Last $13.41 USD
Change Today +0.19 / 1.44%
Volume 161.4K
STAR On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 12/26/14 All times are local (Market data is delayed by at least 15 minutes).

istar financial inc (STAR) Snapshot

Open
$13.27
Previous Close
$13.22
Day High
$13.48
Day Low
$13.19
52 Week High
02/21/14 - $15.91
52 Week Low
10/13/14 - $12.30
Market Cap
1.1B
Average Volume 10 Days
563.6K
EPS TTM
$-0.35
Shares Outstanding
85.2M
EX-Date
04/20/09
P/E TM
--
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.

175 Employees
Last Reported Date: 03/3/14
Founded in 1993

istar financial inc (STAR) Top Compensated Officers

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

istar financial inc (STAR) Key Developments

iStar Financial Declares Preferred Stock Dividends Payable on December 15, 2014

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 December 15, 2014 to holders of record on December 1, 2014.

iStar Reportedly Puts One Detroit Center On The Block

iStar Financial Inc. (NYSE:STAR) has put One Detroit Center on the market, Crain's Detroit Business reports.

iStar Financial Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Announces Impairment of Assets for the Third Quarter Ended September 30, 2014

iStar Financial Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company’s total revenues were $113,486,000 against $95,696,000 a year ago. Income from continuing operations before income taxes was $7,803,000 against loss from continuing operations before income taxes of $45,965,000 a year ago. Profit from continuing operations was $7,700,000 against loss from continuing operations of $42,086,000 a year ago. Net profit attributable to the company was $35,903,000 against net loss attributable to the company of $18,757,000 a year ago. Net profit allocable to common shareholders was $22,327,000 against net loss allocable to common shareholders of $30,571,000 a year ago. Adjusted income allocable to common shareholders was $57,731,000 against adjusted loss allocable to common shareholders of $7,313,000 a year ago. Profit per diluted share from continuing operations was $0.21 against loss per basic and diluted share from continuing operations $0.46, a year ago. Net loss per share attributable to the company was $0.21 per diluted share against $0.36 per diluted share a year ago. Adjusted income was $0.48 per diluted share against adjusted loss of $0.09 per share a year ago. Net book debt was $3,394,228,000 as at September 30, 2014. The revenues were increased by $18 million, primarily due to the investments made over the past year and positive results from legacy portfolio. At the same time, reducing company’s overall indebtedness and cost of capital has decreased interest expense by $8 million over the past year. For the nine months, the company’s total revenues were $352,078,000 against $289,716,000 a year ago. Loss from continuing operations before income taxes was $44,364,000 against $160,455,000 a year ago. Loss from continuing operations was $43,745,000 against $161,265,000 a year ago. Net loss attributable to the company was $17,353,000 against $64,912,000 a year ago. Net loss allocable to common shareholders was $20,454,000 against $97,839,000 a year ago. Adjusted income allocable to common shareholders was $81,054,000 against adjusted loss allocable to common shareholders of $3,294,000 a year ago. Loss per basic and diluted share attributable to the company from continuing operations was $0.24 against $1.43 a year ago. Net loss per basic and diluted share attributable to the company was $0.24 against $1.15 per share a year ago. Adjusted income was $0.74 per diluted share against adjusted loss of $0.04 per share a year ago. For the third quarter, the company announced impairment of assets of $15,462,000 against $6,261,000, for the same period a year ago.

 

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STAR Competitors

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Industry Analysis

STAR

Industry Average

Valuation STAR Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 5.2x
Price/Book 0.9x
Price/Cash Flow 26.5x
TEV/Sales NM Not Meaningful
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