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Earnings Per Share
 6 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
Earnings Per Share

Note 14—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):

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Three Months Ended

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Six Months Ended

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June 30, 

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June 30, 

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2025

    

2024

    

2025

    

2024

    

Net income (loss)

​

$

27,969

​

$

29,555

​

$

57,379

​

$

60,584

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Net (income) loss attributable to noncontrolling interests

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(22)

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110

​

 

(68)

​

 

(191)

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Net income (loss) attributable to Safehold Inc. common shareholders for basic and diluted earnings per common share

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$

27,947

​

$

29,665

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$

57,311

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$

60,393

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​

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Three Months Ended

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Six Months Ended

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​

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June 30, 

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June 30, 

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2025

    

2024

    

2025

    

2024

    

Earnings attributable to common shares:

 

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​

  

 

Numerator for basic and diluted earnings per share:

 

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​

  

 

Net income (loss) attributable to Safehold Inc. common shareholders - basic

​

$

27,947

​

$

29,665

​

$

57,311

​

$

60,393

​

Net income (loss) attributable to Safehold Inc. common shareholders - diluted

​

$

27,947

​

$

29,665

​

$

57,311

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$

60,393

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​

​

​

​

​

​

​

​

​

​

​

​

​

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Denominator for basic and diluted earnings per share:(1)

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​

 

  

​

 

  

​

 

  

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Weighted average common shares outstanding for basic earnings per common share

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71,740

​

 

71,435

​

 

71,631

​

 

71,303

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Add: Effect of assumed shares under treasury stock method for restricted stock units

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61

​

 

27

​

 

87

​

 

48

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Weighted average common shares outstanding for diluted earnings per common share

​

 

71,801

​

 

71,462

​

 

71,718

​

 

71,351

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​

​

​

​

​

​

​

​

​

​

​

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Basic and diluted earnings per common share:(1)

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​

 

  

​

 

  

​

 

  

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Net income (loss) attributable to Safehold Inc. common shareholders - basic

​

$

0.39

​

$

0.42

​

$

0.80

​

$

0.85

​

Net income (loss) attributable to Safehold Inc. common shareholders - diluted

​

$

0.39

​

$

0.42

​

$

0.80

​

$

0.85

​

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(1)For the three and six months ended June 30, 2024, the effect of 9 thousand and 31 thousand, respectively, of the Company’s restricted stock units were antidilutive.