iStar Financial (STAR) Misses Q1 EPS by 24c; Announces New Strategic Plan, CFO Andrew Richardson to Step Down

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iStar Reports First Quarter 2019 Results

May 2, 2019 7:01 AM EDT

NEW YORK, May 2, 2019 /PRNewswire/ -- iStar (NYSE: STAR) today reported results for the first quarter ended March 31, 2019.

Highlights for the quarter include:

Net income (loss) of ($17.6) million or ($0.26) per diluted share Adjusted income of ($0.1) million or ($0.00) per diluted share Deployed $876 million of capital Sold $100 million of legacy assets; net gain of $5 million associated with legacy assets Repurchased 2.3 million shares of STAR for $19.2 million Board of Directors approved 11% increase in common dividend to $0.40 per share on an annual basis... More