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iStar (STAR.PRG) Stock Overview

STAR.PRG fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	3/6
Past Performance	0/6
Financial Health	5/6
Dividends	3/6

Rewards

Trading at 33.4% below our estimate of its fair value

Earnings are forecast to grow 114.56% per year

Risk Analysis

Shareholders have been diluted in the past year

Dividend of 4.91% is not well covered by earnings

STAR.PRG Community Fair Values

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iStar Inc. Competitors

Price History & Performance

Summary of share price highs, lows and changes for iStar
Historical stock prices
Current Share Price	US$25.04
52 Week High	US$25.93
52 Week Low	US$22.50
Beta	1.28
1 Month Change	0.85%
3 Month Change	2.08%
1 Year Change	-1.17%
3 Year Change	55.77%
5 Year Change	0.97%
Change since IPO	-0.40%

Recent updates

Shareholder Returns

	STAR.PRG	US REITs	US Market
7D	0.2%	-4.2%	-0.1%
1Y	-1.2%	-3.5%	11.9%

Return vs Industry: STAR.PRG underperformed the US REITs industry which returned 11.1% over the past year.

Return vs Market: STAR.PRG underperformed the US Market which returned 29.6% over the past year.

Price Volatility

Is STAR.PRG's price volatile compared to industry and market?
STAR.PRG volatility
STAR.PRG Average Weekly Movement	1.0%
REITs Industry Average Movement	3.0%
Market Average Movement	6.8%
10% most volatile stocks in US Market	15.1%
10% least volatile stocks in US Market	2.9%

Stable Share Price: STAR.PRG has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: STAR.PRG's weekly volatility (1%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1993	118	Jay Sugarman	www.istar.com

iStar Inc. (NYSE: STAR) is focused on reinventing the ground lease sector, unlocking value for real estate owners throughout the country by providing modern, more efficient ground leases on all types of properties. As the founder, investment manager and largest shareholder of Safehold Inc. (NYSE: SAFE), the first publicly traded company to focus on modern ground leases, iStar is helping create a logical new approach to the way real estate is owned, and continues to use its historic strengths in finance and net lease to expand this unique platform. Recognized as a consistent innovator in the real estate markets, iStar specializes in identifying and scaling newly discovered opportunities and has completed more than $40 billion of transactions over the past two decades.

iStar Inc. Fundamentals Summary

How do iStar's earnings and revenue compare to its market cap?
STAR.PRG fundamental statistics
Market cap	US$662.56m
Earnings (TTM)	-US$220.81m
Revenue (TTM)	US$199.33m

3.3x

P/S Ratio

-3.0x

P/E Ratio

Is STAR.PRG overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
STAR.PRG income statement (TTM)
Revenue	US$199.33m
Cost of Revenue	US$160.05m
Gross Profit	US$39.28m
Other Expenses	US$260.09m
Earnings	-US$220.81m

Last Reported Earnings

Dec 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	-2.54
Gross Margin	19.70%
Net Profit Margin	-110.77%
Debt/Equity Ratio	117.9%

How did STAR.PRG perform over the long term?

See historical performance and comparison

Dividends

4.9%

Current Dividend Yield

116%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2023/04/01 06:45
End of Day Share Price	2023/03/30 00:00
Earnings	2022/12/31
Annual Earnings	2022/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

iStar Inc. is covered by 11 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Venu Krishna	Barclays
Nathan Crossett	Berenberg
Matthew Howlett	B. Riley Securities, Inc.

iStar Inc.NYSE:STAR.PRG Stock Report