Loss Expense Reversal
SalesTypeLeaseNetInvestmentInLeaseCreditLossExpenseReversal
4525000
CY2024Q3 safe Sales Type Lease Net Investment In Lease Including Unfunded Commitments Allowance For Credit Loss
SalesTypeLeaseNetInvestmentInLeaseIncludingUnfundedCommitmentsAllowanceForCreditLoss
6048000
CY2023Q2 safe Sales Type Lease Net Investment In Lease Including Unfunded Commitments Allowance For Credit Loss
SalesTypeLeaseNetInvestmentInLeaseIncludingUnfundedCommitmentsAllowanceForCreditLoss
337000
CY2023Q3 safe Sales Type Lease Net Investment In Lease Credit Loss Expense Reversal
SalesTypeLeaseNetInvestmentInLeaseCreditLossExpenseReversal
132000
CY2023Q3 safe Sales Type Lease Net Investment In Lease Including Unfunded Commitments Allowance For Credit Loss
SalesTypeLeaseNetInvestmentInLeaseIncludingUnfundedCommitmentsAllowanceForCreditLoss
469000
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
5583000
CY2024Q3 safe Sales Type Lease Net Investment In Lease Including Unfunded Commitments Allowance For Credit Loss
SalesTypeLeaseNetInvestmentInLeaseIncludingUnfundedCommitmentsAllowanceForCreditLoss
6048000
safe Sales Type Lease Net Investment In Lease Credit Loss Expense Reversal
SalesTypeLeaseNetInvestmentInLeaseCreditLossExpenseReversal
112000
CY2023Q3 safe Sales Type Lease Net Investment In Lease Including Unfunded Commitments Allowance For Credit Loss
SalesTypeLeaseNetInvestmentInLeaseIncludingUnfundedCommitmentsAllowanceForCreditLoss
469000
CY2024Q3 safe Sales Type Lease Net Investment In Lease Credit Loss Expense Reversal
SalesTypeLeaseNetInvestmentInLeaseCreditLossExpenseReversal
4500000
safe Sales Type Lease Net Investment In Lease Credit Loss Expense Reversal
SalesTypeLeaseNetInvestmentInLeaseCreditLossExpenseReversal
5600000
CY2023Q3 safe Sales Type Lease Net Investment In Lease Credit Loss Expense Reversal
SalesTypeLeaseNetInvestmentInLeaseCreditLossExpenseReversal
100000
safe Sales Type Lease Net Investment In Lease Credit Loss Expense Reversal
SalesTypeLeaseNetInvestmentInLeaseCreditLossExpenseReversal
100000
CY2024Q2 safe Ground Lease Receivable Including Unfunded Commitments Allowance For Credit Loss
GroundLeaseReceivableIncludingUnfundedCommitmentsAllowanceForCreditLoss
786000
CY2024Q3 safe Ground Lease Receivable Credit Loss Expense Reversal
GroundLeaseReceivableCreditLossExpenseReversal
2653000
CY2024Q3 safe Ground Lease Receivable Including Unfunded Commitments Allowance For Credit Loss
GroundLeaseReceivableIncludingUnfundedCommitmentsAllowanceForCreditLoss
3439000
CY2023Q2 safe Ground Lease Receivable Including Unfunded Commitments Allowance For Credit Loss
GroundLeaseReceivableIncludingUnfundedCommitmentsAllowanceForCreditLoss
281000
CY2023Q3 safe Ground Lease Receivable Credit Loss Expense Reversal
GroundLeaseReceivableCreditLossExpenseReversal
94000
CY2023Q3 safe Ground Lease Receivable Including Unfunded Commitments Allowance For Credit Loss
GroundLeaseReceivableIncludingUnfundedCommitmentsAllowanceForCreditLoss
375000
CY2023Q4 safe Ground Lease Receivable Including Unfunded Commitments Allowance For Credit Loss
GroundLeaseReceivableIncludingUnfundedCommitmentsAllowanceForCreditLoss
406000
safe Ground Lease Receivable Credit Loss Expense Reversal
GroundLeaseReceivableCreditLossExpenseReversal
3033000
CY2024Q3 safe Ground Lease Receivable Including Unfunded Commitments Allowance For Credit Loss
GroundLeaseReceivableIncludingUnfundedCommitmentsAllowanceForCreditLoss
3439000
safe Ground Lease Receivable Credit Loss Expense Reversal
GroundLeaseReceivableCreditLossExpenseReversal
92000
CY2023Q3 safe Ground Lease Receivable Including Unfunded Commitments Allowance For Credit Loss
GroundLeaseReceivableIncludingUnfundedCommitmentsAllowanceForCreditLoss
375000
CY2024Q3 safe Ground Lease Receivable Credit Loss Expense Reversal
GroundLeaseReceivableCreditLossExpenseReversal
2700000
safe Ground Lease Receivable Credit Loss Expense Reversal
GroundLeaseReceivableCreditLossExpenseReversal
3000000.0
CY2023Q3 safe Ground Lease Receivable Credit Loss Expense Reversal
GroundLeaseReceivableCreditLossExpenseReversal
100000
safe Ground Lease Receivable Credit Loss Expense Reversal
GroundLeaseReceivableCreditLossExpenseReversal
100000
CY2024Q3 us-gaap Sales Type Lease Net Investment In Lease Originated In Current Fiscal Year
SalesTypeLeaseNetInvestmentInLeaseOriginatedInCurrentFiscalYear
146167000
CY2024Q3 us-gaap Sales Type Lease Net Investment In Lease Originated In Fiscal Year Before Latest Fiscal Year
SalesTypeLeaseNetInvestmentInLeaseOriginatedInFiscalYearBeforeLatestFiscalYear
72002000
CY2024Q3 us-gaap Sales Type Lease Net Investment In Lease Originated Two Years Before Latest Fiscal Year
SalesTypeLeaseNetInvestmentInLeaseOriginatedTwoYearsBeforeLatestFiscalYear
689159000
CY2024Q3 us-gaap Sales Type Lease Net Investment In Lease Originated Three Years Before Latest Fiscal Year
SalesTypeLeaseNetInvestmentInLeaseOriginatedThreeYearsBeforeLatestFiscalYear
1212610000
CY2024Q3 us-gaap Sales Type Lease Net Investment In Lease Originated Four Years Before Latest Fiscal Year
