iStar Financial (NYSE:STAR) is not a stock for beginners or casual investors. Its combination of real estate lending, net leasing, operating properties, and land development makes it a complex hybrid that incorporates aspects of companies like Cheung Kong (OTCPK:CHEUY), Forest City (FCE-A), and Lexington Realty Trust (NYSE:LXP). What's more, it's also a credit recovery and residential housing recovery story as the company continues to clean up legacy non-performing loans and underperforming assets while deploying new capital into projects.
To value iStar, I believe you have to be able to estimate the value of the real estate finance portfolio (loans and mortgages to real estate companies), the value of the net lease portfolio, the value...
|FREE||SA PRO MEMBERS|
|IDEA GENERATOR||X||Exclusive access to 10 PRO ideas every day|
|INVESTING IDEAS LIBRARY||X||Exclusive access to PRO library of more than 15,000 ideas|
|SECTOR EXPERT NETWORK||X||Exclusive access to all sector experts for direct consultation|
|PERFORMANCE TRACKING||X||Track performance of all PRO stock ideas|
|PROFESSIONAL TOOLS||X||Professional Idea Filters to zero-in based on industry, market cap and more|