iStar Financial (STAR) Tops Q3 EPS by 24c

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Go back to iStar Financial (STAR) Tops Q3 EPS by 24c

iStar Reports Third Quarter 2020 Results

November 3, 2020 7:30 AM EST

NEW YORK, Nov. 3, 2020 /PRNewswire/ -- iStar Inc. (NYSE: STAR) today reported results for the third quarter ended September 30, 2020.  

Highlights include:

Unrealized gain on Safehold investment increased to $1.2 billion Continued recycling of legacy assets into lower risk investments Strong balance sheet with weighted average debt maturity profile of approximately 4.5 years Net income (loss) of ($0.03) per diluted common share Adjusted earnings of $0.29 per diluted common share

"As transaction activity in the real estate markets begins to increase, iStar is well... More