iStar

iStar, Inc. is a real estate investment trust company which engages in the financing, investing, and development of real estate and related projects. It operates through the following segments: Real Estate Finance, Net Lease, Operating Properties, Land and Development, and Corporate and Other. The Real Estate Finance segment includes all of the activities of the company related to senior and mezzanine real estate loans and real estate related securities. The Net Lease segment consists of activities of the company and operations related to the ownership of properties generally leased to single corporate tenants. The Operating Properties segment focuses on the activities and operations related to its commercial and residential properties. The Land and Development segment refers to the developable land portfolio of the company. The Corporate and Other segment represents all the corporate level and unallocated items, joint venture, and strategic investments. The company was founded by Jay Sugarman in 1993 and is headquartered in New York, NY.

Earnings data Q1 2023

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Safehold, Inc. operates as a real estate company. It engages in acquiring, managing and capitalizing ground leases. The company was founded on June 13, 2017 and is headquartered in New York, NY.

iStar Inc

NEW YORK , March 30, 2023 /PRNewswire/ -- iStar Inc. (NYSE:STAR) announced today the final consolidation ratio that will be used in the reverse split of iStar common stock that will occur immediately prior to the effective time of the merger of iStar and Safehold ("Safe").  In the reverse stock split, each share of iStar common stock outstanding will be consolidated into 0.160 shares of iStar common stock (the "Star share consolidation ratio").

iStar Announces Final Consolidation Ratio in Connection with Safehold Merger

N-Able

S&P Global

NEW YORK , March 28, 2023 /PRNewswire/ -- N-able Inc. (NYSE: NABL) will replace iStar Inc. (NYSE: STAR) in the S&P SmallCap 600 effective prior to the opening of trading on Monday, April 3. S&P SmallCap 600 constituent Safehold Inc. (NYSE: SAFE) is acquiring iStar effective prior to the opening of trading on Friday, March 31.

N-able Set to Join S&P SmallCap 600

The iStar and Safehold reverse merger/spinoff is expected to close in the next week. Pricing of the deal terms have been mostly finalized, allowing for interesting merger arbitrage dynamics.

iStar And Safehold, A Perplexing But Intriguing Merger Arbitrage

iStar (STAR) witnessed a jump in share price last session on above-average trading volume.

iStar (STAR) Surges 7.9%: Is This an Indication of Further Gains?

NEW YORK , March 17, 2023 /PRNewswire/ -- iStar Inc. (NYSE: STAR) today announced that its Board of Directors has conditionally declared a pro rata distribution of 0.153 common shares of Star Holdings for each share of iStar common stock outstanding as of March 27, 2023, the record date for the distribution.  The distribution will effectuate the previously-announced spin-off of iStar's legacy assets business.

iStar Announces Details for Anticipated Spin-Off in Connection with the Safehold Merger

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U.S. equity markets tumbled this week after the sudden collapse of a pair of technology-focused banks sparked concerns over financial stability and overshadowed a generally solid slate of employment data. Effectively erasing all of its gains for the year and posting its worst week since September 2022, the S&P 500 dipped 4.5% while the Mid-Cap and Small-Cap benchmarks plunged 7%.

Failure Fallout

NEW YORK , March 9, 2023 /PRNewswire/ -- iStar Inc. ("STAR") (NYSE: STAR) and Safehold Inc. ("SAFE") (NYSE: SAFE) today announced that STAR stockholders and SAFE stockholders have each voted, separately, to approve the proposed merger between STAR and SAFE at their respective special meetings of stockholders held virtually today, March 9, 2023. At the STAR special meeting of stockholders, the STAR stockholders approved the merger and the issuance of STAR common stock in connection with the merger.