SalesTypeLeaseNetInvestmentInLeaseOriginatedFourYearsBeforeLatestFiscalYear
213404000
CY2024Q3 us-gaap Sales Type Lease Net Investment In Lease Originated Five Or More Years Before Latest Fiscal Year
SalesTypeLeaseNetInvestmentInLeaseOriginatedFiveOrMoreYearsBeforeLatestFiscalYear
1112747000
CY2024Q3 us-gaap Sales Type Lease Net Investment In Lease
SalesTypeLeaseNetInvestmentInLease
3446089000
CY2024Q3 safe Ground Lease Receivable Year One Originated Current Fiscal Year
GroundLeaseReceivableYearOneOriginatedCurrentFiscalYear
57188000
CY2024Q3 safe Ground Lease Receivable Year Two Originated Fiscal Year Before Current Fiscal Year
GroundLeaseReceivableYearTwoOriginatedFiscalYearBeforeCurrentFiscalYear
32788000
CY2024Q3 safe Ground Lease Receivable Year Three Originated Two Years Before Current Fiscal Year
GroundLeaseReceivableYearThreeOriginatedTwoYearsBeforeCurrentFiscalYear
774431000
CY2024Q3 safe Ground Lease Receivable Year Four Originated Three Years Before Current Fiscal Year
GroundLeaseReceivableYearFourOriginatedThreeYearsBeforeCurrentFiscalYear
278156000
CY2024Q3 safe Ground Lease Receivable Year Five Originated Four Years Before Current Fiscal Year
GroundLeaseReceivableYearFiveOriginatedFourYearsBeforeCurrentFiscalYear
183233000
CY2024Q3 safe Ground Lease Receivable Originated More Than Five Years Before Current Fiscal Year
GroundLeaseReceivableOriginatedMoreThanFiveYearsBeforeCurrentFiscalYear
456735000
CY2024Q3 safe Ground Lease Receivable
GroundLeaseReceivable
1782531000
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
CY2024Q3 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Remainder Of Fiscal Year
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedRemainderOfFiscalYear
35070000
CY2024Q3 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Next Twelve Months
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedNextTwelveMonths
115602000
CY2024Q3 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Two Years
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedTwoYears
118191000
CY2024Q3 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Three Years
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedThreeYears
120908000
CY2024Q3 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Four Years
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedFourYears
123212000
CY2024Q3 safe Sales Type And Direct Financing Leases Lease Receivable To Be Received After Year Four
SalesTypeAndDirectFinancingLeasesLeaseReceivableToBeReceivedAfterYearFour
32451951000
CY2024Q3 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceived
32964934000
CY2024Q3 us-gaap Sales Type Lease Interest Income
SalesTypeLeaseInterestIncome
67120000
CY2023Q3 us-gaap Sales Type Lease Interest Income
SalesTypeLeaseInterestIncome
59130000
us-gaap Sales Type Lease Interest Income
SalesTypeLeaseInterestIncome
195573000
us-gaap Sales Type Lease Interest Income
SalesTypeLeaseInterestIncome
174350000
CY2024Q3 us-gaap Land And Land Improvements
LandAndLandImprovements
547739000
CY2023Q4 us-gaap Land And Land Improvements
LandAndLandImprovements
551105000
CY2024Q3 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
193232000
CY2023Q4 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
193232000
CY2024Q3 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
44921000
CY2023Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
40400000
CY2024Q3 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
696050000
CY2023Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
703937000
CY2024Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
210399000
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
211113000
CY2024Q3 us-gaap Real Estate Heldforsale
RealEstateHeldforsale
7779000
CY2023Q4 us-gaap Real Estate Heldforsale
RealEstateHeldforsale
9711000
CY2024Q3 safe Real Estate Investment Property Including Finite Lived Intangible Assets Net
RealEstateInvestmentPropertyIncludingFiniteLivedIntangibleAssetsNet
914228000
CY2023Q4 safe Real Estate Investment Property Including Finite Lived Intangible Assets Net
RealEstateInvestmentPropertyIncludingFiniteLivedIntangibleAssetsNet
924761000
CY2024Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
256382000
CY2024Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
45983000
CY2024Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
210399000
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
CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
1669000
CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
6678000
CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
3299000
CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
3299000
CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
3291000
CY2024Q3 us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P81Y2M12D
CY2024Q3 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
68618000
CY2024Q3 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
5488000
CY2024Q3 us-gaap Below Market Lease Net
BelowMarketLeaseNet
63130000
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
CY2024Q3 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
9324000
CY2024Q3 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
38434000
CY2024Q3 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
29683000
CY2024Q3 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
30099000
CY2024Q3 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
30361000
CY2024Q3 safe Lessor Operating Lease Payment To Be Received After Year Four
LessorOperatingLeasePaymentToBeReceivedAfterYearFour
5174985000
CY2024Q3 us-gaap Equity Method Investments
EquityMethodInvestments
246310000
CY2023Q4 us-gaap Equity Method Investments
EquityMethodInvestments
310320000
CY2024Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
4739000
CY2023Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
7451000
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
18120000
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
16520000
CY2024Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
30801000
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
33964000
CY2024Q3 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
27692000
CY2023Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
34864000
CY2024Q3 us-gaap Debt Issuance Costs Line Of Credit Arrangements Net
DebtIssuanceCostsLineOfCreditArrangementsNet
17558000
CY2023Q4 us-gaap Debt Issuance Costs Line Of Credit Arrangements Net
DebtIssuanceCostsLineOfCreditArrangementsNet
3692000
CY2024Q3 us-gaap Other Deferred Costs Net
OtherDeferredCostsNet
11488000
CY2023Q4 us-gaap Other Deferred Costs Net
OtherDeferredCostsNet
13210000
CY2024Q3 us-gaap Deposit Assets
DepositAssets
70000
CY2023Q4 us-gaap Deposit Assets
DepositAssets
2090000
CY2024Q3 us-gaap Deferred Costs Leasing Net
DeferredCostsLeasingNet
433000
CY2023Q4 us-gaap Deferred Costs Leasing Net
DeferredCostsLeasingNet
439000
CY2024Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
718000
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
979000
CY2024Q3 us-gaap Deferred Costs And Other Assets
DeferredCostsAndOtherAssets
88760000
CY2023Q4 us-gaap Deferred Costs And Other Assets
DeferredCostsAndOtherAssets
89238000
CY2024Q3 us-gaap Lessee Operating Lease Discount Rate
LesseeOperatingLeaseDiscountRate
0.055
CY2024Q3 us-gaap Accumulated Amortization Of Current Deferred Finance Costs
AccumulatedAmortizationOfCurrentDeferredFinanceCosts
2200000
CY2023Q4 us-gaap Accumulated Amortization Of Current Deferred Finance Costs
AccumulatedAmortizationOfCurrentDeferredFinanceCosts
11000000.0
CY2024Q3 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
85660000
CY2023Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
68821000
CY2024Q3 us-gaap Other Liabilities
OtherLiabilities
15590000
CY2023Q4 us-gaap Other Liabilities
OtherLiabilities
17626000
CY2024Q3 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
13214000
CY2023Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
13049000
CY2024Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
11749000
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
15751000
CY2024Q3 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
12388000
CY2023Q4 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
19271000
CY2024Q3 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
138601000
CY2023Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
134518000
CY2024Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
4342222000
CY2023Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
4096155000
CY2024Q3 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
46549000
CY2023Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
41790000
CY2024Q3 us-gaap Long Term Debt
LongTermDebt
4295673000
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
4054365000
CY2024Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
237000000
CY2024Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
79193000
CY2024Q3 safe Long Term Debt Maturities Repayments Of Principal After Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFour
4026029000
CY2024Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
4342222000
CY2024Q3 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
46549000
CY2024Q3 us-gaap Long Term Debt
LongTermDebt
4295673000
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
1560000
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
6223000
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
543000
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
543000
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
543000
CY2024Q3 safe Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
8192000
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
17604000
CY2024Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
5855000
CY2024Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
11749000
CY2024Q3 safe Lessee Operating Lease Liability Other Adjustments Annual Amount Due Lessor
LesseeOperatingLeaseLiabilityOtherAdjustmentsAnnualAmountDueLessor
500000
CY2024Q3 safe Lessee Operating Lease Discount Rate Office Leases
LesseeOperatingLeaseDiscountRateOfficeLeases
0.057
CY2024Q3 us-gaap Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
P9Y7M6D
CY2023Q3 us-gaap Operating Lease Payments Use
OperatingLeasePaymentsUse
1400000
us-gaap Operating Lease Payments Use
OperatingLeasePaymentsUse
2900000
CY2024Q3 us-gaap Operating Lease Payments Use
OperatingLeasePaymentsUse
1400000
us-gaap Operating Lease Payments Use
OperatingLeasePaymentsUse
4300000
CY2024Q3 safe Real Estate Leasehold Improvement Allowance Unfunded Pending Milestone Achievement
RealEstateLeaseholdImprovementAllowanceUnfundedPendingMilestoneAchievement
70600000
CY2024Q3 safe Long Term Purchase Commitment Future Funding Obligation Amount
LongTermPurchaseCommitmentFutureFundingObligationAmount
150300000
CY2024Q3 safe Performance Based Commitments
PerformanceBasedCommitments
120100000
CY2024Q3 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
27692000
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
-1100000
CY2024Q3 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
38100000
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.531
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
35300000
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.531
CY2024Q3 us-gaap Profit Loss
ProfitLoss
19953000
CY2023Q3 us-gaap Profit Loss
ProfitLoss
-122846000
us-gaap Profit Loss
ProfitLoss
80537000
us-gaap Profit Loss
ProfitLoss
-96019000
CY2024Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
622000
CY2023Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
123000
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
813000
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
138000
CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
19331000
CY2024Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
19331000
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
-122969000
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-122969000
us-gaap Net Income Loss
NetIncomeLoss
79724000
us-gaap Net Income Loss
NetIncomeLoss
-96157000
CY2024Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
19331000
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-122969000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
79724000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-96157000
CY2024Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
19331000
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-122969000
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
79724000
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-96157000
CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
71436000
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
67979000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
71347000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
65214000
CY2024Q3 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
104000
us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
67000
CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
71540000
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
67979000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
71414000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
65214000
CY2024Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.27
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.81
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.12
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.47
CY2024Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.27
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.81
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.12
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.47
CY2023Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
51000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
10000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
22000
CY2024Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false

Files In Submission

Name View Source Status
FilingSummary.xml Edgar Link unprocessable
0001095651-24-000028-index-headers.html Edgar Link pending
0001095651-24-000028-index.html Edgar Link pending
0001095651-24-000028.txt Edgar Link pending
0001095651-24-000028-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R63.htm Edgar Link pending
R64.htm Edgar Link pending
R65.htm Edgar Link pending
R66.htm Edgar Link pending
R67.htm Edgar Link pending
R68.htm Edgar Link pending
R69.htm Edgar Link pending
R7.htm Edgar Link pending
R70.htm Edgar Link pending
R71.htm Edgar Link pending
R72.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
safe-20240930.xsd Edgar Link pending
safe-20240930x10q.htm Edgar Link pending
safe-20240930xex22d1.htm Edgar Link pending
safe-20240930xex31d0.htm Edgar Link pending
safe-20240930xex32d0.htm Edgar Link pending
Show.js Edgar Link pending
safe-20240930_cal.xml Edgar Link unprocessable
safe-20240930_def.xml Edgar Link unprocessable
safe-20240930_lab.xml Edgar Link unprocessable
safe-20240930_pre.xml Edgar Link unprocessable
safe-20240930x10q_htm.xml Edgar Link completed