Safehold inc. (SAFE)
CashFlow / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Apr'17
Cash flows from operating activities:
Net income

39,987

33,728

26,922

23,510

19,330

11,936

0

0

0

-

-

-

0

Adjustments to reconcile net income to cash flows from operating activities:
Depreciation and amortization

9,384

9,379

9,338

9,283

9,215

9,142

0

0

0

-

-

-

-

Stock-based compensation expense

1,629

1,582

1,545

1,426

972

873

0

0

0

-

-

-

-

Deferred operating lease income

35,144

35,165

0

0

0

-

-

-

-

-

-

-

-

Non-cash interest income from sales-type leases

0

-

-

-

0

-

-

-

-

-

-

-

-

Deferred operating lease income

-

-

-

-

-

-

-

-

0

-

-

-

-

Non-cash interest income from sales-type leases

-

-

-

-

-

-

-

-

0

-

-

-

-

Amortization of real estate-related intangibles, net

2,568

2,509

2,652

2,717

2,657

2,518

0

0

0

-

-

-

-

Loss on early extinguishment of debt

-

-

-

-

-

-

0

-

-

-

-

-

-

Earnings from equity method investments

0

-

-

-

0

-

0

-

-

-

-

-

-

Distributions from operations of equity method investments

0

-

-

-

0

-

-

-

-

-

-

-

-

Amortization of premium, discount and deferred financing costs on debt obligations, net

2,266

2,257

2,142

1,986

1,783

1,612

0

0

0

-

-

-

-

Non-cash management fees

0

-

-

-

0

-

-

-

-

-

-

-

-

Other operating activities

1,876

1,586

1,084

-1,156

-234

789

0

0

0

-

-

-

-

Changes in assets and liabilities:
Changes in deferred expenses and other assets, net

-518

-301

-578

-866

3,678

1,163

0

0

0

-

-

-

-

Changes in accounts payable, accrued expenses and other liabilities

-11,837

-21,468

-18,853

-7,789

-4,410

3,219

0

0

0

-

-

-

-

Cash flows provided by (used in) operating activities

8,737

-1,963

-1,834

3,550

5,308

13,528

0

0

0

-

-

-

-

Cash flows from investing activities:
Acquisitions of real estate

25,577

28,816

206,630

260,262

300,280

385,897

0

0

0

-

-

-

-

Origination/acquisition of net investment in sales-type leases and Ground Lease receivables

0

-

-

-

0

-

-

-

-

-

-

-

-

Fundings on Ground Lease receivables

0

-

-

-

0

-

-

-

-

-

-

-

-

Deposits on Ground Lease investments

0

-

0

0

0

-

0

0

0

-

-

-

-

Other investing activities

-1,064

-693

2,992

-1,390

-1,022

-1,392

0

0

0

-

-

-

-

Cash flows used in investing activities

-1,461,557

-1,520,775

-779,331

-405,947

-415,490

-384,505

0

0

0

-

-

-

-

Cash flows from financing activities:
Proceeds from issuance of common stock

0

-

-

-

0

-

-

-

-

-

-

-

-

Proceeds from debt obligations

1,435,539

1,183,739

684,342

530,978

364,353

312,353

0

0

0

-

-

-

-

Repayments of debt obligations

312,000

351,500

372,000

301,000

244,000

74,500

0

0

0

-

-

-

-

Payments for deferred financing costs

22,833

18,468

3,792

3,601

2,635

2,289

0

0

0

-

-

-

-

Dividends paid to common shareholders

21,333

16,622

13,049

10,959

10,940

10,927

0

0

0

-

-

-

-

Payment of offering costs

10,544

9,778

5,430

1,569

1,569

808

0

0

0

-

-

-

-

Distributions to noncontrolling interests

1,917

2,945

2,953

2,948

1,086

47

0

0

0

-

-

-

-

Contributions from noncontrolling interests (refer to Note 11)

0

250,000

250,000

250,000

250,000

1,750

0

0

0

-

-

-

-

Other financing activities

553

127

0

0

0

-

-

-

-

-

-

-

-

Cash flows provided by financing activities

1,728,093

1,545,095

797,948

459,114

350,523

225,532

0

0

0

-

-

-

-

Changes in cash, cash equivalents and restricted cash

0

-

0

0

0

-

0

0

0

-

-

-

-

Supplemental disclosure of cash flow information:
Supplemental disclosure of non-cash investing and financing activity:
Origination of sales-type leases

0

10,194

10,194

10,194

10,194

0

0

0

0

-

-

-

-

Assumption of debt obligations

0

10,194

0

0

0

-

0

0

0

-

-

-

-

Contribution from iStar Inc.

