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: N/A
IR: See website
Key People
Jay Scott Sugarman
Chairman of the Board, Chief Executive Officer
Marcos Alvarado
President, Chief Investment Officer
Jeremy Fox-Geen
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 three months ended 31 March 2020, istar Inc revenues increased 62% to $173.5M. Net loss applicable to common stockholders increased 22% to $21.5M. Revenues reflect Land and Development segment increase from $16.5M to $81.5M, Net Lease segment increase of 24% to $74.5M, Corporate/Other segment increase from $3.6M to $11.2M. Higher net loss reflects Operating property segment loss totaling $4.4M vs. income of $4M.
Employees: 155 as of Feb 21, 2020
Reporting Currency: U.S. Dollars
Enterprise value: $4,372M as of Mar 31, 2020
Annual revenue (TTM): $546.16M as of Mar 31, 2020
EBITDA (TTM): $148.56M as of Mar 31, 2020
Net annual income (TTM): $287.66M as of Mar 31, 2020
Free cash flow (TTM): -$341.44M as of Mar 31, 2020
Net Debt Last Fiscal Year: $3,361M as of Mar 31, 2020
Shares outstanding: 76,494,506 as of Apr 28, 2020
Index Membership: S&P 600 Small Cap
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization