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.

NEW YORK , May 3, 2022 /PRNewswire/ -- iStar Inc. (NYSE: STAR) today reported results for the first quarter ended March 31, 2022. Highlights for the quarter include: Net income of $610.9 million or $8.85 per diluted common share Adjusted earnings of $607.5 million or $7.79 per diluted common share iStar closed previously announced sale of a portfolio of net lease assets for a gross purchase price of $3.07 billion resulting in approximately $585 million net positive impact to common equity Safehold closed $677 million 1 of new originations, bringing Safehold's total aggregate portfolio to $5.5 billion $1.2 billion consolidated secured debt repaid within the quarter "We made significant progress on our three part strategic plan during the first quarter, simplifying our business with the closing of our Net Lease portfolio, continuing to help scale Safehold and ground lease-adjacent businesses, and strengthening the balance sheet with the extinguishment of over $1 billion of secured debt," said Jay Sugarman, Chairman and Chief Executive Officer.

iStar Reports First Quarter 2022 Results

iStar Inc

NEW YORK , April 13, 2022 /PRNewswire/ -- iStar Inc. (NYSE: STAR) announced today that it will release its financial results for the first quarter 2022 on Tuesday, May 3, 2022, 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 First Quarter 2022 Earnings Release Date and Webcast

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NEW YORK , April 8, 2022 /PRNewswire/ -- iStar Inc. (NYSE: STAR) announced today that the Company entered into privately negotiated exchange agreements with certain holders of its 3.125% Convertible Senior Notes due 2022 to exchange $194 million aggregate principal amount of the convertible notes for an aggregate of 13.75 million newly issued shares of its common stock and $14 million of cash.  After the closing of these exchanges, $93 million aggregate principal amount of the convertible notes will remain outstanding.

iStar Announces Exchanges with Holders of $194 million of Convertible Notes

In line with the business simplification efforts, iStar (STAR) completes the sale of its 18.3-million-sq-ft portfolio of net lease assets for $3.07 billion.

iStar (STAR) Completes $3B Net Lease Asset Portfolio Sale

NEW YORK , March 22, 2022 /PRNewswire/ -- iStar Inc. (NYSE: STAR) announced today that it has completed the previously announced sale of a portfolio of owned and managed net lease assets to an affiliate of Carlyle's Global Credit platform for a gross purchase price of $3.07 billion. The portfolio consists of 18.3 million square feet of institutional quality office, entertainment, and industrial properties located throughout the country.

iStar Closes Previously Announced Sale of Net Lease Asset Portfolio

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iStar Inc. (STAR) CEO Jay Sugarman on Q4 2021 Results - Earnings Call Transcript

iStar (STAR) delivered earnings and revenue surprises of 307.14% and 49.87%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

IStar Financial (STAR) Q4 Earnings Top Estimates

NEW YORK, Feb. 24, 2022 /PRNewswire/ -- iStar Inc. (NYSE: STAR) today reported results for the fourth quarter and fiscal year ended December 31, 2021. Highlights from the earnings announcement include: Net income of $7.1 million, or $0.11 per diluted common share, in Q4 '21 and $109.0 million, or $1.51 per diluted common share, for FY '21 Adjusted earnings of $68.9 million, or $0.87 per diluted common share, in Q4 '21 and $244.9 million, or $3.12 per diluted common share, for FY '21 $140 million of proceeds from legacy and strategic asset sales in Q4 '21, generating $34 million of gains $43 million of additional investment in SAFE in Q4 '21 and $33 million of other ground lease ecosystem investments $31 million of STAR share repurchases in Q4 '21, total 1.2 million shares Subsequent to the end of the quarter, iStar signed a definitive agreement to sell a portfolio of net lease assets for a gross purchase price of $3.07 billion "iStar ended the year strong, making significant progress by further simplifying the portfolio, and continuing to scale our investments in the modern ground lease ecosystem," said Jay Sugarman, Chairman and Chief Executive Officer.

iStar Reports Fourth Quarter and Fiscal Year 2021 Results

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IStar (STAR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate iStar Financial (STAR) to Report a Decline in Earnings: What to Look Out for

NEW YORK, Feb. 11, 2022 /PRNewswire/ -- iStar Inc. (NYSE: STAR) announced today that it will release its financial results for the fourth quarter and fiscal year 2021 on Thursday, February 24, 2022, 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 2021 Earnings Release Date and Webcast

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iStar (STAR) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

iStar (STAR) Upgraded to Strong Buy: What Does It Mean for the Stock?

iStar just announced a major transaction that materially increases its fair value.

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NEW YORK, Feb. 7, 2022 /PRNewswire/ -- iStar Inc. (NYSE: STAR) announced the promotion of Theresa Ulyatt to Chief People Officer, reporting to President and Chief Investment Officer Marcos Alvarado. In her newly created position, she will lead talent acquisition and management, performance management, employee engagement, diversity, equity and inclusion, as well all traditional human resources functions.

iStar Names Theresa Ulyatt as Chief People Officer

NEW YORK, Feb. 7, 2022 /PRNewswire/ -- iStar Inc. (NYSE: STAR) announced today that it has promoted Brett Asnas to the role of Chief Financial Officer at both iStar and Safehold (NYSE: SAFE). Mr. Asnas has been with the Company for over 12 years, most recently in the role of Executive Vice President and Head of Capital Markets.

iStar Names Brett Asnas as Chief Financial Officer

iStar (STAR) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

iStar (STAR) Surges 12.9%: Is This an Indication of Further Gains?

New York-based real estate investment trust company iStar Inc. STAR, +2.89% said Wednesday it agreed to sell a portfolio of its owned and managed net lease assets for a gross purchase price of $3.07 billion to a unit of private equity firm Carlyle Group Inc. CG, +3.23% . Shares of iStar jumped 14% in premarket trades.

iStar shares advance on sale of lease assets to Carlyle Group

NEW YORK, Feb. 2, 2022 /PRNewswire/ -- iStar Inc. (NYSE: STAR) announced today that it has signed a definitive agreement to sell a portfolio of its owned and managed net lease assets for a gross purchase price of $3.07 billion. The portfolio consists of 18.3 million square feet of institutional quality office, entertainment, and industrial properties located throughout the country.

iStar Signs Definitive Agreement to Sell Net Lease Asset Portfolio for $3.07 Billion

The management has had an impeccable dividend history since 2018 combined with impressive growth but with a disappointing yield of just 2.27%.

iStar: Why I Am Not Buying Just Yet

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The mean of analysts' price targets for iStar (STAR) points to a 42.7% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

News for iStar Stock (STAR)