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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenues:      
Interest income from sales-type leases [1] $ 264,250 $ 235,503 $ 202,258
Operating lease income 71,061 71,287 66,817
Interest income - related party 9,482 7,143  
Other income [2] 20,892 38,645 1,238
Total revenues 365,685 352,578 270,313
Costs and expenses:      
Interest expense 198,042 181,011 128,969
Real estate expense 4,224 4,653 3,110
Depreciation and amortization 9,947 9,936 9,613
General and administrative [3] 54,917 68,569 38,614
Impairment of goodwill   145,365  
Provision for (recovery of) credit losses 9,489 2,704  
Other expense 1,983 17,862 10,189
Total costs and expenses 278,602 430,100 190,495
Gain on sale of Ground leases   447 55,811
Income (loss) from operations before other items 87,083 (77,075) 135,629
Earnings (losses) from equity method investments 22,977 24,229 9,055
Net income (loss) before income taxes 110,060 (52,846) 144,684
Income tax expense (3,445) (1,719)  
Net income (loss) 106,615 (54,565) 144,684
Net (income) loss attributable to noncontrolling interests (852) (408) (9,261)
Net income (loss) attributable to Safehold Inc. common shareholders $ 105,763 $ (54,973) $ 135,423
Net income (loss)      
Basic (dollars per share) $ 1.48 $ (0.82) $ 2.17
Diluted (dollars per shares) $ 1.48 $ (0.82) $ 2.17
Weighted average number of common shares:      
Basic (in shares) 71,370 66,690 62,393
Diluted (in shares) 71,451 66,690 62,394
[1] For the year ended December 31, 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] For the years ended December 31, 2024 and 2023, includes $16.8 million and $19.4 million, respectively, of management fees from related parties.
[3] For the years ended December 31, 2023 and 2022, includes $31.6 million and $34.3 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).