iStar Financial (STAR) Reports Q1 EPS of $0.10

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iStar Financial Announces First Quarter 2015 Results

April 29, 2015 7:33 AM EDT

NEW YORK, April 29, 2015 /PRNewswire/ -- iStar Financial Inc. (NYSE: STAR) today reported results for the first quarter ended March 31, 2015.

First Quarter 2015 Results

iStar reported adjusted income allocable to common shareholders for the first quarter of $8.5 million, or $0.10 per diluted common share, compared to a loss of $(5.5) million, or $(0.07) per diluted common share for the first quarter 2014.

Adjusted income represents net income computed in accordance with GAAP, prior to the effects of certain non-cash items, primarily including depreciation, loan loss provisions, impairments, stock-based compensation and... More