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Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2025

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				Nine Months Ended
	September 30,				September 30,
	2025		2024		2025		2024
Net income (loss)	$	29,318	$	19,953	$	86,697	$	80,537
Net (income) loss attributable to noncontrolling interests		(36)		(622)		(104)		(813)
Net income (loss) attributable to Safehold Inc. common shareholders for basic and diluted earnings per common share	$	29,282	$	19,331	$	86,593	$	79,724


	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2025		2024		2025		2024
Earnings attributable to common shares:
Numerator for basic and diluted earnings per share:
Net income (loss) attributable to Safehold Inc. common shareholders - basic	$	29,282	$	19,331	$	86,593	$	79,724
Net income (loss) attributable to Safehold Inc. common shareholders - diluted	$	29,282	$	19,331	$	86,593	$	79,724

Denominator for basic and diluted earnings per share:⁽¹⁾
Weighted average common shares outstanding for basic earnings per common share		71,756		71,436		71,673		71,347
Add: Effect of assumed shares under treasury stock method for restricted stock units		87		104		87		67
Weighted average common shares outstanding for diluted earnings per common share		71,843		71,540		71,760		71,414

Basic and diluted earnings per common share:⁽¹⁾
Net income (loss) attributable to Safehold Inc. common shareholders - basic	$	0.41	$	0.27	$	1.21	$	1.12
Net income (loss) attributable to Safehold Inc. common shareholders - diluted	$	0.41	$	0.27	$	1.21	$	1.12

(1)	For the nine months ended September 30, 2024, the effect of 10 thousand of the Company’s restricted stock units were antidilutive.