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iStar

NYSE:STAR
Snowflake Description

Unattractive dividend payer with imperfect balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
STAR
NYSE
$565M
Market Cap
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Last updated 2019/05/16 01:24
Company description

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. The last earnings update was 14 days ago. More info.

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STAR Share Price and Events
7 Day Returns
-0.8%
NYSE:STAR
0.2%
US REITs
-3.9%
US Market
1 Year Returns
-18.3%
NYSE:STAR
13%
US REITs
1.4%
US Market
STAR Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
iStar (STAR) -0.8% 2.6% -10% -18.3% -7.9% -39.6%
US REITs 0.2% -1.4% 3.2% 13% 8.8% 24%
US Market -3.9% -3.6% 1.8% 1.4% 35.8% 40.8%
1 Year Return vs Industry and Market
  • STAR underperformed the REITs industry which returned 13% over the past year.
  • STAR underperformed the Market in United States of America which returned 1.4% over the past year.
Price Volatility
STAR
Industry
5yr Volatility vs Market

Value

 Is iStar undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for iStar. This is due to cash flow or dividend data being unavailable. The share price is $8.73.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for iStar's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are iStar's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:STAR PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $-1.61
NYSE:STAR Share Price ** NYSE (2019-05-15) in USD $8.73
United States of America REITs Industry PE Ratio Median Figure of 155 Publicly-Listed REITs Companies 32.37x
United States of America Market PE Ratio Median Figure of 3,087 Publicly-Listed Companies 17.79x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of iStar.

NYSE:STAR PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:STAR Share Price ÷ EPS (both in USD)

= 8.73 ÷ -1.61

 -5.43x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • iStar is loss making, we can't compare its value to the US REITs industry average.
  • iStar is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does iStar's expected growth come at a high price?
Raw Data
NYSE:STAR PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -5.43x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts		 -7.5%per year
United States of America REITs Industry PEG Ratio Median Figure of 141 Publicly-Listed REITs Companies 1.91x
United States of America Market PEG Ratio Median Figure of 2,113 Publicly-Listed Companies 1.52x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for iStar, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on iStar's assets?
Raw Data
NYSE:STAR PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $12.27
NYSE:STAR Share Price * NYSE (2019-05-15) in USD $8.73
United States of America REITs Industry PB Ratio Median Figure of 191 Publicly-Listed REITs Companies 1.86x
United States of America Market PB Ratio Median Figure of 5,195 Publicly-Listed Companies 1.83x
NYSE:STAR PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:STAR Share Price ÷ Book Value per Share (both in USD)

= 8.73 ÷ 12.27

 0.71x

* Primary Listing of iStar.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • iStar is good value based on assets compared to the US REITs industry average.
X
Value checks
We assess iStar's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the REITs industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the REITs industry average (and greater than 0)? (1 check)
    5. iStar has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is iStar expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-7.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is iStar expected to grow at an attractive rate?
  • iStar's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.
Growth vs Market Checks
  • iStar's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.
  • iStar's revenues are expected to decrease over the next 1-3 years, this is below the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:STAR Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:STAR Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts -7.5%
NYSE:STAR Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts -3.6%
United States of America REITs Industry Earnings Growth Rate Market Cap Weighted Average 5.2%
United States of America REITs Industry Revenue Growth Rate Market Cap Weighted Average 4.3%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:STAR Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:STAR Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 495 -27 1
2020-12-31 462 -33 2
2019-12-31 488 190 1
NYSE:STAR Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 538 -24 -109
2018-12-31 793 -24 -65
2018-09-30 771 -56 41
2018-06-30 771 -52 26
2018-03-31 825 91 41
2017-12-31 569 102 -17
2017-09-30 583 136 -35
2017-06-30 604 133 43
2017-03-31 500 1 19
2016-12-31 499 29 26
2016-09-30 551 12 59
2016-06-30 538 4 11

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • iStar's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • iStar's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:STAR Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from iStar Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:STAR Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 -0.42 -0.42 -0.42 1.00
2020-12-31 -0.50 -0.32 -0.68 2.00
2019-12-31 2.30 2.30 2.30 1.00
NYSE:STAR Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 -1.61
2018-12-31 -0.95
2018-09-30 0.61
2018-06-30 0.37
2018-03-31 0.59
2017-12-31 -0.25
2017-09-30 -0.48
2017-06-30 0.59
2017-03-31 0.26
2016-12-31 0.35
2016-09-30 0.78
2016-06-30 0.13

