iStar Reports Second Quarter 2020 Results and Adds Additional Board Member
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iStar Financial (STAR) Tops Q2 EPS by 15c
August 6, 2020 7:45 AM EDTiStar Financial (NYSE: STAR) reported Q2 EPS of ($0.04), $0.15 better than the analyst estimate of ($0.19).
Highlights include:
Growing intrinsic value of Safehold portfolio as interest rates declineContinued recycling of legacy assets into lower risk investmentsStrong balance sheet with approximately $422 million of current cash and revolver availabilityNet income (loss) of ($0.31) per diluted common shareAdjusted earnings (loss) of ($0.04) per diluted common shareSubsequent to the end of the... More