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Earnings Per Share

3 Months Ended

Mar. 31, 2024

Earnings Per Share [Abstract]

Earnings Per Share

Note 13—Earnings Per Share

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):

​

​	​	​	​	​	​	​	​
​	​	Three Months Ended					​
​	​	March 31,					​
​		2024			2023
Net income (loss)	​	$	31,029	​	$	4,716	​
Net (income) attributable to noncontrolling interests	​		(301)	​		(34)	​
Net income (loss) attributable to Safehold Inc. common shareholders for basic and diluted earnings per common share	​	$	30,728	​	$	4,682	​

​

​	​	​	​	​	​	​	​
​	​	Three Months Ended					​
​	​	March 31,					​
​		2024			2023
Earnings attributable to common shares:		​			​
Numerator for basic and diluted earnings per share:		​			​
Net income (loss) attributable to Safehold Inc. common shareholders - basic	​	$	30,728	​	$	4,682	​
Net income (loss) attributable to Safehold Inc. common shareholders - diluted	​	$	30,728	​	$	4,682	​
​	​	​	​	​	​	​	​
Denominator for basic and diluted earnings per share:(1)	​			​			​
Weighted average common shares outstanding for basic earnings per common share	​		71,170	​		63,672	​
Add: Effect of assumed shares under treasury stock method for restricted stock units	​		70	​		—	​
Weighted average common shares outstanding for diluted earnings per common share	​		71,240	​		63,672	​
​	​	​	​	​	​	​	​
Basic and diluted earnings per common share:(1)	​			​			​
Net income (loss) attributable to Safehold Inc. common shareholders - basic	​	$	0.43	​	$	0.07	​
Net income (loss) attributable to Safehold Inc. common shareholders - diluted	​	$	0.43	​	$	0.07	​

​

(1) For the three months ended March 31, 2024 and 2023, the effect of 21,792 and 4,650, respectively, of the Company’s restricted stock awards were antidilutive.

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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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