iStar Inc. | REIT Profile

Symbol: STAR
CIK: 1095651
Exchange: NYSE
Preferred Stock: STAR-D, STAR-G, STAR-I
Founded: 1993 (29 years)
HQ: New York, NY, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Small-Cap
REIT Sector: Diversified, Hotel, Industrial, Health Care, Office, Residential, Resorts

See STAR on Google Finance
See STAR on Yahoo Finance
See STAR on SEC.gov

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About iStar Inc.

iStar (NYSE: STAR) finances, invests in and develops real estate and real estate related projects as part of its fully-integrated investment platform. Building on over two decades of experience and more than $40 billion of transactions, iStar brings uncommon capabilities and new ways of thinking to commercial real estate and adapts its investment strategy to changing market conditions. The Company is structured as a real estate investment trust ("REIT"), with a diversified portfolio focused on larger assets located in major metropolitan markets.


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REITMovers


REITMovers tracks the stock price and other indicators for all US REITs tracked by REITNotes during normal trading hours. This data is updated every 3 minutes during normal trading hours. Note: All prices have a 15 minute delay.


Latest Price High Low Open Close Previous Close Volume Change $ Change % Market Cap PE Ratio 52W High 52W Low Ytd Change
$10.39 $10.50 $10.27 $10.50 $10.39 $10.46 279,024 -$0.07 -0.67% $900,785,435 1.57 $26.34 $8.27 -59.61%

Last update: 2022-11-25 10:00:01 PST

REITRating™ Trend


REITRating™ is REITNotes' Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. See score breakdown. The graph below plots the overall REITRating™ score for the last trading days. See complete trend.

Overall REITRating Score: 4.6

Hightlights of Trading Day November 25, 2022


Open Price: $10.5
Closing Price: $10.39
Price Change: -0.07 (-0.669%)
Lowest Price: $10.27
Highest Price: $10.5
52-Week Low: $8.27
52-Week High: $26.34
52-Week Change: -57.36%
5 Day Price Change: 1.65%
1 Month Price Change: 13.57%
3 Month Price Change: -31.57%
6 Month Price Change: -39.04%
YTD Price Change: -58.94%
1 Year Price Change: -57.36%
2 Year Price Change: -25.40%
5 Year Price Change: 4.52%

Dividend of Trading Day November 25, 2022


Dividend Yield: 4.812%*
Annualized Dividend: $0.5*
Dividend Yield (TTM): 4.743%
Annualized Dividend (TTM): $0.4961
Ex-Dividend Date: 2022-08-31
Dividend Frequency: Quarterly

*The forward annualized dividend and dividend yield are based on the most recent dividend value paid by the REIT. The REIT may have already announced their next upcoming dividend value, which may be different from previously paid dividend value. It is recommended to check the REIT's website and dividend announcements for the latest information on upcoming dividends and changes. This graph does not include extraordinary dividend.

Latest News Headlines


See more news headlines for iStar Inc.

Key Stats of Trading Day November 25, 2022


Total Cash: N/A
Current Debt: $95,003,000
Revenue: $22,070,000
Gross Profit: $-81,573,000
Total Revenue: $22,070,000
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $-287,719,000
Revenue Per Share: $0
Revenue Per Employee: N/A
Employee: 143
Debt to Equity Ratio (D/E): 2.10
Profit Margin: 22.27%
Enterprise Value (EV): $2,675,126,570
Enterprise Value to Revenue (EV/R): 121.21
Price to Sales (P/S): 45.06
Price to Book (P/B): 0.59
Price/Earnings-to-Growth (PEG) Ratio: 0.00
P/E Ratio: 1.57
P/E High: 16.41
P/E Low: 9.48
Forward P/E Ratio: N/A
Market Capitalization: $900,785,435
Beta: 1.41
Latest Volume: 279,179
Avg. Total Volume: 842,351
Avg. 10-Day Volume: 737,346
Avg. 30-Day Volume: 842,351
TTM EPS: 6.63
Shares Outstanding: 86,697,347
Float: N/A
50-Day Moving Avg.: $9.94
200-Day Moving Avg.: $13.38

Latest REIT Community Comments on #STAR


See more community comments related to STAR

Properties Owned by STAR


STAR Sample Property

Sample of REIT’s Properties. Image Source - REIT’s website

REIT Simulation


Below is a simulation of how much money you would have made in dividends, and how much the shares would be worth had you purchased them 1 year ago for the amounts below.

With $1,000 USD With $500 USD With $250 USD With $100 USD With $50 USD
Initial investment @ $12.40 per share you would have been able to buy 80 shares of STAR on 2021-11-26 costing $992.00 @ $12.40 per share you would have been able to buy 40 shares of STAR on 2021-11-26 costing $496.00 @ $12.40 per share you would have been able to buy 20 shares of STAR on 2021-11-26 costing $248.00 @ $12.40 per share you would have been able to buy 8 shares of STAR on 2021-11-26 costing $99.20 @ $12.40 per share you would have been able to buy 4 shares of STAR on 2021-11-26 costing $49.60
Current worth On 2022-11-25 these 80 shares would be worth $831.20 @ $10.39 On 2022-11-25 these 40 shares would be worth $415.60 @ $10.39 On 2022-11-25 these 20 shares would be worth $207.80 @ $10.39 On 2022-11-25 these 8 shares would be worth $83.12 @ $10.39 On 2022-11-25 these 4 shares would be worth $41.56 @ $10.39
Dividends earned $40.00 in dividends would have been earned since 2021-11-26 with 80 shares. $20 in dividends would have been earned since 2021-11-26 with 40 shares. $10.00 in dividends would have been earned since 2021-11-26 with 20 shares. $4.00 in dividends would have been earned since 2021-11-26 with 8 shares. $2.00 in dividends would have been earned since 2021-11-26 with 40 shares.
Net (gain / loss)* -120.80 USD -60.40 USD -30.20 USD -12.08 USD -6.04 USD
ROI** -12.18% -12.18% -12.18% -12.18% -12.18%

*Net (Gains/Loss): Includes the stock price (appreciate or depreciate ) + dividends earned during period held. Stock prices based on closing price for the date. **ROI: Is based on the Net (gain/loss) divided by the initial investment value. Note: Past performance is no guarantee of future results. This is a high-level simulation and does not account for many factors such as inflation and taxes so we cannot guarantee the accuracy of this simulation.

Dividend History


Below are the most recent cash dividends paid by STAR. The percent difference from one dividend payment to the next has also been calculated for your convenience. Dividends flagged as [E] are extraordinary dividend payments.


Symbol Ex Date Cash Amount Change in Dividend Declaration Date Record Date Payment Date
STAR 2022-08-31 0.125 --- 2022-08-17 2022-09-01 2022-09-15
STAR 2022-05-31 0.125 --- 2022-05-13 2022-06-01 2022-06-15
STAR 2022-02-28 0.125 --- 2022-02-18 2022-03-01 2022-03-15
STAR 2021-11-30 0.125 --- 2021-11-15 2021-12-01 2021-12-15
STAR 2021-08-31 0.125 --- 2021-08-13 2021-09-01 2021-09-15
STAR 2021-05-28 0.125 13.64% 2021-05-14 2021-06-01 2021-06-15
STAR 2021-02-26 0.110 --- 2021-02-19 2021-03-01 2021-03-15
STAR 2020-11-30 0.110 --- 2020-11-16 2020-12-01 2020-12-15
STAR 2020-08-31 0.110 --- 2020-08-05 2020-09-01 2020-09-15
STAR 2020-05-29 0.110 10.00% 2020-05-15 2020-06-01 2020-06-15
STAR 2020-02-28 0.100 --- 2020-02-20 2020-03-02 2020-03-16
STAR 2019-11-15 0.100 --- 2019-11-04 2019-11-18 2019-12-02
STAR 2019-08-14 0.100 --- 2019-08-02 2019-08-15 2019-08-30
STAR 2019-05-14 0.100 11.11% 2019-05-06 2019-05-15 2019-05-31
STAR 2019-03-01 0.090 --- 2019-02-21 2019-03-04 2019-03-15
STAR 2018-11-14 0.090 --- 2018-10-31 2018-11-15 2018-11-30
STAR 2018-08-14 0.090 --- 2018-08-02 2018-08-15 2018-08-31
STAR 2018-04-12 0.000 --- 0000-00-00 0000-00-00 0000-00-00
STAR 2018-03-13 0.000 --- 0000-00-00 0000-00-00 0000-00-00
STAR 2017-11-14 0.000 --- 0000-00-00 0000-00-00 0000-00-00

Earnings Press Releases


Below are the Earnings Press Releases for STAR. To see the complete Earnings Report please visit the sec.gov.

Year Quarter Title
2021 Q4 iStar Reports Fourth Quarter and Fiscal Year 2021 Results

Financial Statements Overview


The next Earnings Report for STAR is 2023-02-23

Balance Sheet | Quarterly

See Annual Balance Sheet | See Quarterly Balance Sheet

Amounts in USD ($)

Balance Sheet 2022-06-30 2022-03-31 2021-12-31 2021-09-30
Current Cash 0 0 0 0
Receivables 8,281,000 8,360,000 6,867,000 82,100,000
Inventory 0 0 0 0
Current Assets 3,181,501,000 3,592,730,000 722,527,000 2,248,944,000
Current Assets (Other) 0 0 0 0
Short Term Investments 1,568,310,000 1,752,328,000 43,215,000 1,462,449,000
Long-term Investments 429,119,000 491,321,000 4,118,007,000 2,553,221,000
Property, Plant & Equipment Net 351,645,000 370,687,000 380,812,000 1,661,612,000
Goodwill 0 0 0 0
Intangible Assets 350,000 1,156,000 1,209,000 146,588,000
Other Assets 51,874,000 48,781,000 1,361,142,000 643,324,000
Net Tangible Assets 1,614,215,000 1,453,268,000 850,075,000 720,981,000
Total Assets 3,610,620,000 4,084,051,000 4,840,534,000 4,802,165,000
Accounts Payable 0 0 0 0
Liabilities (Other) 27,120,000 35,565,000 30,362,000 112,188,000
Current Liabilities (Other) 93,316,000 141,512,000 183,103,000 141,162,000
Total Current Liabilities 1,926,566,000 2,225,764,000 183,103,000 3,423,760,000
Current Long-term Debt 1,833,250,000 2,084,252,000 0 3,282,598,000
Long-term Debt 0 0 2,572,174,000 152,629,000
Total Liabilities 1,996,043,000 2,629,615,000 3,989,238,000 3,934,584,000
Minority Interest 16,287,000 330,514,000 211,910,000 198,644,000
Common Stock 81,442,000 69,037,000 69,252,000 71,299,000
Retained Earnings -1,774,069,000 -1,625,086,000 -2,227,213,000 -2,225,552,000
Treasury Stock 0 0 0 0
Capital Surplus 0 0 0 0
Shareholder Equity 1,614,577,000 1,454,436,000 851,296,000 867,581,000

Income Statement | Quarterly

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2022-06-30 2022-03-31 2021-12-31 2021-09-30
Total Revenue 48,063,000 31,953,000 -105,703,000 195,485,000
Cost of Revenue 46,772,000 14,912,000 25,453,000 85,824,000
Gross Profit 1,291,000 17,041,000 -131,156,000 109,661,000
Research and Development 0 0 0 0
Selling General and Admin -5,179,000 1,375,000 62,749,000 17,121,000
Operating Expense 198,182,000 34,330,000 159,653,000 88,798,000
Operating Income -150,119,000 -2,377,000 -265,356,000 106,687,000
Income Expense Net (Other) 0 492,000 -28,433,000 25,611,000
EBIT -130,726,000 -1,885,000 -139,445,000 132,298,000
Interest Income 0 0 0 0
Pretax Income -132,494,000 -1,885,000 -111,105,000 130,988,000
Income Tax 0 3,000 -112,000 -6,000
Minority Interest 117,000 179,071,000 -2,492,000 3,264,000
Net Income -138,485,000 610,855,000 7,077,000 121,856,000
Net Income Basic -138,485,000 610,855,000 7,077,000 121,856,000

Cash Flow | Quarterly

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2022-06-30 2022-03-31 2021-12-31 2021-09-30
Net Income -138,485,000 610,855,000 7,077,000 121,856,000
Depreciation 1,338,000 1,357,000 14,323,000 14,856,000
Changes in Receivables 8,281,000 8,360,000 6,867,000 82,100,000
Changes in Inventories 0 0 0 0
Cash Change 1,400,658,000 1,500,203,000 339,601,000 298,886,000
Cash Flow 58,005,000 -30,624,000 -15,586,000 40,221,000
Capital Expenditures -5,479,000 -5,544,000 -9,253,000 -8,769,000
Investments 0 0 0 0
Investing Activity (Other) 0 0 0 0
Total Investing Cash Flows 207,255,000 2,417,867,000 140,294,000 189,744,000
Dividends Paid 0 0 0 0
Net Borrowings 60,688,000 85,000 2,196,115,000 1,567,269,000
Cash Flow Financing -410,620,000 -1,229,992,000 -85,515,000 -83,519,000
Financing Cash Flows (Other) 0 0 0 0
Exchange Rate Effect 0 0 0 0

REITRating™ Scorecard


Rating Dividend Section Avg. Rating
9 Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. 3.6
4 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 7.0
Rating AFFO & Efficiency Section Avg. Rating
6 Operating Expense Efficiency Trend: Analysis of the trend of the REIT's Operating Expenses to its Revenue. 7.1
Rating Leverage Section Avg. Rating
3 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 5.0
10 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 7.2
Rating Asset & Revenue Section Avg. Rating
10 G&A Effeciency Level: Analysis of the REIT’s General and Administrative expenses in relationship to its Revenues. 7.3
1 G&A Effeciency Trend: Analysis of the Trend of the REIT’s General and Administrative expenses in relationship to its Revenues. 8.0
0 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 7.8
3 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 7.1
Rating Properties Section Avg. Rating
Rating Market Cap Section Avg. Rating
1 Market Cap Strength: Analysis of the REIT's Market Capitalization performance, preservation and resistance in comparison to market changes. 5.0
4.6 Overall REITRating™ Score (See trend) 6.2

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The REIT’s score for each analysis is out of ten points, with ten being the best score and zero being the worst. A score of zero can be assigned if the REIT does not meet the criteria for that specific analysis. N/A is assigned if insufficient data is available for a particular analysis. Our REITRating logic is continuously improving, so a REIT’s rating and ranking may change over time. Important Note: REITRating is not a predictor of a REIT’s future performance, it is an evaluation of its past results. Additionally, the REITRating system is for informational purposes only and does not represent financial or investment advice or a recommendation of which REITs to acquire. Learn more.

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Last updated: 2022-11-26 - v3.5