iStar Financial (STAR) Misses Q4 EPS by 46c

iStar Financial (NYSE: STAR) reported Q4 EPS of ($0.44), $0.46 worse than the analyst estimate of $0.02.

iStar highlights include:

Net income (loss) per diluted common share of $3.73 and ($0.71) for the twelve months and three months ended December 31, 2019, respectively

Adjusted income (loss) per diluted common share of $3.72 and ($0.44) for the twelve months and three months ended December 31, 2019, respectively

Market value of Safehold investment at year-end represented an unrealized gain of over $500 million

$2 billion of capital markets transactions in 2019

Two new executive leadership hires: Chief Financial Officer, Jeremy Fox-Geen and board member, Anita Sands

"At the beginning of 2019, we outlined a bold new chapter for iStar and defined a clear vision focused on three main objectives: go 'all-in' to scale a game-changing ground lease platform, highlight the embedded value in our portfolio, and simplify our business ," said Jay Sugarman, Chairman and Chief Executive Officer. "Our team delivered outstanding results across all three objectives and we are pleased the Company's efforts have begun to translate into significant shareholder returns."

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

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