Last $14.90 USD
Change Today +0.01 / 0.07%
Volume 421.6K
STAR On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 3:30 PM 08/22/14 All times are local (Market data is delayed by at least 15 minutes).

istar financial inc (STAR) Snapshot

Open
$14.90
Previous Close
$14.89
Day High
$15.04
Day Low
$14.88
52 Week High
02/21/14 - $15.91
52 Week Low
08/27/13 - $10.77
Market Cap
1.3B
Average Volume 10 Days
601.8K
EPS TTM
$-1.03
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 Inc. Declares Preferred Stock Dividends, Payable on September 15, 2014

iStar Financial Inc. announced that the company's Board of Directors has declared dividends on the Preferred Stock. For all six series of Preferred Stock, dividends are payable on September 15, 2014 to holders of record on September 2, 2014. The company declared a dividend of $0.50 per 8.00% Series D Preferred Stock, a dividend of $0.492188 per 7.875% Series E Preferred Stock, a dividend of $0.4875 per 7.80% Series F Preferred Stock, a dividend of $0.478125 per 7.65% Series G Preferred Stock, a dividend of $0.46875 per 7.50% Series I Preferred Stock, and a dividend of $0.5625 per 4.50% Series J Preferred Stock.

iStar Financial Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Announces Impairment of Assets for the Second Quarter Ended June 30, 2014

iStar Financial Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company announced total revenues of $129,843,000 compared to $99,919,000 for the same period a year ago. Loss from continuing operations before income taxes was $20,989,000 compared to $56,510,000 for the same period a year ago. Loss from continuing operations was $20,774,000 compared to $56,939,000 for the same period a year ago. Net loss was $3,594,000 compared to $14,398,000 for the same period a year ago. Net loss attributable to the company was $3,919,000 compared to $14,087,000 for the same period a year ago. Net income allocable to HPU holders and participating security holders was $542,000 compared to $866,000 for the same period a year ago. Net loss allocable to common shareholders was $16,207,000 compared to $26,001,000 for the same period a year ago. Loss per common share attributable to the company from continuing operations, basic and diluted was $0.19 compared to $0.40 for the same period a year ago. Net loss per share attributable to the company on common shares basis, basic and diluted was $0.19 compared to $0.31 for the same period a year ago. Adjusted income per common shares, basic and diluted were $0.34 compared to $0.05 for the same period a year ago. Loss per share attributable to the company from continuing operations for HPU shares, basic and diluted was $36.13 compared to $75.41 for the same period a year ago. Net loss per share attributable to the company for HPU shares, basic and diluted was $36.13 compared to $57.74 for the same period a year ago. Adjusted income allocable to common shareholders was $28,868,000 compared to $4,403,000 for the same period a year ago. For the six months, the company announced total revenues of $238,592,000 compared to $194,021,000 for the same period a year ago. Loss from continuing operations before income taxes was $52,167,000 compared to $114,672,000 for the same period a year ago. Loss from continuing operations was $51,445,000 compared to $119,176,000 for the same period a year ago. Net loss was $17,771,000 compared to $46,651,000 for the same period a year ago. Net loss attributable to the company was $18,550,000 compared to $46,151,000 for the same period a year ago. Net income allocable to HPU holders and participating security holders was $1,431,000 compared to $2,247,000 for the same period a year ago. Net loss allocable to common shareholders was $42,779,000 compared to $67,264,000 for the same period a year ago. Loss per common share attributable to the company from continuing operations, basic and diluted was $0.50 compared to $0.95 for the same period a year ago. Net loss per share attributable to the company on common shares basis, basic and diluted was $0.50 compared to $0.79 for the same period a year ago. Adjusted income per common shares, basic and diluted were $0.27 compared to $0.05 for the same period a year ago. Loss per share attributable to the company from continuing operations for HPU shares, basic and diluted was $95.40 compared to $181.07 for the same period a year ago. Net loss per share attributable to the company for HPU shares, basic and diluted was $95.40 compared to $149.81 for the same period a year ago. Adjusted income allocable to common shareholders was $23,322,000 compared to $4,140,000 for the same period a year ago. The company invested $25 million in land portfolio through capital expenditures. For the second quarter ended June 30, 2014, the company announced impairment of assets of $3,300,000.

iStar Financial Inc. to Report Q2, 2014 Results on Jul 29, 2014

iStar Financial Inc. announced that they will report Q2, 2014 results at 9:00 AM, Eastern Standard Time on Jul 29, 2014

 

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Industry Analysis

STAR

Industry Average

Valuation STAR Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 6.2x
Price/Book 1.1x
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
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