iStar Inc. (STAR) - NYSE
  • Tue, May 3, 8:53 AM
    • Q1 adjusted income of $3.1M or $0.04 per share vs. $85M and $0.10 one year ago.
    • 5.8M shares repurchased during quarter at average price of $9.94 each (last night's close was $9.83).
    • $147.8M of new investments alongside $131.8M of repayments and sales during quarter. Company had $591.2M of unrestricted cash at end of March, of which $265M was used since to repay notes maturing in July.
    • Real Estate Finance: NPLs have a carrying value of $68.3M as of quarter-end. Provision of $1.5M taken during quarter. Loan loss reserves of $109.7M.
    • Conference call at 10 ET
    • Previously: iStar reports Q1 results (May 3)
    • STAR flat premarket
    | Tue, May 3, 8:53 AM
  • Tue, May 3, 7:26 AM
    | Tue, May 3, 7:26 AM
  • Thu, Feb. 25, 11:57 AM
    • The company last week preannounced Q4 adjusted net income of $0.32-$0.36, and today reports the final result as right in the middle of that range.
    • 9.2M shares repurchased since the start of Q4 and up to yesterday. 12.5M shares bought back in 2015, or 14.2% of the float. Average price of buybacks was $10.59 each. Current stock price is $9.13. A new $50M program was authorized last week.
    • The carrying value of the NPL loan portfolio is down to $60.3M from $82.6M a quarter earlier. A $5.6M loan provision was booked in Q4, and reserves stand at $108.2M.
    • The net lease portfolio totals 18M square feet, with occupancy of 96.4% and average remaining lease term of 14.9 years. It generated an unlevered yield of 8.4% for Q4.
    • Previously: iStar reports Q4 results (Feb. 25)
    • STAR +3% on the session, and up nearly 10% since last week's preannouncement.
    | Thu, Feb. 25, 11:57 AM | 1 Comment
  • Thu, Feb. 25, 7:17 AM
    | Thu, Feb. 25, 7:17 AM
  • Tue, Feb. 16, 7:52 AM
    • The company expects Q4 adjusted net income per share of $0.32-$0.36 vs. consensus of $0.28. Full results are due on Feb. 25.
    • In addition, iStar has quickly exhausted the $50M buyback program approved in late December, and now launches a new $50M effort. It has about $660M of unrestricted cash in the bank.
    • Source: Press Release
    • STAR is lower by nearly 50% from a high hit early last summer.
    | Tue, Feb. 16, 7:52 AM | 1 Comment
  • Nov. 3, 2015, 7:56 AM
    • iStar (NYSE:STAR): Q3 EPS of $0.25
    • Revenue of $120.5M (+6.2% Y/Y)
    | Nov. 3, 2015, 7:56 AM
  • Aug. 4, 2015, 7:50 AM
    • iStar Financial (NYSE:STAR): Q2 EPS of $0.11
    • Revenue of $109.19M (-15.9% Y/Y)
    | Aug. 4, 2015, 7:50 AM
  • Apr. 29, 2015, 8:20 AM
    • Q1 adjusted income of $8.5M or $0.10 per share vs. a loss of $5.5M or $0.07 one year ago.
    • New investments of $274M ($200M was the target), of which $163.2M were funded. Another $61.5M was funded for ongoing developments and prior commitments, resulting in total funds of $224.7M. $207.4M of proceeds from repayments and sales.
    • Real estate finance portfolio of $1.58B, includes $1.51B of performing loans. NPLs have a carrying value of $64.8M. Loan loss reserves of $102.8M.
    • Net lease portfolio of $1.68B generated an unleveraged yield of 7.3% during the quarter.
    • Operating properties portfolio of $731.7M.
