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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues:        
Interest income from sales-type leases [1] $ 59,130 $ 54,736 $ 174,350 $ 146,014
Operating lease income 16,715 16,507 54,366 49,925
Interest income - related party [2] 2,381   4,762  
Other income [3] 7,335 453 16,073 1,004
Total revenues 85,561 71,696 249,551 196,943
Costs and expenses:        
Interest expense 46,553 35,463 133,482 91,050
Real estate expense 1,001 866 3,219 2,272
Depreciation and amortization 2,519 2,407 7,444 7,215
General and administrative [4] 17,860 9,551 51,843 29,203
Impairment of goodwill 145,365   145,365  
Provision for credit losses 336   2,625  
Other expense 2,169 6,073 17,532 6,777
Total costs and expenses 215,803 54,360 361,510 136,517
Gain on sale of net investment in lease   55,811   55,811
Income (loss) from operations before other items (130,242) 73,147 (111,959) 116,237
Earnings from equity method investments 7,451 2,244 16,520 6,772
Net income (loss) before income taxes (122,791) 75,391 (95,439) 123,009
Income tax expense (55)   (580)  
Net income (loss) (122,846) 75,391 (96,019) 123,009
Net (income) attributable to noncontrolling interests (123) (9,314) (138) (9,381)
Net income (loss) attributable to Safehold Inc. common shareholders $ (122,969) $ 66,077 $ (96,157) $ 113,628
Net income (loss)        
Basic (dollars per share) $ (1.81) $ 1.04 $ (1.47) $ 1.83
Diluted (dollars per shares) $ (1.81) $ 1.04 $ (1.47) $ 1.83
Weighted average number of common shares:        
Basic (in shares) 67,979 63,393 65,214 61,991
Diluted (in shares) 67,979 63,393 65,214 61,991
[1] For the nine months ended September 30, 2022, the Company recorded $2.1 million of “Interest income from sales-type leases” in its consolidated statements of operations from Ground Leases with iStar Inc. (“iStar”).
[2] Refer to Note 3.
[3] For the three and nine months ended September 30, 2023, includes $6.0 million and $13.2 million, respectively, of management fees from related parties.
[4] For the three months ended September 30, 2023 and 2022, includes $7.5 million and $8.5 million, respectively, of general and administrative expenses incurred to related parties that includes management fees and expense reimbursements to the Former Manager (refer to Note 1) and equity-based compensation (including equity-based compensation to employees). For the nine months ended September 30, 2023 and 2022, includes $28.5 million and $25.8 million, respectively, of general and administrative expenses incurred to related parties that includes management fees, expense reimbursements to the Former Manager (refer to Note 1) and equity-based compensation (including equity-based compensation to employees).