iStar Stockholders and Safehold Stockholders Approve Merger

iStar Inc. (NYSE:STAR ) Q4 2022 Results Conference Call February 21, 2023 10:00 AM ET Company Participants Pearse Hoffmann - Senior Vice President of Capital Market and Investor Relations Jay Sugarman - Chairman and Chief Executive Officer Marcos Alvarado - President and Chief Investment Officer Brett Asnas - Chief Financial Officer Conference Call Participants Stephen Laws - Raymond James Jade Rahmani - KBW Operator Good morning. And welcome to iStar's Fourth Quarter and Fiscal Year 2022 Earnings conference call [Operator Instructions].

iStar Inc. (STAR) Q4 2022 Earnings Call Transcript

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Preferred stocks offer safer and higher dividend income. Today, quite a few of them are undervalued.

5 High Yielding Preferred Share Opportunities

Safehold's mega bubble pop is still deflating. Higher for longer is the new interest rate mantra from the Federal Reserve.

Safehold And iStar: If You Liked 2022, You Will Love 2023

NEW YORK , Feb. 21, 2023 /PRNewswire/ -- iStar Inc. (NYSE: STAR) today reported results for the fourth quarter and fiscal year ended December 31, 2022. Highlights from the earnings announcement include: Net income (loss) of ($86.7) million or ($1.00) per diluted common share in Q4 '22, and $397.8 million or $4.92 per diluted common share for FY '22 Adjusted earnings (losses) of ($79.9) million or ($0.92) per diluted common share in Q4 '22, and $522.0 million or $6.25 per diluted common share for FY '22 $150 million of proceeds from asset sales and loan repayments in Q4 '22 and post quarter-end1 $192 million special dividend paid in the form of 6.6 million Safehold shares Safehold closed 26 ground leases totaling $1.4 billion 2 in 2022, bringing its total portfolio to 131 ground leases with an aggregate gross book value of $6.2 billion and estimated Unrealized Capital Appreciation of $10.5 billion "iStar ended the year in a strong position, making significant progress in monetizing legacy assets," said Jay Sugarman, Chairman and Chief Executive Officer.

iStar Reports Fourth Quarter and Fiscal Year 2022 Results

NEW YORK , Feb. 17, 2023 /PRNewswire/ -- iStar Inc. (NYSE: STAR) announced today that the Company's Board of Directors has declared quarterly dividends on the Company's Preferred Stock for the first quarter of 2023. The dividends are all payable on March 15, 2023 to holders of record on March 1, 2023.

iStar Declares Quarterly Preferred Stock Dividends

Livingston, New Jersey--(Newsfile Corp. - February 16, 2023) - Longman Law, P.C. ("Longma Law") and The Grant Law Firm, PLLC ("Grant Firm", with Longman Law, the "Firms") have commenced an investigation into whether the officers and directors of Safehold, Inc. (NYSE: SAFE) breached their fiduciary duties or violated federal securities laws in connection with the company's merger with iStar Inc (NYSE: STAR).

SAFEHOLD STOCK ALERT: Shareholder Attorneys Howard T. Longman and Lynda Grant Investigate Merger of SAFE and Encourage Investors to Contact Them

NEW ORLEANS--( BUSINESS WIRE )--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed merger of iStar Inc. (the “Company”) (NYSE: STAR) with Safehold Inc. (NYSE: SAFE) pursuant to which iStar shareholders will end up owning approximately 37% of the combined company directly. KSF is seeking to determine whether the merger and the process that led to it are adequate, or whether the merger undervalues the Company.

ISTAR INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Merger of iStar Inc. - STAR

NEW YORK , Feb. 2, 2023 /PRNewswire/ -- iStar Inc. (NYSE: STAR) announced today that it will release its financial results for the fourth quarter and fiscal year 2022 on Tuesday, February 21, 2023, prior to the opening of the market. The Company will host an earnings conference call reviewing these results and its operations beginning at 10:00 a.m.

iStar Sets Fourth Quarter and Fiscal Year 2022 Earnings Release Date and Webcast

REITs collapsed in 2022 because of rising interest rates. But as we get inflation under control, rates will likely come back down.