    • Conference call at 10 ET
    • Previously: iStar Financial reports Q1 results (April 29)
    • STAR flat premarket
    | Apr. 29, 2015, 8:20 AM
  • Apr. 29, 2015, 7:39 AM
    • iStar Financial (NYSE:STAR): Q1 EPS of $0.10
    • Revenue of $112.85M (+3.8% Y/Y)
    | Apr. 29, 2015, 7:39 AM
  • Feb. 19, 2015, 8:11 AM
    • Q4 adjusted income of $13.2M or $0.14 per share vs. a loss of $19.1M or $0.23 per share one year ago.
    • New investment commitments of $456.4M during quarter, bringing the year's total to $1.3B.
    • Real Estate Finance portfolio of $1.41B, with $1.35B of performing loans generating a yield of 9.8% for the quarter. NPLs had a carrying value of $65M, down from $203.6M at the start of the year.
    • Net Lease portfolio of $1.68B, totals 19M square feet across 33 states.
    • Operating Properties portfolio of $900.4M. Commercial Operating portfolio of $109.4M generated a yield of 7.8% for the Q. Residential Operating portfolio of 332 condo units. Land portfolio totaled $1.08B.
    • Conference call at 10 ET
    • Previously: iStar Financial reports Q4 results (Feb. 19)
    • STAR flat premarket
    | Feb. 19, 2015, 8:11 AM
  • Feb. 19, 2015, 7:11 AM
    • iStar Financial (NYSE:STAR): Q4 EPS of $0.14
    • Revenue of $109.95M (+8.8% Y/Y)
    | Feb. 19, 2015, 7:11 AM
  • Oct. 28, 2014, 11:48 AM
    • Q3 adjusted income of $57.7M or $0.48 per share vs. a loss of $7.3M or $0.09 one year ago.
    • Investment activity: Funded a total of $205.6M of investments. Generated $512.7M from repayments and sales. Generated $27.8M of gains from sales. $652.8M in cash available at quarter's end.
    • Real estate finance portfolio of $1.22B includes $1.13B of performing loans. NPLs have a carrying value of $93.2M, flat from Q2. Loan loss reversal of $700K during Q vs. $9.8M one year ago. Loan loss reserves of $119.9M, or 10.6% of total value of loans.
    • Net lease portfolio of $1.7B includes 19M square feet over 33 states. Occupancy of 94.1% at quarter's end. Total portfolio generated unlevered yield of 7.8% for the Q.
    • Company repaid $9.7M on its 2012 credit facility during quarter, bringing balance to $382.2M. Weighted average cost of debt of 5.5% flat from Q2, down 20 bps from a year ago.
    • Previously: iStar Financial EPS of $0.48
    • STAR +3.6%
    | Oct. 28, 2014, 11:48 AM
  • Oct. 28, 2014, 7:12 AM
    • iStar Financial (NYSE:STAR): Q3 EPS of $0.48
    • Revenue of $113.48M (+18.6% Y/Y)
    | Oct. 28, 2014, 7:12 AM
  • Jul. 29, 2014, 10:11 AM
    • Adjusted income of $28.9M or $0.34 per share vs. $4.4M and $0.05 one year ago.
    • After $1.32B unsecured debt offering in Q2, secured debt now represents just 16% of total debt, down from 49% ahead of the deal.
    • Non-performing loans carrying value of $94M fall 54% from the end of Q1.
    • New originations during quarter totaled $117M.
    • STAR +1.4%
    • Previously: iStar Financial EPS of $0.34
    | Jul. 29, 2014, 10:11 AM
  • Jul. 29, 2014, 7:16 AM
    • iStar Financial (NYSE:STAR): Q2 EPS of $0.34
    • Revenue of $129.84M (+29.9% Y/Y)
    | Jul. 29, 2014, 7:16 AM
Company Description
iStar, Inc. is an integrated finance and investment company focused on the commercial real estate industry. It operates its business through four segments: Real Estate Finance, Net Leasing, Operating Properties, and Land. The Real Estate Finance segment primarily comprised of senior and... More
Sector: Financial
Industry: REIT - Diversified
Country: United States