STAR Stock Overview
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.
Price History & Performance
|Historical stock prices|
|Current Share Price||US$16.68|
|52 Week High||US$27.75|
|52 Week Low||US$15.10|
|1 Month Change||-8.90%|
|3 Month Change||-33.28%|
|1 Year Change||-3.97%|
|3 Year Change||73.93%|
|5 Year Change||36.16%|
|Change since IPO||-85.47%|
Recent News & Updates
|STAR||US REITs||US Market|
Return vs Industry: STAR underperformed the US REITs industry which returned -2% over the past year.
Return vs Market: STAR exceeded the US Market which returned -12.9% over the past year.
|STAR Average Weekly Movement||6.4%|
|REITs Industry Average Movement||4.5%|
|Market Average Movement||7.8%|
|10% most volatile stocks in US Market||16.8%|
|10% least volatile stocks in US Market||2.9%|
Stable Share Price: STAR is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: STAR's weekly volatility (6%) has been stable over the past year.
About the Company
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 Fundamentals Summary
|STAR fundamental statistics|
Is STAR overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|STAR income statement (TTM)|
|Cost of Revenue||US$200.22m|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
|Earnings per share (EPS)||0.069|
|Net Profit Margin||1.55%|
How did STAR perform over the long term?See historical performance and comparison
3.0%Current Dividend Yield
Does STAR pay a reliable dividends?See STAR dividend history and benchmarks
|iStar dividend dates|
|Ex Dividend Date||May 31 2022|
|Dividend Pay Date||Jun 15 2022|
|Days until Ex dividend||9 days|
|Days until Dividend pay date||24 days|
Does STAR pay a reliable dividends?See STAR dividend history and benchmarks
Is iStar undervalued compared to its fair value and its price relative to the market?
Valuation Score 1/6
Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PB vs Industry
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: STAR ($16.68) is trading above our estimate of fair value ($5.53)
Significantly Below Fair Value: STAR is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: STAR is poor value based on its PE Ratio (240.9x) compared to the US REITs industry average (33.5x).
PE vs Market: STAR is poor value based on its PE Ratio (240.9x) compared to the US market (15.3x).
Price to Earnings Growth Ratio
PEG Ratio: STAR's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: STAR is good value based on its PB Ratio (1x) compared to the US REITs industry average (1.7x).
How is iStar forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Future Growth Score0/6
Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: STAR's earnings are forecast to decline over the next 3 years (-83.6% per year).
Earnings vs Market: STAR's earnings are forecast to decline over the next 3 years (-83.6% per year).
High Growth Earnings: STAR's earnings are forecast to decline over the next 3 years.
Revenue vs Market: STAR's revenue is expected to decline over the next 3 years (-43% per year).
High Growth Revenue: STAR's revenue is forecast to decline over the next 3 years (-43% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if STAR's Return on Equity is forecast to be high in 3 years time
How has iStar performed over the past 5 years?
Past Performance Score2/6
Past Performance Score 2/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: STAR has a large one-off gain of $102.4M impacting its March 31 2022 financial results.
Growing Profit Margin: STAR became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: STAR has become profitable over the past 5 years, growing earnings by -19% per year.
Accelerating Growth: STAR has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: STAR has become profitable in the last year, making it difficult to compare its past year earnings growth to the REITs industry (69.5%).
Return on Equity
High ROE: STAR's Return on Equity (1.6%) is considered low.
How is iStar's financial position?
Financial Health Score3/6
Financial Health Score 3/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: STAR's short term assets ($1.8B) exceed its short term liabilities ($177.2M).
Long Term Liabilities: STAR's short term assets ($1.8B) do not cover its long term liabilities ($2.1B).
Debt to Equity History and Analysis
Debt Level: STAR's net debt to equity ratio (32.7%) is considered satisfactory.
Reducing Debt: STAR's debt to equity ratio has reduced from 391% to 116.8% over the past 5 years.
Debt Coverage: STAR's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: STAR's interest payments on its debt are not well covered by EBIT (0.4x coverage).
What is iStar current dividend yield, its reliability and sustainability?
Dividend Score 1/6
Future Dividend Coverage
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: STAR's dividend (3%) is higher than the bottom 25% of dividend payers in the US market (1.58%).
High Dividend: STAR's dividend (3%) is low compared to the top 25% of dividend payers in the US market (4.11%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, STAR has been paying a dividend for less than 10 years.
Growing Dividend: STAR's dividend payments have increased, but the company has only paid a dividend for 4 years.
Earnings Payout to Shareholders
Earnings Coverage: STAR is paying a dividend but the company is unprofitable.
Cash Payout to Shareholders
Cash Flow Coverage: STAR is paying a dividend but the company has no free cash flows.
Discover strong dividend paying companies
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Jay Sugarman (58 yo)
Mr. Jay S. Sugarman has been the Executive Chairman of the Board and Chief Executive Officer of iStar Inc. since founded in 1997. Mr. Sugarman serves as Chief Executive Officer of iStar Marlin LLC. He has...
CEO Compensation Analysis
Compensation vs Market: Jay's total compensation ($USD2.33M) is below average for companies of similar size in the US market ($USD5.44M).
Compensation vs Earnings: Jay's compensation has been consistent with company performance over the past year.
Experienced Management: STAR's management team is considered experienced (4.3 years average tenure).
Experienced Board: STAR's board of directors are considered experienced (6.8 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 13.1%.
iStar Inc.'s employee growth, exchange listings and data sources
- Name: iStar Inc.
- Ticker: STAR
- Exchange: NYSE
- Founded: 1993
- Industry: Diversified REITs
- Sector: Real Estate
- Implied Market Cap: US$1.382b
- Shares outstanding: 82.85m
- Website: https://www.istar.com
Number of Employees
- iStar Inc.
- 1114 Avenue of the Americas
- 39th Floor
- New York
- New York
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/05/21 00:00|
|End of Day Share Price||2022/05/20 00:00|
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.