-

-

-

-

-

2,581

0

0

0

-

-

-

-

Dividends declared to common shareholders

12,691

7,478

6,328

4,840

2,765

2,741

0

0

0

-

-

-

-

Distribution declared to noncontrolling interest

0

-

-

0

0

-

-

0

0

-

-

-

-

Accrued finance costs

716

658

613

634

346

217

0

0

0

-

-

-

-

Dividends

-

-

-

-

-

-

-

-

0

-

-

-

-

Offering costs

-53

-250

0

0

0

-

-

-

-

-

-

-

-

The Company
Net income (loss)

-

-

-

-

-

-

-

-

-

0

0

0

-

Predecessor
Net income (loss)

-

-

-

-

-

-

-

-

-

-

-

-

0

Depreciation, Depletion and Amortization, Nonproduction

-

-

-

-

-

-

-

-

-

-

-

-

0

Non-cash stock-based compensation expense

-

-

-

-

-

-

-

-

-

-

-

-

0

Deferred ground and other lease income

-

-

-

-

-

-

-

-

-

-

-

-

0

Income from sales of real estate

-

-

-

-

-

-

-

-

-

-

-

-

0

Amortization of above and below Market Leases

-

-

-

-

-

-

-

-

-

-

-

-

0

Amortization of premium, discount and deferred financing costs on debt obligations, net

-

-

-

-

-

-

-

-

-

-

-

-

0

Management fees and non-cash expense reimbursements to the Manager

-

-

-

-

-

-

-

-

-

-

-

-

0

Other operating activities

-

-

-

-

-

-

-

-

-

-

-

-

0

Changes in ground and other lease income receivable, net

-

-

-

-

-

-

-

-

-

-

-

-

0

Changes in deferred expenses and other assets, net

-

-

-

-

-

-

-

-

-

-

-

-

0

Changes in accounts payable, accrued expenses and other liabilities

-

-

-

-

-

-

-

-

-

-

-

-

0

Cash flows provided by operating activities

-

-

-

-

-

-

-

-

-

-

-

-

0

Acquisitions of real estate

-

-

-

-

-

-

-

-

-

-

-

-

0

Proceeds from sales of real estate

-

-

-

-

-

-

-

-

-

-

-

-

0

Other investing activities

-

-

-

-

-

-

-

-

-

-

-

-

0

Cash flows used in investing activities

-

-

-

-

-

-

-

-

-

-

-

-

0

Contributions from noncontrolling interest

-

-

-

-

-

-

-

-

-

-

-

-

0

Contribution from iStar Inc.

-

-

-

-

-

-

-

-

-

-

-

-

0

Proceeds from issuance of common stock

-

-

-

-

-

-

-

-

-

-

-

-

0

Proceeds from debt obligations

-

-

-

-

-

-

-

-

-

-

-

-

0

Repayments of debt obligations

-

-

-

-

-

-

-

-

-

-

-

-

0

Payments for deferred financing costs

-

-

-

-

-

-

-

-

-

-

-

-

0

Dividends paid to common shareholders

-

-

-

-

-

-

-

-

-

-

-

-

0

Payment of offering costs

-

-

-

-

-

-

-

-

-

-

-

-

0

Net transactions with iStar Inc.

-

-

-

-

-

-

-

-

-

-

-

-

0

Distributions to noncontrolling interest

-

-

-

-

-

-

-

-

-

-

-

-

0

Cash flows provided by (used in) financing activities

-

-

-

-

-

-

-

-

-

-

-

-

0

Changes in cash, cash equivalents and restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

0

Cash paid for interest

-

-

-

-

-

-

-

-

-

-

-

-

0

Assumption of debt obligations

-

-

-

-

-

-

-

-

-

-

-

-

0

Contribution from iStar Inc.

-

-

-

-

-

-

-

-

-

-

-

-

0

Accrued finance costs

-

-

-

-

-

-

-

-

-

-

-

-

0

Dividends declared to common shareholders

-

-

-

-

-

-

-

-

-

-

-

-

0

Accrued offering costs

-

-

-

-

-

-

-

-

-

-

-

-

0