iStar Financial (STAR) Misses Q4 EPS by 4c
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iStar Announces Fiscal Year 2016 Results
February 24, 2017 7:06 AM ESTNEW YORK, Feb. 24, 2017 /PRNewswire/ -- iStar (NYSE: STAR) today reported results for the fiscal year ended December 31, 2016.
2016 Highlights
Company exceeded its target of 50% year-over-year earnings growth. Net income (loss) for the fiscal year was $0.55 per diluted common share, versus $(0.62) for the prior year. Adjusted income for the fiscal year was $1.15 per diluted common share, versus $0.35 for the prior year. Originated $692 million of investments within the real estate finance and net lease portfolios. Monetized operating properties for $377 million, generating $109 million of income.... More