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Safehold (Safehold) Gross Margin % : 98.61% (As of Dec. 2023)


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What is Safehold Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Safehold's Gross Profit for the three months ended in Dec. 2023 was $101.6 Mil. Safehold's Revenue for the three months ended in Dec. 2023 was $103.0 Mil. Therefore, Safehold's Gross Margin % for the quarter that ended in Dec. 2023 was 98.61%.


The historical rank and industry rank for Safehold's Gross Margin % or its related term are showing as below:

SAFE' s Gross Margin % Range Over the Past 10 Years
Min: 96.04   Med: 98.49   Max: 98.85
Current: 98.68


During the past 9 years, the highest Gross Margin % of Safehold was 98.85%. The lowest was 96.04%. And the median was 98.49%.

SAFE's Gross Margin % is ranked better than
97.16% of 634 companies
in the REITs industry
Industry Median: 68.745 vs SAFE: 98.68

Safehold had a gross margin of 98.61% for the quarter that ended in Dec. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Safehold was 0.40% per year.


Safehold Gross Margin % Historical Data

The historical data trend for Safehold's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Safehold Gross Margin % Chart

Safehold Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Margin %
Get a 7-Day Free Trial Premium Member Only 97.14 98.40 98.58 98.85 98.68

Safehold Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Gross Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 98.86 98.46 98.82 98.83 98.61

Competitive Comparison of Safehold's Gross Margin %

For the REIT - Diversified subindustry, Safehold's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Safehold's Gross Margin % Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Safehold's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Safehold's Gross Margin % falls into.



Safehold Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Safehold's Gross Margin for the fiscal year that ended in Dec. 2023 is calculated as

Gross Margin % (A: Dec. 2023 )=Gross Profit (A: Dec. 2023 ) / Revenue (A: Dec. 2023 )
=347.9 / 352.578
=(Revenue - Cost of Goods Sold) / Revenue
=(352.578 - 4.653) / 352.578
=98.68 %

Safehold's Gross Margin for the quarter that ended in Dec. 2023 is calculated as


Gross Margin % (Q: Dec. 2023 )=Gross Profit (Q: Dec. 2023 ) / Revenue (Q: Dec. 2023 )
=101.6 / 103.027
=(Revenue - Cost of Goods Sold) / Revenue
=(103.027 - 1.434) / 103.027
=98.61 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.


Safehold  (NYSE:SAFE) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Safehold had a gross margin of 98.61% for the quarter that ended in Dec. 2023 => Durable competitive advantage


Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.


Safehold Gross Margin % Related Terms

Thank you for viewing the detailed overview of Safehold's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.


Safehold (Safehold) Business Description

Traded in Other Exchanges
N/A
Address
1114 Avenue of the Americas, 39th Floor, New York, NY, USA, 10036
Safehold Inc is a REIT that operates its business by acquiring, managing and capitalizing ground leases. Ground leases are long-term contracts between the landlord (the Company) and a tenant or leaseholder. Ground leases generally represent ownership of the land underlying commercial real estate projects that is net leased by the fee owner of the land to the owners/operators of the real estate projects built thereon.
Executives
Istar Inc. 10 percent owner 1114 AVENUE OF THE AMERICAS, 39TH FLOOR, NEW YORK NY 10036
Brett Asnas officer: Chief Financial Officer C/O ISTAR, 1114 AVENUE OF THE AMERICAS, FL. 39, NEW YORK NY 10036
Jesse Hom director 168 ROBINSON ROAD, #37-01, CAPITAL TOWER, SINGAPORE U0 068912
Dean S Adler director, 10 percent owner BELGRAVIA 8TH FL, 1811 CHESTNUT ST, PHILADELPHIA PA 19103
Garett Rosenblum officer: Chief Accounting Officer C/O ISTAR, 1114 AVENUE OF THE AMERICAS, FL. 39, NEW YORK NY 10036
Jeremy Fox-geen officer: Chief Financial Officer C/O ISTAR, 1114 AVENUE OF THE AMERICAS, FL 39, NEW YORK NY 10036
Jay Sugarman director, officer: Chairman and CEO 24301 WALDEN CENTER DR, BONITA SPRINGS FL 34134
Marcos Alvarado officer: Chief Investment Officer 591 WEST PUTNAM AVENUE, GREENWICH CT 06830
Jay S Nydick director 1114 AVENUE OF THE AMERICAS, 27TH FLR, NEW YORK NY 10036
Nina Matis officer: Chief Legal Officer & CIO 1114 AVENUE OF THE AMERICAS, 12TH FL, NEW YORK NY 10036
Andrew C Richardson officer: Interim CFO 527 MADISON AVENUE, 16TH FLOOR, NEW YORK NY 10022
Geoffrey G Jervis officer: COO and CFO C/O CAPITAL TRUST, INC., 410 PARK AVENUE, 14TH FLOOR, NEW YORK NY 10022
Stefan M Selig director 2 EAST 70TH STREET, NEW YORK NY 10021
Robin Josephs director
Sfty Venture Llc 10 percent owner C/O GIC REAL ESTATE, INC., 280 PARK AVENUE, 9TH FLOOR, NEW YORK NY 10017

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