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Safehold vs LTC Properties: SAFE and LTC compared
Safehold is the larger company: $119M of revenue in its latest quarter (Q3 2026) against $115M for LTC Properties (Q3 2026). LTC Properties is growing faster (+66% against +23% a year earlier). LTC Properties is more profitable, with an operating margin of 54.2% against 24.7%.
Where the money goes: SAFE and LTC
Safehold (SAFE) · Q3 2026
Safehold, Q3 2026: revenue $119M (+23% year over year), operating margin 24.7%, net earnings $28.8M, operating cash flow $5.5M. The chart follows the revenue to costs, profit and cash.
LTC Properties (LTC) · Q3 2026
LTC Properties, Q3 2026: revenue $115M (+66% year over year), operating margin 54.2%, net earnings $348M, operating cash flow $41.3M. The chart follows the revenue to costs, profit and cash.
| Safehold (SAFE) | LTC Properties (LTC) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $119M | $115M |
| Revenue growth, Y/Y | +23% | +66% |
| Operating margin | 24.7% | 54.2% |
| Net earnings | $28.8M | $348M |
| Net margin | 24.3% | 302.1% |
| Operating cash flow | $5.5M | $41.3M |
| Free cash flow | — | $36.6M |
Where the revenue comes from
Safehold
- Ground Leases: $101M (85%)
- Hotel Operations: $18.0M (15%)
Questions
Which is bigger, Safehold or LTC Properties?
Safehold is the larger company: $119M of revenue in its latest quarter (Q3 2026) against $115M for LTC Properties (Q3 2026).
Is Safehold or LTC Properties growing faster?
LTC Properties is growing faster (+66% against +23% a year earlier).
Which is more profitable, Safehold or LTC Properties?
LTC Properties is more profitable, with an operating margin of 54.2% against 24.7%.
More: Safehold earnings · how Safehold makes money · LTC Properties earnings · how LTC Properties makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 4, 2026; 10-Q filed Nov 3, 2026). Fiscal quarters can end on different dates. Not investment advice.