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 Ratings4.1

Latest Updates

Employees (est.) (Mar 2019)156(-6%)
Revenue (FY, 2018)$798.1 M(+18%)
Share Price (Jun 2019)$11.7

Key People/Management at iStar

Marcos Alvarado

Marcos Alvarado

Chief Investment Officer
Nina Matis

Nina Matis

Vice Chairman, Chief Legal Officer
Elisha Blechner

Elisha Blechner

EVP, Head of Portfolio Management
Jay Sugarman

Jay Sugarman

CEO, Chairman
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iStar Office Locations

iStar has offices in New York, Newport Beach, Los Angeles, Honolulu 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
Show all (9)

iStar Financials and Metrics

iStar Revenue

iStar's revenue was reported to be $798.12 m in FY, 2018
USD

Revenue (Q1, 2019)

106.8m

Net income (Q1, 2019)

(7.0m)

Market capitalization (10-Jun-2019)

756.9m

Closing stock price (10-Jun-2019)

11.7

Cash (31-Mar-2019)

315.4m
iStar's current market capitalization is $756.9 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

390.8m462.0m514.6m477.0m679.2m798.1m

Revenue growth, %

18%11%(7%)

General and administrative expense

92.1m81.3m84.0m98.9m92.1m

Operating expense total

613.2m638.8m568.0m718.6m994.1m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019

Revenue

95.8m108.7m129.8m113.5m112.9m109.2m120.5m114.6m126.9m128.7m113.6m347.9m119.9m364.2m171.6m122.1m106.8m

General and administrative expense

24.3m19.8m26.6m23.4m20.8m20.6m21.2m23.1m19.7m19.7m25.2m27.2m21.0m28.8m23.2m21.6m21.1m

Operating expense total

142.6m141.9m151.3m155.1m146.8m155.2m154.4m143.0m149.8m139.7m142.4m272.3m146.0m349.1m226.3m134.7m128.0m

Depreciation and amortization

19.0m18.6m18.8m17.7m15.5m15.8m14.7m14.5m13.0m13.1m13.2m11.8m11.1m10.8m20.0m15.7m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

513.6m472.1m711.1m328.7m657.7m931.8m

Accounts Receivable

Inventories

Total Assets

5.6b5.5b5.6b4.8b4.7b5.0b
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019

Cash

735.5m409.6m356.5m652.8m625.4m637.1m656.7m591.2m521.4m547.5m897.5m954.3m1.9b366.7m1.0b757.4m315.4m

Total Assets

5.8b5.5b5.5b5.5b5.7b5.7b5.6b5.5b5.2b5.2b5.3b4.9b5.8b4.5b5.4b5.1b4.7b

Total Liabilities

4.4b4.2b4.2b4.2b4.4b4.5b4.5b4.5b4.2b4.2b4.3b3.7b4.9b3.4b4.1b3.9b3.7b

Preferred Stock

22.0k22.0k22.0k22.0k22.0k22.0k22.0k22.0k22.0k22.0k22.0k22.0k12.0k12.0k12.0k12.0k12.0k
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

(111.2m)15.8m(6.2m)100.2m

Depreciation and Amortization

71.3m73.6m65.2m54.3m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2019

Net Income

(65.2m)(14.2m)(17.8m)17.7m(12.3m)(32.1m)(26.1m)(9.3m)50.5m108.6m(15.4m)180.6m176.9m(7.0m)

Depreciation and Amortization

53.9m18.6m37.4m55.2m18.5m34.0m49.8m14.7m29.2m42.2m13.1m26.4m38.2m15.7m

Cash From Operating Activities

(63.8m)(87.0m)(16.8m)(1.1m)(15.8m)(37.5m)(46.5m)
USDY, 2019

Revenue/Employee

663.4k

Financial Leverage

4.6 x
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iStar Online and Social Media Presence

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iStar News and Updates

iStar Launches Offering of $675 Million of Senior Unsecured Notes

NEW YORK, Sept. 11, 2019 /PRNewswire/ -- iStar (NYSE: STAR) announced today that it has launched an offering, subject to market and other conditions, of $675 million aggregate principal amount of Senior Unsecured Notes due 2024. The Company intends to use the net proceeds of the offering...

iStar Declares Quarterly Common and Preferred Stock Dividends

NEW YORK, Aug. 2, 2019 /PRNewswire/ -- iStar Inc. (NYSE: STAR) announced today that the Company's Board of Directors has declared quarterly dividends on the Company's Common Stock and Preferred Stock for the third quarter of 2019. The common dividend is payable on August 30, 2019 to...

iStar Announces the Completion of the Sale of its Preferred Freezer Net Lease Assets

NEW YORK, July 1, 2019 /PRNewswire/ -- iStar Inc. (NYSE: STAR) announced that it has closed on the previously announced sale of its portfolio of seven cold storage properties leased to Preferred Freezer Services, LLC for a price of $442.5 million, including the assumption of $228 million...

iStar Sets Second Quarter 2019 Earnings Release Date and Webcast

NEW YORK, June 28, 2019 /PRNewswire/ -- iStar Inc. (NYSE: STAR) announced today that it will release its financial results for the second quarter 2019 on Thursday, August 1, 2019, prior to the opening of the market. The Company will host an earnings conference call reviewing these results ...

iStar to Present at Nareit's REITweek: 2019 Investor Conference

NEW YORK, June 3, 2019 /PRNewswire/ -- iStar Inc. (NYSE: STAR) announced today that Jay Sugarman, Chairman and Chief Executive Officer, will participate in a moderated discussion at Nareit's REITweek: 2019 Investor Conference in New York, NY on Tuesday, June 4, 2019 at 3:45 pm ET. iStar's ...

iStar Announces Adjustment of Conversion Rate for Convertible Securities

NEW YORK, May 31, 2019 /PRNewswire/ -- iStar Inc. (NYSE: STAR) announced today an adjustment to the conversion rates of its 3.125% Convertible Senior Notes due 2022 and its 4.50% Series J Cumulative Convertible Perpetual Preferred Stock as a result of the common stock cash dividends paid...
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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 Marcos Alvarado, Nina Matis and Elisha Blechner.

  • How many employees does iStar have?

    iStar has 156 employees.

  • What is iStar revenue?

    Latest iStar annual revenue is $798.1 m.

  • What is iStar revenue per employee?

    Latest iStar revenue per employee is $5.1 m.

  • Who are iStar competitors?

    Competitors of iStar include Piedmont Office Realty Trust, Kennedy Wilson Holdings and Paramount Group.

  • 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, Newport Beach, Los Angeles, Honolulu and in 5 other locations.

  • How many offices does iStar have?

    iStar has 9 offices.