iStar Financial (STAR) Tops Q2 EPS by 19c

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Go back to iStar Financial (STAR) Tops Q2 EPS by 19c

iStar Reports Second Quarter 2022 Results

August 4, 2022 7:30 AM EDT

NEW YORK, Aug. 4, 2022 /PRNewswire/ -- iStar Inc. (NYSE: STAR) today reported results for the second quarter ended June 30, 2022.

Highlights for the quarter include:

Net income (loss) of ($138.5) million or ($1.70) per diluted common shareAdjusted earnings (loss) of ($34.2) million or ($0.42) per diluted common shareDuring the quarter, exchanged $194 million of convertible notes for 13.75 million shares of common stock and $14 million of cash, recognizing a $298 million increase to book equity, offset by a $118 million loss on early extinguishment of... More