Earnings Per Share

12 Months Ended

Dec. 31, 2022

Note 12—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 ($ in thousands, except for per share data):


	For the Years Ended December 31,
	2022		2021		2020
Net income	$	144,684	$	73,357	$	59,488
Net income attributable to noncontrolling interests		(9,261)		(234)		(194)
Net income attributable to Safehold Inc. common shareholders for basic and diluted earnings per common share	$	135,423	$	73,123	$	59,294



	For the Years Ended December 31,
	2022		2021		2020
Earnings attributable to common shares:
Numerator for basic and diluted earnings per share:
Net income attributable to Safehold Inc. common shareholders - basic	$	135,423	$	73,123	$	59,294
Net income attributable to Safehold Inc. common shareholders - diluted	$	135,423	$	73,123	$	59,294

Denominator for basic and diluted earnings per share:
Weighted average common shares outstanding for basic earnings per common share		61,170		54,167		50,688
Add: Effect of assumed shares under treasury stock method for restricted stock units		—		13		9
Weighted average common shares outstanding for diluted earnings per common share⁽¹⁾		61,170		54,180		50,697

Basic and diluted earnings per common share:
Net income attributable to Safehold Inc. common shareholders - basic	$	2.21	$	1.35	$	1.17
Net income attributable to Safehold Inc. common shareholders - diluted	$	2.21	$	1.35	$	1.17

Safehold Inc. 10-K