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if iStar will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess iStar's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
iStar has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has iStar performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare iStar's growth in the last year to its industry (REITs).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • iStar does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare iStar's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare iStar's 1-year growth to the US REITs industry average as it is not currently profitable.
Earnings and Revenue History
iStar's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from iStar Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:STAR Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 537.65 -109.13 84.42
2018-12-31 793.12 -64.76 92.14
2018-09-30 770.66 41.24 99.19
2018-06-30 770.98 25.69 98.53
2018-03-31 825.47 41.24 102.52
2017-12-31 568.82 -17.43 98.88
2017-09-30 582.80 -34.55 94.94
2017-06-30 604.46 42.54 93.65
2017-03-31 500.39 18.59 86.10
2016-12-31 499.34 25.70 84.03
2016-09-30 550.84 59.42 81.19
2016-06-30 538.41 10.79 82.71
2016-03-31 536.17 -54.88 83.63
2015-12-31 528.19 -67.75 81.28
2015-09-30 477.14 -73.09 81.02
2015-06-30 476.25 -44.69 83.22
2015-03-31 480.91 -29.70 89.25
2014-12-31 491.43 -33.72 88.29
2014-09-30 456.17 -77.33 94.89
2014-06-30 426.05 -139.65 95.80
2014-03-31 406.59 -157.67 90.05
2013-12-31 446.58 -178.65 92.11
2013-09-30 477.80 -209.81 86.19
2013-06-30 494.02 -237.06 80.94
2013-03-31 519.32 -286.49 79.86
2012-12-31 500.55 -282.77 80.86
2012-09-30 502.70 -222.13 89.64
2012-06-30 491.58 -241.23 97.58

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if iStar has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • iStar used its assets less efficiently than the US REITs industry average last year based on Return on Assets.
  • It is difficult to establish if iStar improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess iStar's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the REITs industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
iStar has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is iStar's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up iStar's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • iStar is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • iStar's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of iStar's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from iStar Company Filings, last reported 1 month ago.

NYSE:STAR Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 1,009.47 3,203.10 317.69
2018-12-31 1,064.12 3,640.97 935.42
2018-09-30 1,204.02 3,642.94 767.69
2018-06-30 1,224.39 3,888.59 1,039.59
2018-03-31 1,015.90 3,221.09 366.72
2017-12-31 914.25 3,585.03 657.69
2017-09-30 1,167.40 4,408.54 1,912.45
2017-06-30 1,208.94 3,482.86 954.28
2017-03-31 1,037.99 4,072.28 897.49
2016-12-31 1,064.72 3,557.73 328.77
2016-09-30 1,078.09 3,962.65 547.56
2016-06-30 1,039.07 3,964.48 521.41
2016-03-31 1,024.37 4,272.14 591.48
2015-12-31 1,112.05 4,277.64 712.21
2015-09-30 1,159.79 4,300.31 657.77
2015-06-30 1,196.65 4,300.46 639.34
2015-03-31 1,232.80 4,269.03 628.09
2014-12-31 1,259.55 4,030.38 476.89
2014-09-30 1,273.63 4,054.72 659.47
2014-06-30 1,254.12 4,082.51 362.29
2014-03-31 1,273.47 4,102.05 418.23
2013-12-31 1,313.06 4,158.13 513.57
2013-09-30 1,397.43 4,253.17 744.85
2013-06-30 1,431.57 4,402.45 716.39
2013-03-31 1,465.25 4,495.09 468.39
2012-12-31 1,326.84 4,692.07 256.34
2012-09-30 1,414.90 5,388.86 284.66
2012-06-30 1,470.78 5,603.94 243.84
  • iStar's level of debt (317.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (322.2% vs 317.3% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Information is not available.
  • Unable to confirm if iStar has at least 1 year of cash runway based on growing free cash flows without relevant data.
X
Financial health checks
We assess iStar's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
    7. iStar has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is iStar's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
4.58%
Current annual income from iStar dividends.
If you bought $2,000 of iStar shares you are expected to receive $92 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • iStar's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.46%).
  • iStar's dividend is above the markets top 25% of dividend payers in United States of America (3.71%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:STAR Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
United States of America REITs Industry Average Dividend Yield Market Cap Weighted Average of 184 Stocks 3.9%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1997 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:STAR Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31
2020-12-31
2019-12-31
NYSE:STAR Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-05-06 0.400 4.559
2019-02-21 0.360 4.215
2018-10-31 0.360 3.651
2018-08-02 0.360 3.330
2010-05-07 0.000 0.000
2010-04-29 0.000 0.000
2010-03-01 0.000 0.000
2010-02-17 0.000 0.000
2009-11-06 0.000 0.000
2009-10-30 0.000 0.000
2009-08-10 0.000 0.000
2009-07-31 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • It is too early to tell whether iStar has stable dividend payments.
  • iStar only just started paying a dividend, it is too early to tell if payments are increasing.
Current Payout to shareholders
What portion of iStar's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess iStar's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can iStar afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
    7. iStar has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of iStar's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jay Sugarman
COMPENSATION $6,011,793
AGE 55
TENURE AS CEO 22.3 years
CEO Bio

