OverviewSuggest Edit

iStar finances, invests in and develops real estate and real estate related projects as part of its investment platform. Structured as a real estate investment trust (“REIT”), the Company's portfolio is diversified by asset type, property type, geography and obligations, with a focus on larger assets located in major metropolitan markets.

TypePublic
Founded1993
HQNew York, US
Websiteistar.com
Employee Ratings4.3

Latest Updates

Employees (est.) (Feb 2020)155(-1%)
Job Openings2
Revenue (FY, 2019)$479.5 M(-39%)
Share Price (Sept 2020)$11.5 (-3%)
Cybersecurity ratingBMore

Key People/Management at iStar

Jay Sugarman

Jay Sugarman

Chairman & Chief Executive Officer
Nina Matis

Nina Matis

Vice Chairman, Chief Legal Officer
Marcos Alvarado

Marcos Alvarado

President & Chief Investment Officer
S. Curtis

S. Curtis

Executive Vice President, Credit
Robin Josephs

Robin Josephs

Lead Director
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iStar Office Locations

iStar has offices in New York, Alpharetta, Chicago, Dallas and in 5 other locations
New York, US (HQ)
17, 1114 6th Ave
Alpharetta, US
3480 Preston Ridge Rd #575
Chicago, US
525 W Monroe St #1900
Dallas, US
13727 Noel Rd #150
Glastonbury, US
180 Glastonbury Blvd #201
Honolulu, US
1777 Ala Moana Blvd
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iStar Financials and Metrics

iStar Revenue

iStar's revenue was reported to be $479.50 m in FY, 2019
USD

Revenue (Q2, 2020)

46.8m

Market capitalization (23-Sept-2020)

835.1m

Closing stock price (23-Sept-2020)

11.5

Cash (30-Jun-2020)

80.7m

EV

4.0b
iStar's current market capitalization is $835.1 m.
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

432.8m400.5m390.8m462.0m514.6m477.0m679.2m798.1m479.5m

Revenue growth, %

18%11%(7%)

Cost of goods sold

18.4m169.1m

Gross profit

414.4m231.4m
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Revenue

129.5m97.4m94.7m96.7m86.2m94.5m100.3m95.8m108.7m129.8m113.5m112.9m109.2m120.5m114.6m126.9m128.7m113.6m347.9m119.9m364.2m171.6m122.1m106.8m98.5m145.3m173.5m46.8m

Cost of goods sold

4.7m5.0m3.2m5.0m5.5m43.5m37.2m39.1m

Gross profit

124.8m92.3m91.5m91.8m80.7m51.0m63.1m56.7m

Gross profit Margin, %

96%95%97%95%94%54%63%59%
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Cash

356.8m256.3m513.6m472.1m711.1m328.7m657.7m931.8m307.2m

Accounts Receivable

17.3m11.5m

Inventories

Total Assets

7.5b6.2b5.6b5.5b5.6b4.8b4.7b5.0b5.1b
USDQ2, 2011

Financial Leverage

4.8 x
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iStar Cybersecurity Score

Cybersecurity ratingPremium dataset

B

86/100

SecurityScorecard logo

iStar Online and Social Media Presence

Embed Graph

iStar News and Updates

iStar Pricing $400 Million of Senior Unsecured Notes

NEW YORK, Aug. 18, 2020 /PRNewswire/ -- iStar (NYSE: STAR) (the "Company") announced today that it has agreed to sell at par $400 million aggregate principal amount of its 5.50% Senior Unsecured Notes due 2026. The closing of the offering of the senior unsecured notes is expected to occur...

iStar Reports Second Quarter 2020 Results and Adds Additional Board Member

NEW YORK, Aug. 6, 2020 /PRNewswire/ -- iStar Inc. (NYSE: STAR) today reported results for the second quarter ended June 30, 2020. Highlights include: Growing intrinsic value of Safehold portfolio as interest rates decline Continued recycling of legacy assets into lower risk investments...

iStar Reports Fiscal Year and Fourth Quarter 2019 Results

NEW YORK, Feb. 24, 2020 /PRNewswire/ -- iStar Inc. (NYSE: STAR) today reported results for the fiscal year and fourth quarter ended December 31, 2019. iStar highlights include: Net income (loss) per diluted common share of $3.73 and ($0.71) for the twelve months and three months ended...

iStar Appoints Anita Sands to Join Board of Directors

NEW YORK, Feb. 24, 2020 /PRNewswire/ -- iStar Inc. (NYSE: STAR) announced today the Board of Directors has appointed Anita Sands as a new director, effective immediately. "We are excited to welcome Anita to our Board of Directors. She brings a fresh and diverse perspective to the Board,...

iStar and Safehold Announce Extension of Agreements

NEW YORK, Jan. 15, 2020 /PRNewswire/ -- iStar Inc. (NYSE: STAR) and Safehold Inc. (NYSE: SAFE) announced that they have agreed to extend the terms of certain agreements between the two companies. In particular: (i) the initial term of the parties' management agreement has been extended...

iStar Announces Completion of Conversions and Redemption of 4.5% Series J Convertible Preferred Stock

NEW YORK, Dec. 23, 2019 /PRNewswire/ -- iStar Inc. (NYSE: STAR) announced today that it has completed its previously announced redemption of all of the issued and outstanding shares of its 4.5% Series J Cumulative Redeemable Preferred Stock (the "Series J Shares") that did not convert...
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iStar Frequently Asked Questions

  • When was iStar founded?

    iStar was founded in 1993.

  • Who are iStar key executives?

    iStar's key executives are Jay Sugarman, Nina Matis and Marcos Alvarado.

  • How many employees does iStar have?

    iStar has 155 employees.

  • What is iStar revenue?

    Latest iStar annual revenue is $479.5 m.

  • What is iStar revenue per employee?

    Latest iStar revenue per employee is $3.1 m.

  • Who are iStar competitors?

    Competitors of iStar include Piedmont Office Realty Trust, Parkway Properties and CBRE.

  • Where is iStar headquarters?

    iStar headquarters is located at 17, 1114 6th Ave, New York.

  • Where are iStar offices?

    iStar has offices in New York, Alpharetta, Chicago, Dallas and in 5 other locations.

  • How many offices does iStar have?

    iStar has 9 offices.