iStar Financial (STAR) Reports Q1 EPS of $0.04

Go back to iStar Financial (STAR) Reports Q1 EPS of $0.04

iStar Announces First Quarter 2016 Results

May 3, 2016 7:01 AM EDT

NEW YORK, May 3, 2016 /PRNewswire/ -- iStar (NYSE: STAR) today reported results for the first quarter ended March 31, 2016.

First Quarter 2016 Results

iStar reported adjusted income allocable to common shareholders for the first quarter of $3.1 million, or $0.04 per diluted common share, versus $8.5 million, or $0.10 per diluted common share for the first quarter 2015.

Adjusted income represents net income computed in accordance with GAAP, prior to the effects of certain non-cash items. Please see the financial tables that follow the text of this press release for the Company's calculations of... More