Buy The Dip: 3 REITs Getting Way Too Cheap

iStar is merging with Safehold which provides us with an excellent high yielding opportunity which I wrote about in an earlier article. The merger plan states that iStar preferred stocks will be called providing preferred “G” and “I” investors with an estimated 20% annualized return from now until the estimated call date.

iStar Preferred Stocks: An Estimated 20% Yield To The Merger Close

NEW YORK , Jan. 12, 2023 /PRNewswire/ -- iStar (NYSE: STAR) announced today the tax treatment of its 2022 common and preferred stock dividends. iStar is designating all dividends paid in 2022 as Capital Gain Distributions pursuant to Internal Revenue Code section 857(b)(3)(B).

iStar Announces Tax Treatment of 2022 Dividends

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2022 was a tough year for all of us. REITs dropped particularly heavily.

What I Learned From My Biggest Losers Of 2022

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NEW YORK , Dec. 20, 2022 /PRNewswire/ -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to: iStar Inc. (NYSE: STAR)'s  merger with Safehold Inc. If you are an iStar shareholder, click here to learn more about your rights and options .   Horizon Therapeutics plc (NASDAQ: HZNP)'s  sale to Amgen Inc. for $116.50 in cash per share.

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates STAR, HZNP, COUP, USER

NEW YORK , Dec. 19, 2022 /PRNewswire/ -- iStar Inc. (NYSE: STAR) announced the initial public filing of a Form 10 registration statement (the "Registration Statement") with the U.S. Securities and Exchange Commission ("SEC"). The Registration Statement relates to the planned spin-off of Star Holdings in connection with the previously announced proposed merger between iStar and Safehold Inc.    The Registration Statement, which was filed on December 16, 2022, includes preliminary information regarding the potential spin-off.

iStar Announces Filing of Form 10 Registration Statement for Planned Spin-Off of Star Holdings

NEW YORK , Nov. 29, 2022 /PRNewswire/ -- iStar Inc. (NYSE: STAR) announced today the specific terms for its previously announced special dividend. The company will pay a one-time non-cash dividend of 6.64 million shares of Safehold (NYSE: SAFE), which equates to 0.07655 shares of SAFE for each share of iStar common stock outstanding.

iStar Announces Details for Its Special Dividend

Declares special common stock dividend payable in shares of Safehold common stock Declares regular quarterly cash dividends on preferred stock Suspends regularly quarterly common stock dividends pending completion of the merger with Safehold Inc. NEW YORK , Nov. 21, 2022 /PRNewswire/ -- iStar Inc. (NYSE: STAR) announced several dividend actions recently approved by its Board of Directors. Special Dividend On November 21, 2022, the Company's Board of Directors declared a one-time special dividend payable to the Company's common stockholders of Safehold ("SAFE") common stock valued at approximately $190 million, but subject to a maximum aggregate distribution limit of 7.6 million SAFE shares and a minimum aggregate distribution amount of 5.5 million SAFE shares.

iStar Announces Dividend Actions

iSTAR (STAR) is currently in the process of merging with Safehold (SAFE). As part of the merger plan, iSTAR preferred stocks will be called.

Win/Win For iSTAR Preferred 'G': Potential 22% Return From Now Until Safehold Merger

iStar Inc. (NYSE:STAR ) Q3 2022 Earnings Conference Call November 3, 2022 10:00 AM ET Company Participants Jason Fooks - Senior Vice President of Investor Relations and Marketing Jay Sugarman - Chairman & Chief Executive Officer Marcos Alvarado - President & Chief Investment Officer Brett Asnas - Chief Financial Officer Conference Call Participants Stephen Laws - Raymond James Jade Rahmani - KBW Matthew Howlett - B. Riley Securities Operator Good morning ladies and gentlemen and welcome to iStar's Third Quarter Earnings Call.

News for iStar Stock (STAR)