Last $14.51 USD
Change Today -0.08 / -0.55%
Volume 802.8K
STAR On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 07/25/14 All times are local (Market data is delayed by at least 15 minutes).

istar financial inc (STAR) Snapshot

Open
$14.52
Previous Close
$14.59
Day High
$14.66
Day Low
$14.44
52 Week High
02/21/14 - $15.91
52 Week Low
08/20/13 - $10.20
Market Cap
1.2B
Average Volume 10 Days
842.6K
EPS TTM
$-1.38
Shares Outstanding
84.9M
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. Reports $1.3 Billion of Unsecured Senior Notes

iStar Financial announced that it has launched an offering, subject to market and other conditions, of $1.32 billion aggregate principal amount of unsecured Senior Notes due 2017 and 2019. The company reported in a release that it intends to use the net proceeds of the offering, along with available cash on hand, to repay in full all amounts outstanding under, and terminate, its 2013 Secured Credit Facility due 2017.

iStar Financial Inc. Agrees to Sell at Par $550 Million Aggregate Principal Amount of its Unsecured 4.00% Senior Notes Due November 2017 and $770 Million Aggregate Principal Amount of its Unsecured 5.00% Senior Notes Due July 2019

iStar Financial Inc. announced that it has agreed to sell at par $550 million aggregate principal amount of its unsecured 4.00% Senior Notes due November 2017 and $770 million aggregate principal amount of its unsecured 5.00% Senior Notes due July 2019. The company intends to use the net proceeds of the offering, together with cash on hand, to repay in full all amounts outstanding under, and terminate, its 2013 Secured Credit Facility due 2017. The transaction is expected to close on June 13, 2014, subject to customary closing conditions. BofA Merrill Lynch, Barclays and J.P. Morgan are the joint book-running managers for the offering. The notes will be issued pursuant to an effective shelf registration statement that was previously filed with the Securities and Exchange Commission.

iStar Financial Inc. Declares Preferred Stock Dividends on Series D, Series E, Series F, Series G, Series I and Series J, Payable on June 16, 2014

iStar Financial Inc. announced that the company's board of directors has declared dividends on the 8.00% Series D preferred stock of $25.00, $0.50 per share, 7.875% Series E Preferred Stock of $25.00, $0.492188 per share, 7.80% Series F Preferred Stock of $25.00, $0.4875 per share, 7.65% Series G Preferred Stock of $25.00, $0.478125 per share, 7.50% Series I Preferred Stock of $25.00, $0.46875 per share, and 4.50% Series J Preferred Stock of $50.00, $0.5625 per share.

 

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STAR Competitors

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Company Last Change
American Capital Mortgage Investment Corp $19.92 USD +0.03
Blackstone Mortgage Trust Inc $28.49 USD -0.08
Capstead Mortgage Corp $13.13 USD +0.02
New York Mortgage Trust Inc $7.69 USD +0.04
Redwood Trust Inc $19.20 USD -0.08
View Industry Companies
 

Industry Analysis

STAR

Industry Average

Valuation STAR Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 8.0x
Price/Book 1.0x
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
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