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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenues:    
Interest income from sales-type leases $ 63,218 $ 57,062
Operating lease income 21,003 20,901
Interest income - related party [1] 2,357  
Other income [2] 6,635 366
Total revenues 93,213 78,329
Costs and expenses:    
Interest expense 48,631 40,873
Real estate expense 1,079 1,206
Depreciation and amortization 2,487 2,398
General and administrative [3] 15,628 15,067
Provision for credit losses 709 2,242
Other expense 91 14,089
Total costs and expenses 68,625 75,875
Income (loss) from operations before other items 24,588 2,454
Earnings from equity method investments 6,912 2,262
Net income (loss) before income taxes 31,500 4,716
Income tax expense (471)  
Net income (loss) 31,029 4,716
Net (income) attributable to noncontrolling interests (301) (34)
Net income (loss) attributable to Safehold Inc. common shareholders $ 30,728 $ 4,682
Net income (loss)    
Basic (dollars per share) $ 0.43 $ 0.07
Diluted (dollars per shares) $ 0.43 $ 0.07
Weighted average number of common shares:    
Basic (in shares) 71,170 63,672
Diluted (in shares) 71,240 63,672
[1] Refer to Note 6.
[2] For the three months ended March 31, 2024, includes $5.5 million of management fees from related parties.
[3] For the three months ended March 31, 2023, includes $8.3 million of general and administrative expenses incurred to related parties that includes management fees and expense reimbursements to the Former Manager (refer to Note 1).