SAFE (Safehold) Interest Expense : $-195.2 Mil (TTM As of Sep. 2024)

View and export this data going back to 2017. Start your Free Trial

What is Safehold Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Safehold's interest expense for the three months ended in Sep. 2024 was $ -50.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was $-195.2 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Safehold's Operating Income for the three months ended in Sep. 2024 was $ 66.9 Mil. Safehold's Interest Expense for the three months ended in Sep. 2024 was $ -50.0 Mil. Safehold's Interest Coverage for the quarter that ended in Sep. 2024 was 1.34. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Safehold Interest Expense Historical Data

The historical data trend for Safehold's Interest Expense 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 Interest Expense Chart

Safehold Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

Get a 7-Day Free Trial

-29.87

-64.35

-79.71

-128.97

-181.01

Safehold Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Interest Expense	Get a 7-Day Free Trial															-46.55	-47.53	-48.63	-49.11	-49.96

Safehold Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-195.2 Mil.

Safehold (NYSE:SAFE) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Safehold's Interest Expense for the three months ended in Sep. 2024 was $-50.0 Mil. Its Operating Income for the three months ended in Sep. 2024 was $66.9 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was $4,207.4 Mil.

Safehold's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2024 )	/	Interest Expense (Q: Sep. 2024 )
	=	-1	*	66.946	/	-49.961
	=	1.34

The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Safehold Inc interest coverage is 1.52, which is low.

Safehold Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Safehold Inc (NYSE:SAFE) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

J0W:Germany

Address

1114 Avenue of the Americas, 39th Floor, New York, NY, USA, 10036

Website

https://www.safeholdinc.com

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