Mr. Jay S. Sugarman has been the Chairman of the Board and Chief Executive Officer of iStar Inc. since founded in 1997. Mr. Sugarman serves as Chief Executive Officer of iStar Marlin LLC. He has been Chairman, Chief Executive Officer and Director at Safehold Inc. (also known as Safety, Income & Growth Inc.) since October 24, 2016. He is Owner of The Philadelphia Union and Keystone Sports and Entertainment LLC and serves as its Chairman. He served as Chairman and Chief Executive Officer of iStar Financial. He served as Chief Executive Officer of Sfty Manager LLC since October 2016. He founded and was Co-General Partner of Starwood Mezzanine Investors LP, a private investment partnership specializing in structured real estate finance. He served as the Chief Executive Officer of Starwood Financial Trust since November 1997 and served as its President. Prior to forming Starwood Mezzanine, Mr. Sugarman managed diversified investment funds on behalf of the Burden family, a branch of the Vanderbilts and the Ziff family. While in that position, he was jointly responsible for the formation of the predecessor entities to Starwood Capital Group L.L.C., a leading private real estate investment firm and the formation of HBK Investments L.P., one of the nation's largest multi-strategy trading operations. From 1996 to 1997, he served as a Senior Managing Director of Starwood Capital Group LLC and from 1993 to 1996, also served as the President of Starwood Mezzanine Investors L.P. Mr. Sugarman serves as the Chairman of iStar Acquisition Corp. He has been a Director at iStar Inc. since 1996. He served as a Director for WCI Communities Inc., a residential developer in South Florida from 1995 to May 20, 2004. He served as Director of CGA Group, Ltd. since June 18, 1997. Mr. Sugarman received his Undergraduate Degree Summa Cum Laude from Princeton University, where he was nominated for valedictorian and received the Paul Volcker Award in Economics and his M.B.A. with high distinction from Harvard Business School, graduating as a Baker Scholar and recipient of the school's academic prizes for both Finance and Marketing.

CEO Compensation
  • Jay's compensation has increased whilst company is loss making.
  • Jay's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the iStar management team in years:

1.6
Average Tenure
55
Average Age
  • The average tenure for the iStar management team is less than 2 years, this suggests a new team.
Management Team

Jay Sugarman

TITLE
Chairman & CEO
COMPENSATION
$6M
AGE
55
TENURE
22.3 yrs

Nina Matis

TITLE
Vice Chairman
COMPENSATION
$2M
AGE
70

Marcos Alvarado

TITLE
President & Chief Investment Officer
COMPENSATION
$6M
AGE
37
TENURE
0.8 yrs

Geoff Jervis

TITLE
COMPENSATION
$1M
AGE
46
TENURE
1.2 yrs

Jason Fooks

TITLE
Senior Vice President of Investor Relations & Marketing

Geoff Dugan

TITLE
Senior VP

Douglas Heitner

TITLE
Chief Legal Officer
TENURE
0.2 yrs

Kate Doerge

TITLE
Senior Vice President of Marketing
TENURE
1.6 yrs

Barclay Jones

TITLE
Executive Vice President of Net Lease Investments
COMPENSATION
$1M
AGE
57
TENURE
19.2 yrs

Chase Curtis

TITLE
Executive Vice President of Credit
TENURE
14.3 yrs
Board of Directors Tenure

Average tenure and age of the iStar board of directors in years:

11.4
Average Tenure
66
Average Age
  • The average tenure for the iStar board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Jay Sugarman

TITLE
Chairman & CEO
COMPENSATION
$6M
AGE
55
TENURE
19.1 yrs

Nina Matis

TITLE
Vice Chairman
COMPENSATION
$2M
AGE
70

Robert Holman

TITLE
Independent Director
COMPENSATION
$284K
AGE
74
TENURE
19.5 yrs

Robin Josephs

TITLE
Lead Independent Director
COMPENSATION
$342K
AGE
58
TENURE
12 yrs

Dale Reiss

TITLE
Independent Director
COMPENSATION
$284K
AGE
70
TENURE
10.8 yrs

Barry Ridings

TITLE
Independent Director
COMPENSATION
$259K
AGE
66
TENURE
7.8 yrs

Clifford De Souza

TITLE
Independent Director
COMPENSATION
$254K
AGE
56
TENURE
3.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess iStar's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
    5. iStar has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Did You Manage To Avoid iStar's (NYSE:STAR) 40% Share Price Drop?

Because iStar is loss-making, we think the market is probably more focussed on revenue and revenue growth, at least for now. … Shareholders of unprofitable companies usually expect strong revenue growth. … In the last half decade, iStar saw its revenue increase by 13% per year.

Simply Wall St - –

Should You Worry About iStar Inc.'s (NYSE:STAR) CEO Pay?

This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … has a market capitalization of US$570m, and pays its CEO total annual compensation worth US$5.7m. … While this analysis focuses on total compensation, it's worth noting the salary is lower, valued at US$1.0m

Simply Wall St - –

iStar Inc. (NYSE:STAR): What Can We Expect From This High Growth Stock?

iStar Inc.'s (NYSE:STAR) latest earnings announcement in December 2018 … company earnings became less negative compared to the previous year's level

Simply Wall St - –

How Should You Analyze REIT Stock iStar Inc. (NYSE:STAR)?

real estate investment trust (REIT) based in New York, United States. … REITs are basically a portfolio of income-producing real estate investments, which are owned and operated by management of that trust company. … A common financial term REIT investors should know is Funds from Operations, or FFO for short, which is a REIT's main source of income from its portfolio of property, such as rent

Simply Wall St - –

At US$9.51, Is It Time To Put iStar Inc. (NYSE:STAR) On Your Watch List?

saw significant share price movement during recent months on the NYSE, rising to highs of $11 and falling to the lows of $8.89. … Some share price movements can give investors a better opportunity to enter into the stock, and potentially buy at a lower price? … Let’s take a look at iStar’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change

Simply Wall St - –

Is iStar Inc. (NYSE:STAR) Overpaying Its CEO?

This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … How Does Jay Sugarman's Compensation Compare With Similar Sized Companies. … has a market cap of US$683m, and is paying total annual CEO compensation of US$5.7m.

Simply Wall St - –

Investing In iStar Inc (NYSE:STAR): What You Need To Know

real estate investment trust (REIT) based in New York, United States. … REITs are basically a portfolio of income-producing real estate investments, which are owned and operated by management of that trust company. … A common financial term REIT investors should know is Funds from Operations, or FFO for short, which is a REIT's main source of income from its portfolio of property, such as rent

Simply Wall St - –

At US$10.61, Is iStar Inc (NYSE:STAR) Worth Looking At Closely?

received a lot of attention from a substantial price movement on the NYSE over the last few months, increasing to $11.41 at one point, and dropping to the lows of $10.06. … A question to answer is whether iStar's current trading price of $10.61 reflective of the actual value of the? … Let’s take a look at iStar’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change

Simply Wall St - –

Who Owns Most Of iStar Inc (NYSE:STAR)?

Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. … Companies that used to be publicly owned tend to have lower insider ownership. … iStar is a smaller company with a market capitalization of US$752.4m, so it may still be flying under the radar of many institutional investors.

Simply Wall St - –

Is iStar Inc's (NYSE:STAR) CEO Paid Enough Relative To Peers?

Leading iStar Inc (NYSE:STAR) as the CEO, Jay Sugarman took the company to a valuation of US$720.43m. … Understanding how CEOs are incentivised to run and grow their company is an important aspect of investing in a stock. … CEOs leading companies of similar size and profitability

Simply Wall St - –

Company Info

Description

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.

Details
Name: iStar Inc.
STAR
Exchange: NYSE
Founded: 1993
$564,778,026
64,693,932
Website: http://www.istar.com
Address: iStar Inc.
1114 Avenue of the Americas,
39th Floor,
New York,
New York, 10036,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE STAR Common Stock New York Stock Exchange US USD 15. Nov 1989
DB OLZ Common Stock Deutsche Boerse AG DE EUR 15. Nov 1989
NYSE STAR.PRG PFD G 7.65% New York Stock Exchange US USD 22. Dec 2003
NYSE STAR.PRD PFD SER D New York Stock Exchange US USD 15. Oct 1997
NYSE STAR.PRI PFD SER I New York Stock Exchange US USD 27. Feb 2004
OTCPK SFIC.P 4.50% PFD CNV J Pink Sheets LLC US USD 15. Mar 2013
Number of employees
Current staff
Staff numbers
156
iStar employees.
Industry
Diversified REITs
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/16 01:24
End of day share price update: 2019/05/15 00:00
Last estimates confirmation: 2019/05/02
Last earnings filing: 2019/05/02
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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 here.

Related Companies

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