Last $13.25 USD
Change Today +0.01 / 0.08%
Volume 511.8K
STAR On Other Exchanges
Symbol
Exchange
Berlin
As of 8:04 PM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

istar financial inc (STAR) Snapshot

Open
$13.26
Previous Close
$13.24
Day High
$13.30
Day Low
$13.12
52 Week High
03/4/14 - $15.80
52 Week Low
10/13/14 - $12.30
Market Cap
1.1B
Average Volume 10 Days
413.7K
EPS TTM
$0.02
Shares Outstanding
85.2M
EX-Date
04/20/09
P/E TM
737.0x
Dividend
--
Dividend Yield
--
Current Stock Chart for ISTAR FINANCIAL INC (STAR)

istar financial inc (STAR) Related Businessweek News

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istar financial inc (STAR) Details

iStar Financial Inc. operates as a finance and investment company focusing on the commercial real estate industry in the United States. The company provides custom-tailored investment capital to high-end private and corporate owners of real estate; and invests in a range of real estate sectors. It operates in four reportable segments: Real Estate Finance, Net Lease, Operating Properties, and Land. The Real Estate Finance segment offers senior and mezzanine real estate loans; preferred equity investments, as well as senior and subordinated loans to corporations; and whole loans and loan participations. The Net Lease segment owns and leases corporate facilities to single creditworthy tenants. As of December 31, 2013, this segment owned 263 facilities comprising 20.4 million square feet in 33 states. The Operating Properties segment operates commercial properties consisting of office, retail, hotel, and other properties; and residential properties, including luxury condominium projects. This segment operated 28 commercial properties comprising 5.5 million square feet in 10 states; and 12 residential projects representing approximately 616 units located in principal cities in the United States. The land segment owns 27 properties, including 11 master planned community projects, 10 infill land parcels, and 6 waterfront land parcels. The company qualifies as a real estate investment trust (REIT) for federal income tax purposes. As a REIT, it generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. iStar Financial Inc. was founded in 1993 and is headquartered in New York, New York.

Founded in 1993

istar financial inc (STAR) Top Compensated Officers

Chairman, Chief Executive Officer and Member ...
Total Annual Compensation: $1.0M
Chief Financial Officer
Total Annual Compensation: $1.2M
Executive Vice President and President of iSt...
Total Annual Compensation: $1.1M
Chief Investment Officer, Chief Legal Officer...
Total Annual Compensation: $3.0M
Head of Capital Markets and Executive Vice Pr...
Total Annual Compensation: $1.6M
Compensation as of Fiscal Year 2013.

istar financial inc (STAR) Key Developments

iStar Financial Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Reports Impairment of Assets for the Fourth Quarter December 31, 2014

iStar Financial Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, total revenues were $109,950,000 against $101,073,000 a year ago. Loss from continuing operations before income taxes was $41,498,000 against $60,788,000 a year ago. Loss from continuing operations was $46,029,000 against $59,505,000 a year ago. Net loss attributable to company was $16,480,000 against $47,043,000 a year ago. Loss per basic and diluted share from continuing operations was $0.33 against $0.67 a year ago. Adjusted income allocable to common shareholders was $13,243,000 against adjusted loss of $19,058,000 a year ago. Adjusted diluted income was $0.14 against adjusted diluted loss of $0.23 per share a year ago. There were several factors that contributed to this improvement, including an increase of $14 million of income from sales of real estate and $6 million of additional revenues from other income. The company’s net income loss allocable to common shareholders for the quarter was $28,367,000 or $0.33 per basic and diluted common share compared to a net income loss allocable to common shareholders of $57,934,000 or $0.68 per basic and diluted common for the same period last year. In addition to the explanations provided for the year-over-year improvement, earnings benefited from a $5 million smaller loss on early extinguishment of debt related to the redemptions of bonds, the company refinanced in the prior period, offset by an additional $4 million of asset related provisions. For the year, the company’s total revenues were $462,028,000 against $390,790,000 a year ago. Loss from continuing operations before income taxes was $85,862,000 against $221,427,000 a year ago. Loss from continuing operations was $89,774,000 against $220,768,000 a year ago. Net profit attributable to the company was $873,000 against net loss of $111,951,000 a year ago. Net loss allocable to common shareholders was $48,817,000 against $155,769,000 a year ago. Adjusted income allocable to common shareholders was $94,295,000 against adjusted loss of $21,677,000 a year ago. The $116 million improvement was driven by several factors. New investments in the company’s real estate finance portfolio and favorable NPL and operating property resolutions led to an increase in revenues year-over-year. Loss per basic and diluted share from continuing operations was $0.57 against $2.09 a year ago. Net loss per basic and diluted share was $0.57 against $1.83 per share a year ago. Adjusted diluted income was $0.88 against adjusted diluted income of $0.26 per share a year ago. Net book debt was $3,550,623,000 as at December 31, 2014. For the fourth quarter, the company recorded $12,893,000 impairment on the initial phase of one of its land projects due to a change in business strategy which should create value for the project's remaining phases, compared with $6,328,000 recorded a year ago.

iStar Financial Inc. Declares Preferred Stock Dividends, Payable on March 16, 2015

iStar Financial Inc. announced that its board of directors has declared dividends on the company's Series D, Series E, Series F, Series G, Series I and Series J Preferred Stock. 8.00% Series D Preferred Stock with liquidation preference of $25.00 and dividend per share of $0.50, 7.875% Series E Preferred Stock with liquidation preference of $25.00 and dividend per share of $0.492188, 7.80% Series F Preferred Stock with liquidation preference of $25.00 and dividend per share of $0.4875, 7.65% Series G Preferred Stock with liquidation preference of $25.00 and dividend per share of $0.478125, 7.50% Series I Preferred Stock with liquidation preference of $25.00 and dividend per share of $0.46875 and 4.50% Series J Preferred Stock with liquidation preference of $50.00 and dividend per share of $0.5625. For all six series of Preferred Stock, dividends are payable on March 16, 2015 to holders of record on March 2, 2015.

iStar Financial Inc. to Report Q4, 2014 Results on Feb 19, 2015

iStar Financial Inc. announced that they will report Q4, 2014 results at 10:00 AM, US Eastern Standard Time on Feb 19, 2015

 

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STAR Competitors

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Company Last Change
AG Mortgage Investment Trust Inc $18.81 USD -0.09
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RAIT Financial Trust $7.37 USD -0.01
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Industry Analysis

STAR

Industry Average

Valuation STAR Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 9.0x
Price/Book 1.8x
Price/Cash Flow 1.4x
TEV/Sales NM Not Meaningful
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