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iStar Inc. (STAR)

- NYSE
  • Tue, Aug. 4, 7:50 AM
    • iStar Financial (NYSE:STAR): Q2 EPS of $0.11
    • Revenue of $109.19M (-15.9% Y/Y)
    • Press Release
    | Comment!
  • Wed, Apr. 29, 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
    | Comment!
  • Wed, Apr. 29, 7:39 AM
    • iStar Financial (NYSE:STAR): Q1 EPS of $0.10
    • Revenue of $112.85M (+3.8% Y/Y)
    • Press Release
    | Comment!
  • Thu, Feb. 19, 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
    | Comment!
  • Thu, Feb. 19, 7:11 AM
    • iStar Financial (NYSE:STAR): Q4 EPS of $0.14
    • Revenue of $109.95M (+8.8% Y/Y)
    • Press Release
    | Comment!
  • 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%
    | Comment!
  • Oct. 28, 2014, 7:12 AM
    • iStar Financial (NYSE:STAR): Q3 EPS of $0.48
    • Revenue of $113.48M (+18.6% Y/Y)
    • Press Release
    | Comment!
  • 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
    | Comment!
  • Jul. 29, 2014, 7:16 AM
    • iStar Financial (NYSE:STAR): Q2 EPS of $0.34
    • Revenue of $129.84M (+29.9% Y/Y)
    • Press Release
    | Comment!
  • Apr. 29, 2014, 9:53 AM
    • Adjusted loss of $5.5M or $0.07 per share compares to $300K loss one year ago.
    • Investment activity: $180.8M of new investments, $267.7M in proceeds from portfolio - $102.9M from repayments and sales of loans, $76M from sales of net lease assets, $47.7M from sales of operating properties, and $41.1M of proceeds from other segments. $409.6M of cash awaits future investment opportunities.
    • Real estate finance portfolio of $1.51B, with $1.3B of performing loans, and NPLs with carrying value of $203.2M. Q1 reversal of loan loss provision of $3.4M compares to charge of $10.2M one year ago. Loan loss reserves of $370.1M are 21.9% of carrying value of all loans.
    • CC at 10 ET
    • Source: Press Release
    • Previously: iStar Financial EPS of -$0.07
    • STAR +0.3%
    | Comment!
  • Apr. 29, 2014, 9:25 AM
    | 1 Comment
  • Feb. 20, 2014, 9:15 AM
    • The company shows continued progress on cutting its non-performing loans, with end-of-year NPLs of $203.6M vs. $235.3 at the end of Q3, and $503.1M a year earlier. For Q4, the company took a loan-loss provision of just $100K vs. $20.9M a year ago.
    • The performing loan portfolio size is $1.2B with average LTV of 72% and weighted average maturity of 2.8 years.
    • As for putting capital to work, iStar (STAR) funded $218.2M of new investments during the Q. Thus far in 2014, the company has formed a JV with a sovereign wealth fund, with the partners planning to contribute up to a total of $500M in equity to acquire and develop up to $1.25B in net lease assets over time. The first investment is a 410K square foot office and data campus in suburban D.C. net leased to AT&T through 2025.
    • CC at 10 ET
    • Press release, Q4 results
    | Comment!
  • Feb. 20, 2014, 7:26 AM
    | Comment!
  • Oct. 29, 2013, 9:06 AM
    • iStar Financial (SFI): Q3 EPS of -$0.09 vs a $0.31 loss a year ago.
    • Progress continues on non-performing loans which fall to $235.3M from $370M at end of Q2. Loan loss reserve release of $9.8M compares to a $5M addition in Q2. Loan loss reserves stand at $380M at end of Q2, or 23.5% of the total loan book.
    • Conference call at 10 ET.
    • Press release.
    | Comment!
  • Jul. 25, 2013, 11:28 AM
    More on iStar Financial (SFI -2.2%) Q2 earnings: Progress on reduction of NPL portfolio stalled, with NPL carrying value growing to $370M from $358.8M in Q1, but CEO Jay Sugarman says during the CC the company's close to additional reductions. Cost of capital falls to 6% from 6.2%. Company has $715.9M in cash to fund further investment activity as originations ramp up. BTIG's Mark Palmer reiterates his Buy as the company continues to progress towards becoming a profitable, dividend-paying REIT. (investor presentation from 7/10) (PR)
    | Comment!
  • Jul. 25, 2013, 11:19 AM
    iStar Financial (SFI): Q2 EPS of ($0.31) misses by $0.02. Shares -2.5% (PR)
    | Comment!
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Company Description
iStar Incis structured as a real estate investment trust. The Company finances, invests in and develops real estate and real estate related projects as part of its fully-integrated investment platform.
Sector: Financial
Country: United States