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 22 days ago.
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
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
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
is considered below, and whether this is a fair price.
Price based on past earnings
iStar's earnings available for a low price, and how does
this compare to other companies in the same industry?
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.
iStar's performance over the past 5 years by checking for:
Has earnings increased in past 5 years? (1 check)
Has the earnings growth in the last year exceeded that of the
industry? (1 check)
Is the recent earnings growth over the last year higher than the average annual growth over the
past 5 years? (1 check)
Is the Return on Equity (ROE) higher than 20%? (1 check)
Is the Return on Assets (ROA) above industry average? (1 check)
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.
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.
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.
TENURE AS CEO
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.
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
management team in years:
The average tenure for the iStar management team is less than 2 years, this suggests a new team.
Chairman & CEO
President & Chief Investment Officer
Senior Vice President of Investor Relations & Marketing
Chief Legal Officer
Senior Vice President of Marketing
Executive Vice President of Net Lease Investments
Executive Vice President of Credit
Board of Directors Tenure
Average tenure and age of the
board of directors in years:
The average tenure for the iStar board of directors is over 10 years, this suggests they are a seasoned and experienced board.
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.
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