iStar Inc.

NYSE:STAR Stock Report

Market Cap: US$662.6m

This company is no longer active

The company may no longer be operating, as it may be out of business. Find out why through their latest events.

iStar Past Earnings Performance

Past criteria checks 0/6

iStar's earnings have been declining at an average annual rate of -33.9%, while the REITs industry saw earnings growing at 19% annually. Revenues have been declining at an average rate of 22.8% per year.

Key information

-33.87%

Earnings growth rate

-31.89%

EPS growth rate

REITs Industry Growth19.39%
Revenue growth rate-22.76%
Return on equity-13.83%
Net Margin-110.77%
Last Earnings Update31 Dec 2022

Recent past performance updates

Recent updates

Seeking Alpha • Feb 20

iStar Q4 2022 Earnings Preview

iStar (NYSE:STAR) is scheduled to announce Q4 earnings results on Tuesday, February 21st, before market open. The consensus EPS Estimate is -$0.05 (-105.7% Y/Y) and the consensus Revenue Estimate is $44.3M Over the last 2 years, STAR has beaten EPS estimates 100% of the time and has beaten revenue estimates 0% of the time. Over the last 3 months, EPS estimates have seen 1 upward revision and 1 downward. Revenue estimates have seen 1 upward revision and 1 downward.
Seeking Alpha • Aug 18

iStar declares $0.125 dividend

iStar (NYSE:STAR) declares $0.125/share quarterly dividend, in line with previous. Forward yield 3.02% Payable Sept. 15; for shareholders of record Sept. 1; ex-div Aug. 31. See STAR Dividend Scorecard, Yield Chart, & Dividend Growth.
Seeking Alpha • Aug 03

iStar Q2 2022 Earnings Preview

iStar (NYSE:STAR) is scheduled to announce Q2 earnings results on Thursday, August 4th, before market open. The consensus EPS Estimate is -$1.01 and the consensus Revenue Estimate is $40.7M Over the last 2 years, STAR has beaten EPS estimates 88% of the time and has beaten revenue estimates 13% of the time. Over the last 3 months, EPS estimates have seen 0 upward revisions and 2 downward. Revenue estimates have seen 0 upward revisions and 2 downward.
Seeking Alpha • Jan 28

iStar: Why I Am Not Buying Just Yet

The company has successfully reinvented itself to a diversified REIT with a new concept on the market: the ground leases. The management has had an impeccable dividend history since 2018 combined with impressive growth but with a disappointing yield of just 2.27%. STAR is fairly valued with over 25% short interest.
Seeking Alpha • Nov 04

iStar: The REIT Innovator Poised For Future Growth

The majority of iStar's portfolio is its company Safehold, which is a pioneer in the modern ground lease industry and is poised to continue its exponential growth in the coming years. The stock has rapidly grown over the past year by 128.62% as of November 2nd, 2021. The company smashed Q3 2021 earnings predictions of $0.51 per share by posting earnings of $1.76 per share, continuing a positive trend of surpassing earnings expectations. Though the majority of the company’s portfolio is Safehold, it still maintains a diversified portfolio that mitigates risk. The positive outlook for Safehold means that investors will take a bullish approach to the REIT as well.
Seeking Alpha • Aug 07

Why I Tripled Down On iStar

iStar has more than doubled in value over the past year. Even then, it remains deeply discounted due to the rapid growth of its ground lease venture. It could be the (insert successful tech company name) of the REIT industry and priced at just around half of its NAV, the shares are still a steal.
Seeking Alpha • Jul 09

iSTAR: The Time To Invest Is Now

It seems likely that iStar, a REIT, will soon sell their net lease assets. This will force Mr. Market to confront the massive contradiction in the valuation of their shares. iStar CEO Jay Sugarman expressed their urgency to me in a recent conversation.
Analysis Article • Feb 28

One iStar Inc. (NYSE:STAR) Analyst Just Slashed Their Estimates By A Significant 50%

Market forces rained on the parade of iStar Inc. ( NYSE:STAR ) shareholders today, when the covering analyst downgraded...
Analysis Article • Feb 26

Earnings Update: iStar Inc. (NYSE:STAR) Just Reported And Analysts Are Trimming Their Forecasts

It's been a good week for iStar Inc. ( NYSE:STAR ) shareholders, because the company has just released its latest...
Analysis Article • Feb 18

Do Institutions Own iStar Inc. (NYSE:STAR) Shares?

The big shareholder groups in iStar Inc. ( NYSE:STAR ) have power over the company. Insiders often own a large chunk of...
Analysis Article • Dec 29

How Much is iStar's (NYSE:STAR) CEO Getting Paid?

Jay Sugarman has been the CEO of iStar Inc. ( NYSE:STAR ) since 1997, and this article will examine the executive's...
Analysis Article • Nov 24

The iStar (NYSE:STAR) Share Price Has Gained 29% And Shareholders Are Hoping For More

Low-cost index funds make it easy to achieve average market returns. But if you invest in individual stocks, some are...

Revenue & Expenses Breakdown

How iStar makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NYSE:STAR Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Dec 22199-221210
30 Sep 22291-182730
30 Jun 22367-90760
31 Mar 2237061120
31 Dec 21385-71320
30 Sep 21241-53970
30 Jun 21193-158990
31 Mar 21218-139880
31 Dec 20349-1401010
30 Sep 20539-93990
30 Jun 20561-981030
31 Mar 205722881120
31 Dec 19289-188990
30 Sep 19505222860
30 Jun 19482211830
31 Mar 19554-109790
31 Dec 18809-65920
30 Sep 1877141990
30 Jun 1877126990
31 Mar 18825411030
31 Dec 17569-17990
30 Sep 17583-35950
30 Jun 1760443940
31 Mar 1750019860
31 Dec 1649926840
30 Sep 1655159810
30 Jun 1653811830

Quality Earnings: STAR is currently unprofitable.

Growing Profit Margin: STAR is currently unprofitable.

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: STAR is unprofitable, and losses have increased over the past 5 years at a rate of 33.9% per year.

Accelerating Growth: Unable to compare STAR's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: STAR is unprofitable, making it difficult to compare its past year earnings growth to the REITs industry (-3.1%).

Return on Equity

High ROE: STAR has a negative Return on Equity (-13.83%), as it is currently unprofitable.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2023/04/01 18:28
End of Day Share Price 2023/03/30 00:00
Earnings2022/12/31
Annual Earnings2022/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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 world class team 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.

AnalystInstitution
Venu KrishnaBarclays
Nathan CrossettBerenberg
Matthew HowlettB. Riley Securities, Inc.