iStar Financial (STAR) Reports Q1 Loss of $0.16/Share
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iStar Announces First Quarter 2017 Results and Recent Developments
May 4, 2017 7:00 AM EDTNEW YORK, May 4, 2017 /PRNewswire/ -- iStar (NYSE: STAR) today reported results for the quarter ended March 31, 2017.
Highlights
Net income (loss) and adjusted income (loss) for the first quarter was $(0.38) and $(0.16), respectively, per diluted common share. Transactions consummated subsequent to the end of the first quarter are expected to generate an estimated $240 million of income in the second quarter. 2017 full year guidance increased substantially: Target net income per diluted common share raised to a range of $2.15 - $2.65 from prior target of... More