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Earnings Per Share

12 Months Ended

Dec. 31, 2023

Earnings Per Share [Abstract]

Earnings Per Share

Note 13—Earnings Per Share

EPS is calculated by dividing net income attributable to common shareholders by the weighted average number of shares outstanding for the period. The following tables present a reconciliation of net income used in the basic and diluted EPS calculations ($ and shares in thousands, except for per share data):

​

​	​	​	​	​	​	​	​	​	​	​
​	​	​	For the Years Ended December 31,
​			2023			2022			2021
Net income (loss)	​	​	$	(54,565)	​	$	144,684	​	$	73,357
Net (income) attributable to noncontrolling interests	​	​		(408)	​		(9,261)	​		(234)
Net income (loss) attributable to Safehold Inc. common shareholders for basic and diluted earnings per common share	​	​	$	(54,973)	​	$	135,423	​	$	73,123

​

​	​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​	​
​	​	For the Years Ended December 31,
​		2023			2022			2021
Earnings attributable to common shares:		​			​			​
Numerator for basic and diluted earnings per share:		​			​			​
Net income (loss) attributable to Safehold Inc. common shareholders - basic	​	$	(54,973)	​	$	135,423	​	$	73,123
Net income (loss) attributable to Safehold Inc. common shareholders - diluted	​	$	(54,973)	​	$	135,423	​	$	73,123
​	​	​	​	​	​	​	​	​	​
Denominator for basic and diluted earnings per share:(1)	​			​			​
Weighted average common shares outstanding for basic earnings per common share	​		66,690	​		62,393	​		55,250
Add: Effect of assumed shares under treasury stock method for restricted stock units	​		—	​		1	​		13
Weighted average common shares outstanding for diluted earnings per common share	​		66,690	​		62,394	​		55,263
​	​	​	​	​	​	​	​	​	​
Basic and diluted earnings per common share:(1)	​			​			​
Net income (loss) attributable to Safehold Inc. common shareholders - basic	​	$	(0.82)	​	$	2.17	​	$	1.32
Net income (loss) attributable to Safehold Inc. common shareholders - diluted	​	$	(0.82)	​	$	2.17	​	$	1.32

​

(1) For the year ended December 31, 2023, the effect of 31,557 of the Company’s restricted stock awards were antidilutive due to the Company having a net loss for the period. For the years ended December 31, 2022 and 2021, weighted average shares outstanding and earnings per share have been recast in accordance with ASC 805 to reflect the exchange ratio used in the reverse acquisition.

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- Definition

The entire disclosure for earnings per share.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482662/260-10-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//260/tableOfContent

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482662/260-10-50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482662/260-10-50-3

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