Istar Financial, Inc. (STAR) Reports Q2 EPS of $0.11

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iStar Announces Second Quarter 2015 Results

August 4, 2015 7:00 AM EDT

NEW YORK, Aug. 4, 2015 /PRNewswire/ -- iStar (NYSE: STAR) today reported results for the second quarter ended June 30, 2015.

Second Quarter 2015 Results

iStar reported adjusted income allocable to common shareholders for the second quarter of $9.8 million, or $0.11 per diluted common share, compared to $28.9 million, or $0.26 per diluted common share for the second 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 gain/loss on early... More