iStar Financial (STAR) Reports Q3 EPS of $0.25
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iStar Announces Third Quarter 2015 Results
November 3, 2015 7:00 AM ESTNEW YORK, Nov. 3, 2015 /PRNewswire/ -- iStar (NYSE: STAR) today reported results for the third quarter ended September 30, 2015.
Third Quarter 2015 Results
iStar reported adjusted income allocable to common shareholders for the third quarter of $27.8 million, or $0.25 per diluted common share, compared to $57.7 million, or $0.48 per diluted common share for the third quarter 2014. The largest driver of the year-over-year difference was the recognition of $33.4 million of additional equity method earnings in the third quarter of last year associated with the sale of one investment.
Adjusted income represents... More
