iStar Financial (STAR) Tops Q4 EPS by 22c

iStar Financial (NYSE: STAR) reported Q4 EPS of $0.53, $0.22 better than the analyst estimate of $0.31.

"We've begun the process of implementing a new go-forward corporate strategy to combine iStar's strength in finance and net lease with Safehold\'s growing success at reinventing ground leases to create a unique opportunity for iStar to invest capital at attractive returns," said Jay Sugarman, Chairman and Chief Executive Officer. "In addition, we have decided to limit future investment in a significant number of legacy assets and have taken impairments on certain of these assets in the fourth quarter to reflect this change in strategy."

For earnings history and earnings-related data on iStar Financial (STAR) click here.

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