istar Inc (N:STAR)

Sector:  Financials Industry:  Diversified REITs
See Regulatory Filings on SEC
Company Contact
Address: 1114 Avenue of the Americas Fl 39
NEW YORK NY 10036-7702
Tel: 1-888-3353122
IR: See website
Key People
Jay Scott Sugarman
Chairman of the Board, Chief Executive Officer
Marcos Alvarado
President, Chief Investment Officer
Nina B. Matis
Vice Chairman
Andrew C. Richardson
President - Land and Development, And Chief Financial Officer
Douglas B. Heitner
Chief Legal Officer
Business Overview
iStar Inc. finances, invests in and develops real estate and real estate related projects as part of its integrated investment platform. The Company's four business segments are Real Estate Finance, Net Lease, Operating Properties, and Land and Development. The Real Estate Finance portfolio consists of senior and mezzanine real estate loans that may be either fixed-rate or variable-rate. The Net Lease portfolio consists of properties owned by the Company and leased to single tenants, where the properties are subject to long-term leases. The Operating Properties portfolio consists of commercial and residential properties, which represent a pool of assets across a range of geographies and property types. The Land and Development portfolio consists of land entitled for master planned communities, as well as waterfront and urban infill land parcels located throughout the United States. Its Land and Development projects include Great Oaks, Sage Scottsdale, Naples Reserve and Coney Island.
Financial Overview
For the nine months ended 30 September 2019, istar Inc revenues decreased 47% to $350.6M. Net income applicable to common stockholders increased from $50.7M to $337.8M. Revenues reflect Land and Development segment decrease of 77% to $86.7M, Operating property segment decrease of 68% to $45.8M, Real Estate Lending segment decrease of 22% to $62.1M. Net income reflects Net Lease segment income increase from $135.2M to $471.3M.
Employees: 166 as of Feb 22, 2019
Reporting Currency: U.S. Dollars
Enterprise value: $4,016M as of Sep 30, 2019
Annual revenue (TTM): $490.77M as of Sep 30, 2019
EBITDA (TTM): $183.19M as of Sep 30, 2019
Net annual income (TTM): $222.35M as of Sep 30, 2019
Free cash flow (TTM): -$538.06M as of Sep 30, 2019
Net Debt Last Fiscal Year: $3,057M as of Sep 30, 2019
Shares outstanding: 62,168,000 as of Sep 30, 2019
Index Membership: S&P 600 Small Cap
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization