NEW YORK, Dec. 21, 2015 /PRNewswire/ -- iStar (NYSE: STAR) announced today that its Board of Directors approved a new $50 million stock repurchase program. The Company has used substantially all of the availability under its previous $50 million stock repurchase program over the past three months.
The Company may repurchase its common stock from time to time in the open market, through privately negotiated transactions and through one or more trading plans.
* * Read More 11/23/2015
"Drive-in" Rooftop Movies, Rec Room in the Lobby: Not Your Parents' Beach Hotel
Design Virtuoso Anda Andrei, Hotel Innovator David Bowd Join Forces for The Asbury, Newest Jewel of Multi-Billion Dollar Redevelopment by iStar
ASBURY PARK, N.J., Nov. 23, 2015 /PRNewswire/ -- Asbury Park, where personality practically wafts off the ocean breeze, will soon have a hotel with character to match. A derelict Salvation Army building is being transformed into The Asbury, the shore town's first new hoRead More 11/16/2015
NEW YORK, Nov. 16, 2015 /PRNewswire/ -- iStar (STAR) announced today that the Company's Board of Directors has declared dividends on the Company's Series D, Series E, Series F, Series G, Series I and Series J Preferred Stock. For all six series of Preferred Stock, dividends are payable on December 15, 2015 to holders of record on December 1, 2015.
Series of Preferred Stock
Liquidation Preference
Dividend
Per Share
8.00% Series D Preferred Stock
$25.00
$0Read More 11/03/2015
Earnings ReleaseAdjusted income allocable to common shareholders was $28 million, or $0.25 per diluted common share.
Repurchased 3.2 million shares, net, of common stock and common stock equivalents for $30 million in cash; authorization for additional repurchases increased to $50 million.
NEW YORK, Nov. 3, 2015 /PRNewswire/ -- iStar (NYSE: STAR) today reported results for the third quarter ended September 30, 2015.
Third Quarter 2015 Results
iStar reported adjusted income allocRead More 10/13/2015
NEW YORK, Oct. 13, 2015 /PRNewswire/ -- iStar (NYSE: STAR) announced today that it will release its financial results for the third quarter of 2015 on Tuesday, November 3, 2015, prior to the opening of the market.
The Company will host an earnings conference call reviewing these results and its operations beginning at 10:00 a.m. ET. This conference call will be broadcast live over the internet and can be accessed by all interested parties through iStar's website, www.istar.com, in the "InvestRead More 09/21/2015
NEW YORK, Sept. 21, 2015 /PRNewswire/ -- iStar (NYSE: STAR) announced today that its Board of Directors approved an increase in the Company's stock repurchase program to $50.0 million. The Company's stock repurchase program had remaining availability of $28.5 million at June 30, 2015. In recent weeks, the Company repurchased $18.5 million of common stock, leaving approximately $10.0 million of remaining availability prior to today's Board action.
The Company may repurchase its common stock frRead More 08/19/2015
- Real Estate Investment Leader iStar Is Engine of Asbury Park Revival
- iStar Taps Design Guru Anda Andrei as Creative Lead
- iStar Partners with Hotel Innovator David Bowd to Launch First New Hotel in Asbury Park in 30 Years
ASBURY PARK, N.J., Aug. 19, 2015 /PRNewswire/ -- After a colorful history and a checkered past, Asbury Park, NJ is finally looking at a brilliant future.
Experience the interactive Multimedia News Release here: http://www.multivu.com/players/English/7578751-Read More 08/17/2015
NEW YORK, Nov. 16, 2015 /PRNewswire/ -- iStar (STAR) announced today that the Company's Board of Directors has declared dividends on the Company's Series D, Series E, Series F, Series G, Series I and Series J Preferred Stock. For all six series of Preferred Stock, dividends are payable on December 15, 2015 to holders of record on December 1, 2015.
Series of Preferred Stock
Liquidation Preference
Dividend
Per Share
8.00% Series D Preferred Stock
$25.00
$0Read More 08/13/2015
NEW YORK, Aug. 13, 2015 /PRNewswire/ -- iStar (NYSE: STAR) announced today that the Company's name will formally change to iStar Inc. from iStar Financial Inc. on August 19, 2015. The change was first announced at the Company's investor presentation in June and reflects the Company's broader investment focus and real estate capabilities.
The Company's common and preferred stock will continue to trade on the New York Stock Exchange under the same symbols, and the CUSIP numbers for its securitRead More 08/04/2015
Earnings
Release- Adjusted income allocable to common shareholders was $10 million, or $0.11 per diluted common share.
- Originated $255 million of new investments.
- Company has commenced tender offer for all outstanding 2002, 2003 and 2004 high performance units (HPUs) covering approximately 2.8 million underlying common stock equivalents.
NEW YORK, Aug. 4, 2015 /PRNewswire/ -- iStar (NYSE: STAR) today reported results for the second quarter ended June 30, 2015.
SeconRead More 07/17/2015
NEW YORK, July 17, 2015 /PRNewswire/ -- iStar (NYSE: STAR) announced today that it will release its financial results for the second quarter of 2015 on Tuesday, August 4, 2015, prior to the opening of the market.
The Company will host an earnings conference call reviewing these results and its operations beginning at 10:00 a.m. ET. This conference call will be broadcast live over the internet and can be accessed by all interested parties through iStar's website, www.istar.com, in the "InvestoRead More 06/22/2015
NEW YORK, June 22, 2015 /PRNewswire/ -- iStar (NYSE: STAR) announced today that it has launched a redesigned corporate website at its new domain, www.istar.com. The new website was built to offer users a simple interface to access Company information. Users can learn more about iStar's uncommon platform and strategy and read specific case studies of representative investments.
In addition, the Company launched a new website which spotlights its Land & Development business at www.istarlanRead More 05/16/2015
NEW YORK, May 16, 2015 /PRNewswire/ -- iStar Financial Inc. (NYSE: STAR) was advised yesterday by the firm responsible for distributing materials for the Company's upcoming annual meeting that the firm inadvertently omitted to mail annual meeting materials to holders of the Company's 8% Series D Cumulative Redeemable Preferred Stock. As a result, the Company announced today that it will postpone its annual meeting, originally scheduled for May 20, 2015, in order to give the Series D preferred stRead More 05/15/2015
NEW YORK, May 15, 2015 /PRNewswire/ -- iStar Financial Inc. (NYSE: STAR) announced today that the Company's Board of Directors has declared dividends on the Company's Series D, Series E, Series F, Series G, Series I and Series J Preferred Stock. For all six series of Preferred Stock, dividends are payable on June 15, 2015 to holders of record on June 1, 2015.
Series of Preferred Stock
Liquidation
Preference
Dividend
Per Share
8.00% Series D PreferrRead More 05/14/2015
NEW YORK, May 14, 2015 /PRNewswire/ -- iStar Financial Inc. (NYSE: STAR) will host an investor meeting on Wednesday, June 10, 2015 at 9:30 a.m. local time in New York City. It will take place at the Warwick Hotel, located at 65 W. 54th Street, across the street from REITWeek: NAREIT's Investor Forum.
The event will include a presentation by iStar's chairman and chief executive officer, Jay Sugarman, and is open to all investors to attend. However, given limited capacity, the Company is rRead More 04/29/2015
Earnings Report- Adjusted income allocable to common shareholders grew to $9 million, versus a $(6) million loss for the first quarter of 2014.
- Originated $274 million of new investments.
- Closed on a new $250 million revolving credit facility.
- iStar to host an investor presentation on June 10th during NAREIT's REITWeek 2015.
NEW YORK, April 29, 2015 /PRNewswire/ -- iStar Financial Inc. (NYSE: STAR) today reported results for the first quarter ended March 31, 2015Read More 04/16/2015
NEW YORK, April 16, 2015 /PRNewswire/ -- iStar Financial Inc. (NYSE: STAR) announced today that it will release its financial results for the first quarter of 2015 on Wednesday, April 29, 2015, prior to the opening of the market.
The Company will host an earnings conference call reviewing these results and its operations beginning at 10:00 a.m. ET. This conference call will be broadcast live over the Internet and can be accessed by all interested parties through iStar Financial's website, wwwRead More 02/19/2015
Earnings Report
- Full year adjusted income allocable to common shareholders grew to $94 million from a $(22) million loss for 2013.
- Quarterly adjusted income allocable to common shareholders was $13 million, versus a $(19) million loss for the fourth quarter of 2013.
- Originated $456 million of investments during the fourth quarter, bringing total new originations for the year to $1.3 billion.
NEW YORK, Feb. 19, 2015 /PRNewswire/ -- iStar Financial Inc. (NYSE: STAR) todayRead More 02/17/2015
NEW YORK, Feb. 17, 2015 /PRNewswire/ -- iStar Financial Inc. (NYSE: STAR) announced today that the Company's Board of Directors has declared dividends on the Company's Series D, Series E, Series F, Series G, Series I and Series J Preferred Stock. For all six series of Preferred Stock, dividends are payable on March 16, 2015 to holders of record on March 2, 2015.
Series of Preferred Stock
Liquidation
Preference
Dividend
Per Share
8.00% Series D Read More 02/02/2015
NEW YORK, Feb. 2, 2015 /PRNewswire/ -- iStar Financial Inc. (NYSE: STAR) announced today the tax treatment of its 2014 preferred stock dividends.
Series of
Preferred Stock
Ticker
Symbol
CUSIP
Liquidation
Preference
Distributions
Return of
Capital
8.00% Series D
STAR prD
45031U-408
$25.00
$2.00
100%
7.875% Series E
STAR prE
45031U-507
$25.00
$1.968752
100%
Read More 01/29/2015
NEW YORK, Jan. 29, 2015 /PRNewswire/ -- iStar Financial Inc. (NYSE: STAR) announced today that it will release its financial results for the fourth quarter and fiscal year of 2014 on Thursday, February 19, 2015, prior to the opening of the market.
The Company will host an earnings conference call reviewing these results and its operations beginning at 10:00 a.m. ET. This conference call will be broadcast live over the Internet and can be accessed by all interested parties through iStar FinancRead More
NEW YORK, Nov. 17, 2014 /PRNewswire/ -- iStar Financial Inc. (NYSE: STAR) announced today that the Company's Board of Directors has declared dividends on the Company's Series D, Series E, Series F, Series G, Series I and Series J Preferred Stock. For all six series of Preferred Stock, dividends are payable on December 15, 2014 to holders of record on December 1, 2014.
Series of Preferred Stock
Liquidation
Preference
Dividend
Per Share
8.00% Series D PRead More 10/28/2014
Earnings Report
- Adjusted income allocable to common shareholders grew to $58 million, versus a $(7) million loss for the third quarter of 2013.
- Net income allocable to common shareholders was $22 million, versus a $(31) million loss for the third quarter of 2013.
- Funded $206 million of investments during the quarter.
NEW YORK, Oct. 28, 2014 /PRNewswire/ -- iStar Financial Inc. (NYSE: STAR) today reported results for the third quarter ended September 30, 2014.
ThirRead More 10/15/2014
NEW YORK, Oct. 15, 2014 /PRNewswire/ -- iStar Financial Inc. (NYSE: STAR) announced today that it will release its financial results for the third quarter of 2014 on Tuesday, October 28, 2014, prior to the opening of the market.
The Company will host an earnings conference call reviewing these results and its operations beginning at 10:00 a.m. ET. This conference call will be broadcast live over the Internet and can be accessed by all interested parties through iStar Financial's website, www.Read More 08/15/2014
NEW YORK, Aug. 15, 2014 /PRNewswire/ -- iStar Financial Inc. (NYSE: STAR) announced today that the Company's Board of Directors has declared dividends on the Company's Series D, Series E, Series F, Series G, Series I and Series J Preferred Stock. For all six series of Preferred Stock, dividends are payable on September 15, 2014 to holders of record on September 2, 2014.
Series of Preferred Stock
Liquidation
Preference
Dividend
Per Share
8.00% Series DRead More 07/29/2014
Earnings Report
- Adjusted income grew to $28.9 million, or $0.34 per diluted common share.
- Refinanced $1.3 billion of secured debt with longer term unsecured bonds, unencumbering $2.0 billion of high quality assets and enhancing the Company's liquidity profile.
- Funded $167 million of investments during the quarter.
NEW YORK, July 29, 2014 /PRNewswire/ -- iStar Financial Inc. (NYSE: STAR) today reported results for the second quarter ended June 30, 2014.
Second QuRead More 07/10/2014
NEW YORK, July 10, 2014 /PRNewswire/ -- iStar Financial Inc. (NYSE: STAR) announced today that it will release its financial results for the second quarter of 2014 on Tuesday, July 29, 2014, prior to the opening of the market.
The Company will host an earnings conference call reviewing these results and its operations beginning at 10:00 a.m. ET. This conference call will be broadcast live over the Internet and can be accessed by all interested parties through iStar Financial's website, www.isRead More 06/10/2014
NEW YORK, June 10, 2014 /PRNewswire/ -- iStar Financial Inc. (NYSE: STAR) announced today that it has agreed to sell at par $550 million aggregate principal amount of its unsecured 4.00% Senior Notes due November 2017 and $770 million aggregate principal amount of its unsecured 5.00% Senior Notes due July 2019. The Company intends to use the net proceeds of the offering, together with cash on hand, to repay in full all amounts outstanding under, and terminate, its 2013 Secured Credit Facility duRead More 06/09/2014
NEW YORK, June 9, 2014 /PRNewswire/ -- iStar Financial Inc. (NYSE: STAR) announced today that it has launched an offering, subject to market and other conditions, of $1.32 billion aggregate principal amount of unsecured Senior Notes due 2017 and 2019. The Company intends to use the net proceeds of the offering, along with available cash on hand, to repay in full all amounts outstanding under, and terminate, its 2013 Secured Credit Facility due 2017.
BofA Merrill Lynch, Barclays and J.P. MorgaRead More 05/15/2014
NEW YORK, May 15, 2014 /PRNewswire/ -- iStar Financial Inc. (NYSE: STAR) announced today that the Company's Board of Directors has declared dividends on the Company's Series D, Series E, Series F, Series G, Series I and Series J Preferred Stock. For all six series of Preferred Stock, dividends are payable on June 16, 2014 to holders of record on June 2, 2014.
Series of Preferred Stock
Liquidation
Preference
Dividend
Per Share
8.00% Series D PreferredRead More 04/29/2014
Earnings Report-- Adjusted income (loss) allocable to common shareholders for the first quarter 2014 was $(5.5) million, or $(0.07) per diluted common share.
-- Funded $229 million of investments during the quarter.
-- Achieved key milestones on certain land projects in Los Angeles, New York and Florida.
NEW YORK, April 29, 2014 /PRNewswire/ -- iStar Financial Inc. (NYSE: STAR) today reported results for the first quarter ended March 31, 2014.
First Quarter 2014 Results
Read More 04/10/2014
NEW YORK, April 10, 2014 /PRNewswire/ -- iStar Financial Inc. (NYSE: STAR) announced today that it will release its financial results for the first quarter of 2014 on Tuesday, April 29, 2014, prior to the opening of the market.
The Company will host an earnings conference call reviewing these results and its operations beginning at 10:00 a.m. ET. This conference call will be broadcast live over the Internet and can be accessed by all interested parties through iStar Financial's website, www.iRead More 02/20/2014
Earnings Report
Company Forms New Net Lease Joint Venture
-- Adjusted income (loss) allocable to common shareholders was $(19) million for the fourth quarter 2013, compared to $(23) million for the fourth quarter 2012.
-- Early in 2014, iStar entered into a $500 million venture with a sovereign wealth fund that will seek to acquire up to $1.25 billion of net lease assets.
-- During the fourth quarter and through January, iStar closed $570 million of new investment commitments.
NEWRead More 02/14/2014
NEW YORK, Feb. 14, 2014 /PRNewswire/ -- iStar Financial Inc. (NYSE: STAR) announced today that the Company's Board of Directors has declared dividends on the Company's Series D, Series E, Series F, Series G, Series I and Series J Preferred Stock. For all six series of Preferred Stock, dividends are payable on March 17, 2014 to holders of record on March 3, 2014.
Series of Preferred Stock
Liquidation Preference
Dividend
Per Share
8.00% Series D PreferredRead More 02/07/2014
NEW YORK, Feb. 7, 2014 /PRNewswire/ -- iStar Financial Inc. (NYSE: STAR) announced today that it will release its financial results for the fourth quarter and fiscal year of 2013 on Thursday, February 20, 2014, prior to the opening of the market.
The Company will host an earnings conference call reviewing these results and its operations beginning at 10:00 a.m. ET. This conference call will be broadcast live over the Internet and can be accessed by all interested parties through iStar FinanciRead More 01/30/2014
NEW YORK, Jan. 30, 2014 /PRNewswire/ -- iStar Financial Inc. (NYSE: STAR) announced today the tax treatment of its 2013 preferred stock dividends.
Series of
Preferred Stock
Ticker
Symbol
CUSIP
Liquidation
Preference
Distributions
Return of
Capital
8.00% Series D
STAR prD
45031U-408
$25.00
$2.00
100%
7.875% Series E
STAR prE
45031U-507
$25.00
$1.968752
100%
Read More
NEW YORK, Dec. 19, 2013 /PRNewswire/ -- iStar Financial Inc. (NYSE: STAR) announced today that listed shares of its common and preferred stock will commence trading on the New York Stock Exchange under the new symbol "STAR" beginning this morning.
Listed Shares of Stock
New Ticker
Common Stock
STAR
8.00% Series D Preferred Stock
STAR prD
7.875% Series E Preferred Stock
STAR prE
7.80% Series F Preferred Stock
STAR prF
7.65% Series G Read More 12/09/2013
NEW YORK, Dec. 9, 2013 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) announced today that beginning December 19, 2013, listed shares of its common and preferred stock will begin trading on the New York Stock Exchange under the new symbol "STAR".
Listed Shares of Stock
New
Ticker
Common Stock
STAR
8.00% Series D Preferred Stock
STAR prD
7.875% Series E Preferred Stock
STAR prE
7.80% Series FRead More 12/09/2013
ATLANTA, Dec. 9, 2013 (GLOBE NEWSWIRE) -- iStar Residential, a division of iStar Financial Inc. (NYSE:SFI), announced today it has hired an all-new sales team, led by the top-selling high-rise agent in Atlanta, for The Residences at Mandarin Oriental, Atlanta. Karen Rodriguez of Dorsey Alston Realtors will lead the revamped sales efforts. She brings 11 years of experience in the Buckhead luxury high-rise market to the exclusive, world-class property.
The addition of Rodriguez is part of an eRead More 11/18/2013
Signs Development Deal with K. Hovnanian® Homes®
ASBURY PARK, N.J., Nov. 18, 2013 /PRNewswire/ -- iStar Residential announced today that it has signed an agreement with K. Hovnanian® Homes® to build luxury townhomes at the intersection of Grand Avenue and Monroe Avenue in Asbury Park. This development project, when approved by the City, marks the first time a national homebuilder will be entering the Asbury Park market since 1984, when the waterfront was originally designated as a redevelopmenRead More 11/15/2013
NEW YORK, Nov. 15, 2013 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) announced today that the Company's Board of Directors has declared dividends on the Company's Series D, Series E, Series F, Series G, Series I and Series J Preferred Stock. For all six series of Preferred Stock, dividends are payable on December 16, 2013 to holders of record on December 2, 2013.
Liquidation
Dividend
Series of Preferred Stock
Read More 11/13/2013
NEW YORK, Nov. 13, 2013 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) announced today that it has agreed to sell $175 million aggregate principal amount of 1.50% Convertible Senior Notes due November 15, 2016. The Company has also granted the initial purchasers a 30-day option to purchase up to an additional $25 million aggregate principal amount of the notes on the same terms and conditions. The Company intends to use the net proceeds of the offering, along with available cash on hand, to rRead More 11/13/2013
NEW YORK, Nov. 13, 2013 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) announced today that it has launched a private offering, subject to market and other conditions, of $175 million of Convertible Senior Notes due November 15, 2016, plus up to an additional $25 million of Convertible Senior Notes if the initial purchasers exercise their option to purchase additional notes in full. The Company intends to use the net proceeds of the offering, along with available cash on hand, to redeem its $2Read More 10/29/2013
Earnings Report
-- Adjusted income (loss) per diluted common share was ($0.09) for the third quarter 2013 versus ($0.31) per diluted common share for the third quarter 2012.
-- iStar funds $116 million of investments during the third quarter.
- iStar enters into letters of intent for $412 million of new investments.
NEW YORK, Oct. 29, 2013 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) today reported results for the third quarter ended September 30, 2013.
Third Quarter 2013 ResultsRead More 10/23/2013
Morningstar Ranking of iStar Asset Services
NEW YORK, Oct. 23, 2013 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) announced today that Morningstar Credit Ratings, LLC has assigned iStar Asset Services, Inc. its highest ranking for commercial mortgage primary servicers of 'MOR CS1,' and its second highest ranking for commercial mortgage special servicers of 'MOR CS2.'
iStar Asset Services is iStar Financial's wholly owned loan servicing subsidiary. The full report is available on iStarRead More 10/14/2013
NEW YORK, Oct. 14, 2013 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) announced today that it will release its financial results for the third quarter of 2013 on Tuesday, October 29, 2013, prior to the opening of the market.
The Company will host an earnings conference call reviewing these results and its operations beginning at 10:00 a.m. ET. This conference call will be broadcast live over the Internet and can be accessed by all interested parties through iStar Financial's website, www.iRead More 09/25/2013
NEW YORK, Sept. 25, 2013 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) announced today that its Board of Directors approved an increase of the Company's stock repurchase program. The authorization raises the repurchase limit to $50 million from the $16 million remaining under the previously approved plan. The Company may repurchase its common stock from time to time in the open market, through privately negotiated transactions and may also make purchases through a 10b5-1 trading plan.
* Read More 08/15/2013
NEW YORK, Aug. 15, 2013 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) announced today that the Company's Board of Directors has declared dividends on the Company's Series D, Series E, Series F, Series G, Series I and Series J Preferred Stock. For all six series of Preferred Stock, dividends are payable on September 16, 2013 to holders of record on September 3, 2013.
Series of Preferred Stock
Liquidation
Preference
Dividend
Read More 07/25/2013
Earnings Report
-- Adjusted income allocable to common shareholders for the second quarter 2013 was $4 million.
-- Company's investment commitment and fundings for the quarter total $190 million.
-- Ended quarter with over $700 million of cash available for future investments.
NEW YORK, July 25, 2013 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) today reported results for the second quarter ended June 30, 2013.
Second Quarter 2013 Results
iStar reported adjusted income (loss)Read More 07/17/2013
NEW YORK, July 17, 2013 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) announced today that it will release its financial results for the second quarter of 2013 on Thursday, July 25, 2013, prior to the opening of the market.
The Company will host an earnings conference call reviewing these results and its operations beginning at 10:00 a.m. ET. This conference call will be broadcast live over the Internet and can be accessed by all interested parties through iStar Financial's website, www.isRead More 07/09/2013
Final 14 Units Sell Out Within 24 Hours of Being Released
NEW YORK, July 9, 2013 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) announced today its luxury townhome community, VIVE, sold out its entire inventory of homes in phase 2 of the project within one day of their release on July 8, 2013. This record demand from buyers is similar to the response that VIVE's first phase of homes experienced, also selling out the first day they were made available.
Base prices in the second phase raRead More 07/08/2013
NEW YORK, July 8, 2013 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) announced today that it has agreed to provide up to $146 million of preferred equity to Landmark Apartment Trust of America ("LATA"), a non-traded, public multifamily real estate investment trust.
(Logo: http://photos.prnewswire.com/prnh/20130708/NY43293LOGO )
LATA owns 39 apartment communities comprised of over 10,000 units located throughout the Southeast and Texas. LATA expects to use the proceeds to acquire additiRead More 05/28/2013
NEW YORK, May 28, 2013 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) will participate in a moderated discussion at REITWeek 2013: NAREIT's Investor Forum on Wednesday, June 5, 2013 at the Hilton Chicago in Chicago, IL. The presentation is scheduled to begin at 11:00 a.m. central time (12:00 p.m eastern time).
iStar Financial's participation will be broadcast live over the Internet and can be accessed through the Company's website, www.istarfinancial.com. To listen, please go to the websiteRead More 05/15/2013
NEW YORK, May 15, 2013 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) announced today that the Company's Board of Directors has declared dividends on the Company's Series D, Series E, Series F, Series G, Series I and Series J Preferred Stock. For all six series of Preferred Stock, dividends are payable on June 17, 2013 to holders of record on June 1, 2013.
Series of Preferred Stock
Liquidation
Preference
Dividend
Per Share
8.00% Series D PreferrRead More 05/07/2013
NEW YORK, May 7, 2013 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) announced today that it has launched an offering, subject to market and other conditions, of $250 million of unsecured Senior Notes due July 2016. The Company intends to use the net proceeds of the offering to redeem its $97 million aggregate principal amount of 8.625% unsecured Senior Notes due June 2013 and the remainder of the net proceeds to redeem a portion of its 5.95% unsecured Senior Notes due October 2013.
BofARead More 05/07/2013
NEW YORK, May 7, 2013 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) announced today that it has agreed to sell at par $265 million aggregate principal amount of unsecured 3.875% Senior Notes due July 2016. Based on investor demand, the Company also agreed to sell at par $300 million aggregate principal amount of unsecured 4.875% Senior Notes due July 2018. The Company will use the net proceeds of the offerings to pay the remaining $97 million aggregate principal amount outstanding of its 8.Read More 04/30/2013
Earnings Report
-- Adjusted income (loss) allocable to common shareholders for the first quarter 2013 was ($0.3) million.
-- Net income (loss) allocable to common shareholders for the first quarter 2013 was ($41.3) million.
-- Company's current cash balance exceeds $700 million.
-- Non-performing loan balance reduced by approximately 30% during quarter.
NEW YORK, April 30, 2013 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) today reported results for the first quarter ended March Read More 04/22/2013
NEW YORK, April 22, 2013 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) announced today that it has completed the sale of its 24% equity interest in LNR Property LLC ("LNR") and received $220 million in net proceeds. The sale was part of a larger transaction whereby the Company and LNR's other co-owners sold 100% of LNR to Starwood Property Trust Inc. and investment firm Starwood Capital Group for an aggregate purchase price of $1.05 billion.
The Company said that it intends to utilize the Read More 04/11/2013
NEW YORK, April 11, 2013 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) announced today that it will release its financial results for the first quarter of 2013 on Tuesday, April 30, 2013, prior to the opening of the market.
The Company will host an earnings conference call reviewing these results and its operations beginning at 10:00 a.m. ET. This conference call will be broadcast live over the Internet and can be accessed by all interested parties through iStar Financial's website, www.isRead More 03/12/2013
NEW YORK, March 12, 2013 /PRNewswire via COMTEX/ --iStar Financial Inc. (NYSE: SFI) announced today that it has launched an offering, subject to market and other conditions, of 3,000,000 shares, or $150 million aggregate liquidation preference, of its Series J Cumulative Convertible Perpetual Preferred Stock ("Series J Convertible Preferred Stock"). The underwriters have the option to purchase up to 450,000 additional shares, or $22.5 million aggregate liquidation preference, of Series J ConveRead More 03/12/2013
NEW YORK, March 12, 2013 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) announced today that it has priced an offering of 3,500,000 shares, or $175 million aggregate liquidation preference, of its 4.5% Series J Cumulative Convertible Perpetual Preferred Stock ("Series J Convertible Preferred Stock"). The underwriters have the option to purchase up to 500,000 additional shares, or $25 million aggregate liquidation preference, of Series J Convertible Preferred Stock. The Company intends to useRead More 02/26/2013
Earnings Report
-- Adjusted income (loss) allocable to common shareholders for the fourth quarter and fiscal year 2012 was ($23) million and ($54) million, respectively.
-- Net income (loss) allocable to common shareholders for the fourth quarter and fiscal year 2012 was ($87) million and ($273) million, respectively.
-- During the quarter, the Company completed $2.3 billion in three separate capital markets transactions, reducing future interest costs and extending certain debt maturitiRead More 02/15/2013
NEW YORK, Feb. 15, 2013 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) announced today that the Company's Board of Directors has declared dividends on the Company's Series D, Series E, Series F, Series G, and Series I Preferred Stock. For all five series of Preferred Stock, dividends are payable on March 15, 2013 to holders of record on March 1, 2013.
A dividend of $0.50 per share will be paid on the 8.00% Series D Preferred Stock; a dividend of $0.492188 per share will be paid on the 7.8Read More 02/11/2013
NEW YORK, Feb. 11, 2013 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) announced today that it will release its financial results for the fourth quarter and fiscal year of 2012 on Tuesday, February 26, 2013, prior to the opening of the market.
The Company will host an earnings conference call reviewing these results and its operations beginning at 10:00 a.m. ET. This conference call will be broadcast live over the Internet and can be accessed by all interested parties through iStar FinancRead More 02/07/2013
NEW YORK, Feb. 7, 2013 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) announced today that it has received commitments from lenders to reprice its $1.82 billion senior secured credit facility due October 2017. The term loan will now bear interest at an annual rate of LIBOR + 3.50% with a 1.00% LIBOR floor, a reduction from the prior rate of LIBOR + 4.50% with a 1.25% LIBOR floor. In connection with the repricing, the Company will pay lenders a prepayment fee of 1.0% of the apprRead More 01/30/2013
NEW YORK, Jan. 30, 2013 /PRNewswire/ --iStar Financial Inc. (NYSE: SFI) announced today that it is launching a refinancing of its $1.82 billion senior secured credit facility. The current outstanding amount of the facility is approximately $1.71 billion as a result of approximately $108 million of repayments on the underlying collateral. Under the proposed refinancing, all of the terms of the existing credit facility would remain the same, except that the pricing terms would be Read More 01/24/2013
NEW YORK, Jan. 24, 2013 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) announced today that the owners of LNR Property LLC ("LNR"), including iStar, have signed a definitive agreement to sell LNR for a total purchase price of $1.05 billion. iStar's 24% ownership interest in LNR is expected to generate $220 million in net proceeds at closing after closing costs and LNR management incentives.
"As we continue to streamline our balance sheet and focus on our core businesses, this transactionRead More 01/15/2013
NEW YORK, Jan. 15, 2013 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) announced today the tax treatment of its 2012 preferred stock dividends.
Series D Preferred Stock
During 2012, taxable dividends for iStar Financial's distribution of $2.00 per share of the 8.00% Series D preferred stock CUSIP #45031U-408, listed under NYSE ticker symbol [SFI pD], will be classified as 100% return of capital.
Series E Preferred Stock
During 2012, taxable dividends for iStar Financial's distribuRead More
NEW YORK, Nov. 15, 2012 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) announced today that the Company's Board of Directors has declared dividends on the Company's Series D, Series E, Series F, Series G, and Series I Preferred Stock. For all five series of Preferred Stock, dividends are payable on December 17, 2012 to holders of record on December 3, 2012.
A dividend of $0.50 per share will be paid on the 8.00% Series D Preferred Stock; a dividend of $0.492188 per share will be paid on tRead More 11/07/2012
NEW YORK, Nov. 7, 2012 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) announced today that it has launched concurrent offerings, subject to market and other conditions, of $250 million of unsecured Senior Notes due 2018 and $100 million of unsecured Convertible Senior Notes due 2016, plus up to an additional $15 million of Convertible Senior Notes if the underwriters exercise their option to purchase additional notes in full. The Company intends to use the net proceeds of the offerings to rRead More 11/07/2012
NEW YORK, Nov. 7, 2012 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) announced today that it has agreed to sell $300 million aggregate principal amount of unsecured 7.125% Senior Notes due 2018 and $175 million aggregate principal amount of 3.00% Convertible Senior Notes due 2016 in concurrent public offerings, both at par. The Company will use the net proceeds of the offerings to redeem the remaining $67 million aggregate principal amount of its 6.5% Senior Notes due 2013 and the remaindeRead More 10/26/2012
Earnings Report
- Adjusted income (loss) allocable to common shareholders for the third quarter 2012 was ($26) million.
- Net income (loss) allocable to common shareholders for the third quarter 2012 was ($72) million or ($0.86) per diluted common share.
- Subsequent to quarter end, the Company completed a new $1.8 billion, five-year secured term loan to refinance its 2011 A-1 / A-2 facilities.
- In connection with the new financing, the Company's corporate family rating was upgraded Read More 10/16/2012
NEW YORK, Oct. 16, 2012 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) announced today that it will release its financial results for the third quarter of 2012 on Friday, October 26, 2012, prior to the opening of the market.
The Company will host an earnings conference call reviewing these results and its operations beginning at 10:00 a.m. ET. This conference call will be broadcast live over the Internet and can be accessed by all interested parties through iStar Financial's weRead More 10/15/2012
NEW YORK, Oct. 15, 2012 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) announced today that it has entered into a new $1.82 billion senior secured credit facility due October 15, 2017. The new term loan bears interest at a rate of LIBOR plus 4.50% with a 1.25% LIBOR floor and was issued at 99.0% of par. Proceeds from the new financing will be used to refinance the remaining balances of the Company's existing 2011 A-1 / A-2 secured credit facilities in their entirety.
"With this transactioRead More 10/04/2012
NEW YORK, Oct. 4, 2012 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) announced today that Moody's Investors Service upgraded iStar's corporate family rating to B2 from B3. In addition, Moody's assigned a B1 rating to the Company's proposed $1.8 billion senior secured term loan and upgraded the A-1 and A-2 tranches of the Company's 2012 senior secured facilities to Ba3 and B1, respectively. Moody's also raised the ratings on iStar's senior unsecured credit rating to B3 as well as all series Read More 09/28/2012
NEW YORK, Sept. 28, 2012 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) announced today that it has engaged J.P. Morgan, Barclays Capital and Bank of America Merrill Lynch to arrange a $1.8 billion refinancing of its 2011 senior secured credit facility. The 2011 facility is comprised of two tranches of loans scheduled to mature in 2013 and 2014, respectively. The new facility would refinance the entire remaining balance of the 2011 facility with a new senior secured first lien term loan due Read More 08/16/2012
NEW YORK, Aug. 16, 2012 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) announced today that the Company's Board of Directors has declared dividends on the Company's Series D, Series E, Series F, Series G, and Series I Preferred Stock. For all five series of Preferred Stock, dividends are payable on September 14, 2012 to holders of record on August 31, 2012.
A dividend of $0.50 per share will be paid on the 8.00% Series D Preferred Stock; a dividend of $0.492188 per share will be paid on tRead More 08/13/2012
ASBURY PARK, N.J.--(BUSINESS WIRE)--Aug. 13, 2012--
iStar Financial announces that its subsidiary, Asbury Partners, the
Master Developer of the Asbury Park waterfront, has entered into an
agreement with retail developer Madison Marquette, which will accelerate
and drive the overall redevelopment of the city’s historic waterfront.
In exchange for a minority interest in Asbury Partners, Madison
Marquette has contributed all of its 5.7 acres of residentRead More 07/27/2012
Earnings Report
-- Net income (loss) allocable to common shareholders for the second quarter 2012 was ($59) million or ($0.70) per diluted common share.
-- During the quarter, the Company issued $275 million of 9.0% senior unsecured notes due 2017.
-- Company retired $640 million of debt during the second quarter and had $707 million of cash, including cash reserved for debt repayment, at June 30, 2012.
-- During the quarter, the Company sold a portfolio of 12 net lease assets for $13Read More 07/13/2012
NEW YORK, July 13, 2012 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) announced today that it will release its financial results for the second quarter of 2012 on Friday, July 27, 2012, prior to the opening of the market.
The Company will host an earnings conference call reviewing these results and its operations beginning at 10:00 a.m. ET. This conference call will be broadcast live over the Internet and can be accessed by all interested parties through iStar Financial's website, www.isRead More 05/16/2012
NEW YORK, May 16, 2012 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) announced today that its Board of Directors approved a new stock repurchase program. The program authorizes the Company to repurchase up to $20 million of its common stock from time to time in the open market and privately negotiated transactions. The Company may make purchases through a 10b5-1 trading plan.
* * *
iStar Financial Inc. (NYSE: SFI) is a fully-integrated finance and investment companRead More 05/15/2012
NEW YORK, May 15, 2012 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) announced today that the Company's Board of Directors has declared dividends on the Company's Series D, Series E, Series F, Series G, and Series I Preferred Stock. For all five series of Preferred Stock, dividends are payable on June 15, 2012 to holders of record on June 1, 2012.
A dividend of $0.50 per share will be paid on the 8.00% Series D Preferred Stock; a dividend of $0.492188 per share will be paid on the 7.875%Read More 05/03/2012
NEW YORK, May 3, 2012 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) announced today that it has agreed to sell $275 million aggregate principal amount of its 9.00% Senior Notes due 2017 (the "Notes") at 98.012% of their principal amount in a private offering. iStar will use the net proceeds from the offering to repay unsecured indebtedness maturing in 2012.
The Notes were offered only to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933Read More 04/27/2012
Earnings Report
-- Net income (loss) allocable to common shareholders for the first quarter 2012 was ($55) million or ($0.66) per diluted common share.
-- Company completed new $880 million senior secured credit facilities.
-- Company retired $724 million of debt during the first quarter and had $610 million of cash, including cash reserved for debt repayment, at March 31, 2012.
NEW YORK, April 27, 2012 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) today reported results for the fiRead More 04/13/2012
NEW YORK, April 13, 2012 /PRNewswire via COMTEX/ --iStar Financial Inc. (NYSE: SFI) announced today that it will release its financial results for the first quarter of 2012 on Friday, April 27, 2012, prior to the opening of the market.
The Company will host an earnings conference call reviewing these results and its operations beginning at 10:00 a.m. ET. This conference call will be broadcast live over the Internet and can be accessed by all interested parties through iStar Financial's websitRead More 03/20/2012
NEW YORK, March 20, 2012 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) announced today that it has agreed to repurchase $109 million aggregate principal amount of its convertible notes due October 2012 from an institutional investor at a discount to par in a private transaction. The Company will use a portion of the proceeds from its new $880 million facility to fund the transaction.
* * *
iStar Financial Inc. (NYSE: SFI) is a fully-integrated finance and investmenRead More 03/19/2012
NEW YORK, March 19, 2012 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) announced today that it has entered into a new $880 million senior secured credit agreement providing for two tranches of term loans: a $410 million 2012 A-1 tranche due March 19, 2016, which bears interest at a rate of LIBOR plus 4.00%, and a $470 million 2012 A-2 tranche due March 19, 2017, which bears interest at a rate of LIBOR plus 5.75%. The 2012 A-1 and A-2 tranches were issued at 98.0% of par and 98.5% of par, reRead More 02/28/2012
Earnings Report- Net income (loss) allocable to common shareholders for the fourth quarter and fiscal year 2011 was ($35) million and ($62) million, respectively, or ($0.43) and ($0.70) per diluted common share, respectively.
- Company recorded $24 million and $69 million of loan loss provisions and impairments for the fourth quarter and fiscal year 2011, respectively, versus $58 million and $354 million for the fourth quarter and fiscal year 2010, respectively.
- Company launches syndicaRead More 02/15/2012
NEW YORK, Feb. 15, 2012 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) announced today that the Company's Board of Directors has declared dividends on the Company's Series D, Series E, Series F, Series G, and Series I Preferred Stock. For all five series of Preferred Stock, dividends are payable on March 15, 2012 to holders of record on March 1, 2012.
A dividend of $0.50 per share will be paid on the 8.00% Series D Preferred Stock; a dividend of $0.492188 per share will be paRead More 02/01/2012
NEW YORK--(BUSINESS WIRE)--Feb. 1, 2012--
iStar Financial Inc. (NYSE: SFI) announced today that it will release
its financial results for the fourth quarter and fiscal year of 2011 on
Tuesday, February 28, 2012, prior to the opening of the market.
The Company will host an earnings conference call reviewing these
results and its operations beginning at 10:00 a.m. ET. This conference
call will be broadcast live over the Internet and can be acceRead More 01/23/2012
NEW YORK--(BUSINESS WIRE)--Jan. 23, 2012--
iStar Financial Inc. (NYSE: SFI), a publicly traded finance company
focused on the commercial real estate industry, announced today the tax
treatment of its 2011 preferred stock dividends.
Series D Preferred Stock
During 2011, taxable dividends for iStar Financial’s distribution of
$2.00 per share of the 8.00% Series D preferred stock CUSIP #45031U-408,
listed under NYSE ticker symbol Read More 01/09/2012
NEW YORK, Nov. 15, 2011 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) announced today that the Company's Board of Directors has declared dividends on the Company's Series D, Series E, Series F, Series G, and Series I Preferred Stock. For all five series of Preferred Stock, dividends are payable on December 15, 2011 to holders of record on December 1, 2011.
A dividend of $0.50 per share will be paid on the 8.00% Series D Preferred Stock; a dividend of $0.492188 per share will be paid on theRead More 11/11/2011
NEW YORK, Nov. 11, 2011 /PRNewswire via COMTEX/ --iStar Financial Inc. (NYSE: SFI) will join with a number of veterans to ring the Closing Bell at the New York Stock Exchange ("NYSE") on November 11, 2011 in honor of Veterans Day.
iStar will be joined on the closing bell podium by representatives from No Greater Sacrifice and the Fisher House Foundation, two veteran organizations providing vital services to our nation's military men and women. iStar employees have made donations to both ofRead More 11/08/2011
NEW YORK, Nov. 8, 2011 /PRNewswire via COMTEX/ --iStar Financial Inc. (NYSE: SFI) announced today that Jay Sugarman, chairman and chief executive officer, has adopted a stock trading plan to sell up to 375,000 shares of his company stock over time to fund outside personal and charitable interests. Sales under the plan may commence on November 8, 2011 and will be subject to the satisfaction of minimum price conditions and other contingencies. If Mr. Sugarman completes all the sales of shares unRead More 11/03/2011
NEW YORK, Nov. 3, 2011 /PRNewswire via COMTEX/ --iStar Financial Inc. (NYSE: SFI) announced today that it has extended its lease on five hotel net lease assets through December 31, 2025. The lease extension covers hotels in Seattle, San Diego/Mission Valley, Sonoma, Salt Lake City and Durango, CO and, as part of this lease extension, the Company has released Red Lion Hotels Corporation from a master lease that covered 15 properties in total, including the above hotels. The remaining 10 propertieRead More 10/27/2011
Earnings Report
- Net income (loss) allocable to common shareholders for the third quarter 2011 was ($62.2) million or ($0.71) per diluted common share.
- Company repurchased 12.1 million shares of its common stock during the quarter, reducing total common shares outstanding by 13.0% from the end of the prior quarter.
- Company recorded $19.1 million of loan loss provision and impairments for the quarter versus $83.8 million for the same period last year.
- Subsequent to quarter end, CompRead More 10/10/2011
NEW YORK, Oct. 10, 2011 /PRNewswire via COMTEX/ -- iStar Financial Inc. (NYSE: SFI) announced today that it will release its financial results for the third quarter of 2011 on Thursday, October 27, 2011, prior to the opening of the market.
The Company will host an earnings conference call reviewing these results and its operations beginning at 10:00 a.m. ET. This conference call will be broadcast live over the Internet and can be accessed by all interested parties through iStar Financial's wRead More 08/15/2011
NEW YORK, Aug. 15, 2011 /PRNewswire via COMTEX/ --iStar Financial Inc. (NYSE: SFI) announced today that the Company's Board of Directors has declared dividends on the Company's Series D, Series E, Series F, Series G, and Series I Preferred Stock. For all five series of Preferred Stock, dividends are payable on September 15, 2011 to holders of record on September 1, 2011.
A dividend of $0.50 per share will be paid on the 8.00% Series D Preferred Stock; a dividend of $0.492188 per share will Read More 08/08/2011
NEW YORK, Aug. 8, 2011 /PRNewswire via COMTEX/ --iStar Financial Inc. (NYSE: SFI) announced today that its Board of Directors approved a new stock repurchase program. The program authorizes the Company to repurchase up to $65 million of its common stock from time-to-time in the open market and privately negotiated transactions. The Company intends to enter into a 10b5-1 trading plan through which it may make purchases of its common stock.
The Company's prior stock repurchase program, which Read More 07/28/2011
Earnings Report
-- Net income (loss) allocable to common shareholders for the second quarter 2011 was ($35.5) million or ($0.38) per diluted common share.
-- Company recorded $13.1 million of loan loss provisions and impairments for the quarter versus $121.9 million for the same period last year.
-- Company continues to deleverage, retiring $684.6 million of debt during the quarter.
-- Company enters into new $120.0 million secured financing due 2021.
NEW YORK, July 28, 2011 /PRNewswire Read More 07/12/2011
NEW YORK, July 12, 2011 /PRNewswire via COMTEX/ --iStar Financial Inc. (NYSE: SFI) announced today that it will release its financial results for the second quarter of 2011 on Thursday, July 28, 2011, prior to the opening of the market.
The Company will host an earnings conference call reviewing these results and its operations beginning at 10:00 a.m. ET. This conference call will be broadcast live over the Internet and can be accessed by all interested parties through iStar Financial's webRead More 05/16/2011
NEW YORK, May 16, 2011 /PRNewswire via COMTEX/ --iStar Financial Inc. (NYSE: SFI) announced today that the Company's Board of Directors has declared dividends on the Company's Series D, Series E, Series F, Series G, and Series I Preferred Stock. For all five series of Preferred Stock, dividends are payable on June 15, 2011 to holders of record on June 1, 2011.
A dividend of $0.50 per share will be paid on the 8.00% Series D Preferred Stock; a dividend of $0.492188 per share will be paid on Read More 04/28/2011
Earnings Report
- Net income allocable to common shareholders for the first quarter 2011 was $67.4 million or $0.71 per diluted common share.
- Company completed new $2.95 billion senior secured credit facilities to refinance secured bank debt due in June 2011 and 2012 and repay a portion of unsecured debt.
- Company recorded $12.3 million of loan loss provisions and impairments for the quarter versus $95.4 million for the same period last year.
NEW YORK, April 28, 2011 /PRNewswire via CORead More 04/11/2011
NEW YORK, April 11, 2011 /PRNewswire via COMTEX/ --iStar Financial Inc. (NYSE: SFI) announced today that it will release its financial results for the first quarter of 2011 on Thursday, April 28, 2011, prior to the opening of the market.
The Company will host an earnings conference call reviewing these results and its operations beginning at 10:00 a.m. ET. This conference call will be broadcast live over the Internet and can be accessed by all interested parties through iStar Financial's weRead More 03/17/2011
NEW YORK, March 17, 2011 /PRNewswire via COMTEX/ --iStar Financial Inc. (NYSE: SFI) announced today that it has entered into a new $2.95 billion senior secured credit agreement providing for two tranches of term loans: a $1.50 billion A-1 tranche due June 28, 2013, which bears interest at a rate of LIBOR plus 3.75%, and a $1.45 billion A-2 tranche due June 30, 2014, which bears interest at a rate of LIBOR plus 5.75%. Both tranches include a LIBOR floor of 1.25%.
"The financing announced todRead More 02/24/2011
Earnings Report
- Net income (loss) allocable to common shareholders for the fourth quarter and fiscal year 2010 was ($67.1) million and $36.3 million, respectively, or ($0.73) and $0.39 per diluted common share, respectively.
- Company recorded $57.7 million of loan loss provisions and impairments for the quarter versus $280.9 million for same period last year. Non-performing loans decreased to $1.4 billion of carrying value from $3.0 billion at the end of prior year.
- During the year, CRead More 02/22/2011
NEW YORK, Feb. 22, 2011 /PRNewswire via COMTEX/ --iStar Financial Inc. (NYSE: SFI) announced today that it has engaged J.P. Morgan to arrange up to $3.0 billion in new senior secured credit facilities, the proceeds of which would be used to refinance the Company's secured loan facilities due to mature in June 2011 and 2012, as well as repay a portion of the Company's unsecured debt maturing in 2011. The proposed new credit facilities may be divided into tranches with differing interest rates anRead More 02/15/2011
NEW YORK, Feb. 15, 2011 /PRNewswire via COMTEX/ --iStar Financial Inc. (NYSE: SFI), a publicly traded, fully-integrated finance and investment company focused on the commercial real estate industry, today announced that it will release its financial results for the fourth quarter and fiscal year of 2010 on Thursday, February 24, 2011, prior to the opening of the market.
The Company will host an earnings conference call reviewing these results and its operations beginning at 10:00 a.m. ET. Read More 02/15/2011
NEW YORK, Feb. 15, 2011 /PRNewswire via COMTEX/ --iStar Financial Inc. (NYSE: SFI), a publicly traded, fully-integrated finance and investment company focused on the commercial real estate industry, announced today that the Company's Board of Directors has declared dividends on the Company's Series D, Series E, Series F, Series G, and Series I Preferred Stock. For all five series of Preferred Stock, dividends are payable on March 15, 2011 to holders of record on March 1, 2011.
A dividend ofRead More 01/24/2011
NEW YORK, Jan. 24, 2011 /PRNewswire via COMTEX/ --iStar Financial Inc. (NYSE: SFI), a publicly traded finance company focused on the commercial real estate industry, announced today the tax treatment of its 2010 preferred stock dividends.
Series D Preferred Stock
During 2010, taxable dividends for iStar Financial's distribution of $2.00 per share of the 8.00% Series D preferred stock CUSIP #45031U-408, listed under NYSE ticker symbol [SFI pD], will be classified as 100% return of capital.
Read More 01/18/2011
Leading Real Estate Group to Market South Beach
Oceanfront Property
MIAMI, Jan 18, 2011 (BUSINESS WIRE) --iStar Financial Inc. (NYSE:SFI), a publicly traded finance
company focused on the commercial real estate industry, announced today
that it will now have full ownership of the luxury Miami Beach real
estate condominium project "South of Fifth," located at
125 Ocean Drive.iStar Financial has engaged Cervera
Real Estate, Inc., a South Florida rRead More
NEW YORK, Dec. 22, 2010 /PRNewswire via COMTEX/ --iStar Financial Inc. (NYSE: SFI), a leading publicly traded finance company focused on the commercial real estate industry, announced today that David DiStaso has been named chief financial officer, effective December 21, 2010.
DiStaso has served as chief accounting officer of iStar Financial since 2008 and has functioned as the Company's principal financial officer since April 2010.
"Dave has been a key member of our finance and accountiRead More 12/07/2010
NEW YORK, Dec. 7, 2010 /PRNewswire via COMTEX/ --iStar Financial Inc. (NYSE: SFI), a publicly traded finance company focused on the commercial real estate industry, announced today that it has called for redemption of its approximately $312 million remaining principal amount of 10% Second Priority Senior Secured Guaranteed Notes due 2014.
The notes are redeemable at 100% of par value plus accrued but unpaid interest to, but not including, the redemption date. The redemption date will be JanRead More 11/16/2010
NEW YORK, Nov. 16, 2010 /PRNewswire via COMTEX/ --iStar Financial Inc. (NYSE: SFI), a publicly traded finance company focused on the commercial real estate industry, announced today that the Company's Board of Directors has declared dividends on the Company's Series D, Series E, Series F, Series G, and Series I Preferred Stock. For all five series of Preferred Stock, dividends are payable on December 15, 2010 to holders of record on November 30, 2010.
A dividend of $0.50 per share will be pRead More 10/28/2010
Earnings Report
-- Adjusted earnings (loss) allocable to common shareholders for the third quarter 2010 was ($70.9) million, or ($0.76) per diluted common share.
-- Net income (loss) allocable to common shareholders for the third quarter 2010 was ($83.5) million, or ($0.89) per diluted common share.
-- Company recorded $78.4 million of loan loss provisions for the quarter versus $109.4 million for the prior quarter.
-- Company fully repaid A-participation interest on Fremont portfolio.
-- Read More 10/08/2010
NEW YORK, Oct 08, 2010 /PRNewswire via COMTEX/ --iStar Financial Inc. (NYSE: SFI), a publicly traded finance company focused on the commercial real estate industry, today announced that it will release its financial results for the third quarter 2010 on Thursday, October 28, 2010, prior to the opening of the market.
The Company will host an earnings conference call reviewing these results and its operations beginning at 10:00 a.m. ET. This conference call will be broadcast live over the IntRead More 08/16/2010
NEW YORK, Aug 16, 2010 /PRNewswire via COMTEX/ --iStar Financial Inc. (NYSE: SFI), a publicly traded finance company focused on the commercial real estate industry, announced today that the Company's Board of Directors has declared dividends on the Company's Series D, Series E, Series F, Series G, and Series I Preferred Stock. For all five series of Preferred Stock, dividends are payable on September 15, 2010 to holders of record on September 1, 2010.
A dividend of $0.50 per share will be pRead More 08/03/2010
Earnings Report
Company completes sale of portfolio comprised of 32 corporate tenant lease assets; recognizes $250.3 million gain associated with transaction; book value increases to $13.72 per common share.
Company retires $1.8 billion of debt during the quarter.
Adjusted earnings (loss) allocable to common shareholders for the second quarter 2010 was ($83.4) million, or ($0.89) per diluted common share.
Net income allocable to common shareholders for the second quarter 2010 was $2Read More 07/06/2010
NEW YORK - July 6, 2010 - iStar Financial Inc. (NYSE: SFI), a publicly traded finance company focused on the commercial real estate industry, today announced that it will release its financial results for the second quarter 2010 on Tuesday, August 3, 2010, prior to the opening of the market. The Company will host an earnings conference call reviewing these results and its operations beginning at 10:00 a.m. ET. This conference call will be broadcast live over the Internet and can be accesseRead More 06/28/2010
Company expects to recognize approximately $250 million gain associated with transaction
NEW YORK, June 28, 2010 /PRNewswire via COMTEX/ --iStar Financial Inc. (NYSE: SFI), a publicly traded finance company focused on the commercial real estate industry, announced today that it has completed its previously announced sale of 32 real properties, or interests therein, to various subsidiaries of Dividend Capital Total Realty Trust Inc. The properties are leased to a diverse group of corporate tenRead More 05/14/2010
NEW YORK, May 14, 2010 /PRNewswire via COMTEX/ --iStar Financial Inc. (NYSE: SFI), a publicly traded finance company focused on the commercial real estate industry, announced today that the Company's Board of Directors has declared dividends on the Company's Series D, Series E, Series F, Series G, and Series I Preferred Stock. For all five series of Preferred Stock, dividends are payable on June 15, 2010 to holders of record on June 1, 2010.
A dividend of $0.50 per share will be paid on the 8Read More 04/29/2010
Earnings Report
Adjusted earnings (loss) allocable to common shareholders for the first quarter 2010 were ($24.2) million, or ($0.26) per diluted common share, compared with ($141.7) million, or ($1.47) per diluted common share for the fourth quarter 2009.
Net income (loss) allocable to common shareholders for the first quarter 2010 was ($25.4) million, or ($0.27) per diluted common share, compared with ($159.2) million, or ($1.65) per diluted common share for the fourth quarter 2009.
Read More 04/12/2010
NEW YORK, April 12, 2010 /PRNewswire via COMTEX/ --iStar Financial Inc. (NYSE: SFI), a publicly traded finance company focused on the commercial real estate industry, today announced that it will release its full financial results for the first quarter of 2010 on Thursday, April 29, 2010, prior to the opening of the market.
The Company will host an earnings conference call reviewing these results and its operations beginning at 10:00 a.m. ET. This conference call will be broadcast live over tRead More 02/17/2010
- Adjusted earnings (loss) allocable to common shareholders for the fourth quarter and fiscal year 2009 were ($141.7) million and ($688.8) million, respectively, or ($1.47) and ($6.88) per diluted common share, respectively.
- Net income (loss) allocable to common shareholders for the fourth quarter and fiscal year 2009 was ($159.2) million and ($788.6) million, respectively, or ($1.65) and ($7.88) per diluted common share, respectively.
- Company recorded $216.4 million of loan loss provisiRead More 02/16/2010
NEW YORK, Feb 16, 2010 /PRNewswire via COMTEX/ -- iStar Financial Inc. (NYSE: SFI), a publicly traded finance company focused on the commercial real estate industry, announced today that the Company's Board of Directors has declared dividends on the Company's Series D, Series E, Series F, Series G, and Series I Preferred Stock. For all five series of Preferred Stock, dividends are payable on March 15, 2010 to holders of record on March 1, 2010.
A dividend of $0.50 per share will be paid on theRead More 02/05/2010
NEW YORK, Feb 05, 2010 /PRNewswire via COMTEX/ -- iStar Financial Inc. (NYSE: SFI), a leading publicly traded finance company focused on the commercial real estate industry, announced today the tax treatment of its 2009 preferred stock dividends.
Series D Preferred Stock
During 2009, taxable dividends for iStar Financial's distribution of $2.00 per share of the 8.00% Series D preferred stock CUSIP #45031U-408, listed under NYSE ticker symbol [SFI pD], will be classified as 100% return of capRead More 02/05/2010
NEW YORK, Feb 05, 2010 /PRNewswire via COMTEX/ -- iStar Financial Inc. (NYSE: SFI), a leading publicly traded finance company focused on the commercial real estate industry, today announced that it will release its financial results for the fourth quarter and year-end 2009 on Wednesday, February 17, 2010, prior to the opening of the market.
The Company will host an earnings conference call reviewing these results and its operations beginning at 10:00 a.m. ET. This conference call will be broadRead More
NEW YORK, Nov. 16 /PRNewswire-FirstCall/ -- iStar Financial Inc. (NYSE: SFI), a leading publicly traded finance company focused on the commercial real estate industry, announced today that the Company's Board of Directors has declared dividends on the Company's Series D, Series E, Series F, Series G, and Series I Preferred Stock. For all five series of Preferred Stock, dividends are payable on December 15, 2009 to holders of record on November 30, 2009.
A dividend of $0.50 per shaRead More 10/30/2009
Adjusted earnings (loss) allocable to common shareholders for the third quarter was ($234.2) million, or ($2.37) per diluted common share.
Net income (loss) allocable to common shareholders for the third quarter was ($251.3) million, or ($2.55) per diluted common share.
Company records $345.9 million of loan loss provisions during the quarter versus $435.0 million during the prior quarter.
NEW YORK, Oct. 30 /PRNewswire-FirstCall/ -- iStar Financial Inc. (NYSE: SFI), a leading Read More 10/09/2009
NEW YORK, Oct. 9 /PRNewswire-FirstCall/ -- iStar Financial Inc. (NYSE: SFI), a leading publicly traded finance company focused on the commercial real estate industry, today announced that it will release its full financial results for the third quarter of 2009 on Friday, October 30, 2009, prior to the opening of the market.
The Company will host an earnings conference call reviewing these results and its operations beginning at 10:00 a.m. ET. This conference call will be broaRead More 08/17/2009
NEW YORK, Aug. 17 /PRNewswire-FirstCall/ -- iStar Financial Inc. (NYSE:
SFI), a leading publicly traded finance company focused on the commercial real
estate industry, announced today that the Company's Board of Directors has
declared dividends on the Company's Series D, Series E, Series F, Series G,
and Series I Preferred Stock. For all five series of Preferred Stock,
dividends are payable on September 15, 2009 to holders of record on September
1, 2009.
A dividend of $0.50 per shRead More 07/31/2009
- Adjusted earnings (loss) allocable to common shareholders for the second
quarter was ($250.1) million, or ($2.51) per diluted common share
- Net income (loss) allocable to common shareholders for the second quarter
was ($284.2) million, or ($2.85) per diluted common share.
- Company records $435.0 million of loan loss provisions during the quarter versus $258.1 million during the prior quarter.
- Company exchanged $1.0 billion of existing unsecured notes Read More 07/09/2009
NEW YORK, July 9, 2009 /PRNewswire-FirstCall via COMTEX/ -- iStar Financial Inc. (NYSE: SFI), a leading publicly traded finance company focused on the commercial real estate industry, today announced that it will release its full financial results for the second quarter of 2009 on Friday, July 31, 2009, prior to the opening of the market.
The Company will host an earnings conference call reviewing these results and its operations beginning at 10:00 a.m. ET. This conference call will be broadcasRead More 06/03/2009
NEW YORK, June 3 /PRNewswire-FirstCall/ -- iStar Financial Inc. (NYSE:
SFI), a leading publicly traded finance company focused on the commercial real
estate industry, will participate in a moderated discussion at REITWeek 2009:
NAREIT's Investor Forum on Thursday, June 4, 2009 in New York, NY, at 2:00
p.m. ET.
iStar Financial's participation will be broadcast live over the Internet
and can be accessed through the Company's website, www.istarfinancial.com. To
listen, please go to tRead More 05/15/2009
NEW YORK, May 15 /PRNewswire-FirstCall/ -- iStar Financial Inc. (NYSE:
SFI), a leading publicly traded finance company focused on the commercial real
estate industry, announced today that the Company's Board of Directors has
declared dividends on the Company's Series D, Series E, Series F, Series G,
and Series I Preferred Stock. For all five series of Preferred Stock,
dividends are payable on June 15, 2009 to holders of record on June 1, 2009.
A dividend of $0.50 per share will be Read More 05/07/2009
NEW YORK, May 7 /PRNewswire-FirstCall/ -- iStar Financial Inc. (NYSE: SFI)
announced today the final results of its previously announced private offers
to exchange a portion of the Company's existing senior unsecured notes (the
"Old Notes") for new second-lien senior secured notes issued by the Company
and guaranteed by certain of its subsidiaries, as well as the Company's cash
tender offer to purchase a portion of its outstanding Series B Senior Floating
Rate Notes due September 2009 Read More 04/30/2009
- Adjusted earnings (loss) allocable to common shareholders for the first
quarter was ($64.0) million, or ($0.61) per diluted common share.
- Net income (loss) allocable to common shareholders for the first quarter
was ($93.9) million, or ($0.89) per diluted common share.
- Company records $258.1 million of loan loss provisions during the
quarter versus $252.0 million during the prior quarter.
- Company completes $1.0 billion secured term loan and restructuring of
existingRead More 04/23/2009
NEW YORK, April 23, 2009 /PRNewswire-FirstCall via COMTEX/ -- iStar Financial Inc. (NYSE: SFI) announced today that it has increased the consideration it will pay to holders of Priority 1 Notes in its previously announced private exchange offers. The Priority 1 Notes consist of the Company's Senior Floating Rate Notes due March 2010 and 5.375% Senior Notes due April 2010.
iStar is now offering to exchange each $1,000 principal amount of Priority 1 Notes validly tendered pursuant to the private Read More 04/20/2009
NEW YORK, April 20 /PRNewswire-FirstCall/ -- iStar Financial Inc. (NYSE:
SFI), a leading publicly traded finance company focused on the commercial real
estate industry, today provided an update on certain key operating results for
its first quarter of 2009.
iStar reported adjusted earnings (loss) allocable to common shareholders
for the first quarter of ($61.9) million, or ($0.59) per diluted common share.
Net income (loss) allocable to common shareholders for the first quarter wasRead More 04/14/2009
NEW YORK, April 14 /PRNewswire-FirstCall/ -- iStar Financial Inc. (NYSE:
SFI), a leading publicly traded finance company focused on the commercial real
estate industry, today announced that it will release its full financial
results for the first quarter of 2009 on Thursday, April 30, 2009, prior to
the opening of the market.
The Company will host an earnings conference call reviewing these results
and its operations beginning at 10:00 a.m. ET. This conference call will be
broadcaRead More 04/09/2009
NEW YORK, April 9, 2009 /PRNewswire-FirstCall via COMTEX/ -- iStar Financial Inc. (NYSE: SFI) announced today that it has commenced private offers to exchange a portion of the Company's existing senior unsecured notes for up to $1.0 billion aggregate principal amount of new second-lien senior secured notes to be issued by the Company and guaranteed by certain of its subsidiaries. Concurrently with the exchange offers, the Company is also making an offer to purchase for cash a portion of the CompRead More 03/16/2009
Company Board of Directors Approves Stock Repurchase Program
NEW YORK, March 16 /PRNewswire-FirstCall/ -- iStar Financial Inc. (NYSE:
SFI), a leading publicly traded finance company focused on the commercial real
estate industry, announced today that it has completed its previously
announced new secured term loan facility and restructuring of its existing
unsecured revolving credit facilities.
New $1 Billion Delayed Draw Secured Credit Agreement
The Company announced that Read More 02/26/2009
- Total revenues were $289.9 million and $1.4 billion for the fourth
quarter and fiscal year 2008, respectively.
- Company records $252.0 million of loan loss provisions during the
quarter versus $411.1 million during the prior quarter.
- Adjusted earnings (loss) allocable to common shareholders for the fourth
quarter and fiscal year were $12.7 million and ($352.0) million, respectively,
or $0.10 and ($2.68) per diluted common share, respectively.
- Net income (loss) allocRead More 02/19/2009
NEW YORK, Feb. 19 /PRNewswire-FirstCall/ -- iStar Financial Inc. (NYSE:
SFI), a leading publicly traded finance company focused on the commercial real
estate industry, announced today that the Company's Board of Directors has
declared dividends on the Company's Series D, Series E, Series F, Series G,
and Series I Preferred Stock. For all five series of Preferred Stock,
dividends are payable on March 16, 2009 to holders of record on March 2, 2009.
A dividend of $0.50 per share will Read More 01/28/2009
NEW YORK, Jan. 28 /PRNewswire-FirstCall/ -- iStar Financial Inc. (NYSE:
SFI), a leading publicly traded finance company focused on the commercial real
estate industry, announced today the tax treatment of its 2008 common and
preferred stock dividends.
Common Stock Dividends
During 2008, taxable dividends for iStar Financial's common stock were
$1.74 per share. The Company's common stock is currently listed under the
CUSIP #45031U-101 and trades under the NYSE ticker symbol [SFRead More 01/23/2009
NEW YORK, Jan. 23 /PRNewswire-FirstCall/ -- iStar Financial Inc. (NYSE:
SFI), a leading publicly traded finance company focused on the commercial real
estate industry, today announced that it will release its financial results
for the fourth quarter and fiscal year 2008 on Thursday, February 26, 2009,
prior to the opening of the market.
The Company will host an earnings conference call reviewing these results
and its operations beginning at 10:00 a.m. ET. This conference call will Read More
NEW YORK, Dec. 10 /PRNewswire-FirstCall/ -- iStar Financial Inc. (NYSE:
SFI), a leading publicly traded finance company focused on the commercial real
estate industry, announced today that Catherine D. Rice, executive vice
president and chief financial officer, will retire in March of 2009 and James
D. Burns, iStar's executive vice president and treasurer, will be promoted to
CFO upon Rice's retirement next year.
After serving as a senior member of the management team at iStar sincRead More 11/14/2008
NEW YORK, Nov. 14 /PRNewswire-FirstCall/ -- iStar Financial Inc. (NYSE:
SFI), a leading publicly traded finance company focused on the commercial real
estate industry, announced today that the Company's Board of Directors has
declared dividends on the Company's Series D, Series E, Series F, Series G,
and Series I Preferred Stock. For all five series of Preferred Stock,
dividends are payable on December 15, 2008 to holders of record on November
28, 2008.
A dividend of $0.50 per shaRead More 10/30/2008
Thursday October 30, 7:00 am ET
- Total revenues were $341 million; up 5.3% from the prior quarter.
- Company records $411 million of loan loss provision during the quarter.
- Adjusted earnings (loss) for the quarter was ($285.9) million for common shareholders or ($2.15) per diluted common share.
- Net income (loss) allocable to common shareholders was ($305.8) million or ($2.30) per diluted common share for the quarter.
- Company updates full year 2008 adjusted earnings per diluted commRead More 10/14/2008
NEW YORK, Oct 14, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- iStar Financial Inc. (NYSE: SFI), a leading publicly traded finance company focused on the commercial real estate industry, today announced that it will release its financial results for the third quarter of 2008 on Thursday, October 30, 2008, prior to the opening of the market.
The Company will host an earnings conference call reviewing these results and its operations beginning at 10:00 a.m. ET. This conference call willRead More 10/01/2008
NEW YORK, Oct. 1 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, announced today that its Board of Directors
has determined that the Company will pay the remainder of its 2008 taxable
income as a fourth quarter dividend.
The Company stated that as a real estate investment trust (REIT), it is
required to pay out 90% of its annual taxable income to common shareholders.
The Company hRead More 08/15/2008
NEW YORK, Aug. 15 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, announced today that the Company's Board of
Directors has declared dividends on the Company's Series D, Series E, Series
F, Series G, and Series I Preferred Stock. For all five series of Preferred
Stock, dividends are payable on September 15, 2008 to holders of record on
August 29, 2008.
A dividend of $0.50 per sharRead More 07/31/2008
- Total revenues were $324 million, up 5.7% year-over-year.
- Company recognizes $308 million of net gains on asset sales; records
$217 million non-cash asset specific loan provisions and $45 million
non-cash mark-to-market impairments.
- Net income allocable to common shareholders was $20 million or $0.15 per
diluted common share for the quarter.
- Adjusted earnings plus net realized gains were $106 million or $0.79 per
diluted Read More 07/18/2008
Preliminary Earnings Estimates Reflect Increased Loan Provisions
Company to Recognize $300 Million of Gains on Sale of Assets
Company Maintains Liquidity of $1.4 Billion at Quarter End
NEW YORK, July 18 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, announced today that continued market
deterioration will impact second quarter earnings.
BRead More 07/02/2008
NEW YORK, July 2 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, today announced that it will release its
financial results for the second quarter of 2008 on Thursday, July 31, 2008,
prior to the opening of the market.
The Company will host an earnings conference call reviewing these results
and its operations beginning at 10:00 a.m. EDT. This conference call will be
broadcast livRead More 07/02/2008
NEW YORK, July 2 /PRNewswire-FirstCall/ -- iStar Financial Inc. (NYSE:
SFI), a leading publicly traded finance company focused on the commercial real
estate industry, announced today the retirement of Tim O'Connor, executive
vice president and chief operating officer, as well as the appointments of a
new chief accounting officer and a new independent member of its Board of
Directors.
After serving as both a leader and mentor over the past 10 years at iStar,
O'Connor retired effective Read More 07/01/2008
NEW YORK, July 1 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, announced today that the Company's Board of
Directors has declared a regular quarterly cash dividend on its common stock
of $0.87 per share for the quarter ending June 30, 2008. The $0.87 dividend is
payable on July 31, 2008 to holders of record at the close of business on July
15, 2008.
iStar Financial Inc. is a lRead More 06/02/2008
NEW YORK, June 2 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, will participate in a moderated discussion at
REITWeek 2008: NAREIT's Investor Forum on Wednesday, June 4, 2008 in New York,
NY, at 4:15 p.m. ET.
iStar Financial's participation will be broadcast live over the Internet
and can be accessed through the Company's website, www.istarfinancial.com. To
listen, please go to Read More 05/16/2008
NEW YORK, May 16 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, announced today that it has agreed to sell
$750 million aggregate principal amount of 8.625% Senior Notes due 2013. The
Notes are senior unsecured debt securities of the Company and will rank
equally with all of the Company's other senior unsecured debt. Interest is
payable semi-annually on each June 1 and December 1, comRead More 05/15/2008
NEW YORK, May 15 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, announced today that the Company's Board of
Directors has declared dividends on the Company's Series D, Series E, Series
F, Series G, and Series I Preferred Stock. For all five series of Preferred
Stock, dividends are payable on June 13, 2008 to holders of record on May 30,
2008.
A dividend of $0.50 per share will beRead More 05/13/2008
NEW YORK, May 13 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, will participate in a moderated discussion at
the 18th American Financial Services Association Finance Industry Conference
for Fixed Income Investors today, May 13, 2008 in Boston, MA, at 2:00 p.m. ET.
iStar Financial's participation will be broadcast live over the Internet
and can be accessed through the Company's weRead More 05/02/2008
- Adjusted earnings per diluted common share were $0.87 for the first
quarter 2008.
- Total revenues were $422.4 million; up 48% year-over-year.
- Company pays off interim facility used to finance acquisition of
Fremont.
- Company to recognize approximately $250 million gain on sale of
TimberStar Southwest joint venture.
- Company revises full year 2008 adjusted earnings per diluted common
share guidance to $3Read More 04/04/2008
NEW YORK, April 4, 2008 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, today announced that it will release its
financial results for the first quarter of 2008 on Friday, May 2, 2008, prior
to the opening of the market.
The Company will host an earnings conference call reviewing these results
and its operations beginning at 10:00 a.m. EDT. This conference call will be
broadcast lRead More 04/01/2008
NEW YORK, April 1, 2008 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, announced today that it has closed on its
previously announced sale of its TimberStar Southwest joint venture and the
venture's approximately 900,000-acre portfolio of forestland and related
assets for $1.71 billion, including the assumption of debt.
TimberStar Southwest purchased the properties from InternatioRead More 03/07/2008
NEW YORK, March 7 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, announced today that the Company's Board of
Directors has declared a regular quarterly cash dividend on its common stock
of $0.87 per share for the quarter ending March 31, 2008. The $0.87 dividend
is payable on April 30, 2008 to holders of record at the close of business on
March 17, 2008.
The Company will host a cRead More 02/28/2008
- Total revenues reach $413.8 million and record $1.4 billion for the
fourth quarter and fiscal year 2007, respectively.
- Company records $134.9 million of non-cash mark-to-market impairments in
its Corporate Loan and Debt portfolio; also records loan loss provision
of $113.0 million in fourth quarter.
- Inclusive of non-cash impairments, adjusted earnings (loss) per diluted
common share were ($0.29) and $2.72 for the fourth quarter and fiRead More 02/19/2008
NEW YORK, Feb. 19 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, today announced that the partners in the
TimberStar Southwest venture have entered into an agreement to sell the
TimberStar Southwest joint venture and its approximate 900,000 acre portfolio
of forestland and related assets for $1.71 billion, including the assumption
of debt.
TimberStar Southwest is a joint venture Read More 02/15/2008
NEW YORK, Feb. 15 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, announced today that the Company's Board of
Directors has declared dividends on the Company's Series D, Series E, Series
F, Series G, and Series I Preferred Stock. For all five series of Preferred
Stock, dividends are payable on March 14, 2008 to holders of record on
February 29, 2008.
A dividend of $0.50 per share Read More 01/29/2008
NEW YORK, Jan. 29 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI) the leading publicly traded finance company focused on the
commercial real estate industry, announced today the tax treatment of its 2007
common and preferred stock dividends.
Common Stock Dividends
During 2007, taxable dividends for iStar Financial's common stock were
$3.595 per share. The Company's common stock is currently listed under the
CUSIP #45031U-101 and trades under the NYSE ticker symbol [Read More 01/28/2008
NEW YORK, Jan. 28 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, will participate in a moderated discussion at
the Citigroup 2008 Financial Services Conference on Tuesday, January 29, 2008
in New York, NY, at 2:45 p.m. EST.
iStar Financial's participation will be broadcast live over the
Internet and can be accessed through the Company's website,
http://www.istarfinancial.com. To Read More 01/28/2008
NEW YORK, Jan. 28 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, today announced that it will release its
financial results for the fourth quarter and fiscal year 2007 on Thursday,
February 28, 2008, prior to the opening of the market.
The Company will host an earnings conference call reviewing these results
and its operations beginning at 10:00 a.m. EST. This conference call willRead More
NEW YORK, Dec. 20 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, announced today that its Board of Directors
has declared a special cash dividend of $0.25 per common share payable on
January 14, 2008 to shareholders of record as of the close of business on
December 31, 2007. The decision to declare a special dividend was primarily
due to higher taxable income generated as a result of Read More 12/13/2007
NEW YORK, Dec. 13 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, announced today that it has priced an
offering of eight million shares of its common stock at a price to public of
$28.41 per share, after increasing the size of the offering in response to
investor demand. All of the shares were offered by the Company. The net
proceeds after deducting underwriting discounts and commissiRead More 12/12/2007
NEW YORK, Dec. 12 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, announced today that it has commenced an
underwritten public offering of 6 million shares of its common stock. The
Company intends to grant the underwriters an option to purchase up to 900,000
additional shares to cover over-allotments.
The Company intends to use the net proceeds from the offering to repay
outstandiRead More 12/05/2007
NEW YORK, Dec. 5 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, will host an Investor Day in New York City on
Thursday, December 6, 2007.
The event will feature presentations by the iStar executive team, a panel
discussion on construction financing and a moderated Q&A discussion with
senior management. Presentations are scheduled to begin at 2:00 p.m. EST and
run through 5:00 p.mRead More 12/04/2007
NEW YORK, Dec. 4 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, announced today that its Board of Directors
has declared a regular quarterly cash dividend on its common stock of $0.87
per share for the quarter ended December 31, 2007. The $0.87 dividend is
payable on December 31, 2007 to holders of record on December 17, 2007.
* * *
iRead More 11/15/2007
NEW YORK, Nov. 15 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, announced today that the Company's Board of
Directors has declared dividends on the Company's Series D, Series E, Series
F, Series G, and Series I Preferred Stock. For all five series of Preferred
Stock, dividends are payable on December 14, 2007 to holders of record on
November 30, 2007.
A dividend of $0.50 per shaRead More 11/13/2007
NEW YORK, Nov. 13 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, today announced that a registration statement
on Form S-1 has been filed with the Securities and Exchange Commission for an
initial public offering of the common stock of iStar Acquisition Corp.
iStar will discuss the filing in a conference call beginning at 10:00 a.m.
EST today. This conference call will be broadcasRead More 11/06/2007
Board of Directors Approves 5% Increase in Quarterly Dividend on Common Stock
- Adjusted earnings reach record of $1.07 per diluted common share, up 19%
year-over-year.
- Total revenues reach a record $419.4 million, up 68% year-over-year.
- Company expects fiscal year 2007 adjusted earnings per diluted common
share of $4.00 - $4.10 and diluted GAAP earnings per diluted common
share of $2.80 - $2.90.
- Company announces fiscal year 200Read More 10/15/2007
NEW YORK, Oct 15, 2007 /PRNewswire-FirstCall via COMTEX News Network/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, today announced that it will release its
financial results for the third quarter 2007 on Tuesday, November 6, 2007,
prior to the opening of the market.
The Company will host an earnings conference call reviewing these results
and its operations beginning at 10:00 a.m. EST. This conference call wiRead More 10/10/2007
NEW YORK, Oct. 10 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, announced today the pricing of $800 million
aggregate principle amount of its convertible senior floating rate notes due
2012. These Notes priced at par, mature on October 1, 2012, and will bear
interest at a rate per annum equal to 3-month LIBOR plus 0.50%. The offering
is expected to close on October 15, 2007.
TheRead More 10/09/2007
NEW YORK, Oct. 9 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, announced today its intention to commence an
underwritten public offering, subject to market conditions, of convertible
senior floating rate notes due 2012.
The Notes will be senior unsecured obligations of the Company and will
rank equally with all of the Company's other senior unsecured indebtedness.
iStar expects Read More 10/01/2007
NEW YORK, Oct. 1 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, announced today that its Board of Directors
has declared a regular quarterly cash dividend on its common stock of $0.825
per share for the quarter ended September 30, 2007. The $0.825 dividend is
payable on October 29, 2007 to holders of record on October 15, 2007.
iStar Financial Inc. is a leading publicly traded finRead More 08/15/2007
NEW YORK, Aug. 15 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, announced today that the Company's Board of
Directors has declared dividends on the Company's Series D, Series E, Series
F, Series G, and Series I Preferred Stock. For all five series of Preferred
Stock, dividends are payable on September 14, 2007 to holders of record on
August 31, 2007.
A dividend of $0.50 per sharRead More 08/01/2007
NEW YORK, Aug 01, 2007 /PRNewswire-FirstCall via COMTEX News Network/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, announced today that it intends to
reactivate its previously authorized stock repurchase program. As described in
the Company's Securities and Exchange documents, under the existing program,
the Company may currently purchase up to 2.7 million shares of common stock
from time to time through openRead More 07/30/2007
Adjusted earnings per diluted common share up 12% year-over-year to
$1.02.
New financing commitments totaled $1.8 billion in 36 separate
transactions.
Total revenues reached a record $317.3 million, up 33% year-over-year.
Subsequent to quarter end, the Company closed on its previously
announced acquisition of the commercial real estate lending business
from Fremont Investment & Loan.
Company increases fiscal year 2007 guidance for adjusted earnings per
Read More 07/11/2007
NEW YORK, July 11, 2007 /PRNewswire-FirstCall via COMTEX News Network/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, today announced that it will release its
financial results for the second quarter 2007 on Monday, July 30, 2007, prior
to the opening of the market.
The Company will host an earnings conference call reviewing these results
and its operations beginning at 10:00 a.m. EDT. This conference call willRead More 07/02/2007
NEW YORK, July 2 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, announced today that is has closed on its
previously announced transaction with Fremont Investment & Loan, a subsidiary
of Fremont General Corporation (NYSE: FMT). iStar acquired Fremont's
commercial real estate lending business and retained an interest in Fremont's
commercial loan portfolio in this transaction.
"TheRead More 07/02/2007
NEW YORK, July 2 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, announced today that its Board of Directors
has declared a regular quarterly cash dividend on its common stock of $0.825
per share for the quarter ended June 30, 2007. The $0.825 dividend is payable
on July 30, 2007 to holders of record on July 16, 2007.
iStar Financial Inc. is a leading publicly traded finance companRead More 06/21/2007
NEW YORK, June 21 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, announced today that Jay Sugarman, chairman
and chief executive officer, has adopted a new stock trading plan to sell a
portion of his company stock over time as part of a strategy for asset
diversification and liquidity.
The trading plan was adopted in accordance with guidelines specified by
the Securities and ExchRead More 06/04/2007
NEW YORK, June 4 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, will participate in a moderated discussion at
REITWeek(TM) 2007: NAREIT Investor Forum on Wednesday, June 6, 2007 in New
York, NY at 9:30 a.m. EDT.
iStar Financial's participation will be broadcast live over the Internet
and can be accessed through the Company's website, www.istarfinancial.com. To
listen, please go tRead More 05/22/2007
Transaction will significantly expand iStar's footprint and increase
regional reach
Will accelerate iStar's position as one of the strongest construction
and direct origination platforms in the industry
iStar's total assets to exceed $14 billion upon closing
Expected to be accretive in current fiscal year
NEW YORK, May 22 /PRNewswire-FirstCall/ -- iStar Financial Inc. (NYSE:
SFI), a leading publicly traded finance company focused on the commercial realRead More 05/15/2007
NEW YORK, May 15 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, announced today that the Company's Board of
Directors has declared dividends on the Company's Series D, Series E, Series
F, Series G, and Series I Preferred Stock. For all five series of Preferred
Stock, dividends are payable on June 15, 2007 to holders of record on June 1,
2007.
A dividend of $0.50 per share will beRead More 04/24/2007
--First quarter new financing commitments reached $1.7 billion in a record 44 separate transactions. -- Adjusted earnings per diluted common share were $0.93 for the first quarter 2007. -- Total revenues reached a record $290.8 million for the first quarter 2007, up 31% year-over year. -- Company announces strategic joint venture to further expand its European investment platform. -- Company affirms full year 2007 adjusted earnings per diluted common share guidance of $3.80 - $4.00 and diluted GRead More 04/10/2007
NEW YORK, April 10 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, today announced that it will release its
financial results for the first quarter 2007 on Tuesday, April 24, 2007, prior
to the opening of the market.
The Company will host an earnings conference call reviewing these results
and its operations beginning at 10:00 a.m. EDT. This conference call will be
broadcast live Read More 04/02/2007
NEW YORK, April 2 /PRNewswire-FirstCall/ -- iStar Financial Inc. (NYSE:
SFI), a leading publicly traded finance company focused on the commercial real
estate industry, announced today that its Board of Directors has declared a
regular quarterly cash dividend on its common stock of $0.825 per share for
the quarter ended March 31, 2007. The $0.825 dividend is payable on April 30,
2007 to holders of record on April 16, 2007.
iStar Financial Inc. is a leading publicly traded finance coRead More 03/06/2007
NEW YORK, March 6, 2007 /PRNewswire-FirstCall via COMTEX News Network/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, announced today that it has agreed to sell
$1.05 billion of senior unsecured notes; comprising two series of Fixed Rate
Senior Notes totaling $550 million and $500 million of Floating Rate Notes.
All of the Notes are senior unsecured debt securities of the Company.
The Company has agreed to sellRead More 02/22/2007
Board of Directors Approves 7.1% Increase in Quarterly Dividend on Common
Stock
Fourth quarter new financing commitments reached $1.84 billion in 39
separate transactions, up 10% year-over-year.
2006 origination volume increased to $6.1 billion, up 29% year-over-
year, in 121 total financing commitments.
2006 net asset growth reached $2.5 billion; total assets reached $11.0
billion at year-end.
Adjusted earnings per diRead More 02/14/2007
NEW YORK, Feb. 14 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, announced today that the Company's Board of
Directors has declared dividends on the Company's Series D, Series E, Series
F, Series G, and Series I Preferred Stock. For all five series of Preferred
Stock, dividends are payable on March 15, 2007 to holders of record on March
1, 2007.
A dividend of $0.50 per share willRead More 01/30/2007
NEW YORK, Jan. 29 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, will participate in a moderated discussion at
the 2007 Citigroup Financial Services Conference on Tuesday, January 30, 2007
in New York, NY, at 11:15 a.m. EST.
iStar Financial's participation will be broadcast live over the Internet
and can be accessed through the Company's website,
http://www.istarfinancial.com. TRead More 01/18/2007
NEW YORK, Jan. 18 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, announced today the tax treatment of its 2006
common and preferred stock dividends.
Common Stock Dividends
During 2006, dividends for iStar Financial's common stock were $3.08 per
share. The Company's common stock is currently listed under the CUSIP #45031U-
101 and trades under the NYSE ticker symbol [SFI]. ForRead More 01/11/2007
NEW YORK, Jan. 11 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, today announced that it will release its
financial results for the fourth quarter and fiscal year 2006 on Thursday,
February 22, 2007, prior to the opening of the market.
The company will host an earnings conference call reviewing these results
and its operations beginning at 10:00 a.m. EST. This conference call willRead More 01/09/2007
NEW YORK, Jan. 9 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI) announced today that pursuant to its previously announced consent
solicitation for certain series of its outstanding senior Notes, the Company
has received the requisite consents to adopt the proposed amendments to the
indentures governing each series of Notes.
The table below presents the results of the consent solicitation.
Securities Amount Outstanding % ConsentiRead More 01/04/2007
NEW YORK, Jan. 4 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI)
announced today that it has further extended the consent expiration date with
respect to a consent solicitation for its 7.000% Senior Notes due 2008, 4.875%
Senior Notes due 2009, 6.000% Senior Notes due 2010, 5.125% Senior Notes due
2011, 6.500% Senior Notes due 2013 and 5.700% Senior Notes due 2014 to 5:00
p.m. New York City time, on January 9, 2007, unless terminated or further
extended.
As of 5:00 p.m. New York Read More 01/03/2007
NEW YORK, Jan. 3 /PRNewswire-FirstCall/ -- iStar Financial Inc. (NYSE:
SFI), announced today that it has extended the consent expiration date with
respect to a consent solicitation for its 7.000% Senior Notes due 2008, 4.875%
Senior Notes due 2009, 6.000% Senior Notes due 2010, 5.125% Senior Notes due
2011, 6.500% Senior Notes due 2013 and 5.700% Senior Notes due 2014 to 5:00
p.m. New York City time, on January 3, 2007, unless terminated or further
extended.
As of 5:00 p.m. New YoRead More
Expects to Recognize $145 Million to $165 Million Gain
NEW YORK, May 21, 2019 /PRNewswire/ -- iStar Inc. (NYSE: STAR) announced a $112 million transaction with Bowlero, the largest operator of bowling entertainment venues in the world, consisting of the purchase of nine bowling centers for $57 million and a commitment to purchase up to $55 million of additional bowling centers over the next several years. The new centers will be added to two of iStar's existing master net leases with Bowlero Read More 05/16/2019
NEW YORK, May 16, 2019 /PRNewswire/ -- iStar (NYSE: STAR) announced today that the Company's Board of Directors has declared quarterly dividends on the Company's Preferred Stock for the second quarter of 2019. Dividends for all four series of Preferred Stock are payable on June 17, 2019 to holders of record on June 3, 2019.
Series of Stock
Liquidation
Preference
Dividend
Per Share
Read More 05/06/2019
NEW YORK, May 6, 2019 /PRNewswire/ -- iStar Inc. (NYSE: STAR) announced that the Company's Board of Directors has declared common stock dividends of $0.10 per share for the second quarter of 2019, an increase of 11%. The dividend represents an annualized rate of $0.40 per share and is payable on May 31, 2019 to holders of record on May 15, 2019.
* * *
iStar Inc. (NYSE: STAR) is focused on reinventing the ground lease sector, unlocking value for real estate owners throughout the countRead More 05/02/2019
Earnings Report Announces Executive Management Change
NEW YORK, May 2, 2019 /PRNewswire/ -- iStar (NYSE: STAR) today reported results for the first quarter ended March 31, 2019.
Highlights for the quarter include:
Net income (loss) of ($17.6) million or ($0.26) per diluted share
Adjusted income of ($0.1) million or ($0.00) per diluted share
Deployed $876 million of capital
Sold $100 million of legacy assets; net gain of $5 million associated with legacy assets Read More 04/16/2019
NEW YORK, April 16, 2019 /PRNewswire/ -- iStar Inc. (NYSE: STAR) announced today that it will release its financial results for the first quarter 2019 on Thursday, May 2, 2019, prior to the opening of the market.
The Company will host an earnings conference call reviewing these results and its operations beginning at 10:00 a.m. ET. This conference call will be broadcast live and can be accessed by all interested parties through iStar's website, www.istar.com, in the "Investors" section.
The dRead More 04/09/2019
Current Director Dale Anne Reiss Has Decided Not to Stand for Re-Election
NEW YORK, April 9, 2019 /PRNewswire/ -- iStar Inc. (NYSE: STAR) announced today that its Board of Directors has nominated Richard Lieb for election as a Director at its 2019 Annual Meeting of Shareholders on May 16. All current Directors will stand for re-election with the exception of Dale Anne Reiss, a Director since 2008, who has decided not to stand for re-election and will continue to serve as Director until May 16Read More 03/25/2019
NEW YORK, March 25, 2019 /PRNewswire/ -- iStar (NYSE: STAR) announced that it has entered into a definitive agreement to sell its portfolio of seven cold storage properties leased to Preferred Freezer Services, LLC to a third party for a price of $442.5 million, including the assumption of $228 million of debt by the purchaser. The Company currently expects to record a gain of approximately $215 million in its financial statements in the quarter in which the sale closes. The transaction is expecRead More 03/11/2019
Vice Chairman & Chief Legal Officer Nina Matis to Retire
NEW YORK, March 11, 2019 /PRNewswire/ -- iStar Inc. (NYSE: STAR) announced the appointment of Douglas Heitner as Chief Legal Officer and the retirement of Vice Chairman and Chief Legal Officer, Nina Matis. Mr. Heitner joins the iStar executive team effective March 11, 2019 and Ms. Matis will remain on the executive team as Vice Chairman until July to oversee a smooth transition. Mr. Heitner will report to Jay Sugarman, Chairman and Read More 02/25/2019
Earnings Report
NEW YORK, Feb. 25, 2019 /PRNewswire/ -- iStar (NYSE: STAR) today reported results for the fourth quarter and fiscal year ended December 31, 2018.
The Company reported a fourth quarter net loss of ($115.5) million, or ($1.70) per share and adjusted income of $42.6 million, or $0.53 per share. In fiscal year 2018, the Company reported a net loss of ($64.8) million, or ($0.95) per share and adjusted income of $222.3 million or $2.76 per share.
"We've begun the process of implemRead More 02/21/2019
NEW YORK, Feb. 21, 2019 /PRNewswire/ -- iStar (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 first quarter of 2019. For the Common Stock and all four series of Preferred Stock, dividends are payable on March 15, 2019 to holders of record on March 4, 2019.
Series of Stock
Liquidation
Preference
DividenRead More 02/14/2019
NEW YORK--(BUSINESS WIRE)--Feb. 14, 2019-- As part of its mission to reinvent ground leases and better serve the capital needs of the real estate market, Safety, Income & Growth Inc. has rebranded and changed its company name to Safehold Inc., officially effective on February 25, 2019. This rebrand reflects the natural evolution of Safehold's business, better projecting the benefits of the company's market-leading offering and positioning it to further expand its reach and become the industrRead More 02/01/2019
NEW YORK, Feb. 1, 2019 /PRNewswire/ -- iStar (NYSE: STAR) announced today that it will release its financial results for the fourth quarter and fiscal year 2018 on Monday, February 25, 2019, prior to the opening of the market.
The Company will host an earnings conference call reviewing these results and its operations beginning at 10:00 a.m. ET. This conference call will be broadcast live and can be accessed by all interested parties through iStar's website, www.istar.com, in the "Investors" seRead More 01/18/2019
NEW YORK, Jan. 18, 2019 /PRNewswire/ -- iStar (NYSE: STAR) announced the tax treatment of its 2018 common and preferred stock dividends.
iStar Common Stock
NYSE: STAR
CUSIP: 45031U-101
Record
Date
Payment
Date
Distribution per
Share
Ordinary
Income
Unrecaptured
Section 1250 Gain
Capital
Gain
0Read More 01/03/2019
NEW YORK, Jan. 3, 2019 /PRNewswire/ -- iStar Inc. (NYSE: STAR) and Safety, Income & Growth Inc. (NYSE: SAFE) jointly announced today that iStar has made an additional $250 million equity investment in SAFE as part of an expanded effort to accelerate SAFE's growth. The investment provides SAFE with new capital to pursue approximately $750 million of new ground leases assuming SAFE's targeted two-to-one debt-to-equity ratio. Since going public 18 months ago, SAFE has nearly tripled the size ofRead More 12/05/2018
NEW YORK, Dec. 5, 2018 /PRNewswire/ -- iStar (NYSE: STAR) announced that Moody's has raised the Company's corporate family and senior unsecured credit ratings to Ba3 from B1. Additionally, Moody's upgraded iStar's preferred stock rating to B2 from B3 and maintained a stable rating outlook. This represents the second Moody's upgrade in the last 15 months. Upgrades were based on a combination of solid operating performance from core businesses, substantial reduction of legacy assets, and improved Read More 12/03/2018
NEW YORK, Dec. 3, 2018 /PRNewswire/ -- iStar (NYSE: STAR) announced today that Jason Fooks, Head of Investor Relations, will present at the Bank of America Merrill Lynch 2018 Leveraged Finance Conference in Boca Raton, FL on Wednesday, December 5, 2018 at 11:30 am ET.
iStar's remarks will be broadcast live over the internet and can be accessed by all interested parties through iStar's website, www.istar.com, in the "Investors" section. For those who are not able to listen to the live broadcast,Read More 11/30/2018
NEW YORK, Nov. 30, 2018 /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 dividend paid on August 31, 2018 and the common stock cash dividend with an ex-dividend date of November 14, 2018 to be paid on November 30, 2018.
3.125% Convertible Senior Notes Due 2022
The conversion rate applicable to tRead More 11/15/2018
NEW YORK, Nov. 15, 2018 /PRNewswire/ -- iStar (NYSE: STAR) announced today that the Company's Board of Directors has declared quarterly dividends on the Company's outstanding shares of Preferred Stock. For all four series of Preferred Stock, dividends are payable on December 17, 2018 to holders of record on December 3, 2018.
Series of Preferred Stock
Liquidation
Preference
Dividend
Per Share
Read More 11/01/2018
Earnings Report
NEW YORK, Nov. 1, 2018 /PRNewswire/ -- iStar (NYSE: STAR) today reported results for the third quarter ended September 30, 2018.
The Company published a presentation detailing its results and a reconciliation of its non-GAAP financial metrics, which can be found on its website, www.istar.com, in the "Investors" section.
Highlights for the quarter include:
Net income (loss) of ($19.0) million or ($0.28) per diluted share for the third quarter and $50.7 million or Read More 10/31/2018
NEW YORK, Oct. 31, 2018 /PRNewswire/ -- iStar Inc. (NYSE: STAR) announced today that the Company's Board of Directors has declared common stock dividends of $0.09 per share for the fourth quarter of 2018. The dividend represents an annualized rate of $0.36 per share and is payable on November 30 to holders of record on November 15, 2018.
* * *
iStar (NYSE: STAR) finances, invests in and develops real estate and real estate related projects as part of its fully-integrated inveRead More 10/04/2018
NEW YORK, Oct. 4, 2018 /PRNewswire/ -- iStar (NYSE: STAR) announced today that it will release its financial results for the third quarter on Thursday, November 1, 2018, prior to the opening of the market.
The Company will host an earnings conference call reviewing these results and its operations beginning at 10:00 a.m. ET. This conference call will be broadcast live and can be accessed by all interested parties through iStar's website, www.istar.com, in the "Investors" section.
The dial-in Read More 09/10/2018
NEW YORK, Sept. 10, 2018 /PRNewswire/ -- Jay Sugarman, Chairman and Chief Executive Officer of iStar (NYSE: STAR) and Safety, Income & Growth (NYSE: SAFE), will present at the 2018 Barclays Financial Services Conference in New York, NY on Thursday, September 13, 2018 at 11:15 am ET.
Mr. Sugarman's remarks will be broadcast live over the internet and can be accessed by all interested parties through iStar's website, www.istar.com, in the "Investors" section. For those who are not able to lisRead More 08/15/2018
NEW YORK, Aug. 15, 2018 /PRNewswire/ -- iStar (NYSE: STAR) announced today that the Company's Board of Directors has declared quarterly dividends on the Company's outstanding shares of Preferred Stock. For all four series of Preferred Stock, dividends are payable on September 17, 2018 to holders of record on September 4, 2018.
Series of Preferred Stock
Liquidation
Preference
Dividend
Per Share
8.00% Series D Preferred Stock
$25.00
$0.50
Read More 08/02/2018
Earnings Report
NEW YORK, Aug. 2, 2018 /PRNewswire/ -- iStar (NYSE: STAR) today reported results for the second quarter ended June 30, 2018.
The Company published a presentation detailing its results and a reconciliation of its non-GAAP financial metrics, which can be found on its website, www.istar.com, in the "Investors" section.
Highlights for the quarter include:
Net income of $42.9 million or $0.54 per diluted share
Adjusted net income of $43.6 million or $0.55 perRead More 07/12/2018
NEW YORK, July 12, 2018 /PRNewswire/ -- iStar (NYSE: STAR) announced today that it will release its financial results for the second quarter 2018 on Thursday, August 2, 2018, after the closing of the market.
The Company will host an earnings conference call reviewing these results and its operations beginning at 5:00 p.m. ET. This conference call will be broadcast live and can be accessed by all interested parties through iStar's website, www.istar.com, in the "Investors" section.
The diaRead More 07/10/2018
Designed by Creative Visionary Anda Andrei and NYC's Handel Architects; Raises the Ante for Luxury on the Eastern Seaboard and Offers Buyers Access to the Ultimate Oceanfront Lifestyle
AsburyOceanClub.com // @AsburyOceanClub
ASBURY PARK, N.J., July 10, 2018 /PRNewswire/ -- A legendary live music scene. A booming restaurant culture. A shoreline to rival any around, all just a stone's throw from NYC. The nation's hottest hotel that offers international crowds a place to stay. And now: a plRead More 07/02/2018
Marcos Alvarado, Chief Investment Officer, Promoted to President
Andrew C. Richardson, President of Land & Development, Named Chief Financial Officer
NEW YORK, July 2, 2018 /PRNewswire/ -- iStar Inc. (NYSE: STAR) today announced promotions among its senior management team. Marcos Alvarado, who recently joined iStar as Chief Investment Officer, has also been named President, effective immediately. Andrew C. Richardson, who recently returned to the firm as President of Land & DevelopRead More 06/20/2018
NEW YORK, June 20, 2018 /PRNewswire/ -- iStar Inc. (NYSE: STAR) announced it has received commitments from lenders to re-price, amend and extend its senior secured term loan. The principal amount of the amended term loan will be increased to $650 million from $377 million, the annual interest rate will be reduced to LIBOR plus 2.75% from LIBOR plus 3.00% and the maturity date will be extended to June 2023 from October 2021. The amended term loan will be priced at 99.875% and call protection for Read More 06/12/2018
Transaction marks one of the largest retail real estate trades in Arizona history
NEW YORK, June 12, 2018 /PRNewswire/ -- iStar (NYSE: STAR) announced today it has completed the repositioning and sale of the Westgate Entertainment District, Arizona's premier sports and entertainment destination, to YAM Properties LLC for $133 million.
The transaction is the culmination of iStar's long-term vision to transform a struggling retail center in the Phoenix metropolitan area surrounded by 70-pluRead More 06/11/2018
NEW YORK, June 11, 2018 /PRNewswire/ -- iStar Inc. (NYSE: STAR) announced it is seeking lender commitments to upsize, reprice and extend its existing senior secured term loan facility. The amended term loan will be collateralized by existing and new collateral. As part of the transaction, the Company expects to extend the term loan's maturity from October 2021 to June 2023, obtain new asset addition and substitution flexibility within specified parameters, and gain the ability to pay dividends sRead More 06/05/2018
NEW YORK, June 5, 2018 /PRNewswire/ -- iStar (NYSE: STAR) announced today that Jay Sugarman, Chairman and Chief Executive Officer, will participate in a moderated discussion at Nareit's REITweek 2018 Investor Conference in New York, NY on Thursday, June 7, 2018 at 9:30 am ET.
iStar's remarks will be broadcast live and can be accessed by all interested parties through iStar's website, www.istar.com, in the "Investors" section. For those who are not able to listen to the live broadcast, a replaRead More 05/30/2018
NEW YORK, May 30, 2018 /PRNewswire/ -- iStar (NYSE: STAR) announced today that Jay Sugarman, Chairman and Chief Executive Officer, will present at the 2018 Keefe, Bruyette & Woods Mortgage Finance & Asset Management Conference in New York, NY on Thursday, May 31, 2018 at 9:20 am ET. iStar's remarks will be broadcast live over the internet and can be accessed by all interested parties through iStar's website, www.istar.com, in the "Investors" section. For those who are not able to liRead More 05/16/2018
NEW YORK, May 16, 2018 /PRNewswire/ -- iStar (NYSE: STAR) announced today that the Company's Board of Directors has declared quarterly dividends on the Company's outstanding shares of Preferred Stock. For all four series of Preferred Stock, dividends are payable on June 15, 2018 to holders of record on June 1, 2018.
Series of Preferred Stock
Liquidation
Preference
Dividend
Per Share
8.00% Series D Preferred Stock
$25.00
$0.50
Read More 05/03/2018
Earnings Report Earnings Presentation
NEW YORK, May 3, 2018 /PRNewswire/ -- iStar (NYSE: STAR) today reported results for the first quarter ended March 31, 2018.
Highlights for the quarter include:
Net income of $26.8 million or $0.35 per share
Adjusted income of $132.3 million or $1.61 per share
$328 million in new loan and net lease originations
$287 million in sales proceeds of legacy assets generating $70 million in profit
Marcos Alvarado joined as newRead More 04/23/2018
NEW YORK, April 23, 2018 /PRNewswire/ -- iStar (NYSE: STAR) announced today that it has released a digital version of its Annual Review for the first time, which can be accessed by visiting: istar.com/annualreport2017. The Annual Review highlights 2017 as a significant year marked by tangible progress: delivered strong earnings performance, executed a transformative capital markets transaction, received upgrades from all three major rating agencies, launched a revolutionary new company – Safety,Read More 04/17/2018
NEW YORK, April 17, 2018 /PRNewswire/ -- iStar (NYSE: STAR) announced today that it will release its financial results for the first quarter 2018 on Thursday, May 3, 2018, prior to the opening of the market.
The Company will host an earnings conference call reviewing these results and its operations beginning at 10:00 a.m. ET. This conference call will be broadcast live and can be accessed by all interested parties through iStar's website, www.istar.com, in the "Investors" section.
The diRead More 03/27/2018
Andrew Richardson Joins as President of Land Portfolio and Interim CFO
NEW YORK, March 27, 2018 /PRNewswire/ -- iStar (NYSE: STAR) announced today that it has hired Andrew C. Richardson to lead a focused portfolio of longer-term land and development assets as part of its ongoing efforts to monetize and efficiently manage the Company's land and operating property portfolio.
"We have made great progress in working through our legacy asset portfolio, with significant liquidity and profits genRead More 03/15/2018
Taking Lanes to World Stage, The Bowery Presents to Become Exclusive Live-Music Booker
Bowling Alley Will Roar Back to Life; Classic Diner to Dish Up Favorites 24/7
For Master Developer iStar, the Lanes Furthers Commitment to Asbury Park's Future
ASBURY PARK, N.J., March 15, 2018 /PRNewswire/ -- Part CBGB, part Cheers, and part Barney's Bowlarama, Asbury Lanes embodies everything special about Asbury Park, the character-filled Jersey Shore city whose revival has made it the comeback stoRead More 02/27/2018
NEW YORK, Feb. 27, 2018 /PRNewswire/ -- iStar Inc. (NYSE: STAR) announced that that Marcos Alvarado has joined the firm as Chief Investment Officer. Mr. Alvarado will be a member of the senior executive team, responsible for overseeing originations and driving growth across the company's diversified $5 billion investment portfolio. He will report to Jay Sugarman, Chairman and CEO.
"Marcos brings significant real estate investment experience as well as valuable leadership and perspective to ouRead More 02/26/2018
Earnings Report Earnings Supplemental
NEW YORK, Feb. 26, 2018 /PRNewswire/ -- iStar (NYSE: STAR) today reported results for the quarter and fiscal year ended December 31, 2017. The Company has also published a supplemental to this earnings release which is available at www.istar.com in the "Investors" section.
"2017 was a strong year for iStar. Our accomplishments include successfully delivering significant earnings, executing $2 billion of transformative capital markets transactRead More 02/15/2018
NEW YORK, Feb. 15, 2018 /PRNewswire/ -- iStar (NYSE: STAR) announced today that the Company's Board of Directors has declared quarterly dividends on the Company's outstanding shares of Preferred Stock. For all four series of Preferred Stock, dividends are payable on March 15, 2018 to holders of record on March 1, 2018.
Series of Preferred Stock
Liquidation
Preference
Dividend
Per Share
8.00% Series D Preferred Stock
$25.00
$0.50
Read More 02/05/2018
NEW YORK, Feb. 5, 2018 /PRNewswire/ -- iStar (NYSE: STAR) announced today that it will release its financial results for the fourth quarter and fiscal year 2017 on Monday, February 26, 2018, prior to the opening of the market.
The Company will host an earnings conference call reviewing these results and its operations beginning at 10:00 a.m. ET. This conference call will be broadcast live and can be accessed by all interested parties through iStar's website, www.istar.com, in the "Investors" Read More 01/22/2018
NEW YORK, Jan. 22, 2018 /PRNewswire/ -- iStar (NYSE: STAR) announced the tax treatment of its 2017 preferred stock dividends.
8.00% Series D Preferred Stock | Liquidation Preference: $25.00
NYSE: STAR prD
CUSIP: 45031U-408
Record
Date
Payment
Date
Distribution per
Share
Ordinary
Income
Unrecaptured
Section 1250 Gain
Capital
Gain
03/01/17
03/15/17
$0.500000
$0.000000
$0.139476
$0.360524
Read More 11/22/2017
NEW YORK, Nov. 22, 2017 /PRNewswire/ -- iStar (NYSE: STAR) announced today that Geoffrey G. Jervis, chief operating officer and chief financial officer, will present at the 2017 Bank of America Merrill Lynch Leveraged Finance Conference in Boca Raton, FL on Wednesday, November 29, 2017 at 7:30 am ET.
iStar's remarks will be broadcast live and can be accessed by all interested parties through iStar's website, www.istar.com, in the "Investors" section. For those who are not able to listen to thRead More 11/15/2017
NEW YORK, Nov. 15, 2017 /PRNewswire/ -- iStar (NYSE: STAR) announced today that the Company's Board of Directors has declared quarterly dividends on the Company's outstanding shares of Preferred Stock. For all four series of Preferred Stock, dividends are effective on November 15, 2017, payable on December 15, 2017 to holders of record on December 1, 2017.
Series of Preferred Stock
Liquidation
Preference
Dividend
Per Share
8.00% Series D Preferred SRead More 11/02/2017
Earnings Report Earnings Supplemental
NEW YORK, Nov. 2, 2017 /PRNewswire/ -- iStar (NYSE: STAR) today reported results for the quarter ended September 30, 2017. The Company has also published a supplemental to this earnings release which is available at www.istar.com in the "Investors" section.
Highlights
Net income (loss) and adjusted income (loss) for the third quarter were $(0.48) and $(0.05), respectively, per diluted common share.
Executed a comprehensiRead More 10/18/2017
NEW YORK, Oct. 18, 2017 /PRNewswire/ -- iStar Inc. (NYSE: STAR) announced the appointment of Kate Doerge as the Senior Vice President of Marketing. In this new role, Doerge will bring her fashion, luxury brand, and lifestyle marketing experience to the commercial real estate world in the creative and innovative manner, for which iStar is known. Commenting on the appointment of Ms. Doerge to this position, Jay Sugarman, Chairman and CEO said, "We are excited to have Kate join our organizatRead More 10/09/2017
NEW YORK, Oct. 9, 2017 /PRNewswire/ -- iStar (NYSE: STAR) announced today that it will release its financial results for the third quarter 2017 on Thursday, November 2, 2017, prior to the opening of the market.
The Company will host an earnings conference call reviewing these results and its operations beginning at 10:00 a.m. ET. This conference call will be broadcast live over the internet and can be accessed by all interested parties through iStar's website, www.istar.com, in the "InvestorsRead More 09/21/2017
NEW YORK, Sept. 21, 2017 /PRNewswire/ -- iStar (NYSE: STAR) announced that it has successfully completed a transformative set of capital markets transactions that have enhanced its capital structure and improved its earnings profile.
The comprehensive set of transactions address all parts of the Company's capital structure, resulting in iStar having:
Repaid all 2017 and 2018 debt maturities, leaving no corporate debt maturities for the next 21 months
Extended its weighted aveRead More 09/14/2017
NEW YORK, Sept. 14, 2017 /PRNewswire/ -- iStar (NYSE: STAR) announced today that it has agreed to sell at par $400.0 million aggregate principal amount of its 4.625% senior unsecured notes due 2020 and $400.0 million aggregate principal amount of its 5.25% senior unsecured notes due 2022.
iStar has also agreed to sell at par $250.0 million aggregate principal amount of its 3.125% senior convertible notes due 2022 in a separate private offering. The senior convertible notes will be convertibRead More 09/14/2017
NEW YORK, Sept. 14, 2017 /PRNewswire/ -- iStar (NYSE: STAR) announced today that it has launched an offering of $800 million aggregate principal amount of senior unsecured notes due 2020 and 2022, and a separate private offering of $250 million aggregate principal amount of senior convertible notes due 2022. The initial purchasers of the senior convertible notes will have the option to purchase up to an additional $37.5 million aggregate principal amount of the senior convertible notes. The ofRead More 09/11/2017
NEW YORK, Sept. 11, 2017 /PRNewswire/ -- iStar Inc. (NYSE: STAR) announced today that it has engaged J.P. Morgan, Barclays and Bank of America Merrill Lynch to arrange a repricing and extension of iStar's existing senior secured term loan facility. In connection with the repricing, iStar would utilize cash on hand to repay outstanding loans under the facility to reduce the facility's aggregate principal amount from $473 million to $400 million. The maturity date of the facility would be extendRead More 08/15/2017
NEW YORK, Aug. 15, 2017 /PRNewswire/ -- iStar (NYSE: STAR) announced today that the Company's Board of Directors has declared dividends on the Company's Series D, Series E, Series F, Series G, Series I and Series J Preferred Stock. For all six series of Preferred Stock, dividends are payable on September 15, 2017 to holders of record on September 1, 2017.
Series of Preferred Stock
Liquidation
Preference
Dividend
Per Share
8.00% Series D PreferrRead More 08/03/2017
Earnings Report Earnings Supplemental
NEW YORK, Aug. 3, 2017 /PRNewswire/ -- iStar (NYSE: STAR) today reported results for the quarter ended June 30, 2017.
Highlights
Net income and adjusted income for the second quarter was $2.04 and $2.28, respectively, per diluted common share.
Successful IPO of Safety, Income & Growth Inc. (NYSE: SAFE), the first publicly traded company exclusively focused on ground leases.
Largest shareholder of SAFE (28% of sharRead More 07/31/2017
NEW YORK, July 31, 2017 /PRNewswire/ -- iStar (STAR) announced today that it will release its financial results for the second quarter 2017 on Thursday, August 3, 2017, prior to the opening of the market.The Company will host an earnings conference call reviewing these results and its operations beginning at 10:00 a.m. ET. This conference call will be broadcast live over the internet and can be accessed by all interested parties through iStar's website, www.istar.com, in the "Investors" section.Read More 06/06/2017
NEW YORK, June 6, 2017 /PRNewswire/ -- iStar (NYSE: STAR) announced today that Geoffrey G. Jervis, chief operating officer and chief financial officer, will present at the Barclays High Yield Bond & Syndicated Loan Conference in Colorado Springs, CO on Thursday, June 8, 2017 at 4:45 pm MT / 6:45 pm ET.
iStar's presentation will be broadcast live over the internet and can be accessed by all interested parties through iStar's website, www.istar.com, in the "Investors" section. For those whoRead More 05/26/2017
NEW YORK, May 26, 2017 /PRNewswire/ --
iStar (NYSE: STAR) announced today that Geoffrey G. Jervis, chief operating officer and chief financial officer, will present at REITWeek 2017: NAREIT's Investor Forum in New York, NY on Tuesday, June 6, 2017 at 3:45 pm ET.
iStar's remarks will be broadcast live over the internet and can be accessed by all interested parties through iStar's website, www.istar.com, in the "Investors" section. For those who are not able to listen to the live broadcast,Read More 05/23/2017
NEW YORK, May 23, 2017 /PRNewswire/ --
iStar (NYSE: STAR) announced today that Geoffrey G. Jervis, chief operating officer and chief financial officer, will present at the 2017 Keefe, Bruyette & Woods Mortgage Finance Conference in New York, NY on Thursday, June 1, 2017 at 10:55 am ET.
iStar's remarks will be broadcast live over the internet and can be accessed by all interested parties through iStar's website, www.istar.com, in the "Investors" section. For those who are not able to lRead More 05/18/2017
NEW YORK, May 18, 2017 /PRNewswire/ -- iStar (NYSE: STAR) announced that Fitch Ratings launched coverage on iStar, assigning ratings for the Company's senior secured debt, senior unsecured debt and long-term issuer default rating with positive outlook. The following table summarizes Fitch's ratings:
Rating
Senior Secured Debt
BB+
Senior Unsecured Debt
BB
Long-Term Issuer Default Rating (IDR)
B+
Read More 05/17/2017
NEW YORK, May 17, 2017 /PRNewswire/ -- iStar (NYSE: STAR) announced today that the Company's Board of Directors has declared dividends on the Company's Series D, Series E, Series F, Series G, Series I and Series J Preferred Stock. For all six series of Preferred Stock, dividends are payable on June 15, 2017 to holders of record on June 1, 2017.
Series of Preferred Stock
Liquidation
Preference
Dividend
Per Share
8.00% Series D Preferred Stock
$2Read More 05/04/2017
Earnings Report Earnings Supplemental
NEW YORK, May 4, 2017 /PRNewswire/ -- iStar (NYSE: STAR) today reported results for the quarter ended March 31, 2017.
Highlights
Net income (loss) and adjusted income (loss) for the first quarter was $(0.38) and $(0.16), respectively, per diluted common share.
Transactions consummated subsequent to the end of the first quarter are expected to generate an estimated $240 million of income in the second quarter.
2017 full Read More 04/19/2017
NEW YORK, April 19, 2017 /PRNewswire/ -- iStar (NYSE: STAR) announced today that it will release its financial results for the first quarter 2017 on Thursday, May 4, 2017, prior to the opening of the market.
The Company will host an earnings conference call reviewing these results and its operations beginning at 10:00 a.m. ET. This conference call will be broadcast live over the internet and can be accessed by all interested parties through iStar's website, www.istar.com, in the "Investors" sRead More 04/14/2017
NEW YORK, April 14, 2017 /PRNewswire/ -- iStar (NYSE: STAR) announced that the United States Court of Appeals for the Fourth Circuit affirmed in its entirety the judgment of the United States District Court for the District of Maryland in the matter of U.S. Home Corporation ("Lennar") v. Settlers Crossing, L.L.C., iStar Inc. ("iStar") et al.
The District Court determined that iStar was entitled to specific performance from Lennar in the amount of (i) the remaining $114 million purchase price Read More 03/08/2017
NEW YORK, March 8, 2017 /PRNewswire/ --iStar (NYSE: STAR) announced today that it has launched an offering, subject to market and other conditions, of $375 million aggregate principal amount of Senior Unsecured Notes due April 2022. The Company intends to use the net proceeds of the offering and cash on hand to repay in full its 5.85% Senior Notes due March 2017, to redeem in full its 9.00% Senior Notes due June 2017 and to pay related expenses.
BofA Merrill Lynch, J.P. Morgan, Barclays, CitiRead More 03/08/2017
NEW YORK, March 8, 2017 /PRNewswire/ -- iStar (NYSE: STAR) announced today that it has agreed to sell at par $375 million aggregate principal amount of its 6.00% Senior Unsecured Notes due April 2022. The Company intends to use the net proceeds of the offering and cash on hand to repay in full its 5.85% Senior Notes due March 2017, to redeem in full its 9.00% Senior Notes due June 2017 and to pay related expenses.
BofA Merrill Lynch, J.P. Morgan, Barclays, Citigroup, Morgan Stanley, Raymond JRead More 02/24/2017
Earnings Report
NEW YORK, Feb. 24, 2017 /PRNewswire/ -- iStar (NYSE: STAR) today reported results for the fiscal year ended December 31, 2016.
2016 Highlights
Company exceeded its target of 50% year-over-year earnings growth.
Net income (loss) for the fiscal year was $0.55 per diluted common share, versus $(0.62) for the prior year.
Adjusted income for the fiscal year was $1.15 per diluted common share, versus $0.35 for the prior year.
Originated $692 Read More 02/15/2017
NEW YORK, Feb. 15, 2017 /PRNewswire/ -- iStar (NYSE: STAR) announced today that the Company's Board of Directors has declared dividends on the Company's Series D, Series E, Series F, Series G, Series I and Series J Preferred Stock. For all six series of Preferred Stock, dividends are payable on March 15, 2017 to holders of record on March 1, 2017.
Series of Preferred Stock
Liquidation
Preference
Dividend
Per Share
8.00% Series D Preferred Stock
Read More 02/13/2017
NEW YORK, Feb. 13, 2017 /PRNewswire/ -- iStar (NYSE: STAR) announced today that it will release its financial results for the fiscal year 2016 on Friday, February 24, 2017, prior to the opening of the market.
The Company will host an earnings conference call reviewing these results and its operations beginning at 10:00 a.m. ET. This conference call will be broadcast live over the internet and can be accessed by all interested parties through iStar's website, www.istar.com, in the "Investors" Read More 01/31/2017
NEW YORK, Jan. 31, 2017 iStar (NYSE: STAR) announced today the tax treatment of its 2016 preferred stock dividends.
8.00% Series D Preferred Stock | Liquidation Preference: $25.00
NYSE: STAR prD
CUSIP: 45031U-408
Record
Date
Payment
Date
Distribution
per Share
Ordinary
Income
Unrecaptured
Section 1250 Gain
Capital
Gain
03/01/16
03/15/16
$0.5000000
$0.263537
$0.180067
$0.056396
06Read More 01/27/2017
NEW YORK, Jan. 27, 2017 /PRNewswire/ -- iStar (NYSE: STAR) announced today that it has received commitments from lenders to reprice its $497 million senior secured credit facility and increase the balance to $500 million. The term loan will now bear interest at an annual rate of LIBOR + 3.75% with a 1.00% LIBOR floor, a reduction from the prior rate of LIBOR + 4.50% with a 1.00% LIBOR floor. Call protection for lenders was reset for six months. All other terms of the facility, including its JuneRead More 01/23/2017
NEW YORK, Jan. 23, 2017 /PRNewswire/ -- iStar (NYSE: STAR) announced today that it has engaged J.P. Morgan, Barclays Capital and Bank of America Merrill Lynch to arrange a $450 million senior secured term loan facility to reprice and partially repay iStar's existing $497 million senior secured credit facility. The proposed facility will be collateralized by the same pool with the same 1.25x collateral coverage and the same maturity date as the existing facility.
J.P. Morgan is acting as LeadRead More 01/20/2017
Just Named Best New Hotel in America, The Asbury Launches Winter Programming and Announces News for Summer 2017
ASBURY PARK, N.J., Jan. 20, 2017 /PRNewswire/ -- Since opening on Memorial Day 2016, The Asbury Hotel in Asbury Park, NJ, has made waves with its breathtaking design, unique programming, and sold out occupancy.
Experience the interactive Multimedia News Release here: http://www.multivu.com/players/English/7578755-the-asbury-best-new-hotel-in-america
Just ranked #1 on USA Read More 11/16/2016
NEW YORK, Nov. 16, 2016 /PRNewswire/ -- iStar (NYSE: STAR) announced today that it will be added as a constituent to the MSCI US REIT Index (RMZ), effective at the close of market on November 30, 2016.
"We are pleased to now be represented in the RMZ as a diversified REIT," said Jay Sugarman, iStar's chairman and chief executive officer. "Our inclusion in one of the most widely followed REIT indices will make our unique investment platform more visible and allow us to reach a broader pool of Read More 11/15/2016
NEW YORK, Nov. 15, 2016 /PRNewswire/ -- iStar (NYSE: STAR) announced today that the Company's Board of Directors has declared dividends on the Company's Series D, Series E, Series F, Series G, Series I and Series J Preferred Stock. For all six series of Preferred Stock, dividends are payable on December 15, 2016 to holders of record on December 1, 2016.
Series of Preferred Stock
Liquidation
Preference
Dividend
Per Share
8.00% Series D Preferred StocRead More 11/03/2016
Earnings Report - Net income grew to $0.44 per diluted common share from a loss of $(0.07) in the third quarter of last year.
- Adjusted income grew to $0.47 per diluted common share from $0.25 in the third quarter of last year.
NEW YORK, Nov. 3, 2016 /PRNewswire/ -- iStar (NYSE: STAR) today reported results for the third quarter ended September 30, 2016.
Third Quarter 2016 Results
iStar reported net income allocable to common shareholders for the third quarter of $46.3 milRead More 10/17/2016
NEW YORK, Oct. 17, 2016 /PRNewswire/ -- iStar (NYSE: STAR) announced today that it will release its financial results for the third quarter 2016 on Thursday, November 3, 2016, prior to the opening of the market.
The Company will host an earnings conference call reviewing these results and its operations beginning at 10:00 a.m. ET. This conference call will be broadcast live over the internet and can be accessed by all interested parties through iStar's website, www.istar.com, in the "InvestorRead More 08/15/2016
NEW YORK, Aug. 15, 2016 /PRNewswire/ -- iStar (NYSE: STAR) announced today that the Company's Board of Directors has declared dividends on the Company's Series D, Series E, Series F, Series G, Series I and Series J Preferred Stock. For all six series of Preferred Stock, dividends are payable on September 15, 2016 to holders of record on September 1, 2016.
Series of Preferred Stock
Liquidation
Preference
Dividend
Per Share
8.00% Series D Preferred StRead More 08/10/2016
World-Class Designers Anda Andrei and Chad Oppenheim Bring Luxury Real Estate Offerings to Asbury Park with 34-Unit Condominium Project
ASBURY PARK, N.J., Aug. 10, 2016 /PRNewswire/ -- On the heels of this summer's highly successful launch of The Asbury Hotel – Asbury Park's first new hotel in more than 50 years – visionary real estate investment firm iStar (NYSE: STAR) announced today the opening of the sales office for Monroe, the next property to launch as part of the company's 10-year, muRead More 08/09/2016
NEW YORK, Aug. 9, 2016 /PRNewswire/ -- iStar (NYSE: STAR) announced today that it intends to upsize its senior secured credit facility by $50 million to $500 million. The additional debt will be issued at par. Proceeds from the upsize will be used to pay down outstanding borrowings on the Company's secured revolving credit facility.
The Company originally closed on the $450 million facility in June 2016. The terms of the facility will remain unchanged. The term loan bears interest at a rate Read More 08/04/2016
Earnings Report - Net income grew to $0.37 per diluted common share from a loss of $(0.36) in the second quarter of last year.
- Adjusted income grew to $0.56 per diluted common share from $0.11 in the second quarter of last year.
- Common stock repurchases totaled 3.6 million shares, or 5% of shares outstanding; authorization for additional repurchases increased to $50 million.
NEW YORK, Aug. 4, 2016 /PRNewswire/ -- iStar (NYSE: STAR) today reported results for the second quaRead More 07/19/2016
NEW YORK, July 19, 2016 /PRNewswire/ -- iStar (NYSE: STAR) announced today that it will release its financial results for the second quarter 2016 on Thursday, August 4, 2016, prior to the opening of the market.
The Company will host an earnings conference call reviewing these results and its operations beginning at 10:00 a.m. ET. This conference call will be broadcast live over the internet and can be accessed by all interested parties through iStar's website, www.istar.com, in the "InvestorsRead More 06/23/2016
NEW YORK, June 23, 2016 /PRNewswire/ -- iStar (NYSE: STAR) announced today that that it has entered into a new $450 million senior secured credit facility due July 1, 2020. The new term loan bears interest at a rate of LIBOR plus 4.5% with a 1.0% LIBOR floor and was issued at 99.0% of par. Proceeds from the new facility will be used to refinance iStar's 2012 Secured Term Loan due March 2017, partially pay down outstanding borrowings on its Secured Revolving Credit Facility and pay related transaRead More 06/08/2016
NEW YORK, June 8, 2016 /PRNewswire/ -- iStar (NYSE: STAR) announced today that it has engaged J.P. Morgan, Barclays Capital and Bank of America Merrill Lynch to arrange a $450 million senior secured term loan facility for the Company. Proceeds from the new facility will be used to refinance iStar's 2012 Secured Term Loan due March 2017, partially pay down outstanding borrowings on its Secured Revolving Credit Facility and pay related transaction costs. Outstanding borrowings under the new faciliRead More 05/24/2016
Seasoned Executive Geoffrey G. Jervis Joins the Company in New Combined Role
NEW YORK, May 24, 2016 /PRNewswire/ -- iStar Inc. (NYSE: STAR) today announced that Geoffrey G. Jervis is joining iStar as its new Chief Operating Officer and Chief Financial Officer, effective June 15, 2016. Mr. Jervis brings with him an extensive background in corporate and real estate finance, strategic planning, risk and operations management, and public REIT accounting.
"I am delighted to welcome Geoffrey JerRead More 05/16/2016
NEW YORK, May 16, 2016 /PRNewswire/ -- iStar (NYSE: STAR) announced today that the Company's Board of Directors has declared dividends on the Company's Series D, Series E, Series F, Series G, Series I and Series J Preferred Stock. For all six series of Preferred Stock, dividends are payable on June 15, 2016 to holders of record on June 1, 2016.
Series of Preferred Stock
Liquidation
Preference
Dividend
Per Share
8.00% Series D Preferred Stock
Read More 05/03/2016
Earnings Report - Adjusted income allocable to common shareholders was $3 million, or $0.04 per diluted common share.
- Repurchased 5.8 million shares of common stock during the first quarter.
- Company repaid $261 million of bonds with cash on hand and issued $275 million of new notes to refinance other 2016 maturities.
NEW YORK, May 3, 2016 /PRNewswire/ -- iStar (NYSE: STAR) today reported results for the first quarter ended March 31, 2016.
First Quarter 2016 Results
iRead More 04/27/2016
Free Hospitality School in Asbury Park Hires for Various Roles at The Asbury, The Shore Town's First New Hotel in More Than 50 years
ASBURY PARK, N.J., April 27, 2016 /PRNewswire/ -- Salt School, a 10-week hospitality training program created and led by renowned hotel innovator David Bowd of Salt Hotels, held its graduation on Saturday, April 23rd at the Asbury Park Yacht Club in Asbury Park, NJ.
Experience the interactive Multimedia News Release here: http://www.multivu.com/players/EngliRead More 04/13/2016
NEW YORK, April 13, 2016 /PRNewswire/ -- iStar (NYSE: STAR) announced today that it will release its financial results for the first quarter 2016 on Tuesday, May 3, 2016, prior to the opening of the market.
The Company will host an earnings conference call reviewing these results and its operations beginning at 10:00 a.m. ET. This conference call will be broadcast live over the internet and can be accessed by all interested parties through iStar's website, www.istar.com, in the "Investors" seRead More 03/23/2016
NEW YORK, March 23, 2016 /PRNewswire/ --
iStar (NYSE: STAR) announced today that it has agreed to sell at par $275 million aggregate principal amount of its 6.50% Senior Unsecured Notes due July 2021. The Company intends to use the net proceeds of the offering primarily to repay in full its Senior Unsecured Notes due July 2016.
J.P. Morgan, Barclays, BofA Merrill Lynch and Wells Fargo Securities are the joint book-running managers for the offering. The notes will be issued pursuant to an Read More 03/23/2016
NEW YORK, March 23, 2016 /PRNewswire/ -- iStar (NYSE: STAR) announced today that it has launched an offering, subject to market and other conditions, of $250 million aggregate principal amount of Senior Unsecured Notes due 2021. The Company intends to use the net proceeds of the offering, together with cash on hand, to repay in full its 3.875% Senior Unsecured Notes due July 2016.
J.P. Morgan, BofA Merrill Lynch, Barclays and Wells Fargo Securities are the joint book-running managers for the Read More 02/25/2016
Earnings Report
Full year adjusted income allocable to common shareholders was $84 million, or $0.81 per diluted common share
Quarterly adjusted income allocable to common shareholders was $39 million, or $0.34 per diluted common share
Current unrestricted cash balance is approximately $650 million
Repurchased 9.2 million shares since the beginning of the fourth quarter through February 24th
NEW YORK, Feb. 25, 2016 /PRNewswire/ -- iStar (NYSE: STAR) today reported results for the Read More 02/16/2016
Fourth quarter 2015 adjusted income expected to be $0.32 - $0.36 per diluted common share.
Board of Directors approves new $50 million stock repurchase program.
NEW YORK, Feb. 16, 2016 /PRNewswire/ -- iStar (NYSE: STAR) today reported preliminary results for the fourth quarter and fiscal year ended December 31, 2015.
The Company expects to report adjusted income per diluted common share of $0.32 - $0.36 for the fourth quarter and $0.79 - $0.83 for the fiscal year. The Company expects tRead More 02/16/2016
NEW YORK, Feb. 16, 2016 /PRNewswire/ -- iStar (NYSE: STAR) announced today that the Company's Board of Directors has declared dividends on the Company's Series D, Series E, Series F, Series G, Series I and Series J Preferred Stock. For all six series of Preferred Stock, dividends are payable on March 15, 2016 to holders of record on March 1, 2016.
Series of Preferred Stock
Liquidation
Preference
Dividend
Per Share
8.00% Series D Preferred Stock
Read More 02/10/2016
NEW YORK, February 10, 2016 /PRNewswire/ -- iStar (NYSE: STAR) announced today that it will release its financial results for the fourth quarter and fiscal year of 2015 on Thursday, February 25, 2016, prior to the opening of the market.
The Company will host an earnings conference call reviewing these results and its operations beginning at 10:00 a.m. ET. This conference call will be broadcast live over the internet and can be accessed by all interested parties through iStar's website, www.isRead More 02/05/2016
Approved project plans will deliver 700 new homes on coveted infill
development site on the cusp of the San Pedro and Palos Verdes
communities
SAN PEDRO, Calif.--(BUSINESS WIRE)--Feb. 5, 2016--
iStar
(NYSE:STAR), a leading U.S. real estate developer and investor, today
announced the new name and brand for its major master-plan development
in Los Angeles County. Highpark, the new moniker for the new home
development site in San Pedro, CaRead More 01/29/2016
NEW YORK, Jan. 29, 2016 /PRNewswire/ -- iStar (NYSE: STAR) announced today the tax treatment of its 2015 preferred stock dividends.
Series of
Preferred Stock
Ticker
Symbol
CUSIP
Liquidation
Preference
Distributions
Return of
Capital
8.00% Series D
STAR prD
45031U-408
$25.00
$2.00
100%
7.875% Series E
STAR prE
45031U-507
$25.00
$1.968752
100%
7.80% SRead More 12/21/2015
NEW YORK, Dec. 21, 2015 /PRNewswire/ -- iStar (NYSE: STAR) announced today that its Board of Directors approved a new $50 million stock repurchase program. The Company has used substantially all of the availability under its previous $50 million stock repurchase program over the past three months.
The Company may repurchase its common stock from time to time in the open market, through privately negotiated transactions and through one or more trading plans.
* * Read More 11/23/2015
"Drive-in" Rooftop Movies, Rec Room in the Lobby: Not Your Parents' Beach Hotel
Design Virtuoso Anda Andrei, Hotel Innovator David Bowd Join Forces for The Asbury, Newest Jewel of Multi-Billion Dollar Redevelopment by iStar
ASBURY PARK, N.J., Nov. 23, 2015 /PRNewswire/ -- Asbury Park, where personality practically wafts off the ocean breeze, will soon have a hotel with character to match. A derelict Salvation Army building is being transformed into The Asbury, the shore town's first new hoRead More 11/16/2015
NEW YORK, Nov. 16, 2015 /PRNewswire/ -- iStar (STAR) announced today that the Company's Board of Directors has declared dividends on the Company's Series D, Series E, Series F, Series G, Series I and Series J Preferred Stock. For all six series of Preferred Stock, dividends are payable on December 15, 2015 to holders of record on December 1, 2015.
Series of Preferred Stock
Liquidation Preference
Dividend
Per Share
8.00% Series D Preferred Stock
$25.00
$0Read More 11/03/2015
Earnings ReleaseAdjusted income allocable to common shareholders was $28 million, or $0.25 per diluted common share.
Repurchased 3.2 million shares, net, of common stock and common stock equivalents for $30 million in cash; authorization for additional repurchases increased to $50 million.
NEW YORK, Nov. 3, 2015 /PRNewswire/ -- iStar (NYSE: STAR) today reported results for the third quarter ended September 30, 2015.
Third Quarter 2015 Results
iStar reported adjusted income allocRead More 10/13/2015
NEW YORK, Oct. 13, 2015 /PRNewswire/ -- iStar (NYSE: STAR) announced today that it will release its financial results for the third quarter of 2015 on Tuesday, November 3, 2015, prior to the opening of the market.
The Company will host an earnings conference call reviewing these results and its operations beginning at 10:00 a.m. ET. This conference call will be broadcast live over the internet and can be accessed by all interested parties through iStar's website, www.istar.com, in the "InvestRead More 09/21/2015
NEW YORK, Sept. 21, 2015 /PRNewswire/ -- iStar (NYSE: STAR) announced today that its Board of Directors approved an increase in the Company's stock repurchase program to $50.0 million. The Company's stock repurchase program had remaining availability of $28.5 million at June 30, 2015. In recent weeks, the Company repurchased $18.5 million of common stock, leaving approximately $10.0 million of remaining availability prior to today's Board action.
The Company may repurchase its common stock frRead More 08/19/2015
- Real Estate Investment Leader iStar Is Engine of Asbury Park Revival
- iStar Taps Design Guru Anda Andrei as Creative Lead
- iStar Partners with Hotel Innovator David Bowd to Launch First New Hotel in Asbury Park in 30 Years
ASBURY PARK, N.J., Aug. 19, 2015 /PRNewswire/ -- After a colorful history and a checkered past, Asbury Park, NJ is finally looking at a brilliant future.
Experience the interactive Multimedia News Release here: http://www.multivu.com/players/English/7578751-Read More 08/17/2015
NEW YORK, Nov. 16, 2015 /PRNewswire/ -- iStar (STAR) announced today that the Company's Board of Directors has declared dividends on the Company's Series D, Series E, Series F, Series G, Series I and Series J Preferred Stock. For all six series of Preferred Stock, dividends are payable on December 15, 2015 to holders of record on December 1, 2015.
Series of Preferred Stock
Liquidation Preference
Dividend
Per Share
8.00% Series D Preferred Stock
$25.00
$0Read More 08/13/2015
NEW YORK, Aug. 13, 2015 /PRNewswire/ -- iStar (NYSE: STAR) announced today that the Company's name will formally change to iStar Inc. from iStar Financial Inc. on August 19, 2015. The change was first announced at the Company's investor presentation in June and reflects the Company's broader investment focus and real estate capabilities.
The Company's common and preferred stock will continue to trade on the New York Stock Exchange under the same symbols, and the CUSIP numbers for its securitRead More 08/04/2015
Earnings
Release- Adjusted income allocable to common shareholders was $10 million, or $0.11 per diluted common share.
- Originated $255 million of new investments.
- Company has commenced tender offer for all outstanding 2002, 2003 and 2004 high performance units (HPUs) covering approximately 2.8 million underlying common stock equivalents.
NEW YORK, Aug. 4, 2015 /PRNewswire/ -- iStar (NYSE: STAR) today reported results for the second quarter ended June 30, 2015.
SeconRead More 07/17/2015
NEW YORK, July 17, 2015 /PRNewswire/ -- iStar (NYSE: STAR) announced today that it will release its financial results for the second quarter of 2015 on Tuesday, August 4, 2015, prior to the opening of the market.
The Company will host an earnings conference call reviewing these results and its operations beginning at 10:00 a.m. ET. This conference call will be broadcast live over the internet and can be accessed by all interested parties through iStar's website, www.istar.com, in the "InvestoRead More 06/22/2015
NEW YORK, June 22, 2015 /PRNewswire/ -- iStar (NYSE: STAR) announced today that it has launched a redesigned corporate website at its new domain, www.istar.com. The new website was built to offer users a simple interface to access Company information. Users can learn more about iStar's uncommon platform and strategy and read specific case studies of representative investments.
In addition, the Company launched a new website which spotlights its Land & Development business at www.istarlanRead More 05/16/2015
NEW YORK, May 16, 2015 /PRNewswire/ -- iStar Financial Inc. (NYSE: STAR) was advised yesterday by the firm responsible for distributing materials for the Company's upcoming annual meeting that the firm inadvertently omitted to mail annual meeting materials to holders of the Company's 8% Series D Cumulative Redeemable Preferred Stock. As a result, the Company announced today that it will postpone its annual meeting, originally scheduled for May 20, 2015, in order to give the Series D preferred stRead More 05/15/2015
NEW YORK, May 15, 2015 /PRNewswire/ -- iStar Financial Inc. (NYSE: STAR) announced today that the Company's Board of Directors has declared dividends on the Company's Series D, Series E, Series F, Series G, Series I and Series J Preferred Stock. For all six series of Preferred Stock, dividends are payable on June 15, 2015 to holders of record on June 1, 2015.
Series of Preferred Stock
Liquidation
Preference
Dividend
Per Share
8.00% Series D PreferrRead More 05/14/2015
NEW YORK, May 14, 2015 /PRNewswire/ -- iStar Financial Inc. (NYSE: STAR) will host an investor meeting on Wednesday, June 10, 2015 at 9:30 a.m. local time in New York City. It will take place at the Warwick Hotel, located at 65 W. 54th Street, across the street from REITWeek: NAREIT's Investor Forum.
The event will include a presentation by iStar's chairman and chief executive officer, Jay Sugarman, and is open to all investors to attend. However, given limited capacity, the Company is rRead More 04/29/2015
Earnings Report- Adjusted income allocable to common shareholders grew to $9 million, versus a $(6) million loss for the first quarter of 2014.
- Originated $274 million of new investments.
- Closed on a new $250 million revolving credit facility.
- iStar to host an investor presentation on June 10th during NAREIT's REITWeek 2015.
NEW YORK, April 29, 2015 /PRNewswire/ -- iStar Financial Inc. (NYSE: STAR) today reported results for the first quarter ended March 31, 2015Read More 04/16/2015
NEW YORK, April 16, 2015 /PRNewswire/ -- iStar Financial Inc. (NYSE: STAR) announced today that it will release its financial results for the first quarter of 2015 on Wednesday, April 29, 2015, prior to the opening of the market.
The Company will host an earnings conference call reviewing these results and its operations beginning at 10:00 a.m. ET. This conference call will be broadcast live over the Internet and can be accessed by all interested parties through iStar Financial's website, wwwRead More 02/19/2015
Earnings Report
- Full year adjusted income allocable to common shareholders grew to $94 million from a $(22) million loss for 2013.
- Quarterly adjusted income allocable to common shareholders was $13 million, versus a $(19) million loss for the fourth quarter of 2013.
- Originated $456 million of investments during the fourth quarter, bringing total new originations for the year to $1.3 billion.
NEW YORK, Feb. 19, 2015 /PRNewswire/ -- iStar Financial Inc. (NYSE: STAR) todayRead More 02/17/2015
NEW YORK, Feb. 17, 2015 /PRNewswire/ -- iStar Financial Inc. (NYSE: STAR) announced today that the Company's Board of Directors has declared dividends on the Company's Series D, Series E, Series F, Series G, Series I and Series J Preferred Stock. For all six series of Preferred Stock, dividends are payable on March 16, 2015 to holders of record on March 2, 2015.
Series of Preferred Stock
Liquidation
Preference
Dividend
Per Share
8.00% Series D Read More 02/02/2015
NEW YORK, Feb. 2, 2015 /PRNewswire/ -- iStar Financial Inc. (NYSE: STAR) announced today the tax treatment of its 2014 preferred stock dividends.
Series of
Preferred Stock
Ticker
Symbol
CUSIP
Liquidation
Preference
Distributions
Return of
Capital
8.00% Series D
STAR prD
45031U-408
$25.00
$2.00
100%
7.875% Series E
STAR prE
45031U-507
$25.00
$1.968752
100%
Read More 01/29/2015
NEW YORK, Jan. 29, 2015 /PRNewswire/ -- iStar Financial Inc. (NYSE: STAR) announced today that it will release its financial results for the fourth quarter and fiscal year of 2014 on Thursday, February 19, 2015, prior to the opening of the market.
The Company will host an earnings conference call reviewing these results and its operations beginning at 10:00 a.m. ET. This conference call will be broadcast live over the Internet and can be accessed by all interested parties through iStar FinancRead More 11/17/2014
NEW YORK, Nov. 17, 2014 /PRNewswire/ -- iStar Financial Inc. (NYSE: STAR) announced today that the Company's Board of Directors has declared dividends on the Company's Series D, Series E, Series F, Series G, Series I and Series J Preferred Stock. For all six series of Preferred Stock, dividends are payable on December 15, 2014 to holders of record on December 1, 2014.
Series of Preferred Stock
Liquidation
Preference
Dividend
Per Share
8.00% Series D PRead More 10/28/2014
Earnings Report
- Adjusted income allocable to common shareholders grew to $58 million, versus a $(7) million loss for the third quarter of 2013.
- Net income allocable to common shareholders was $22 million, versus a $(31) million loss for the third quarter of 2013.
- Funded $206 million of investments during the quarter.
NEW YORK, Oct. 28, 2014 /PRNewswire/ -- iStar Financial Inc. (NYSE: STAR) today reported results for the third quarter ended September 30, 2014.
ThirRead More 10/15/2014
NEW YORK, Oct. 15, 2014 /PRNewswire/ -- iStar Financial Inc. (NYSE: STAR) announced today that it will release its financial results for the third quarter of 2014 on Tuesday, October 28, 2014, prior to the opening of the market.
The Company will host an earnings conference call reviewing these results and its operations beginning at 10:00 a.m. ET. This conference call will be broadcast live over the Internet and can be accessed by all interested parties through iStar Financial's website, www.Read More 08/15/2014
NEW YORK, Aug. 15, 2014 /PRNewswire/ -- iStar Financial Inc. (NYSE: STAR) announced today that the Company's Board of Directors has declared dividends on the Company's Series D, Series E, Series F, Series G, Series I and Series J Preferred Stock. For all six series of Preferred Stock, dividends are payable on September 15, 2014 to holders of record on September 2, 2014.
Series of Preferred Stock
Liquidation
Preference
Dividend
Per Share
8.00% Series DRead More 07/29/2014
Earnings Report
- Adjusted income grew to $28.9 million, or $0.34 per diluted common share.
- Refinanced $1.3 billion of secured debt with longer term unsecured bonds, unencumbering $2.0 billion of high quality assets and enhancing the Company's liquidity profile.
- Funded $167 million of investments during the quarter.
NEW YORK, July 29, 2014 /PRNewswire/ -- iStar Financial Inc. (NYSE: STAR) today reported results for the second quarter ended June 30, 2014.
Second QuRead More 07/10/2014
NEW YORK, July 10, 2014 /PRNewswire/ -- iStar Financial Inc. (NYSE: STAR) announced today that it will release its financial results for the second quarter of 2014 on Tuesday, July 29, 2014, prior to the opening of the market.
The Company will host an earnings conference call reviewing these results and its operations beginning at 10:00 a.m. ET. This conference call will be broadcast live over the Internet and can be accessed by all interested parties through iStar Financial's website, www.isRead More 06/10/2014
NEW YORK, June 10, 2014 /PRNewswire/ -- iStar Financial Inc. (NYSE: STAR) announced today that it has agreed to sell at par $550 million aggregate principal amount of its unsecured 4.00% Senior Notes due November 2017 and $770 million aggregate principal amount of its unsecured 5.00% Senior Notes due July 2019. The Company intends to use the net proceeds of the offering, together with cash on hand, to repay in full all amounts outstanding under, and terminate, its 2013 Secured Credit Facility duRead More 06/09/2014
NEW YORK, June 9, 2014 /PRNewswire/ -- iStar Financial Inc. (NYSE: STAR) announced today that it has launched an offering, subject to market and other conditions, of $1.32 billion aggregate principal amount of unsecured Senior Notes due 2017 and 2019. The Company intends to use the net proceeds of the offering, along with available cash on hand, to repay in full all amounts outstanding under, and terminate, its 2013 Secured Credit Facility due 2017.
BofA Merrill Lynch, Barclays and J.P. MorgaRead More 05/15/2014
NEW YORK, May 15, 2014 /PRNewswire/ -- iStar Financial Inc. (NYSE: STAR) announced today that the Company's Board of Directors has declared dividends on the Company's Series D, Series E, Series F, Series G, Series I and Series J Preferred Stock. For all six series of Preferred Stock, dividends are payable on June 16, 2014 to holders of record on June 2, 2014.
Series of Preferred Stock
Liquidation
Preference
Dividend
Per Share
8.00% Series D PreferredRead More 04/29/2014
Earnings Report-- Adjusted income (loss) allocable to common shareholders for the first quarter 2014 was $(5.5) million, or $(0.07) per diluted common share.
-- Funded $229 million of investments during the quarter.
-- Achieved key milestones on certain land projects in Los Angeles, New York and Florida.
NEW YORK, April 29, 2014 /PRNewswire/ -- iStar Financial Inc. (NYSE: STAR) today reported results for the first quarter ended March 31, 2014.
First Quarter 2014 Results
Read More 04/10/2014
NEW YORK, April 10, 2014 /PRNewswire/ -- iStar Financial Inc. (NYSE: STAR) announced today that it will release its financial results for the first quarter of 2014 on Tuesday, April 29, 2014, prior to the opening of the market.
The Company will host an earnings conference call reviewing these results and its operations beginning at 10:00 a.m. ET. This conference call will be broadcast live over the Internet and can be accessed by all interested parties through iStar Financial's website, www.iRead More 02/20/2014
Earnings Report
Company Forms New Net Lease Joint Venture
-- Adjusted income (loss) allocable to common shareholders was $(19) million for the fourth quarter 2013, compared to $(23) million for the fourth quarter 2012.
-- Early in 2014, iStar entered into a $500 million venture with a sovereign wealth fund that will seek to acquire up to $1.25 billion of net lease assets.
-- During the fourth quarter and through January, iStar closed $570 million of new investment commitments.
NEWRead More 02/14/2014
NEW YORK, Feb. 14, 2014 /PRNewswire/ -- iStar Financial Inc. (NYSE: STAR) announced today that the Company's Board of Directors has declared dividends on the Company's Series D, Series E, Series F, Series G, Series I and Series J Preferred Stock. For all six series of Preferred Stock, dividends are payable on March 17, 2014 to holders of record on March 3, 2014.
Series of Preferred Stock
Liquidation Preference
Dividend
Per Share
8.00% Series D PreferredRead More 02/07/2014
NEW YORK, Feb. 7, 2014 /PRNewswire/ -- iStar Financial Inc. (NYSE: STAR) announced today that it will release its financial results for the fourth quarter and fiscal year of 2013 on Thursday, February 20, 2014, prior to the opening of the market.
The Company will host an earnings conference call reviewing these results and its operations beginning at 10:00 a.m. ET. This conference call will be broadcast live over the Internet and can be accessed by all interested parties through iStar FinanciRead More 01/30/2014
NEW YORK, Jan. 30, 2014 /PRNewswire/ -- iStar Financial Inc. (NYSE: STAR) announced today the tax treatment of its 2013 preferred stock dividends.
Series of
Preferred Stock
Ticker
Symbol
CUSIP
Liquidation
Preference
Distributions
Return of
Capital
8.00% Series D
STAR prD
45031U-408
$25.00
$2.00
100%
7.875% Series E
STAR prE
45031U-507
$25.00
$1.968752
100%
Read More 12/19/2013
NEW YORK, Dec. 19, 2013 /PRNewswire/ -- iStar Financial Inc. (NYSE: STAR) announced today that listed shares of its common and preferred stock will commence trading on the New York Stock Exchange under the new symbol "STAR" beginning this morning.
Listed Shares of Stock
New Ticker
Common Stock
STAR
8.00% Series D Preferred Stock
STAR prD
7.875% Series E Preferred Stock
STAR prE
7.80% Series F Preferred Stock
STAR prF
7.65% Series G Read More 12/09/2013
NEW YORK, Dec. 9, 2013 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) announced today that beginning December 19, 2013, listed shares of its common and preferred stock will begin trading on the New York Stock Exchange under the new symbol "STAR".
Listed Shares of Stock
New
Ticker
Common Stock
STAR
8.00% Series D Preferred Stock
STAR prD
7.875% Series E Preferred Stock
STAR prE
7.80% Series FRead More 12/09/2013
ATLANTA, Dec. 9, 2013 (GLOBE NEWSWIRE) -- iStar Residential, a division of iStar Financial Inc. (NYSE:SFI), announced today it has hired an all-new sales team, led by the top-selling high-rise agent in Atlanta, for The Residences at Mandarin Oriental, Atlanta. Karen Rodriguez of Dorsey Alston Realtors will lead the revamped sales efforts. She brings 11 years of experience in the Buckhead luxury high-rise market to the exclusive, world-class property.
The addition of Rodriguez is part of an eRead More 11/18/2013
Signs Development Deal with K. Hovnanian® Homes®
ASBURY PARK, N.J., Nov. 18, 2013 /PRNewswire/ -- iStar Residential announced today that it has signed an agreement with K. Hovnanian® Homes® to build luxury townhomes at the intersection of Grand Avenue and Monroe Avenue in Asbury Park. This development project, when approved by the City, marks the first time a national homebuilder will be entering the Asbury Park market since 1984, when the waterfront was originally designated as a redevelopmenRead More 11/15/2013
NEW YORK, Nov. 15, 2013 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) announced today that the Company's Board of Directors has declared dividends on the Company's Series D, Series E, Series F, Series G, Series I and Series J Preferred Stock. For all six series of Preferred Stock, dividends are payable on December 16, 2013 to holders of record on December 2, 2013.
Liquidation
Dividend
Series of Preferred Stock
Read More 11/13/2013
NEW YORK, Nov. 13, 2013 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) announced today that it has agreed to sell $175 million aggregate principal amount of 1.50% Convertible Senior Notes due November 15, 2016. The Company has also granted the initial purchasers a 30-day option to purchase up to an additional $25 million aggregate principal amount of the notes on the same terms and conditions. The Company intends to use the net proceeds of the offering, along with available cash on hand, to rRead More 11/13/2013
NEW YORK, Nov. 13, 2013 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) announced today that it has launched a private offering, subject to market and other conditions, of $175 million of Convertible Senior Notes due November 15, 2016, plus up to an additional $25 million of Convertible Senior Notes if the initial purchasers exercise their option to purchase additional notes in full. The Company intends to use the net proceeds of the offering, along with available cash on hand, to redeem its $2Read More 10/29/2013
Earnings Report
-- Adjusted income (loss) per diluted common share was ($0.09) for the third quarter 2013 versus ($0.31) per diluted common share for the third quarter 2012.
-- iStar funds $116 million of investments during the third quarter.
- iStar enters into letters of intent for $412 million of new investments.
NEW YORK, Oct. 29, 2013 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) today reported results for the third quarter ended September 30, 2013.
Third Quarter 2013 ResultsRead More 10/23/2013
Morningstar Ranking of iStar Asset Services
NEW YORK, Oct. 23, 2013 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) announced today that Morningstar Credit Ratings, LLC has assigned iStar Asset Services, Inc. its highest ranking for commercial mortgage primary servicers of 'MOR CS1,' and its second highest ranking for commercial mortgage special servicers of 'MOR CS2.'
iStar Asset Services is iStar Financial's wholly owned loan servicing subsidiary. The full report is available on iStarRead More 10/14/2013
NEW YORK, Oct. 14, 2013 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) announced today that it will release its financial results for the third quarter of 2013 on Tuesday, October 29, 2013, prior to the opening of the market.
The Company will host an earnings conference call reviewing these results and its operations beginning at 10:00 a.m. ET. This conference call will be broadcast live over the Internet and can be accessed by all interested parties through iStar Financial's website, www.iRead More 09/25/2013
NEW YORK, Sept. 25, 2013 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) announced today that its Board of Directors approved an increase of the Company's stock repurchase program. The authorization raises the repurchase limit to $50 million from the $16 million remaining under the previously approved plan. The Company may repurchase its common stock from time to time in the open market, through privately negotiated transactions and may also make purchases through a 10b5-1 trading plan.
* Read More 08/15/2013
NEW YORK, Aug. 15, 2013 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) announced today that the Company's Board of Directors has declared dividends on the Company's Series D, Series E, Series F, Series G, Series I and Series J Preferred Stock. For all six series of Preferred Stock, dividends are payable on September 16, 2013 to holders of record on September 3, 2013.
Series of Preferred Stock
Liquidation
Preference
Dividend
Read More 07/25/2013
Earnings Report
-- Adjusted income allocable to common shareholders for the second quarter 2013 was $4 million.
-- Company's investment commitment and fundings for the quarter total $190 million.
-- Ended quarter with over $700 million of cash available for future investments.
NEW YORK, July 25, 2013 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) today reported results for the second quarter ended June 30, 2013.
Second Quarter 2013 Results
iStar reported adjusted income (loss)Read More 07/17/2013
NEW YORK, July 17, 2013 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) announced today that it will release its financial results for the second quarter of 2013 on Thursday, July 25, 2013, prior to the opening of the market.
The Company will host an earnings conference call reviewing these results and its operations beginning at 10:00 a.m. ET. This conference call will be broadcast live over the Internet and can be accessed by all interested parties through iStar Financial's website, www.isRead More 07/09/2013
Final 14 Units Sell Out Within 24 Hours of Being Released
NEW YORK, July 9, 2013 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) announced today its luxury townhome community, VIVE, sold out its entire inventory of homes in phase 2 of the project within one day of their release on July 8, 2013. This record demand from buyers is similar to the response that VIVE's first phase of homes experienced, also selling out the first day they were made available.
Base prices in the second phase raRead More 07/08/2013
NEW YORK, July 8, 2013 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) announced today that it has agreed to provide up to $146 million of preferred equity to Landmark Apartment Trust of America ("LATA"), a non-traded, public multifamily real estate investment trust.
(Logo: http://photos.prnewswire.com/prnh/20130708/NY43293LOGO )
LATA owns 39 apartment communities comprised of over 10,000 units located throughout the Southeast and Texas. LATA expects to use the proceeds to acquire additiRead More 05/28/2013
NEW YORK, May 28, 2013 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) will participate in a moderated discussion at REITWeek 2013: NAREIT's Investor Forum on Wednesday, June 5, 2013 at the Hilton Chicago in Chicago, IL. The presentation is scheduled to begin at 11:00 a.m. central time (12:00 p.m eastern time).
iStar Financial's participation will be broadcast live over the Internet and can be accessed through the Company's website, www.istarfinancial.com. To listen, please go to the websiteRead More 05/15/2013
NEW YORK, May 15, 2013 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) announced today that the Company's Board of Directors has declared dividends on the Company's Series D, Series E, Series F, Series G, Series I and Series J Preferred Stock. For all six series of Preferred Stock, dividends are payable on June 17, 2013 to holders of record on June 1, 2013.
Series of Preferred Stock
Liquidation
Preference
Dividend
Per Share
8.00% Series D PreferrRead More 05/07/2013
NEW YORK, May 7, 2013 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) announced today that it has launched an offering, subject to market and other conditions, of $250 million of unsecured Senior Notes due July 2016. The Company intends to use the net proceeds of the offering to redeem its $97 million aggregate principal amount of 8.625% unsecured Senior Notes due June 2013 and the remainder of the net proceeds to redeem a portion of its 5.95% unsecured Senior Notes due October 2013.
BofARead More 05/07/2013
NEW YORK, May 7, 2013 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) announced today that it has agreed to sell at par $265 million aggregate principal amount of unsecured 3.875% Senior Notes due July 2016. Based on investor demand, the Company also agreed to sell at par $300 million aggregate principal amount of unsecured 4.875% Senior Notes due July 2018. The Company will use the net proceeds of the offerings to pay the remaining $97 million aggregate principal amount outstanding of its 8.Read More 04/30/2013
Earnings Report
-- Adjusted income (loss) allocable to common shareholders for the first quarter 2013 was ($0.3) million.
-- Net income (loss) allocable to common shareholders for the first quarter 2013 was ($41.3) million.
-- Company's current cash balance exceeds $700 million.
-- Non-performing loan balance reduced by approximately 30% during quarter.
NEW YORK, April 30, 2013 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) today reported results for the first quarter ended March Read More 04/22/2013
NEW YORK, April 22, 2013 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) announced today that it has completed the sale of its 24% equity interest in LNR Property LLC ("LNR") and received $220 million in net proceeds. The sale was part of a larger transaction whereby the Company and LNR's other co-owners sold 100% of LNR to Starwood Property Trust Inc. and investment firm Starwood Capital Group for an aggregate purchase price of $1.05 billion.
The Company said that it intends to utilize the Read More 04/11/2013
NEW YORK, April 11, 2013 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) announced today that it will release its financial results for the first quarter of 2013 on Tuesday, April 30, 2013, prior to the opening of the market.
The Company will host an earnings conference call reviewing these results and its operations beginning at 10:00 a.m. ET. This conference call will be broadcast live over the Internet and can be accessed by all interested parties through iStar Financial's website, www.isRead More 03/12/2013
NEW YORK, March 12, 2013 /PRNewswire via COMTEX/ --iStar Financial Inc. (NYSE: SFI) announced today that it has launched an offering, subject to market and other conditions, of 3,000,000 shares, or $150 million aggregate liquidation preference, of its Series J Cumulative Convertible Perpetual Preferred Stock ("Series J Convertible Preferred Stock"). The underwriters have the option to purchase up to 450,000 additional shares, or $22.5 million aggregate liquidation preference, of Series J ConveRead More 03/12/2013
NEW YORK, March 12, 2013 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) announced today that it has priced an offering of 3,500,000 shares, or $175 million aggregate liquidation preference, of its 4.5% Series J Cumulative Convertible Perpetual Preferred Stock ("Series J Convertible Preferred Stock"). The underwriters have the option to purchase up to 500,000 additional shares, or $25 million aggregate liquidation preference, of Series J Convertible Preferred Stock. The Company intends to useRead More 02/26/2013
Earnings Report
-- Adjusted income (loss) allocable to common shareholders for the fourth quarter and fiscal year 2012 was ($23) million and ($54) million, respectively.
-- Net income (loss) allocable to common shareholders for the fourth quarter and fiscal year 2012 was ($87) million and ($273) million, respectively.
-- During the quarter, the Company completed $2.3 billion in three separate capital markets transactions, reducing future interest costs and extending certain debt maturitiRead More 02/15/2013
NEW YORK, Feb. 15, 2013 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) announced today that the Company's Board of Directors has declared dividends on the Company's Series D, Series E, Series F, Series G, and Series I Preferred Stock. For all five series of Preferred Stock, dividends are payable on March 15, 2013 to holders of record on March 1, 2013.
A dividend of $0.50 per share will be paid on the 8.00% Series D Preferred Stock; a dividend of $0.492188 per share will be paid on the 7.8Read More 02/11/2013
NEW YORK, Feb. 11, 2013 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) announced today that it will release its financial results for the fourth quarter and fiscal year of 2012 on Tuesday, February 26, 2013, prior to the opening of the market.
The Company will host an earnings conference call reviewing these results and its operations beginning at 10:00 a.m. ET. This conference call will be broadcast live over the Internet and can be accessed by all interested parties through iStar FinancRead More 02/07/2013
NEW YORK, Feb. 7, 2013 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) announced today that it has received commitments from lenders to reprice its $1.82 billion senior secured credit facility due October 2017. The term loan will now bear interest at an annual rate of LIBOR + 3.50% with a 1.00% LIBOR floor, a reduction from the prior rate of LIBOR + 4.50% with a 1.25% LIBOR floor. In connection with the repricing, the Company will pay lenders a prepayment fee of 1.0% of the apprRead More 01/30/2013
NEW YORK, Jan. 30, 2013 /PRNewswire/ --iStar Financial Inc. (NYSE: SFI) announced today that it is launching a refinancing of its $1.82 billion senior secured credit facility. The current outstanding amount of the facility is approximately $1.71 billion as a result of approximately $108 million of repayments on the underlying collateral. Under the proposed refinancing, all of the terms of the existing credit facility would remain the same, except that the pricing terms would be Read More 01/24/2013
NEW YORK, Jan. 24, 2013 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) announced today that the owners of LNR Property LLC ("LNR"), including iStar, have signed a definitive agreement to sell LNR for a total purchase price of $1.05 billion. iStar's 24% ownership interest in LNR is expected to generate $220 million in net proceeds at closing after closing costs and LNR management incentives.
"As we continue to streamline our balance sheet and focus on our core businesses, this transactionRead More 01/15/2013
NEW YORK, Jan. 15, 2013 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) announced today the tax treatment of its 2012 preferred stock dividends.
Series D Preferred Stock
During 2012, taxable dividends for iStar Financial's distribution of $2.00 per share of the 8.00% Series D preferred stock CUSIP #45031U-408, listed under NYSE ticker symbol [SFI pD], will be classified as 100% return of capital.
Series E Preferred Stock
During 2012, taxable dividends for iStar Financial's distribuRead More 11/15/2012
NEW YORK, Nov. 15, 2012 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) announced today that the Company's Board of Directors has declared dividends on the Company's Series D, Series E, Series F, Series G, and Series I Preferred Stock. For all five series of Preferred Stock, dividends are payable on December 17, 2012 to holders of record on December 3, 2012.
A dividend of $0.50 per share will be paid on the 8.00% Series D Preferred Stock; a dividend of $0.492188 per share will be paid on tRead More 11/07/2012
NEW YORK, Nov. 7, 2012 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) announced today that it has launched concurrent offerings, subject to market and other conditions, of $250 million of unsecured Senior Notes due 2018 and $100 million of unsecured Convertible Senior Notes due 2016, plus up to an additional $15 million of Convertible Senior Notes if the underwriters exercise their option to purchase additional notes in full. The Company intends to use the net proceeds of the offerings to rRead More 11/07/2012
NEW YORK, Nov. 7, 2012 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) announced today that it has agreed to sell $300 million aggregate principal amount of unsecured 7.125% Senior Notes due 2018 and $175 million aggregate principal amount of 3.00% Convertible Senior Notes due 2016 in concurrent public offerings, both at par. The Company will use the net proceeds of the offerings to redeem the remaining $67 million aggregate principal amount of its 6.5% Senior Notes due 2013 and the remaindeRead More 10/26/2012
Earnings Report
- Adjusted income (loss) allocable to common shareholders for the third quarter 2012 was ($26) million.
- Net income (loss) allocable to common shareholders for the third quarter 2012 was ($72) million or ($0.86) per diluted common share.
- Subsequent to quarter end, the Company completed a new $1.8 billion, five-year secured term loan to refinance its 2011 A-1 / A-2 facilities.
- In connection with the new financing, the Company's corporate family rating was upgraded Read More 10/16/2012
NEW YORK, Oct. 16, 2012 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) announced today that it will release its financial results for the third quarter of 2012 on Friday, October 26, 2012, prior to the opening of the market.
The Company will host an earnings conference call reviewing these results and its operations beginning at 10:00 a.m. ET. This conference call will be broadcast live over the Internet and can be accessed by all interested parties through iStar Financial's weRead More 10/15/2012
NEW YORK, Oct. 15, 2012 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) announced today that it has entered into a new $1.82 billion senior secured credit facility due October 15, 2017. The new term loan bears interest at a rate of LIBOR plus 4.50% with a 1.25% LIBOR floor and was issued at 99.0% of par. Proceeds from the new financing will be used to refinance the remaining balances of the Company's existing 2011 A-1 / A-2 secured credit facilities in their entirety.
"With this transactioRead More 10/04/2012
NEW YORK, Oct. 4, 2012 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) announced today that Moody's Investors Service upgraded iStar's corporate family rating to B2 from B3. In addition, Moody's assigned a B1 rating to the Company's proposed $1.8 billion senior secured term loan and upgraded the A-1 and A-2 tranches of the Company's 2012 senior secured facilities to Ba3 and B1, respectively. Moody's also raised the ratings on iStar's senior unsecured credit rating to B3 as well as all series Read More 09/28/2012
NEW YORK, Sept. 28, 2012 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) announced today that it has engaged J.P. Morgan, Barclays Capital and Bank of America Merrill Lynch to arrange a $1.8 billion refinancing of its 2011 senior secured credit facility. The 2011 facility is comprised of two tranches of loans scheduled to mature in 2013 and 2014, respectively. The new facility would refinance the entire remaining balance of the 2011 facility with a new senior secured first lien term loan due Read More 08/16/2012
NEW YORK, Aug. 16, 2012 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) announced today that the Company's Board of Directors has declared dividends on the Company's Series D, Series E, Series F, Series G, and Series I Preferred Stock. For all five series of Preferred Stock, dividends are payable on September 14, 2012 to holders of record on August 31, 2012.
A dividend of $0.50 per share will be paid on the 8.00% Series D Preferred Stock; a dividend of $0.492188 per share will be paid on tRead More 08/13/2012
ASBURY PARK, N.J.--(BUSINESS WIRE)--Aug. 13, 2012--
iStar Financial announces that its subsidiary, Asbury Partners, the
Master Developer of the Asbury Park waterfront, has entered into an
agreement with retail developer Madison Marquette, which will accelerate
and drive the overall redevelopment of the city’s historic waterfront.
In exchange for a minority interest in Asbury Partners, Madison
Marquette has contributed all of its 5.7 acres of residentRead More 07/27/2012
Earnings Report
-- Net income (loss) allocable to common shareholders for the second quarter 2012 was ($59) million or ($0.70) per diluted common share.
-- During the quarter, the Company issued $275 million of 9.0% senior unsecured notes due 2017.
-- Company retired $640 million of debt during the second quarter and had $707 million of cash, including cash reserved for debt repayment, at June 30, 2012.
-- During the quarter, the Company sold a portfolio of 12 net lease assets for $13Read More 07/13/2012
NEW YORK, July 13, 2012 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) announced today that it will release its financial results for the second quarter of 2012 on Friday, July 27, 2012, prior to the opening of the market.
The Company will host an earnings conference call reviewing these results and its operations beginning at 10:00 a.m. ET. This conference call will be broadcast live over the Internet and can be accessed by all interested parties through iStar Financial's website, www.isRead More 05/16/2012
NEW YORK, May 16, 2012 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) announced today that its Board of Directors approved a new stock repurchase program. The program authorizes the Company to repurchase up to $20 million of its common stock from time to time in the open market and privately negotiated transactions. The Company may make purchases through a 10b5-1 trading plan.
* * *
iStar Financial Inc. (NYSE: SFI) is a fully-integrated finance and investment companRead More 05/15/2012
NEW YORK, May 15, 2012 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) announced today that the Company's Board of Directors has declared dividends on the Company's Series D, Series E, Series F, Series G, and Series I Preferred Stock. For all five series of Preferred Stock, dividends are payable on June 15, 2012 to holders of record on June 1, 2012.
A dividend of $0.50 per share will be paid on the 8.00% Series D Preferred Stock; a dividend of $0.492188 per share will be paid on the 7.875%Read More 05/03/2012
NEW YORK, May 3, 2012 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) announced today that it has agreed to sell $275 million aggregate principal amount of its 9.00% Senior Notes due 2017 (the "Notes") at 98.012% of their principal amount in a private offering. iStar will use the net proceeds from the offering to repay unsecured indebtedness maturing in 2012.
The Notes were offered only to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933Read More 04/27/2012
Earnings Report
-- Net income (loss) allocable to common shareholders for the first quarter 2012 was ($55) million or ($0.66) per diluted common share.
-- Company completed new $880 million senior secured credit facilities.
-- Company retired $724 million of debt during the first quarter and had $610 million of cash, including cash reserved for debt repayment, at March 31, 2012.
NEW YORK, April 27, 2012 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) today reported results for the fiRead More 04/13/2012
NEW YORK, April 13, 2012 /PRNewswire via COMTEX/ --iStar Financial Inc. (NYSE: SFI) announced today that it will release its financial results for the first quarter of 2012 on Friday, April 27, 2012, prior to the opening of the market.
The Company will host an earnings conference call reviewing these results and its operations beginning at 10:00 a.m. ET. This conference call will be broadcast live over the Internet and can be accessed by all interested parties through iStar Financial's websitRead More 03/20/2012
NEW YORK, March 20, 2012 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) announced today that it has agreed to repurchase $109 million aggregate principal amount of its convertible notes due October 2012 from an institutional investor at a discount to par in a private transaction. The Company will use a portion of the proceeds from its new $880 million facility to fund the transaction.
* * *
iStar Financial Inc. (NYSE: SFI) is a fully-integrated finance and investmenRead More 03/19/2012
NEW YORK, March 19, 2012 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) announced today that it has entered into a new $880 million senior secured credit agreement providing for two tranches of term loans: a $410 million 2012 A-1 tranche due March 19, 2016, which bears interest at a rate of LIBOR plus 4.00%, and a $470 million 2012 A-2 tranche due March 19, 2017, which bears interest at a rate of LIBOR plus 5.75%. The 2012 A-1 and A-2 tranches were issued at 98.0% of par and 98.5% of par, reRead More 02/28/2012
Earnings Report- Net income (loss) allocable to common shareholders for the fourth quarter and fiscal year 2011 was ($35) million and ($62) million, respectively, or ($0.43) and ($0.70) per diluted common share, respectively.
- Company recorded $24 million and $69 million of loan loss provisions and impairments for the fourth quarter and fiscal year 2011, respectively, versus $58 million and $354 million for the fourth quarter and fiscal year 2010, respectively.
- Company launches syndicaRead More 02/15/2012
NEW YORK, Feb. 15, 2012 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) announced today that the Company's Board of Directors has declared dividends on the Company's Series D, Series E, Series F, Series G, and Series I Preferred Stock. For all five series of Preferred Stock, dividends are payable on March 15, 2012 to holders of record on March 1, 2012.
A dividend of $0.50 per share will be paid on the 8.00% Series D Preferred Stock; a dividend of $0.492188 per share will be paRead More 02/01/2012
NEW YORK--(BUSINESS WIRE)--Feb. 1, 2012--
iStar Financial Inc. (NYSE: SFI) announced today that it will release
its financial results for the fourth quarter and fiscal year of 2011 on
Tuesday, February 28, 2012, prior to the opening of the market.
The Company will host an earnings conference call reviewing these
results and its operations beginning at 10:00 a.m. ET. This conference
call will be broadcast live over the Internet and can be acceRead More 01/23/2012
NEW YORK--(BUSINESS WIRE)--Jan. 23, 2012--
iStar Financial Inc. (NYSE: SFI), a publicly traded finance company
focused on the commercial real estate industry, announced today the tax
treatment of its 2011 preferred stock dividends.
Series D Preferred Stock
During 2011, taxable dividends for iStar Financial’s distribution of
$2.00 per share of the 8.00% Series D preferred stock CUSIP #45031U-408,
listed under NYSE ticker symbol Read More 01/09/2012
NEW YORK, Nov. 15, 2011 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) announced today that the Company's Board of Directors has declared dividends on the Company's Series D, Series E, Series F, Series G, and Series I Preferred Stock. For all five series of Preferred Stock, dividends are payable on December 15, 2011 to holders of record on December 1, 2011.
A dividend of $0.50 per share will be paid on the 8.00% Series D Preferred Stock; a dividend of $0.492188 per share will be paid on theRead More 11/11/2011
NEW YORK, Nov. 11, 2011 /PRNewswire via COMTEX/ --iStar Financial Inc. (NYSE: SFI) will join with a number of veterans to ring the Closing Bell at the New York Stock Exchange ("NYSE") on November 11, 2011 in honor of Veterans Day.
iStar will be joined on the closing bell podium by representatives from No Greater Sacrifice and the Fisher House Foundation, two veteran organizations providing vital services to our nation's military men and women. iStar employees have made donations to both ofRead More 11/08/2011
NEW YORK, Nov. 8, 2011 /PRNewswire via COMTEX/ --iStar Financial Inc. (NYSE: SFI) announced today that Jay Sugarman, chairman and chief executive officer, has adopted a stock trading plan to sell up to 375,000 shares of his company stock over time to fund outside personal and charitable interests. Sales under the plan may commence on November 8, 2011 and will be subject to the satisfaction of minimum price conditions and other contingencies. If Mr. Sugarman completes all the sales of shares unRead More 11/03/2011
NEW YORK, Nov. 3, 2011 /PRNewswire via COMTEX/ --iStar Financial Inc. (NYSE: SFI) announced today that it has extended its lease on five hotel net lease assets through December 31, 2025. The lease extension covers hotels in Seattle, San Diego/Mission Valley, Sonoma, Salt Lake City and Durango, CO and, as part of this lease extension, the Company has released Red Lion Hotels Corporation from a master lease that covered 15 properties in total, including the above hotels. The remaining 10 propertieRead More 10/27/2011
Earnings Report
- Net income (loss) allocable to common shareholders for the third quarter 2011 was ($62.2) million or ($0.71) per diluted common share.
- Company repurchased 12.1 million shares of its common stock during the quarter, reducing total common shares outstanding by 13.0% from the end of the prior quarter.
- Company recorded $19.1 million of loan loss provision and impairments for the quarter versus $83.8 million for the same period last year.
- Subsequent to quarter end, CompRead More 10/10/2011
NEW YORK, Oct. 10, 2011 /PRNewswire via COMTEX/ -- iStar Financial Inc. (NYSE: SFI) announced today that it will release its financial results for the third quarter of 2011 on Thursday, October 27, 2011, prior to the opening of the market.
The Company will host an earnings conference call reviewing these results and its operations beginning at 10:00 a.m. ET. This conference call will be broadcast live over the Internet and can be accessed by all interested parties through iStar Financial's wRead More 08/15/2011
NEW YORK, Aug. 15, 2011 /PRNewswire via COMTEX/ --iStar Financial Inc. (NYSE: SFI) announced today that the Company's Board of Directors has declared dividends on the Company's Series D, Series E, Series F, Series G, and Series I Preferred Stock. For all five series of Preferred Stock, dividends are payable on September 15, 2011 to holders of record on September 1, 2011.
A dividend of $0.50 per share will be paid on the 8.00% Series D Preferred Stock; a dividend of $0.492188 per share will Read More 08/08/2011
NEW YORK, Aug. 8, 2011 /PRNewswire via COMTEX/ --iStar Financial Inc. (NYSE: SFI) announced today that its Board of Directors approved a new stock repurchase program. The program authorizes the Company to repurchase up to $65 million of its common stock from time-to-time in the open market and privately negotiated transactions. The Company intends to enter into a 10b5-1 trading plan through which it may make purchases of its common stock.
The Company's prior stock repurchase program, which Read More 07/28/2011
Earnings Report
-- Net income (loss) allocable to common shareholders for the second quarter 2011 was ($35.5) million or ($0.38) per diluted common share.
-- Company recorded $13.1 million of loan loss provisions and impairments for the quarter versus $121.9 million for the same period last year.
-- Company continues to deleverage, retiring $684.6 million of debt during the quarter.
-- Company enters into new $120.0 million secured financing due 2021.
NEW YORK, July 28, 2011 /PRNewswire Read More 07/12/2011
NEW YORK, July 12, 2011 /PRNewswire via COMTEX/ --iStar Financial Inc. (NYSE: SFI) announced today that it will release its financial results for the second quarter of 2011 on Thursday, July 28, 2011, prior to the opening of the market.
The Company will host an earnings conference call reviewing these results and its operations beginning at 10:00 a.m. ET. This conference call will be broadcast live over the Internet and can be accessed by all interested parties through iStar Financial's webRead More 05/16/2011
NEW YORK, May 16, 2011 /PRNewswire via COMTEX/ --iStar Financial Inc. (NYSE: SFI) announced today that the Company's Board of Directors has declared dividends on the Company's Series D, Series E, Series F, Series G, and Series I Preferred Stock. For all five series of Preferred Stock, dividends are payable on June 15, 2011 to holders of record on June 1, 2011.
A dividend of $0.50 per share will be paid on the 8.00% Series D Preferred Stock; a dividend of $0.492188 per share will be paid on Read More 04/28/2011
Earnings Report
- Net income allocable to common shareholders for the first quarter 2011 was $67.4 million or $0.71 per diluted common share.
- Company completed new $2.95 billion senior secured credit facilities to refinance secured bank debt due in June 2011 and 2012 and repay a portion of unsecured debt.
- Company recorded $12.3 million of loan loss provisions and impairments for the quarter versus $95.4 million for the same period last year.
NEW YORK, April 28, 2011 /PRNewswire via CORead More 04/11/2011
NEW YORK, April 11, 2011 /PRNewswire via COMTEX/ --iStar Financial Inc. (NYSE: SFI) announced today that it will release its financial results for the first quarter of 2011 on Thursday, April 28, 2011, prior to the opening of the market.
The Company will host an earnings conference call reviewing these results and its operations beginning at 10:00 a.m. ET. This conference call will be broadcast live over the Internet and can be accessed by all interested parties through iStar Financial's weRead More 03/17/2011
NEW YORK, March 17, 2011 /PRNewswire via COMTEX/ --iStar Financial Inc. (NYSE: SFI) announced today that it has entered into a new $2.95 billion senior secured credit agreement providing for two tranches of term loans: a $1.50 billion A-1 tranche due June 28, 2013, which bears interest at a rate of LIBOR plus 3.75%, and a $1.45 billion A-2 tranche due June 30, 2014, which bears interest at a rate of LIBOR plus 5.75%. Both tranches include a LIBOR floor of 1.25%.
"The financing announced todRead More 02/24/2011
Earnings Report
- Net income (loss) allocable to common shareholders for the fourth quarter and fiscal year 2010 was ($67.1) million and $36.3 million, respectively, or ($0.73) and $0.39 per diluted common share, respectively.
- Company recorded $57.7 million of loan loss provisions and impairments for the quarter versus $280.9 million for same period last year. Non-performing loans decreased to $1.4 billion of carrying value from $3.0 billion at the end of prior year.
- During the year, CRead More 02/22/2011
NEW YORK, Feb. 22, 2011 /PRNewswire via COMTEX/ --iStar Financial Inc. (NYSE: SFI) announced today that it has engaged J.P. Morgan to arrange up to $3.0 billion in new senior secured credit facilities, the proceeds of which would be used to refinance the Company's secured loan facilities due to mature in June 2011 and 2012, as well as repay a portion of the Company's unsecured debt maturing in 2011. The proposed new credit facilities may be divided into tranches with differing interest rates anRead More 02/15/2011
NEW YORK, Feb. 15, 2011 /PRNewswire via COMTEX/ --iStar Financial Inc. (NYSE: SFI), a publicly traded, fully-integrated finance and investment company focused on the commercial real estate industry, today announced that it will release its financial results for the fourth quarter and fiscal year of 2010 on Thursday, February 24, 2011, prior to the opening of the market.
The Company will host an earnings conference call reviewing these results and its operations beginning at 10:00 a.m. ET. Read More 02/15/2011
NEW YORK, Feb. 15, 2011 /PRNewswire via COMTEX/ --iStar Financial Inc. (NYSE: SFI), a publicly traded, fully-integrated finance and investment company focused on the commercial real estate industry, announced today that the Company's Board of Directors has declared dividends on the Company's Series D, Series E, Series F, Series G, and Series I Preferred Stock. For all five series of Preferred Stock, dividends are payable on March 15, 2011 to holders of record on March 1, 2011.
A dividend ofRead More 01/24/2011
NEW YORK, Jan. 24, 2011 /PRNewswire via COMTEX/ --iStar Financial Inc. (NYSE: SFI), a publicly traded finance company focused on the commercial real estate industry, announced today the tax treatment of its 2010 preferred stock dividends.
Series D Preferred Stock
During 2010, taxable dividends for iStar Financial's distribution of $2.00 per share of the 8.00% Series D preferred stock CUSIP #45031U-408, listed under NYSE ticker symbol [SFI pD], will be classified as 100% return of capital.
Read More 01/18/2011
Leading Real Estate Group to Market South Beach
Oceanfront Property
MIAMI, Jan 18, 2011 (BUSINESS WIRE) --iStar Financial Inc. (NYSE:SFI), a publicly traded finance
company focused on the commercial real estate industry, announced today
that it will now have full ownership of the luxury Miami Beach real
estate condominium project "South of Fifth," located at
125 Ocean Drive.iStar Financial has engaged Cervera
Real Estate, Inc., a South Florida rRead More 12/22/2010
NEW YORK, Dec. 22, 2010 /PRNewswire via COMTEX/ --iStar Financial Inc. (NYSE: SFI), a leading publicly traded finance company focused on the commercial real estate industry, announced today that David DiStaso has been named chief financial officer, effective December 21, 2010.
DiStaso has served as chief accounting officer of iStar Financial since 2008 and has functioned as the Company's principal financial officer since April 2010.
"Dave has been a key member of our finance and accountiRead More 12/07/2010
NEW YORK, Dec. 7, 2010 /PRNewswire via COMTEX/ --iStar Financial Inc. (NYSE: SFI), a publicly traded finance company focused on the commercial real estate industry, announced today that it has called for redemption of its approximately $312 million remaining principal amount of 10% Second Priority Senior Secured Guaranteed Notes due 2014.
The notes are redeemable at 100% of par value plus accrued but unpaid interest to, but not including, the redemption date. The redemption date will be JanRead More 11/16/2010
NEW YORK, Nov. 16, 2010 /PRNewswire via COMTEX/ --iStar Financial Inc. (NYSE: SFI), a publicly traded finance company focused on the commercial real estate industry, announced today that the Company's Board of Directors has declared dividends on the Company's Series D, Series E, Series F, Series G, and Series I Preferred Stock. For all five series of Preferred Stock, dividends are payable on December 15, 2010 to holders of record on November 30, 2010.
A dividend of $0.50 per share will be pRead More 10/28/2010
Earnings Report
-- Adjusted earnings (loss) allocable to common shareholders for the third quarter 2010 was ($70.9) million, or ($0.76) per diluted common share.
-- Net income (loss) allocable to common shareholders for the third quarter 2010 was ($83.5) million, or ($0.89) per diluted common share.
-- Company recorded $78.4 million of loan loss provisions for the quarter versus $109.4 million for the prior quarter.
-- Company fully repaid A-participation interest on Fremont portfolio.
-- Read More 10/08/2010
NEW YORK, Oct 08, 2010 /PRNewswire via COMTEX/ --iStar Financial Inc. (NYSE: SFI), a publicly traded finance company focused on the commercial real estate industry, today announced that it will release its financial results for the third quarter 2010 on Thursday, October 28, 2010, prior to the opening of the market.
The Company will host an earnings conference call reviewing these results and its operations beginning at 10:00 a.m. ET. This conference call will be broadcast live over the IntRead More 08/16/2010
NEW YORK, Aug 16, 2010 /PRNewswire via COMTEX/ --iStar Financial Inc. (NYSE: SFI), a publicly traded finance company focused on the commercial real estate industry, announced today that the Company's Board of Directors has declared dividends on the Company's Series D, Series E, Series F, Series G, and Series I Preferred Stock. For all five series of Preferred Stock, dividends are payable on September 15, 2010 to holders of record on September 1, 2010.
A dividend of $0.50 per share will be pRead More 08/03/2010
Earnings Report
Company completes sale of portfolio comprised of 32 corporate tenant lease assets; recognizes $250.3 million gain associated with transaction; book value increases to $13.72 per common share.
Company retires $1.8 billion of debt during the quarter.
Adjusted earnings (loss) allocable to common shareholders for the second quarter 2010 was ($83.4) million, or ($0.89) per diluted common share.
Net income allocable to common shareholders for the second quarter 2010 was $2Read More 07/06/2010
NEW YORK - July 6, 2010 - iStar Financial Inc. (NYSE: SFI), a publicly traded finance company focused on the commercial real estate industry, today announced that it will release its financial results for the second quarter 2010 on Tuesday, August 3, 2010, prior to the opening of the market. The Company will host an earnings conference call reviewing these results and its operations beginning at 10:00 a.m. ET. This conference call will be broadcast live over the Internet and can be accesseRead More 06/28/2010
Company expects to recognize approximately $250 million gain associated with transaction
NEW YORK, June 28, 2010 /PRNewswire via COMTEX/ --iStar Financial Inc. (NYSE: SFI), a publicly traded finance company focused on the commercial real estate industry, announced today that it has completed its previously announced sale of 32 real properties, or interests therein, to various subsidiaries of Dividend Capital Total Realty Trust Inc. The properties are leased to a diverse group of corporate tenRead More 05/14/2010
NEW YORK, May 14, 2010 /PRNewswire via COMTEX/ --iStar Financial Inc. (NYSE: SFI), a publicly traded finance company focused on the commercial real estate industry, announced today that the Company's Board of Directors has declared dividends on the Company's Series D, Series E, Series F, Series G, and Series I Preferred Stock. For all five series of Preferred Stock, dividends are payable on June 15, 2010 to holders of record on June 1, 2010.
A dividend of $0.50 per share will be paid on the 8Read More 04/29/2010
Earnings Report
Adjusted earnings (loss) allocable to common shareholders for the first quarter 2010 were ($24.2) million, or ($0.26) per diluted common share, compared with ($141.7) million, or ($1.47) per diluted common share for the fourth quarter 2009.
Net income (loss) allocable to common shareholders for the first quarter 2010 was ($25.4) million, or ($0.27) per diluted common share, compared with ($159.2) million, or ($1.65) per diluted common share for the fourth quarter 2009.
Read More 04/12/2010
NEW YORK, April 12, 2010 /PRNewswire via COMTEX/ --iStar Financial Inc. (NYSE: SFI), a publicly traded finance company focused on the commercial real estate industry, today announced that it will release its full financial results for the first quarter of 2010 on Thursday, April 29, 2010, prior to the opening of the market.
The Company will host an earnings conference call reviewing these results and its operations beginning at 10:00 a.m. ET. This conference call will be broadcast live over tRead More 02/17/2010
- Adjusted earnings (loss) allocable to common shareholders for the fourth quarter and fiscal year 2009 were ($141.7) million and ($688.8) million, respectively, or ($1.47) and ($6.88) per diluted common share, respectively.
- Net income (loss) allocable to common shareholders for the fourth quarter and fiscal year 2009 was ($159.2) million and ($788.6) million, respectively, or ($1.65) and ($7.88) per diluted common share, respectively.
- Company recorded $216.4 million of loan loss provisiRead More 02/16/2010
NEW YORK, Feb 16, 2010 /PRNewswire via COMTEX/ -- iStar Financial Inc. (NYSE: SFI), a publicly traded finance company focused on the commercial real estate industry, announced today that the Company's Board of Directors has declared dividends on the Company's Series D, Series E, Series F, Series G, and Series I Preferred Stock. For all five series of Preferred Stock, dividends are payable on March 15, 2010 to holders of record on March 1, 2010.
A dividend of $0.50 per share will be paid on theRead More 02/05/2010
NEW YORK, Feb 05, 2010 /PRNewswire via COMTEX/ -- iStar Financial Inc. (NYSE: SFI), a leading publicly traded finance company focused on the commercial real estate industry, announced today the tax treatment of its 2009 preferred stock dividends.
Series D Preferred Stock
During 2009, taxable dividends for iStar Financial's distribution of $2.00 per share of the 8.00% Series D preferred stock CUSIP #45031U-408, listed under NYSE ticker symbol [SFI pD], will be classified as 100% return of capRead More 02/05/2010
NEW YORK, Feb 05, 2010 /PRNewswire via COMTEX/ -- iStar Financial Inc. (NYSE: SFI), a leading publicly traded finance company focused on the commercial real estate industry, today announced that it will release its financial results for the fourth quarter and year-end 2009 on Wednesday, February 17, 2010, prior to the opening of the market.
The Company will host an earnings conference call reviewing these results and its operations beginning at 10:00 a.m. ET. This conference call will be broadRead More 11/16/2009
NEW YORK, Nov. 16 /PRNewswire-FirstCall/ -- iStar Financial Inc. (NYSE: SFI), a leading publicly traded finance company focused on the commercial real estate industry, announced today that the Company's Board of Directors has declared dividends on the Company's Series D, Series E, Series F, Series G, and Series I Preferred Stock. For all five series of Preferred Stock, dividends are payable on December 15, 2009 to holders of record on November 30, 2009.
A dividend of $0.50 per shaRead More 10/30/2009
Adjusted earnings (loss) allocable to common shareholders for the third quarter was ($234.2) million, or ($2.37) per diluted common share.
Net income (loss) allocable to common shareholders for the third quarter was ($251.3) million, or ($2.55) per diluted common share.
Company records $345.9 million of loan loss provisions during the quarter versus $435.0 million during the prior quarter.
NEW YORK, Oct. 30 /PRNewswire-FirstCall/ -- iStar Financial Inc. (NYSE: SFI), a leading Read More 10/09/2009
NEW YORK, Oct. 9 /PRNewswire-FirstCall/ -- iStar Financial Inc. (NYSE: SFI), a leading publicly traded finance company focused on the commercial real estate industry, today announced that it will release its full financial results for the third quarter of 2009 on Friday, October 30, 2009, prior to the opening of the market.
The Company will host an earnings conference call reviewing these results and its operations beginning at 10:00 a.m. ET. This conference call will be broaRead More 08/17/2009
NEW YORK, Aug. 17 /PRNewswire-FirstCall/ -- iStar Financial Inc. (NYSE:
SFI), a leading publicly traded finance company focused on the commercial real
estate industry, announced today that the Company's Board of Directors has
declared dividends on the Company's Series D, Series E, Series F, Series G,
and Series I Preferred Stock. For all five series of Preferred Stock,
dividends are payable on September 15, 2009 to holders of record on September
1, 2009.
A dividend of $0.50 per shRead More 07/31/2009
- Adjusted earnings (loss) allocable to common shareholders for the second
quarter was ($250.1) million, or ($2.51) per diluted common share
- Net income (loss) allocable to common shareholders for the second quarter
was ($284.2) million, or ($2.85) per diluted common share.
- Company records $435.0 million of loan loss provisions during the quarter versus $258.1 million during the prior quarter.
- Company exchanged $1.0 billion of existing unsecured notes Read More 07/09/2009
NEW YORK, July 9, 2009 /PRNewswire-FirstCall via COMTEX/ -- iStar Financial Inc. (NYSE: SFI), a leading publicly traded finance company focused on the commercial real estate industry, today announced that it will release its full financial results for the second quarter of 2009 on Friday, July 31, 2009, prior to the opening of the market.
The Company will host an earnings conference call reviewing these results and its operations beginning at 10:00 a.m. ET. This conference call will be broadcasRead More 06/03/2009
NEW YORK, June 3 /PRNewswire-FirstCall/ -- iStar Financial Inc. (NYSE:
SFI), a leading publicly traded finance company focused on the commercial real
estate industry, will participate in a moderated discussion at REITWeek 2009:
NAREIT's Investor Forum on Thursday, June 4, 2009 in New York, NY, at 2:00
p.m. ET.
iStar Financial's participation will be broadcast live over the Internet
and can be accessed through the Company's website, www.istarfinancial.com. To
listen, please go to tRead More 05/15/2009
NEW YORK, May 15 /PRNewswire-FirstCall/ -- iStar Financial Inc. (NYSE:
SFI), a leading publicly traded finance company focused on the commercial real
estate industry, announced today that the Company's Board of Directors has
declared dividends on the Company's Series D, Series E, Series F, Series G,
and Series I Preferred Stock. For all five series of Preferred Stock,
dividends are payable on June 15, 2009 to holders of record on June 1, 2009.
A dividend of $0.50 per share will be Read More 05/07/2009
NEW YORK, May 7 /PRNewswire-FirstCall/ -- iStar Financial Inc. (NYSE: SFI)
announced today the final results of its previously announced private offers
to exchange a portion of the Company's existing senior unsecured notes (the
"Old Notes") for new second-lien senior secured notes issued by the Company
and guaranteed by certain of its subsidiaries, as well as the Company's cash
tender offer to purchase a portion of its outstanding Series B Senior Floating
Rate Notes due September 2009 Read More 04/30/2009
- Adjusted earnings (loss) allocable to common shareholders for the first
quarter was ($64.0) million, or ($0.61) per diluted common share.
- Net income (loss) allocable to common shareholders for the first quarter
was ($93.9) million, or ($0.89) per diluted common share.
- Company records $258.1 million of loan loss provisions during the
quarter versus $252.0 million during the prior quarter.
- Company completes $1.0 billion secured term loan and restructuring of
existingRead More 04/23/2009
NEW YORK, April 23, 2009 /PRNewswire-FirstCall via COMTEX/ -- iStar Financial Inc. (NYSE: SFI) announced today that it has increased the consideration it will pay to holders of Priority 1 Notes in its previously announced private exchange offers. The Priority 1 Notes consist of the Company's Senior Floating Rate Notes due March 2010 and 5.375% Senior Notes due April 2010.
iStar is now offering to exchange each $1,000 principal amount of Priority 1 Notes validly tendered pursuant to the private Read More 04/20/2009
NEW YORK, April 20 /PRNewswire-FirstCall/ -- iStar Financial Inc. (NYSE:
SFI), a leading publicly traded finance company focused on the commercial real
estate industry, today provided an update on certain key operating results for
its first quarter of 2009.
iStar reported adjusted earnings (loss) allocable to common shareholders
for the first quarter of ($61.9) million, or ($0.59) per diluted common share.
Net income (loss) allocable to common shareholders for the first quarter wasRead More 04/14/2009
NEW YORK, April 14 /PRNewswire-FirstCall/ -- iStar Financial Inc. (NYSE:
SFI), a leading publicly traded finance company focused on the commercial real
estate industry, today announced that it will release its full financial
results for the first quarter of 2009 on Thursday, April 30, 2009, prior to
the opening of the market.
The Company will host an earnings conference call reviewing these results
and its operations beginning at 10:00 a.m. ET. This conference call will be
broadcaRead More 04/09/2009
NEW YORK, April 9, 2009 /PRNewswire-FirstCall via COMTEX/ -- iStar Financial Inc. (NYSE: SFI) announced today that it has commenced private offers to exchange a portion of the Company's existing senior unsecured notes for up to $1.0 billion aggregate principal amount of new second-lien senior secured notes to be issued by the Company and guaranteed by certain of its subsidiaries. Concurrently with the exchange offers, the Company is also making an offer to purchase for cash a portion of the CompRead More 03/16/2009
Company Board of Directors Approves Stock Repurchase Program
NEW YORK, March 16 /PRNewswire-FirstCall/ -- iStar Financial Inc. (NYSE:
SFI), a leading publicly traded finance company focused on the commercial real
estate industry, announced today that it has completed its previously
announced new secured term loan facility and restructuring of its existing
unsecured revolving credit facilities.
New $1 Billion Delayed Draw Secured Credit Agreement
The Company announced that Read More 02/26/2009
- Total revenues were $289.9 million and $1.4 billion for the fourth
quarter and fiscal year 2008, respectively.
- Company records $252.0 million of loan loss provisions during the
quarter versus $411.1 million during the prior quarter.
- Adjusted earnings (loss) allocable to common shareholders for the fourth
quarter and fiscal year were $12.7 million and ($352.0) million, respectively,
or $0.10 and ($2.68) per diluted common share, respectively.
- Net income (loss) allocRead More 02/19/2009
NEW YORK, Feb. 19 /PRNewswire-FirstCall/ -- iStar Financial Inc. (NYSE:
SFI), a leading publicly traded finance company focused on the commercial real
estate industry, announced today that the Company's Board of Directors has
declared dividends on the Company's Series D, Series E, Series F, Series G,
and Series I Preferred Stock. For all five series of Preferred Stock,
dividends are payable on March 16, 2009 to holders of record on March 2, 2009.
A dividend of $0.50 per share will Read More 01/28/2009
NEW YORK, Jan. 28 /PRNewswire-FirstCall/ -- iStar Financial Inc. (NYSE:
SFI), a leading publicly traded finance company focused on the commercial real
estate industry, announced today the tax treatment of its 2008 common and
preferred stock dividends.
Common Stock Dividends
During 2008, taxable dividends for iStar Financial's common stock were
$1.74 per share. The Company's common stock is currently listed under the
CUSIP #45031U-101 and trades under the NYSE ticker symbol [SFRead More 01/23/2009
NEW YORK, Jan. 23 /PRNewswire-FirstCall/ -- iStar Financial Inc. (NYSE:
SFI), a leading publicly traded finance company focused on the commercial real
estate industry, today announced that it will release its financial results
for the fourth quarter and fiscal year 2008 on Thursday, February 26, 2009,
prior to the opening of the market.
The Company will host an earnings conference call reviewing these results
and its operations beginning at 10:00 a.m. ET. This conference call will Read More 12/10/2008
NEW YORK, Dec. 10 /PRNewswire-FirstCall/ -- iStar Financial Inc. (NYSE:
SFI), a leading publicly traded finance company focused on the commercial real
estate industry, announced today that Catherine D. Rice, executive vice
president and chief financial officer, will retire in March of 2009 and James
D. Burns, iStar's executive vice president and treasurer, will be promoted to
CFO upon Rice's retirement next year.
After serving as a senior member of the management team at iStar sincRead More 11/14/2008
NEW YORK, Nov. 14 /PRNewswire-FirstCall/ -- iStar Financial Inc. (NYSE:
SFI), a leading publicly traded finance company focused on the commercial real
estate industry, announced today that the Company's Board of Directors has
declared dividends on the Company's Series D, Series E, Series F, Series G,
and Series I Preferred Stock. For all five series of Preferred Stock,
dividends are payable on December 15, 2008 to holders of record on November
28, 2008.
A dividend of $0.50 per shaRead More 10/30/2008
Thursday October 30, 7:00 am ET
- Total revenues were $341 million; up 5.3% from the prior quarter.
- Company records $411 million of loan loss provision during the quarter.
- Adjusted earnings (loss) for the quarter was ($285.9) million for common shareholders or ($2.15) per diluted common share.
- Net income (loss) allocable to common shareholders was ($305.8) million or ($2.30) per diluted common share for the quarter.
- Company updates full year 2008 adjusted earnings per diluted commRead More 10/14/2008
NEW YORK, Oct 14, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- iStar Financial Inc. (NYSE: SFI), a leading publicly traded finance company focused on the commercial real estate industry, today announced that it will release its financial results for the third quarter of 2008 on Thursday, October 30, 2008, prior to the opening of the market.
The Company will host an earnings conference call reviewing these results and its operations beginning at 10:00 a.m. ET. This conference call willRead More 10/01/2008
NEW YORK, Oct. 1 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, announced today that its Board of Directors
has determined that the Company will pay the remainder of its 2008 taxable
income as a fourth quarter dividend.
The Company stated that as a real estate investment trust (REIT), it is
required to pay out 90% of its annual taxable income to common shareholders.
The Company hRead More 08/15/2008
NEW YORK, Aug. 15 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, announced today that the Company's Board of
Directors has declared dividends on the Company's Series D, Series E, Series
F, Series G, and Series I Preferred Stock. For all five series of Preferred
Stock, dividends are payable on September 15, 2008 to holders of record on
August 29, 2008.
A dividend of $0.50 per sharRead More 07/31/2008
- Total revenues were $324 million, up 5.7% year-over-year.
- Company recognizes $308 million of net gains on asset sales; records
$217 million non-cash asset specific loan provisions and $45 million
non-cash mark-to-market impairments.
- Net income allocable to common shareholders was $20 million or $0.15 per
diluted common share for the quarter.
- Adjusted earnings plus net realized gains were $106 million or $0.79 per
diluted Read More 07/18/2008
Preliminary Earnings Estimates Reflect Increased Loan Provisions
Company to Recognize $300 Million of Gains on Sale of Assets
Company Maintains Liquidity of $1.4 Billion at Quarter End
NEW YORK, July 18 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, announced today that continued market
deterioration will impact second quarter earnings.
BRead More 07/02/2008
NEW YORK, July 2 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, today announced that it will release its
financial results for the second quarter of 2008 on Thursday, July 31, 2008,
prior to the opening of the market.
The Company will host an earnings conference call reviewing these results
and its operations beginning at 10:00 a.m. EDT. This conference call will be
broadcast livRead More 07/02/2008
NEW YORK, July 2 /PRNewswire-FirstCall/ -- iStar Financial Inc. (NYSE:
SFI), a leading publicly traded finance company focused on the commercial real
estate industry, announced today the retirement of Tim O'Connor, executive
vice president and chief operating officer, as well as the appointments of a
new chief accounting officer and a new independent member of its Board of
Directors.
After serving as both a leader and mentor over the past 10 years at iStar,
O'Connor retired effective Read More 07/01/2008
NEW YORK, July 1 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, announced today that the Company's Board of
Directors has declared a regular quarterly cash dividend on its common stock
of $0.87 per share for the quarter ending June 30, 2008. The $0.87 dividend is
payable on July 31, 2008 to holders of record at the close of business on July
15, 2008.
iStar Financial Inc. is a lRead More 06/02/2008
NEW YORK, June 2 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, will participate in a moderated discussion at
REITWeek 2008: NAREIT's Investor Forum on Wednesday, June 4, 2008 in New York,
NY, at 4:15 p.m. ET.
iStar Financial's participation will be broadcast live over the Internet
and can be accessed through the Company's website, www.istarfinancial.com. To
listen, please go to Read More 05/16/2008
NEW YORK, May 16 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, announced today that it has agreed to sell
$750 million aggregate principal amount of 8.625% Senior Notes due 2013. The
Notes are senior unsecured debt securities of the Company and will rank
equally with all of the Company's other senior unsecured debt. Interest is
payable semi-annually on each June 1 and December 1, comRead More 05/15/2008
NEW YORK, May 15 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, announced today that the Company's Board of
Directors has declared dividends on the Company's Series D, Series E, Series
F, Series G, and Series I Preferred Stock. For all five series of Preferred
Stock, dividends are payable on June 13, 2008 to holders of record on May 30,
2008.
A dividend of $0.50 per share will beRead More 05/13/2008
NEW YORK, May 13 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, will participate in a moderated discussion at
the 18th American Financial Services Association Finance Industry Conference
for Fixed Income Investors today, May 13, 2008 in Boston, MA, at 2:00 p.m. ET.
iStar Financial's participation will be broadcast live over the Internet
and can be accessed through the Company's weRead More 05/02/2008
- Adjusted earnings per diluted common share were $0.87 for the first
quarter 2008.
- Total revenues were $422.4 million; up 48% year-over-year.
- Company pays off interim facility used to finance acquisition of
Fremont.
- Company to recognize approximately $250 million gain on sale of
TimberStar Southwest joint venture.
- Company revises full year 2008 adjusted earnings per diluted common
share guidance to $3Read More 04/04/2008
NEW YORK, April 4, 2008 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, today announced that it will release its
financial results for the first quarter of 2008 on Friday, May 2, 2008, prior
to the opening of the market.
The Company will host an earnings conference call reviewing these results
and its operations beginning at 10:00 a.m. EDT. This conference call will be
broadcast lRead More 04/01/2008
NEW YORK, April 1, 2008 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, announced today that it has closed on its
previously announced sale of its TimberStar Southwest joint venture and the
venture's approximately 900,000-acre portfolio of forestland and related
assets for $1.71 billion, including the assumption of debt.
TimberStar Southwest purchased the properties from InternatioRead More 03/07/2008
NEW YORK, March 7 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, announced today that the Company's Board of
Directors has declared a regular quarterly cash dividend on its common stock
of $0.87 per share for the quarter ending March 31, 2008. The $0.87 dividend
is payable on April 30, 2008 to holders of record at the close of business on
March 17, 2008.
The Company will host a cRead More 02/28/2008
- Total revenues reach $413.8 million and record $1.4 billion for the
fourth quarter and fiscal year 2007, respectively.
- Company records $134.9 million of non-cash mark-to-market impairments in
its Corporate Loan and Debt portfolio; also records loan loss provision
of $113.0 million in fourth quarter.
- Inclusive of non-cash impairments, adjusted earnings (loss) per diluted
common share were ($0.29) and $2.72 for the fourth quarter and fiRead More 02/19/2008
NEW YORK, Feb. 19 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, today announced that the partners in the
TimberStar Southwest venture have entered into an agreement to sell the
TimberStar Southwest joint venture and its approximate 900,000 acre portfolio
of forestland and related assets for $1.71 billion, including the assumption
of debt.
TimberStar Southwest is a joint venture Read More 02/15/2008
NEW YORK, Feb. 15 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, announced today that the Company's Board of
Directors has declared dividends on the Company's Series D, Series E, Series
F, Series G, and Series I Preferred Stock. For all five series of Preferred
Stock, dividends are payable on March 14, 2008 to holders of record on
February 29, 2008.
A dividend of $0.50 per share Read More 01/29/2008
NEW YORK, Jan. 29 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI) the leading publicly traded finance company focused on the
commercial real estate industry, announced today the tax treatment of its 2007
common and preferred stock dividends.
Common Stock Dividends
During 2007, taxable dividends for iStar Financial's common stock were
$3.595 per share. The Company's common stock is currently listed under the
CUSIP #45031U-101 and trades under the NYSE ticker symbol [Read More 01/28/2008
NEW YORK, Jan. 28 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, will participate in a moderated discussion at
the Citigroup 2008 Financial Services Conference on Tuesday, January 29, 2008
in New York, NY, at 2:45 p.m. EST.
iStar Financial's participation will be broadcast live over the
Internet and can be accessed through the Company's website,
http://www.istarfinancial.com. To Read More 01/28/2008
NEW YORK, Jan. 28 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, today announced that it will release its
financial results for the fourth quarter and fiscal year 2007 on Thursday,
February 28, 2008, prior to the opening of the market.
The Company will host an earnings conference call reviewing these results
and its operations beginning at 10:00 a.m. EST. This conference call willRead More 12/20/2007
NEW YORK, Dec. 20 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, announced today that its Board of Directors
has declared a special cash dividend of $0.25 per common share payable on
January 14, 2008 to shareholders of record as of the close of business on
December 31, 2007. The decision to declare a special dividend was primarily
due to higher taxable income generated as a result of Read More 12/13/2007
NEW YORK, Dec. 13 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, announced today that it has priced an
offering of eight million shares of its common stock at a price to public of
$28.41 per share, after increasing the size of the offering in response to
investor demand. All of the shares were offered by the Company. The net
proceeds after deducting underwriting discounts and commissiRead More 12/12/2007
NEW YORK, Dec. 12 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, announced today that it has commenced an
underwritten public offering of 6 million shares of its common stock. The
Company intends to grant the underwriters an option to purchase up to 900,000
additional shares to cover over-allotments.
The Company intends to use the net proceeds from the offering to repay
outstandiRead More 12/05/2007
NEW YORK, Dec. 5 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, will host an Investor Day in New York City on
Thursday, December 6, 2007.
The event will feature presentations by the iStar executive team, a panel
discussion on construction financing and a moderated Q&A discussion with
senior management. Presentations are scheduled to begin at 2:00 p.m. EST and
run through 5:00 p.mRead More 12/04/2007
NEW YORK, Dec. 4 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, announced today that its Board of Directors
has declared a regular quarterly cash dividend on its common stock of $0.87
per share for the quarter ended December 31, 2007. The $0.87 dividend is
payable on December 31, 2007 to holders of record on December 17, 2007.
* * *
iRead More 11/15/2007
NEW YORK, Nov. 15 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, announced today that the Company's Board of
Directors has declared dividends on the Company's Series D, Series E, Series
F, Series G, and Series I Preferred Stock. For all five series of Preferred
Stock, dividends are payable on December 14, 2007 to holders of record on
November 30, 2007.
A dividend of $0.50 per shaRead More 11/13/2007
NEW YORK, Nov. 13 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, today announced that a registration statement
on Form S-1 has been filed with the Securities and Exchange Commission for an
initial public offering of the common stock of iStar Acquisition Corp.
iStar will discuss the filing in a conference call beginning at 10:00 a.m.
EST today. This conference call will be broadcasRead More 11/06/2007
Board of Directors Approves 5% Increase in Quarterly Dividend on Common Stock
- Adjusted earnings reach record of $1.07 per diluted common share, up 19%
year-over-year.
- Total revenues reach a record $419.4 million, up 68% year-over-year.
- Company expects fiscal year 2007 adjusted earnings per diluted common
share of $4.00 - $4.10 and diluted GAAP earnings per diluted common
share of $2.80 - $2.90.
- Company announces fiscal year 200Read More 10/15/2007
NEW YORK, Oct 15, 2007 /PRNewswire-FirstCall via COMTEX News Network/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, today announced that it will release its
financial results for the third quarter 2007 on Tuesday, November 6, 2007,
prior to the opening of the market.
The Company will host an earnings conference call reviewing these results
and its operations beginning at 10:00 a.m. EST. This conference call wiRead More 10/10/2007
NEW YORK, Oct. 10 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, announced today the pricing of $800 million
aggregate principle amount of its convertible senior floating rate notes due
2012. These Notes priced at par, mature on October 1, 2012, and will bear
interest at a rate per annum equal to 3-month LIBOR plus 0.50%. The offering
is expected to close on October 15, 2007.
TheRead More 10/09/2007
NEW YORK, Oct. 9 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, announced today its intention to commence an
underwritten public offering, subject to market conditions, of convertible
senior floating rate notes due 2012.
The Notes will be senior unsecured obligations of the Company and will
rank equally with all of the Company's other senior unsecured indebtedness.
iStar expects Read More 10/01/2007
NEW YORK, Oct. 1 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, announced today that its Board of Directors
has declared a regular quarterly cash dividend on its common stock of $0.825
per share for the quarter ended September 30, 2007. The $0.825 dividend is
payable on October 29, 2007 to holders of record on October 15, 2007.
iStar Financial Inc. is a leading publicly traded finRead More 08/15/2007
NEW YORK, Aug. 15 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, announced today that the Company's Board of
Directors has declared dividends on the Company's Series D, Series E, Series
F, Series G, and Series I Preferred Stock. For all five series of Preferred
Stock, dividends are payable on September 14, 2007 to holders of record on
August 31, 2007.
A dividend of $0.50 per sharRead More 08/01/2007
NEW YORK, Aug 01, 2007 /PRNewswire-FirstCall via COMTEX News Network/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, announced today that it intends to
reactivate its previously authorized stock repurchase program. As described in
the Company's Securities and Exchange documents, under the existing program,
the Company may currently purchase up to 2.7 million shares of common stock
from time to time through openRead More 07/30/2007
Adjusted earnings per diluted common share up 12% year-over-year to
$1.02.
New financing commitments totaled $1.8 billion in 36 separate
transactions.
Total revenues reached a record $317.3 million, up 33% year-over-year.
Subsequent to quarter end, the Company closed on its previously
announced acquisition of the commercial real estate lending business
from Fremont Investment & Loan.
Company increases fiscal year 2007 guidance for adjusted earnings per
Read More 07/11/2007
NEW YORK, July 11, 2007 /PRNewswire-FirstCall via COMTEX News Network/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, today announced that it will release its
financial results for the second quarter 2007 on Monday, July 30, 2007, prior
to the opening of the market.
The Company will host an earnings conference call reviewing these results
and its operations beginning at 10:00 a.m. EDT. This conference call willRead More 07/02/2007
NEW YORK, July 2 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, announced today that is has closed on its
previously announced transaction with Fremont Investment & Loan, a subsidiary
of Fremont General Corporation (NYSE: FMT). iStar acquired Fremont's
commercial real estate lending business and retained an interest in Fremont's
commercial loan portfolio in this transaction.
"TheRead More 07/02/2007
NEW YORK, July 2 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, announced today that its Board of Directors
has declared a regular quarterly cash dividend on its common stock of $0.825
per share for the quarter ended June 30, 2007. The $0.825 dividend is payable
on July 30, 2007 to holders of record on July 16, 2007.
iStar Financial Inc. is a leading publicly traded finance companRead More 06/21/2007
NEW YORK, June 21 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, announced today that Jay Sugarman, chairman
and chief executive officer, has adopted a new stock trading plan to sell a
portion of his company stock over time as part of a strategy for asset
diversification and liquidity.
The trading plan was adopted in accordance with guidelines specified by
the Securities and ExchRead More 06/04/2007
NEW YORK, June 4 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, will participate in a moderated discussion at
REITWeek(TM) 2007: NAREIT Investor Forum on Wednesday, June 6, 2007 in New
York, NY at 9:30 a.m. EDT.
iStar Financial's participation will be broadcast live over the Internet
and can be accessed through the Company's website, www.istarfinancial.com. To
listen, please go tRead More 05/22/2007
Transaction will significantly expand iStar's footprint and increase
regional reach
Will accelerate iStar's position as one of the strongest construction
and direct origination platforms in the industry
iStar's total assets to exceed $14 billion upon closing
Expected to be accretive in current fiscal year
NEW YORK, May 22 /PRNewswire-FirstCall/ -- iStar Financial Inc. (NYSE:
SFI), a leading publicly traded finance company focused on the commercial realRead More 05/15/2007
NEW YORK, May 15 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, announced today that the Company's Board of
Directors has declared dividends on the Company's Series D, Series E, Series
F, Series G, and Series I Preferred Stock. For all five series of Preferred
Stock, dividends are payable on June 15, 2007 to holders of record on June 1,
2007.
A dividend of $0.50 per share will beRead More 04/24/2007
--First quarter new financing commitments reached $1.7 billion in a record 44 separate transactions. -- Adjusted earnings per diluted common share were $0.93 for the first quarter 2007. -- Total revenues reached a record $290.8 million for the first quarter 2007, up 31% year-over year. -- Company announces strategic joint venture to further expand its European investment platform. -- Company affirms full year 2007 adjusted earnings per diluted common share guidance of $3.80 - $4.00 and diluted GRead More 04/10/2007
NEW YORK, April 10 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, today announced that it will release its
financial results for the first quarter 2007 on Tuesday, April 24, 2007, prior
to the opening of the market.
The Company will host an earnings conference call reviewing these results
and its operations beginning at 10:00 a.m. EDT. This conference call will be
broadcast live Read More 04/02/2007
NEW YORK, April 2 /PRNewswire-FirstCall/ -- iStar Financial Inc. (NYSE:
SFI), a leading publicly traded finance company focused on the commercial real
estate industry, announced today that its Board of Directors has declared a
regular quarterly cash dividend on its common stock of $0.825 per share for
the quarter ended March 31, 2007. The $0.825 dividend is payable on April 30,
2007 to holders of record on April 16, 2007.
iStar Financial Inc. is a leading publicly traded finance coRead More 03/06/2007
NEW YORK, March 6, 2007 /PRNewswire-FirstCall via COMTEX News Network/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, announced today that it has agreed to sell
$1.05 billion of senior unsecured notes; comprising two series of Fixed Rate
Senior Notes totaling $550 million and $500 million of Floating Rate Notes.
All of the Notes are senior unsecured debt securities of the Company.
The Company has agreed to sellRead More 02/22/2007
Board of Directors Approves 7.1% Increase in Quarterly Dividend on Common
Stock
Fourth quarter new financing commitments reached $1.84 billion in 39
separate transactions, up 10% year-over-year.
2006 origination volume increased to $6.1 billion, up 29% year-over-
year, in 121 total financing commitments.
2006 net asset growth reached $2.5 billion; total assets reached $11.0
billion at year-end.
Adjusted earnings per diRead More 02/14/2007
NEW YORK, Feb. 14 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, announced today that the Company's Board of
Directors has declared dividends on the Company's Series D, Series E, Series
F, Series G, and Series I Preferred Stock. For all five series of Preferred
Stock, dividends are payable on March 15, 2007 to holders of record on March
1, 2007.
A dividend of $0.50 per share willRead More 01/30/2007
NEW YORK, Jan. 29 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, will participate in a moderated discussion at
the 2007 Citigroup Financial Services Conference on Tuesday, January 30, 2007
in New York, NY, at 11:15 a.m. EST.
iStar Financial's participation will be broadcast live over the Internet
and can be accessed through the Company's website,
http://www.istarfinancial.com. TRead More 01/18/2007
NEW YORK, Jan. 18 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, announced today the tax treatment of its 2006
common and preferred stock dividends.
Common Stock Dividends
During 2006, dividends for iStar Financial's common stock were $3.08 per
share. The Company's common stock is currently listed under the CUSIP #45031U-
101 and trades under the NYSE ticker symbol [SFI]. ForRead More 01/11/2007
NEW YORK, Jan. 11 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, today announced that it will release its
financial results for the fourth quarter and fiscal year 2006 on Thursday,
February 22, 2007, prior to the opening of the market.
The company will host an earnings conference call reviewing these results
and its operations beginning at 10:00 a.m. EST. This conference call willRead More 01/09/2007
NEW YORK, Jan. 9 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI) announced today that pursuant to its previously announced consent
solicitation for certain series of its outstanding senior Notes, the Company
has received the requisite consents to adopt the proposed amendments to the
indentures governing each series of Notes.
The table below presents the results of the consent solicitation.
Securities Amount Outstanding % ConsentiRead More 01/04/2007
NEW YORK, Jan. 4 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI)
announced today that it has further extended the consent expiration date with
respect to a consent solicitation for its 7.000% Senior Notes due 2008, 4.875%
Senior Notes due 2009, 6.000% Senior Notes due 2010, 5.125% Senior Notes due
2011, 6.500% Senior Notes due 2013 and 5.700% Senior Notes due 2014 to 5:00
p.m. New York City time, on January 9, 2007, unless terminated or further
extended.
As of 5:00 p.m. New York Read More 01/03/2007
NEW YORK, Jan. 3 /PRNewswire-FirstCall/ -- iStar Financial Inc. (NYSE:
SFI), announced today that it has extended the consent expiration date with
respect to a consent solicitation for its 7.000% Senior Notes due 2008, 4.875%
Senior Notes due 2009, 6.000% Senior Notes due 2010, 5.125% Senior Notes due
2011, 6.500% Senior Notes due 2013 and 5.700% Senior Notes due 2014 to 5:00
p.m. New York City time, on January 3, 2007, unless terminated or further
extended.
As of 5:00 p.m. New YoRead More 12/01/2006
NEW YORK, Dec. 1 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), the leading publicly traded finance company focused on the
commercial real estate industry, announced today that its Board of Directors
has declared a regular quarterly cash dividend on its common stock of $0.77
per share for the quarter ended December 31, 2006. The $0.77 dividend is
payable on December 29, 2006 to holders of record on December 15, 2006.
iStar Financial is the leading publicly traded finaRead More 11/28/2006
NEW YORK, Nov. 28 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), the leading publicly traded finance company focused on the
commercial real estate industry, will host its inaugural Investor Day in New
York City on Wednesday, December 6, 2006.
The event will feature presentations by the iStar executive team, as well
as a moderated panel discussion. Management presentations are scheduled to
begin at 1:00 p.m. EST and run through 5:00 p.m. EST.
The event will be broaRead More 11/15/2006
NEW YORK, Nov. 15 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), the leading publicly traded finance company focused on the
commercial real estate industry, announced today that the Company's Board of
Directors has declared dividends on the Company's Series D, Series E, Series
F, Series G, and Series I Preferred Stock. For all five series of Preferred
Stock, dividends are payable on December 15, 2006 to holders of record on
December 1, 2006.
A dividend of $0.50 per shRead More 11/09/2006
NEW YORK, Nov. 9 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI) today announced the pricing of the public offering of 11,000,000
shares of its common stock at $44.50 per share. All of the shares were offered
by the Company. The resulting gross proceeds from the offering will be
approximately $489.5 million. The net proceeds to the Company after deducting
underwriting discounts and commissions and offering expenses payable by the
Company will be approximately $471.1 million.Read More 10/26/2006
- Third quarter new financing commitments reach record $1.95 billion in
37 separate transactions, up 138% year-over-year.
- Total revenues reach record $256.6 million for the third quarter 2006.
- Adjusted earnings per diluted common share were $0.90 for the third
quarter 2006.
- Company increases full year 2006 adjusted earnings per diluted common
share guidance to $3.50 - $3.60.
- Company announces full year 2007 adjusted earnings Read More 10/18/2006
NEW YORK, Oct. 18 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), announced today the final results of its Offer to Exchange iStar
Financial Inc. 5.95% Senior Notes due 2013 ("2013 notes") for outstanding
iStar Financial Inc. 8.75% Notes due 2008 ("2008 notes") and Solicitation of
Consents. The exchange offer and consent solicitation were launched on
September 19, 2006 and expired at 12:00 midnight, New York City time, on
October 17, 2006.
A total of $189,669,000 aggreRead More 10/05/2006
NEW YORK, Oct. 5 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), the leading publicly traded finance company focused on the
commercial real estate industry, today announced that it will release its
financial results for the third fiscal quarter ended September 30, 2006 on
Thursday, October 26, 2006, prior to the opening of the market.
The company will host an earnings conference call reviewing these results
and its operations beginning at 10:00 a.m. EDT. This conferenceRead More 10/03/2006
NEW YORK, Oct. 3 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), announced today that pursuant to iStar Financial's previously
announced exchange offer and consent solicitation for the exchange of iStar
Financial Inc. 5.95% Senior Notes due 2013 ("2013 notes") for its outstanding
iStar Financial Inc. 8.75% Notes due 2008 ("2008 notes"), iStar Financial
received the requisite consents to adopt the proposed amendments to the
indenture governing the 2008 Notes.
Adoption oRead More 10/02/2006
NEW YORK, Oct. 2 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), the leading publicly traded finance company focused on the
commercial real estate industry, announced today that its Board of Directors
has declared a regular quarterly cash dividend on its common stock of $0.77
per share for the quarter ended September 30, 2006. The $0.77 dividend is
payable on October 30, 2006 to holders of record on October 16, 2006.
iStar Financial Inc. is the leading publicly traded fRead More 10/02/2006
NEW YORK, Oct. 2 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI) today announced the pricing for its offer to exchange iStar 5.95%
Senior Notes due 2013 ("2013 notes") for up to $240 million principal amount
outstanding of iStar 8.75% Senior Notes due 2008 ("2008 notes").
The total exchange price for the 2008 notes is based on a fixed-spread
pricing formula. The total exchange price for each $1,000 principal amount of
2008 notes tendered and accepted, using an exchangeRead More 09/19/2006
NEW YORK, Sept. 19 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI) today announced an offer to exchange iStar 5.95% Senior Notes due
2013 ("2013 notes") for iStar 8.75% Senior Notes due 2008 ("2008 notes") and
consent solicitations for certain proposed amendments to the indenture
governing the 2008 notes. There are $240 million principal amount of 2008
notes outstanding. iStar recently priced, and expects to issue on September
22, 2006, $700 million principal amount of 2013 Read More 09/13/2006
NEW YORK, Sept. 13 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), the leading publicly traded finance company focused on the
commercial real estate industry, announced today that it has agreed to sell
$700 million of Fixed Rate Notes and $500 million of Floating Rate Notes. All
of the Notes are senior, unsecured debt securities of the Company.
The Company has agreed to sell $700 million of Fixed Rate 5.95% Senior
Notes due 2013. The Notes are being sold at 99.755% of tRead More 08/15/2006
NEW YORK, Aug. 15 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), the leading publicly traded finance company focused on the
commercial real estate industry, announced today that the Company's Board of
Directors has declared dividends on the Company's Series D, Series E, Series
F, Series G, and Series I Preferred Stock. For all five series of Preferred
Stock, dividends are payable on September 15, 2006 to holders of record on
September 1, 2006.
A dividend of $0.50 per Read More 07/27/2006
- Second quarter new financing commitments total $1.63 billion in 29
separate transactions.
- Adjusted earnings per diluted common share were $0.91 for the second
quarter 2006, up 9.6% year-over-year.
- Total revenues reach record $236.8 million for the second quarter 2006.
- Company increases full year 2006 adjusted earnings per diluted common
share guidance to $3.45 - $3.55.
NEW YORK, July 27 /PRNewswire-FirstCall/ -- iStar FinanciaRead More 07/06/2006
NEW YORK, July 6 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), the leading publicly traded finance company focused on the
commercial real estate industry, today announced that it will release its
financial results for the second fiscal quarter ended June 30, 2006 on
Thursday, July 27, 2006, prior to the opening of the market.
The company will host an earnings conference call reviewing these results
and its operations beginning at 10:00 a.m. EDT. This conference call wRead More 07/05/2006
NEW YORK, July 5 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), the leading publicly traded finance company focused on the
commercial real estate industry, announced today that its Board of Directors
has declared a regular quarterly cash dividend on its common stock of $0.77
per share for the quarter ended June 30, 2006. The $0.77 dividend is payable
on July 31, 2006 to holders of record on July 17, 2006.
iStar Financial is the leading publicly traded finance company fRead More 06/16/2006
NEW YORK, June 16 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), the leading publicly traded finance company focused on the
commercial real estate industry, will present at the 16th Annual Wachovia
Securities Nantucket Equity Conference on Wednesday, June 21, 2006 in
Nantucket, MA, at 9:30 a.m. EDT.
iStar Financial's presentation will be broadcast live over the Internet
and can be accessed through the Company's website, www.istarfinancial.com. To
listen to the presenRead More 05/31/2006
NEW YORK, May 31 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), the leading publicly traded finance company focused on the
commercial real estate industry, will present at the 2006 National Association
of Real Estate Investment Trusts Investor Forum on Thursday, June 8, 2006 in
New York, NY, at 8:45 a.m. EDT.
iStar Financial's presentation will be broadcast live over the Internet
and can be accessed through the Company's website,
http://www.istarfinancial.com. To listRead More 05/17/2006
NEW YORK, May 17 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), the leading publicly traded finance company focused on the
commercial real estate industry, announced today that the Company's Board of
Directors has declared dividends on the Company's Series D, Series E, Series
F, Series G, and Series I Preferred Stock. For all five series of Preferred
Stock, dividends are payable on June 15, 2006 to holders of record on June 1,
2006.
A dividend of $0.50 per share will Read More 05/11/2006
NEW YORK, May 11 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), the leading publicly traded finance company focused on the
commercial real estate industry, will present at the American Financial
Services Association 2006 Finance Industry Conference for Fixed Income
Investors on May 16, 2006 in Baltimore, MD, at 11:00 a.m. EDT. iStar
Financial's presentation will be broadcast live over the Internet and can be
accessed through the Company's website, http://www.istarfinancialRead More 04/25/2006
- First quarter new financing commitments total $663 million in 16
separate transactions.
- Adjusted earnings per diluted common share were $0.90 for the first
quarter 2006, up 22% year-over-year.
- Total revenues reach a record $224.6 million for the first quarter
2006.
- Company reaffirms full year 2006 adjusted earnings per diluted common
share guidance of $3.35 - $3.50.
NEW YORK, April 25 /PRNewswire-FirstCall/ -- iStar FiRead More 04/24/2006
NEW YORK, April 24 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), the leading publicly traded finance company focused on the
commercial real estate industry, will present at the American Financial
Services Association 6th Annual Conference for European Fixed Income Investors
on April 26, 2006 in Amsterdam, The Netherlands at 2:15 p.m. CEST (8:15 a.m.
EDT). iStar Financial's presentation will be broadcast live over the Internet
and can be accessed through the Company's websRead More 04/07/2006
NEW YORK, April 7 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), the leading publicly traded finance company focused on the
commercial real estate industry, today announced that it will release its
financial results for the first fiscal quarter ended March 31, 2006 on
Tuesday, April 25, 2006, prior to the opening of the market.
The company will host an earnings conference call reviewing these results
and its operations beginning at 10:00 a.m. EDT. This conference callRead More 04/03/2006
NEW YORK, April 3 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), the leading publicly traded finance company focused on the
commercial real estate industry, announced today that its Board of Directors
has declared a regular quarterly cash dividend on its common stock of $0.77
per share for the quarter ended March 31, 2006. The $0.77 dividend is payable
on April 28, 2006 to holders of record on April 14, 2006.
iStar Financial is the leading publicly traded finance compaRead More 03/03/2006
NEW YORK, March 3 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), the leading publicly traded finance company focused on the
commercial real estate industry, will present at the Fifth Annual JMP
Securities Research Conference on March 8, 2006 at 2:35 p.m. Eastern Standard
Time. iStar Financial's presentation will be broadcast live over the Internet
and can be accessed through the Company's website,
http://www.istarfinancial.com. To listen to the presentation, please go to tRead More 02/28/2006
Board of Directors Approves 5% Increase in Regular
Quarterly Cash Dividends on Common Stock
- Record fourth quarter new financing commitments total $1.7 billion in
33 separate transactions.
- Record 2005 origination volume increases to $4.9 billion in 95 total
financing commitments.
- Adjusted earnings per diluted common share were $0.81 and $3.36 for the
fourth quarter and fiscal year 2005, respectively.
Read More 02/21/2006
NEW YORK, Feb. 21 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), the leading publicly traded finance company focused on the
commercial real estate industry, announced today that the Company's Board of
Directors has declared dividends on the Company's Series D, Series E, Series
F, Series G, and Series I Preferred Stock. For all five series of Preferred
Stock, dividends are payable on March 15, 2006 to holders of record on March
1, 2006.
A dividend of $0.50 per share wRead More 02/15/2006
NEW YORK, Feb. 15 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), the leading publicly traded finance company focused on the
commercial real estate industry, announced today that it has agreed to sell
$1.0 billion of Fixed Rate Notes in an underwritten public offering. All of
the Notes are senior, unsecured debt securities of the Company.
The Company has agreed to sell $500 million of Fixed Rate 5.65% Senior
Notes due 2011. The Notes are being sold at 99.956% of their pRead More 02/09/2006
NEW YORK, Feb. 9 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), the leading publicly traded finance company focused on the
commercial real estate industry, announced today that Standard & Poor's has
upgraded iStar Financial's senior unsecured credit rating to BBB from BBB-. In
addition, Standard & Poor's raised the ratings on iStar Financial's Preferred
Stock to BB+ from BB.
Catherine D. Rice, iStar Financial's chief financial officer, stated, "We
welcome the news thaRead More 02/07/2006
NEW YORK, Feb. 7 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), the leading publicly traded finance company focused on the
commercial real estate industry, announced today that Moody's Investors
Service upgraded iStar Financial's senior unsecured credit rating to Baa2 from
Baa3. In addition, Moody's raised the ratings on iStar Financial's Preferred
Stock to Ba1 from Ba2.
Catherine D. Rice, iStar Financial's chief financial officer, stated, "We
are pleased with the posRead More 01/27/2006
NEW YORK, Jan. 27 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), the leading publicly traded finance company focused on the
commercial real estate industry, will present at the 2006 Citigroup Financial
Services Conference in New York City on February 1, 2006 at 2:45 p.m. Eastern
Standard Time. iStar Financial's presentation will be broadcast live over the
Internet and can be accessed through the Company's website,
http://www.istarfinancial.com. To listen to the presentatioRead More 01/19/2006
NEW YORK, Jan. 19 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI) the leading publicly traded finance company focused on the
commercial real estate industry, announced today the tax treatment of its 2005
common and preferred stock dividends.
Common Stock Dividends
During 2005, taxable dividends for iStar Financial's common stock were
$2.93000 per share. The Company's common stock is currently listed under the
CUSIP #45031U-101 and trades under the NYSE ticker symboRead More 01/11/2006
NEW YORK, Jan. 11 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), the leading publicly traded finance company focused on the
commercial real estate industry, today announced that it will release its
financial results for the fourth quarter and fiscal year 2005 prior to the
market opening on Tuesday, February 28, 2006.
The company will host an earnings conference call reviewing these results
and its operations beginning at 10:00 a.m. EST. This conference call will be
bRead More 12/07/2005
NEW YORK, Dec 07, 2005 /PRNewswire-FirstCall via COMTEX News Network/ -- iStar Financial Inc.
(NYSE: SFI), the leading publicly traded finance company focused on the
commercial real estate industry, announced today that it has agreed to sell
$250 million of fixed rate notes and $225 million of floating rate notes in an
underwritten public offering. All of the Notes are senior, unsecured debt
securities of the Company.
The Company has agreed to sell $250 million of fixed rate 5.80% SeniorRead More 12/01/2005
NEW YORK, Dec. 1 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), the leading publicly traded finance company focused on the
commercial real estate industry, announced today that its Board of Directors
has declared a regular quarterly cash dividend on its common stock of $0.7325
per share for the quarter ended December 31, 2005. The $0.7325 dividend is
payable on December 29, 2005 to holders of record on December 15, 2005.
iStar Financial is the leading publicly traded fRead More 11/30/2005
NEW YORK, Nov. 30 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), the leading publicly traded finance company focused on the
commercial real estate industry, will participate in a panel discussion at the
Bear Stearns 2nd Annual Real Estate: The Year Ahead Conference in New York
City on December 5, 2005 at 3:15 p.m. Eastern Standard Time. iStar Financial's
presentation will be broadcast live over the Internet and can be accessed
through the Company's website, www.istarfinancRead More 11/15/2005
NEW YORK, Nov. 15 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), the leading publicly traded finance company focused on the
commercial real estate industry, announced today that the Company's Board of
Directors has declared dividends on the Company's Series D, Series E, Series
F, Series G, and Series I Preferred Stock. For all five series of Preferred
Stock, dividends are payable on December 15, 2005 to holders of record on
December 1, 2005.
A dividend of $0.50 per shRead More 11/14/2005
NEW YORK, Nov. 14 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), the leading publicly traded finance company focused on the
commercial real estate industry, will present at the Merrill Lynch Banking &
Financial Services Investor Conference in New York City on November 16, 2005
at 3:40 p.m. Eastern Standard Time. iStar Financial's presentation will be
broadcast live over the Internet and can be accessed through the Company's
website, www.istarfinancial.com. To listen to theRead More 10/27/2005
Adjusted earnings per diluted common share reach $0.98 for the third
quarter 2005, up 18% from prior quarter.
New financing activity totals $819.1 million in 22 separate
transactions.
Total revenues reach $222.2 million, up nearly 12% quarter-over-
quarter.
Year-to-date originations exceed $3.0 billion, surpassing full-year
2004 volumes.
Company increases full year 2005 diluted AEPS guidance to $3.30 -
$3.40.
Read More 10/05/2005
NEW YORK, Oct. 5 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), the leading publicly traded finance company focused on the
commercial real estate industry, today announced that it will release its
financial results for the third fiscal quarter ended September 30, 2005 on
Thursday, October 27, 2005, prior to the opening of the market.
The company will host an earnings conference call reviewing these results
and its operations beginning at 10:00 a.m. ET. This conference Read More 10/03/2005
NEW YORK, Oct 03, 2005 /PRNewswire-FirstCall via COMTEX News Network/ -- iStar Financial Inc. (NYSE:
SFI), the leading publicly traded finance company focused on the commercial
real estate industry, announced today that its Board of Directors has declared
a regular quarterly cash dividend on its common stock of $0.7325 per share for
the quarter ended September 30, 2005. The $0.7325 dividend is payable on
October 31, 2005 to holders of record on October 17, 2005.
iStar Financial is the lRead More 09/21/2005
Repayment of Notes to Unencumber Approximately $1.3 Billion of Assets; Reduces Company's Secured Debt to 12.2% of Total DebtNEW YORK, Sept 21, 2005 /PRNewswire-FirstCall via COMTEX News Network/ -- iStar Financial Inc.
(NYSE: SFI), the leading publicly traded finance company focused on the
commercial real estate industry, today announced that it has given irrevocable
notice to the Indenture Trustee of its iStar Asset Receivables Series 2002-1
and 2003-1 Notes that it will fully repay all outRead More 09/08/2005
NEW YORK, Sept 08, 2005 /PRNewswire-FirstCall via COMTEX News Network/ -- iStar Financial Inc.
(NYSE: SFI), the leading publicly traded finance company focused on the
commercial real estate industry, will present at the Lehman Brothers 2005
Financial Services Conference in New York City on September 15, 2005 at 10:15
a.m. ET. iStar Financial's presentation will be broadcast live over the
Internet and can be accessed through the Company's website,
http://www.istarfinancial.com. To listen tRead More 08/26/2005
NEW YORK, Aug 26, 2005 /PRNewswire-FirstCall via COMTEX/ -- iStar Financial Inc.
(NYSE: SFI), the leading publicly traded finance company focused on the
commercial real estate industry, today announced that Jay Sugarman, chairman
and chief executive officer, has adopted a new stock trading plan to sell a
portion of his company stock over time as part of a strategy for asset
diversification and liquidity.
The trading plan was adopted in accordance with guidelines specified by
the SecurRead More 08/15/2005
NEW YORK, Aug 15, 2005 /PRNewswire-FirstCall via COMTEX/ -- iStar Financial Inc.
(NYSE: SFI), the leading publicly traded finance company focused on the
commercial real estate industry, announced today that the Company's Board of
Directors has declared dividends on the Company's Series D, Series E, Series
F, Series G, and Series I Preferred Stock. For all five series of Preferred
Stock, dividends are payable on September 15, 2005 to holders of record on
September 1, 2005.
A dividend oRead More 08/11/2005
NEW YORK, Aug. 11 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), the leading publicly traded finance company focused on the
commercial real estate industry, today announced that effective Monday, August
15, 2005, the Company will be classified in the "Finance, Non-Captive,
Diversified" category within the Lehman Brothers U.S. Credit Index.
Until the close of the market on Friday, August 12, the Company will
continue to be included in the "Finance, REITs" category within Read More 07/26/2005
Adjusted earnings per diluted common share were $0.83 for the second
quarter 2005, up 12% versus prior quarter.
New financing activity exceeded $1.0 billion for second straight
quarter in a record 23 separate transactions.
First half 2005 commitments hit record $2.4 billion, up 43%
year-over-year.
Total revenues reach record $198.7 million, up nearly 10%
quarter-over-quarter.
Total assets under management exceed $8.3 billRead More 07/05/2005
NEW YORK, July 5, 2005 /PRNewswire via COMTEX/ -- iStar Financial Inc. (NYSE: SFI), the
leading publicly traded finance company focused on the commercial real estate
industry, today announced that it will release its financial results for the
second fiscal quarter ended June 30, 2005 on Tuesday, July 26, 2005, prior to
the opening of the market.
The company will host an earnings conference call reviewing these results
and its operations beginning at 10:00 a.m. ET. This conference call Read More 07/01/2005
NEW YORK, July 1 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), the leading publicly traded finance company focused on the
commercial real estate industry, announced today that its Board of Directors
has declared a regular quarterly cash dividend on its common stock of $0.7325
per share for the quarter ending June 30, 2005. The $0.7325 dividend is
payable on July 29, 2005 to holders of record on July 15, 2005.
iStar Financial is the leading publicly traded finance companRead More 06/21/2005
NEW YORK, June 21, 2005 /PRNewswire-FirstCall via COMTEX/ -- iStar Financial Inc.
(NYSE: SFI), the leading publicly traded finance company focused on the
commercial real estate industry, will present at the 15th Annual Wachovia
Securities Nantucket Equity Conference in Nantucket, Massachusetts on Tuesday,
June 28, 2005 at 8:00 a.m. EDT.
iStar Financial's presentation will be broadcast live over the Internet
and can be accessed through the Company's website at
http://www.istarfinancialRead More 05/31/2005
NEW YORK, May 31, 2005 /PRNewswire-FirstCall via COMTEX/ -- iStar Financial Inc.
(NYSE: SFI), the leading publicly traded finance company focused on the
commercial real estate industry, will present at the National Association of
Real Estate Investment Trusts Institutional Investor Forum in New York City on
Wednesday, June 8, 2005 at 10:15 a.m. EDT.
iStar Financial's presentation will be broadcast live over the Internet
and can be accessed through the Company's website at www.istarfinaRead More 05/17/2005
NEW YORK, May 17 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), the leading publicly traded finance company focused on the
commercial real estate industry, announced today that the Company's Board of
Directors has declared dividends on the Company's Series D, Series E, Series
F, Series G, and Series I Preferred Stock. For all five series of Preferred
Stock, dividends are payable on June 15, 2005 to holders of record on June 1,
2005.
A dividend of $0.50 per share will beRead More 04/26/2005
- Adjusted earnings per diluted common share were $0.74 for the first quarter 2005. - First quarter new financing activity totals a record $1.2 billion in 16 separate transactions. - First mortgage, first mortgage participation and corporate tenant lease transactions comprise 76% of first quarter commitments. - Cumulative repeat customer volume reaches $7.8 billion. - Company closes its previously-announced acquisition of Falcon Financial and investment in Oak Hill Advisors. - Company reiteratesRead More 04/14/2005
NEW YORK, April 14 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), the leading publicly traded finance company focused on the
commercial real estate industry, announced today that it has agreed to sell
$500 million of senior unsecured notes in an underwritten public offering.
The Company said it will issue $250 million 5.375 % senior notes due 2010,
and $250 million of 6.05% senior notes due 2015. iStar Financial expects to
use the proceeds from the sale of the Notes to rRead More 04/04/2005
NEW YORK, April 4, 2005 /PRNewswire-FirstCall via COMTEX/ -- iStar Financial Inc.
(NYSE: SFI), the leading publicly traded finance company focused on the
commercial real estate industry, today announced that it will release its
financial results for the first fiscal quarter ended March 31, 2005 on
Tuesday, April 26, 2005, prior to the opening of the market.
The company will host an earnings conference call reviewing these results
and its operations beginning at 10:00 a.m. ET. This confRead More 03/28/2005
NEW YORK, March 28, 2005 /PRNewswire-FirstCall via COMTEX/ -- iStar Financial Inc. (NYSE:
SFI), the leading publicly traded finance company focused on the commercial
real estate industry, and its subsidiary TriNet Corporate Realty Trust, Inc.,
announced today the results of their consent solicitation to amend certain
covenants of the Indenture relating to TriNet Corporate Realty Trust Inc.
("TriNet") 7.95% Notes due 2006 (the "Notes") in order to facilitate a
consolidation of TriNet with iRead More 03/14/2005
NEW YORK, March 14, 2005 /PRNewswire-FirstCall via COMTEX/ -- iStar Financial Inc.
(NYSE: SFI), the leading publicly traded finance company focused on the
commercial real estate industry, announced today that it has commenced a
consent solicitation to amend certain covenants of the Indenture relating to
TriNet Corporate Realty Trust Inc. 7.95% Notes due 2006 (the "Notes),
scheduled to expire on March 28, 2005 (the "Consent Date").
The Company is seeking the consents in order to facilitRead More 03/03/2005
NEW YORK, March 3, 2005 /PRNewswire-FirstCall via COMTEX/ -- iStar Financial Inc.
(NYSE: SFI), the leading publicly traded finance company focused on the
commercial real estate industry, today announced the completion of its
acquisition of Falcon Financial Investment Trust ("Falcon"). Falcon became a
wholly-owned subsidiary of iStar Financial effective upon the filing of the
Articles of Merger with the State Department of Assessments and Taxation of
Maryland in accordance with Title 8 of tRead More 03/01/2005
NEW YORK, March 1 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), the leading publicly traded finance company focused on the
commercial real estate industry, announced today the successful completion of
its cash tender offer for all of the common shares of beneficial interest of
Falcon Financial Investment Trust (Nasdaq: FLCN) for $7.50 per share, without
interest (subject to applicable withholding taxes).
The offer expired, as scheduled, at 12:00 midnight, New York City Read More 02/25/2005
NEW YORK, Feb 25, 2005 /PRNewswire-FirstCall via COMTEX/ -- iStar Financial Inc.
(NYSE: SFI), the leading publicly traded finance company focused on the
commercial real estate industry, and its subsidiary TriNet Corporate Realty
Trust, Inc., announced today the final results of its offer to exchange iStar
Financial Inc. 5.70% Series B Senior Notes due 2014 for any and all of
TriNet's 7.70% Senior Notes due 2017. The exchange offer was launched on
January 25, 2005 and expired at 12:00 MidniRead More 02/23/2005
NEW YORK, Feb. 23 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), the leading publicly traded finance company focused on the
commercial real estate industry, announced today that it has agreed to sell
$1.1 billion of fixed and floating rate unsecured senior notes in an
underwritten public offering.
The company has agreed to sell $700 million of fixed rate 5.15% Senior
Notes due 2012. The Notes are being sold at 99.837% of their principal amount
to yield 5.178% per annumRead More 02/22/2005
NEW YORK, Feb 22, 2005 /PRNewswire-FirstCall via COMTEX/ -- iStar Financial Inc.
(NYSE: SFI), the leading publicly traded finance company focused on the
commercial real estate industry, and its subsidiary TriNet Corporate Realty
Trust, Inc., announced today that iStar has set the exchange ratio on its
offer to exchange iStar Financial Inc. 5.70% Series B Senior Notes due 2014
for any and all of TriNet's 7.70% Senior Notes due 2017. The exchange offer
is scheduled to expire at 12:00 MidnigRead More 02/16/2005
NEW YORK, Feb 16, 2005 /PRNewswire-FirstCall via COMTEX/ -- iStar Financial Inc.
(NYSE: SFI), the leading publicly traded finance company focused on the
commercial real estate industry, announced today that the Company's Board of
Directors has declared dividends on the Company's Series D, Series E, Series
F, Series G, and Series I Preferred Stock. For all five series of Preferred
Stock, dividends are payable on March 15, 2005 to holders of record on March
1, 2005.
A dividend of $0.50 Read More 02/15/2005
Board of Directors Approves 5% Increase in Regular Quarterly Cash Dividend on
Common Stock
Company Discusses New Customer and Business Initiatives as Part of 5-Year
Strategic Plan
* Adjusted earnings per diluted common share reach a record $0.87 for the
fourth quarter 2004. Adjusted earnings for the fiscal year 2004,
excluding first quarter compensation and securities redemption charges,
weRead More 02/14/2005
NEW YORK, Feb 14, 2005 /PRNewswire-FirstCall via COMTEX/ -- iStar Financial Inc.
(NYSE: SFI), the leading publicly traded finance company focused on the
commercial real estate industry, and its subsidiary TriNet Corporate Realty
Trust, Inc., announced today, pursuant to their previously announced exchange
offer and consent solicitation for the exchange of iStar Financial Inc. 5.70%
Series B Senior Notes due 2014 for any and all of its outstanding TriNet 7.70%
Notes due 2017, that they receRead More 02/10/2005
7.70% Senior Notes due 2017
NEW YORK, Feb. 10 /PRNewswire-FirstCall/ -- iStar Financial Inc. (NYSE:
SFI), the leading publicly traded finance company focused on the commercial
real estate industry, and its subsidiary TriNet Corporate Realty Trust, Inc.,
announced today that iStar has amended its offer to exchange iStar Financial
Inc. 5.70% Series B Senior Notes due 2014 for any and all of TriNet's 7.70%
Senior Notes due 2017 by modifying the fixed spread related to the exchange
pricRead More 01/31/2005
NEW YORK, Jan 31, 2005 /PRNewswire-FirstCall via COMTEX/ -- iStar Financial Inc.
(NYSE: SFI), the leading publicly traded finance company focused on the
commercial real estate industry, announced today that it has commenced a
previously announced tender offer for all of the outstanding common shares of
beneficial interest of Falcon Financial Investment Trust (Nasdaq: FLCN), for
$7.50 per share, net to the seller in cash, for an aggregate equity purchase
price of approximately $120 million.Read More 01/25/2005
NEW YORK, Jan. 25 /PRNewswire-FirstCall/ -- iStar Financial Inc. (NYSE:
SFI), the leading publicly traded finance company focused on the commercial
real estate industry, announced today that it has commenced a consent
solicitation and offer to exchange iStar Financial Inc. 5.70% Series B Senior
Notes due 2014 for any and all outstanding TriNet Corporate Realty Trust 7.70%
Senior Notes due 2017, based upon an exchange ratio calculation described
below. A holder's tender of TriNet Notes wiRead More 01/24/2005
NEW YORK, Jan 24, 2005 /PRNewswire-FirstCall via COMTEX/ -- iStar Financial Inc. (NYSE:
SFI) the leading publicly traded finance company focused on the commercial
real estate industry, announced today the tax treatment of its 2004 common and
preferred stock dividends.
Common Stock Dividends
During 2004, taxable dividends for iStar Financial's common stock were
$2.79 per share. The Company's common stock is currently listed under the
CUSIP #45031U-101 and trades under the NYSE ticker Read More 01/20/2005
NEW YORK, Jan 20, 2005 /PRNewswire-FirstCall via COMTEX/ -- iStar Financial Inc. (NYSE:
SFI), the leading publicly traded finance company focused on the commercial
real estate industry, announced today that it has signed a definitive
agreement to acquire Falcon Financial Investment Trust (Nasdaq: FLCN), an
independent finance company dedicated to providing long-term capital to
automotive dealers throughout the United States.
Under the terms of the agreement, iStar Financial will commenRead More 01/11/2005
NEW YORK, Jan 11, 2005 /PRNewswire-FirstCall via COMTEX/ -- iStar Financial Inc.
(NYSE: SFI), the leading publicly traded finance company focused on the
commercial real estate industry, today announced that it will release its
financial results for the fourth quarter and fiscal year 2004 prior to the
market opening on Tuesday, February 15, 2005.
The company will host an earnings conference call reviewing these results
and its operations beginning at 10:00 a.m. ET. This conference call Read More 01/11/2005
NEW YORK, Jan 11, 2005 /PRNewswire-FirstCall via COMTEX/ -- iStar Financial Inc.
(NYSE: SFI), the leading publicly traded finance company focused on the
commercial real estate industry, will participate in a panel discussion at the
Deutsche Bank 2005 Real Estate Outlook Conference in New York City on January
13, 2005 at 9:00 a.m. ET. iStar Financial's presentation will be broadcast
live over the Internet and can be accessed through the Company's website,
http://www.istarfinancial.com. To lRead More 12/15/2004
NEW YORK, Dec. 15 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), the leading publicly traded finance company focused on the
commercial real estate industry, today announced the appointment of Andrew G.
Backman as the company's vice president of investor relations and marketing.
Mr. Backman comes to iStar Financial from Broadwing Corporation where he
served as the company's vice president of investor relations and public
relations. At Broadwing, Mr. Backman directed all Read More 12/06/2004
NEW YORK, Dec. 6 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI) will present at the Eighth Annual Wachovia Real Estate Securities
Conference in New York City, December 9, 2004 at 1:55 p.m. ET. iStar
Financial's presentation will be broadcast live over the Internet and can be
accessed through the Company's website, www.istarfinancial.com. To listen to
the presentation, please go to the website's "investor relations" section at
least 15 minutes prior to the start of the broadcastRead More 12/01/2004
NEW YORK, Dec. 1 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI) announced today that its Board of Directors has declared a regular
quarterly cash dividend on its common stock of $0.6975 per share for the
quarter ending December 31, 2004. The $0.6975 dividend is payable on December
29, 2004 to holders of record on December 15, 2004.
iStar Financial is the leading publicly traded finance company focused on
the commercial real estate industry. The Company provides custom-taiRead More 11/17/2004
NEW YORK, Nov. 17 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI) announced today that the Company's Board of Directors has declared
dividends on the Company's Series D, Series E, Series F, Series G, and Series
I Preferred Stock. For all five series of Preferred Stock, dividends are
payable on December 15, 2004 to holders of record on December 1, 2004.
A dividend of $0.50 per share will be paid on the 8.00% Series D
Preferred Stock; a dividend of $0.492188 per share will Read More 11/10/2004
NEW YORK, Nov. 10 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI) will present at the Merrill Lynch Banking & Financial Services
Investor Conference in New York City, November 16, 2004 at 10:30 a.m. ET.
iStar Financial's presentation will be broadcast live over the Internet and
can be accessed through the Company's website, http://www.istarfinancial.com.
To listen to the presentation, please go to the website's "investor relations"
section at least 15 minutes prior to the start Read More 11/09/2004
NEW YORK, Nov. 9 /PRNewswire-FirstCall/ -- iStar Financial Inc. (NYSE:
SFI) - iStar Financial Inc. today announced the appointment of Jay S. Nydick
as President of the Company. In his capacity as President, Mr. Nydick will
have primary responsibility for identifying, evaluating and executing
strategic expansion opportunities.
Mr. Nydick comes to iStar Financial after spending the last 14 years at
Goldman, Sachs & Co. He most recently served as a Managing Director based in
Hong KonRead More 10/21/2004
- Adjusted earnings per diluted common share reach a record $0.87 for
third quarter 2004, up 5% from third quarter 2003.
- Net investment income increases 17% to $101.9 million for third quarter
2004, compared to $87.0 million for third quarter 2003.
- New financing activity during third quarter totals $480.9 million in 12
separate transactions.
- iStar Financial's senior unsecured credit rating is upgraded to
investment grade by botRead More 10/14/2004
NEW YORK, Oct. 14 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI) will host a conference call to discuss third quarter earnings at
10:00 a.m. ET on Thursday, October 21, 2004. This conference call will be
broadcast live over the Internet and can be accessed by all interested parties
through iStar Financial's website, http://www.istarfinancial.com, in the
"investor relations" section. To listen to the live call, please go to the
website's "investor relations" section at least 15Read More 10/06/2004
NEW YORK, Oct. 6 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI) announced that Moody's Investors Service today upgraded iStar
Financial's senior unsecured credit rating to Baa3 from Ba1. In addition,
Moody's raised the ratings on iStar Financial's Series D, E, F, G, and I
Preferred Stock to Ba2 from Ba3. Catherine D. Rice, iStar Financial's chief
financial officer, stated, "Achieving investment grade ratings from all three
rating agencies has been a high priority for the CompaRead More 10/05/2004
NEW YORK, Oct. 5 /PRNewswire-FirstCall/ -- iStar Financial Inc. (NYSE:
SFI) announced that Standard & Poor's today upgraded iStar Financial's senior
unsecured credit rating to BBB- from BB+. In addition, Standard & Poor's
raised the ratings on iStar Financial's Series D, E, F, G and I Preferred
Stock to BB from B+. Catherine D. Rice, iStar Financial's chief financial
officer, stated, "We are very pleased that Standard & Poor's has recognized
the combined strength of iStar Financial's busiRead More 10/01/2004
NEW YORK, Oct. 1 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI) announced today that its Board of Directors has declared a regular
quarterly cash dividend on its common stock of $0.6975 per share for the
quarter ending September 30, 2004. The $0.6975 dividend is payable on
October 29, 2004 to holders of record on October 15, 2004.
iStar Financial is the leading publicly traded finance company focused on
the commercial real estate industry. The Company provides custom-tailRead More 09/08/2004
NEW YORK, Sept. 8 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI) will present at the Lehman Brothers 2004 Financial Services
Conference in New York City, September 14, 2004 at 11:00 a.m. ET. iStar
Financial's presentation will be broadcast live over the Internet and can be
accessed through the Company's website, http://www.istarfinancial.com. To
listen to the presentation, please go to the website's "investor relations"
section at least 15 minutes prior to the start of the broaRead More 08/18/2004
NEW YORK, Aug 18, 2004 /PRNewswire-FirstCall via COMTEX/ -- iStar Financial Inc.
(NYSE: SFI) announced today that the Company's Board of Directors has declared
dividends on the Company's Series D, Series E, Series F, Series G, and Series
I Preferred Stock. For all five series of Preferred Stock, dividends are
payable on September 15, 2004 to holders of record on September 1, 2004.
A dividend of $0.50 per share will be paid on the 8.00% Series D Preferred
Stock; a dividend of $0.492188 Read More 07/22/2004
- Adjusted earnings per diluted common share increases to $0.87 for
second quarter 2004.
- New financing activity during second quarter totals $742.0 million in
17 separate transactions.
- First mortgage and first mortgage participation transactions comprise
74.8% of second quarter financing commitments.
- Cumulative repeat customer volume now exceeds $6 billion.
NEW YORK, July 22 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSRead More 07/15/2004
NEW YORK, July 15 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI) will host a conference call to discuss second quarter earnings at
10:00 a.m. ET on Thursday, July 22, 2004. This conference call will be
broadcast live over the Internet and can be accessed by all interested parties
through iStar Financial's website, http://www.istarfinancial.com, in the
"investor relations" section. To listen to the live call, please go to the
website's "investor relations" section at least 15 mRead More 07/01/2004
NEW YORK, July 1 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI) announced today that its Board of Directors has declared a regular
quarterly cash dividend on its common stock of $0.6975 per share for the
quarter ending June 30, 2004. The $0.6975 dividend is payable on July 29, 2004
to holders of record on July 15, 2004.
iStar Financial is the leading publicly traded finance company focused on
the commercial real estate industry. The Company provides custom-tailored
finanRead More 06/01/2004
NEW YORK, June 1 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI) will present at the 2004 NAREIT Institutional Investor Forum in
New York City on June 8, 2004 at 11:05 a.m. ET. iStar Financial's presentation
will be broadcast live over the Internet and can be accessed through the
Company's website, http://www.istarfinancial.com. To listen to the
presentation, please go to the website's "investor relations" section at least
15 minutes prior to the start of the broadcast to registRead More 05/18/2004
NEW YORK, May 18 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI) announced today that the Company's Board of Directors has declared
dividends on the Company's Series D, Series E, Series F, Series G, and Series
I Preferred Stock. For all five series of Preferred Stock, dividends are
payable on June 15, 2004 to holders of record on June 1, 2004.
A dividend of $0.50 per share will be paid on the 8.00% Series D Preferred
Stock; a dividend of $0.492188 per share will be paid onRead More 04/22/2004
- New financing activity totals a record $948.8 million. - iStar Financial completes new $850 million unsecured revolving credit facility. - iStar Financial issues $1.025 billion of senior unsecured notes. - iStar Financial issues $1.025 billion of senior unsecured notes. - Including $127.4 million of previously-announced stock-based compensation, senior notes and preferred stock redemption charges, adjusted earnings per diluted share were ($0.25); net income (loss) per diluted share was ($0.50)Read More 04/15/2004
NEW YORK, April 15 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI) will host a conference call to discuss first quarter 2004 earnings
at 10:00 a.m. ET on Thursday, April 22, 2004. This conference call will be
broadcast live over the Internet and can be accessed by all interested parties
through iStar Financial's website, www.istarfinancial.com, in the "investor
relations" section. To listen to the live call, please go to the website's
"investor relations" section at least 15 minRead More 03/25/2004
NEW YORK, Mar 25, 2004 /PRNewswire-FirstCall via COMTEX/ -- iStar Financial Inc.
(NYSE: SFI) today announced that it has agreed to sell $250 million of
5.125% Senior Notes due 2011 to qualified institutional investors in a
transaction complying with Securities and Exchange Commission Rule 144A and to
non-US persons under SEC Regulation S. The Notes are being sold at 99.825% of
their principal amount to yield 5.155% per annum. The transaction is expected
to close on March 30, 2004.
iRead More 03/24/2004
NEW YORK, March 24 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI) announced that its Chief Executive Officer, Jay Sugarman, has
established a trading plan under Securities and Exchange Commission Rule
10b5-1. The plan will permit Mr. Sugarman to sell 250,000 shares to be issued
to him upon the exercise of employee stock options. Mr. Sugarman intends to
use the proceeds of sales under the plan to pay the exercise price of the
stock options and to repay indebtedness incurred byRead More 03/05/2004
NEW YORK, March 5 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI) today announced that it has agreed to sell $150 million of Senior
Floating Rate Notes due 2007 to qualified institutional investors in a
transaction complying with Securities and Exchange Commission Rule 144A and
Regulation S. The Notes will bear interest at a rate per annum equal to
three-month LIBOR plus 1.25%. The transaction is expected to close on March
12, 2004.
iStar Financial expects to use the netRead More 03/03/2004
NEW YORK, Mar 3, 2004 /PRNewswire-FirstCall via COMTEX/ -- iStar Financial Inc.
(NYSE: SFI) will present at the Third Annual JMP Securities Research
Conference in San Francisco, March 10, 2004 at 12:30 p.m. ET. iStar
Financial's presentation will be broadcast live over the Internet and can be
accessed through the Company's website, www.istarfinancial.com. To listen to
the presentation, please go to the website's "investor relations" section at
least 15 minutes prior to the start of the broRead More 03/02/2004
NEW YORK, March 2 /PRNewswire-FirstCall/ - iStar Financial Inc.
(NYSE: SFI) today announced that it has agreed to sell $250 million of 5.70%
Senior Notes due 2014 to qualified institutional investors in a transaction
complying with Securities and Exchange Commission Rule 144A. The Notes are
being sold at 99.656% of their principal amount to yield 5.746% per annum. The
transaction is expected to close on March 9, 2004.
iStar Financial expects to use the proceeds from the sale of the NRead More 02/27/2004
NEW YORK, Feb. 27 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI) announced today that it will redeem $110.0 million aggregate
principal amount of its outstanding 8.75% Senior Notes due 2008. iStar
Financial will redeem the Senior Notes on March 29, 2004. The redemption
price will be 108.75% of the principal amount together with interest accrued
to the redemption date. The Senior Notes will be redeemed from holders on a
pro rata basis. Upon completion of the redemption, $240Read More 02/25/2004
Intends to Use Proceeds to Redeem 8.75% Senior Notes NEW YORK, Feb 25, 2004 /PRNewswire-FirstCall via COMTEX/ -- iStar Financial Inc.
(NYSE: SFI) today announced that it has priced an underwritten public offering
of 5,000,000 shares of its 7.50% Series I Cumulative Redeemable Preferred
Stock. Each share of the new Series I Preferred Stock will have a liquidation
preference of $25.00 per share. Bear, Stearns & Co. Inc. is acting as the
sole-book running manager of the offering and McDonRead More 02/24/2004
Intends to Use Proceeds to Redeem 8.75% Senior Notes NEW YORK, Feb 24, 2004 /PRNewswire-FirstCall via COMTEX/ -- iStar Financial Inc.
(NYSE: SFI) today announced that it has commenced an underwritten public
offering of 4,000,000 shares of a new series of cumulative redeemable
preferred stock. Each share of the new Series I Preferred Stock will have a
liquidation preference of $25.00 per share. Bear, Stearns & Co. Inc. will act
as the sole book-running manager of the offering and McDonRead More 02/17/2004
NEW YORK, Feb. 17 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI) announced today that the Company's Board of Directors has declared
dividends on the Company's Series D, Series E, Series F, and Series G
Preferred Stock. For all four series of Preferred Stock, dividends are payable
on March 15, 2004 to holders of record on March 1, 2004.
A dividend of $0.50 per share will be paid on the 8.00% Series D
Preferred Stock; a dividend of $0.492188 per share will be paid on the 7Read More 02/12/2004
Fourth Quarter 2003 Summary - Adjusted earnings per diluted share increases to record $0.85; net income per diluted share increases to $0.64. - Net investment income increases to record level. - Net investment income increases to record level. - Return on average book equity reaches 19.5%. - New financing activity totals $456.0 million. - iStar Financial issues $500.0 million of unsecured Senior Notes due 2010 and 2013. - iStar Financial issues 7.65% Cumulative Redeemable Series G Preferred StocRead More 02/11/2004
NEW YORK, Feb. 11 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI) announced today that, effective April 1, 2004, its Board of
Directors has approved an increase in the regular quarterly cash dividend
on its common stock for 2004 to $0.6975 per share, representing $2.79 per
share on an annualized basis. The $0.6975 per share quarterly dividend
represents a 5.3% increase over iStar Financial's 2003 quarterly common stock
dividend of $0.6625 per share. The cash dividend of $0.6975 Read More 01/28/2004
NEW YORK, Jan 28, 2004 /PRNewswire-FirstCall via COMTEX/ -- iStar Financial Inc.
(NYSE: SFI) announced today the tax treatment of its 2003 dividends.
Common Stock Dividends
During 2003, taxable dividends for iStar Financial's common stock were
$2.65 per share. The Company's common stock is currently listed under the
CUSIP #45031U-101 and trades under the NYSE ticker symbol SFI. For tax
reporting purposes, the 2003 taxable dividend will be classified as follows:
$1.8258 as ordinary inRead More 01/28/2004
NEW YORK, Jan. 28 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI) will host a conference call to discuss fourth quarter and fiscal
year 2003 earnings at 10:00 a.m. ET on Thursday, February 12, 2004. This
conference call will be broadcast live over the Internet and can be accessed
by all interested parties through iStar Financial's website,
www.istarfinancial.com, in the "investor relations" section. To listen to the
live call, please go to the website's "investor relations" seRead More 01/23/2004
NEW YORK, Jan. 23 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI) announced today that it will redeem all 2,000,000 outstanding
shares of its 9.375% Series B Cumulative Redeemable Preferred Stock and all
1,300,000 outstanding shares of its 9.20% Series C Cumulative Redeemable
Preferred Stock. iStar Financial will redeem both the Series B Preferred
Stock and the Series C Preferred Stock on February 23, 2004. The redemption
price for the Series B Preferred Stock will be $25.00 pRead More 01/21/2004
NEW YORK, Jan. 21 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI) will present at the Credit Suisse First Boston 2004 REIT
Conference in New York, January 28, 2004 at 9:30 a.m. ET. iStar Financial's
presentation will be broadcast live over the Internet and can be accessed
through the Company's website, www.istarfinancial.com. To listen to the
presentation, please go to the website's "investor relations" section at least
15 minutes prior to the start of the broadcast to register Read More 01/15/2004
NEW YORK, Jan. 15 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI) today announced that it has agreed to sell $350 million of 4.875%
Senior Notes due 2009 to qualified institutional investors in a transaction
complying with Securities and Exchange Commission Rule 144A. The Notes are
being sold at 99.892% of their principal amount to yield 4.90% per annum. The
transaction is expected to close on January 23, 2004.
iStar Financial expects to use the proceeds from the sale ofRead More 12/17/2003
NEW YORK, Dec 17, 2003 /PRNewswire-FirstCall via COMTEX/ -- iStar Financial Inc.
(NYSE: SFI) today announced that it has agreed to sell 5.0 million shares of
its common stock in an underwritten public offering. Lehman Brothers Inc. is
the sole underwriter of the offering.
iStar Financial intends to use the net offering proceeds of approximately
$191.1 million to repay secured indebtedness.
This press release does not constitute an offer of the securities
described herein. A regiRead More 12/09/2003
NEW YORK, Dec. 9 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI) announced today that it has priced an underwritten public offering
of 3,200,000 shares of its 7.65% Series G Cumulative Redeemable Preferred
Stock. Each share of Series G Preferred Stock will have a liquidation
preference of $25.00 per share. The offering is being managed by Bear, Stearns
& Co. Inc.
The Series G Preferred Stock is being sold in exchange for 1,600,000
shares of iStar Financial's Series A Read More 12/05/2003
NEW YORK, Dec. 5 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI) announced today that it has increased the size of its previously-
announced offering of Senior Notes from $250 million to $500 million and it
has agreed to pricing terms for the offering. iStar has agreed to issue $350
million of 6.0% Senior Notes due 2010 and $150 million of 6.5% Senior Notes
due 2013. The Notes due 2010 were sold at 99.436% of their principal amount
and the Notes due 2013 were sold at 99.275% oRead More 12/03/2003
NEW YORK, Dec. 3 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI) has commenced an offering of $250 million of Senior Notes due
December 2010. The offering is being managed by Deutsche Bank Securities, as
the sole book-running lead manager, Banc of America Securities LLC as a
co-lead manager, and Bear, Stearns & Co. Inc., Fleet Securities, Inc.,
Goldman, Sachs & Co., and Lehman Brothers as co-managers.
The Notes will be unsecured senior obligations of iStar FinanciRead More 12/01/2003
NEW YORK, Dec. 1 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI) announced today that its Board of Directors has declared a regular
quarterly cash dividend on its common stock of $0.6625 per share for the
quarter ending December 31, 2003. The $0.6625 dividend is payable on December
29, 2003 to holders of record on December 15, 2003.
iStar Financial is the leading publicly traded finance company focused on
the commercial real estate industry. The Company provides custom-taiRead More 11/17/2003
NEW YORK, Nov. 17 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI) reported today that the Company's Board of Directors has declared
dividends on the Company's Series B, Series C, Series D, Series E and Series F
preferred stock. For all four series of preferred stock, dividends are payable
on December 15, 2003 to holders of record on December 1, 2003.
A dividend of $0.585938 per share will be paid on the 9.375% Series B
preferred stock, a dividend of $0.575 per share will bRead More 10/23/2003
- Adjusted earnings per diluted common share increases to a record
$0.83 for third quarter 2003.
- New financing activity during third quarter totals a record
$847.8 million in 15 separate transactions.
- First mortgage, first mortgage participation transactions and
investment grade corporate tenant leases comprise 68% of third quarter
financing commitments.
- iStar Financial issues 7.80% Cumulative Redeemable Series F Preferred
StockRead More 10/16/2003
NEW YORK, Oct 16, 2003 /PRNewswire-FirstCall via COMTEX/ -- iStar Financial Inc.
(NYSE: SFI) will host a conference call to discuss third quarter 2003 earnings
at 10:00 a.m. ET on Thursday, October 23, 2003. This conference call will be
broadcast live over the Internet and can be accessed by all interested parties
through iStar Financial's website, www.istarfinancial.com, under the "investor
relations" section. To listen to the live call, please go to the website's
"investor relations" secRead More 10/09/2003
NEW YORK, Oct. 9 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI) announced today that its has filed a Form S-3 shelf registration
statement with the Securities and Exchange Commission. Once declared
effective, the shelf registration would allow iStar Financial to issue various
types of securities, including common stock, preferred stock, debt securities,
depository shares, warrants and any combination thereof, from time to time, up
to an aggregate of $1.0 billion. Such issuancRead More 10/01/2003
NEW YORK, Oct 1, 2003 /PRNewswire-FirstCall via COMTEX/ -- iStar Financial Inc.
(NYSE: SFI) announced today that its Board of Directors has declared a regular
quarterly cash dividend on its common stock of $0.6625 per share for the
quarter ended September 30, 2003. The $0.6625 dividend is payable on October
29, 2003 to holders of record on October 15, 2003.
iStar Financial is the leading publicly traded finance company focused on
the commercial real estate industry. The Company provideRead More 09/24/2003
NEW YORK, Sept. 24 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI) announced today that it has priced an underwritten public offering
of 4,000,000 shares of its 7.80% Series F Cumulative Redeemable Preferred
Stock. Each share of Series F Preferred Stock will have a liquidation
preference of $25.00 per share. Merrill Lynch & Co. is acting as the sole-book
running manager of the offering and Lehman Brothers is a co-lead manager.
iStar Financial intends to use the approxiRead More 09/17/2003
NEW YORK, Sept. 17 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI) will present at the Wall Street Analyst Forum in New York today,
September 17, 2003 at 2:40 p.m. ET. iStar Financial's presentation will be
broadcast live over the Internet and can be accessed through the Company's
website, www.istarfinancial.com. To listen to the presentation, please go to
the website's "investor relations" section at least 15 minutes prior to the
start of the call to register and download any nRead More 08/18/2003
NEW YORK, Aug. 18 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI) reported today that the Company's Board of Directors has declared
dividends on the Company's Series B, Series C, Series D and Series E preferred
stock. For all four series of preferred stock, dividends are payable on
September 15, 2003 to holders of record on September 1, 2003.
A dividend of $0.585938 per share will be paid on the 9.375% Series B
preferred stock, a dividend of $0.575 per share will be paid oRead More 07/28/2003
Click here for a PDF version of this Earnings Release
NEW YORK, July 28 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), announced that Standard & Poor's has upgraded iStar Asset
Services' commercial primary servicer rating to "strong," its highest level.
iStar Asset Services Inc., a subsidiary of iStar Financial Inc., provides
asset management and loan servicing for the structured finance portfolio of
iStar Financial and other third party institutional lenders. Timothy Read More 07/24/2003
Click here for a PDF version of this Earnings Release
* Adjusted earnings per diluted common share increases to a record $0.80 for second quarter 2003. * New financing activity totals $486.9 million in 13 separate transactions. * Cumulative repeat customer transactions increase to a record high. * First mortgage and first mortgage participation transactions comprise 86% of second quarter financing commitments. * iStar Financial completes another highly successful offering under its proprieRead More 07/17/2003
NEW YORK, Jul 17, 2003 /PRNewswire-FirstCall via COMTEX/ -- iStar Financial Inc.
(NYSE: SFI) will host a conference call to discuss second quarter 2003
earnings at 10:00 a.m. ET on Thursday, July 24, 2003. This conference call
will be broadcast live over the Internet and can be accessed by all interested
parties through iStar Financial's website, www.istarfinancial.com, under the
"investor relations" section. To listen to the live call, please go to the
website's "investor relations" secRead More 07/15/2003
NEW YORK, July 15 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI) announced today that it is reiterating the Company's
previously-announced second quarter 2003 adjusted earnings and GAAP earnings
guidance of $0.79-$0.80 and $0.57-$0.59 per diluted common share,
respectively. Please see our April 24, 2003 press release for a reconciliation
of our adjusted earnings guidance to our GAAP earnings guidance.
iStar Financial is the leading publicly traded finance company focused Read More 07/08/2003
NEW YORK, July 8 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI) announced today that it has commenced an underwritten public
offering of 5,600,000 shares of its 7 7/8% Series E Cumulative Redeemable
Preferred Stock. Each share of Series E Preferred Stock will have a
liquidation preference of $25.00 per share. The offering is being managed by
Bear, Stearns & Co. Inc.
The Series E Preferred Stock is being sold in exchange for 2,800,000
shares of iStar Financial's 9.5% SeRead More 07/01/2003
NEW YORK, Jul 1, 2003 /PRNewswire-FirstCall via COMTEX/ -- iStar Financial Inc.
(NYSE: SFI) announced today that its Board of Directors has declared a regular
quarterly cash dividend on its common stock of $0.6625 per share for the
quarter ended June 30, 2003. The $0.6625 dividend is payable on July 29, 2003
to holders of record on July 15, 2003.
iStar Financial is the leading publicly traded finance company focused on
the commercial real estate industry. The Company provides custom-taRead More 06/02/2003
NEW YORK, June 2 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI) will present at the NAREIT Institutional Investor Forum in New
York City on June 5, 2003 at 11:15 a.m. ET. iStar Financial's presentation
will be broadcast live over the Internet and can be accessed by all interested
parties through the Company's website, www.istarfinancial.com. To listen to
the presentation, please go to the website's "investor relations" section at
least 15 minutes prior to the start of the calRead More 06/02/2003
NEW YORK, June 2 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI) will present at the JMP Securities Research Conference in San
Francisco on June 5, 2003 at 9:55 a.m. PT. iStar Financial's presentation will
be broadcast live over the Internet and can be accessed by all interested
parties through the Company's website, www.istarfinancial.com. To listen to
the presentation, please go to the website's "investor relations" section at
least 15 minutes prior to the start of the call toRead More 05/20/2003
NEW YORK, May 20 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI) reported today that the Company's Board of Directors has declared
dividends on the Company's Series B, Series C and Series D preferred stock.
For all three series of preferred stock, dividends are payable on June 17,
2003 to holders of record on June 3, 2003.
A dividend of $0.585938 per share will be paid on the 9.375% Series B
preferred stock; a dividend of $0.575 per share will be paid on the 9.20%
Series Read More 05/14/2003
NEW YORK, May 14, 2003 /PRNewswire-FirstCall via COMTEX/ -- iStar Financial Inc.
(NYSE: SFI) presented at the Goldman Sachs Financial Services Conference in
New York City on May 13, 2003. The Company was one of 16 leading financial
services firms to present at the conference. iStar Financial's presentation
has been archived and is available on its website, www.istarfinancial.com,
under the "investor relations" section.
iStar Financial is the leading publicly traded finance company foRead More 05/13/2003
NEW YORK, May 13, 2003 /PRNewswire-FirstCall via COMTEX/ -- iStar Financial Inc.
(NYSE: SFI) announced today that SOFI-IV SMT Holdings, a private investment
fund and iStar Financial's largest shareholder, distributed approximately
15.9 million of the approximately 20.1 million iStar Financial common shares
held by SOFI-IV to the limited and general partners of the fund. Some of the
partners then elected to sell 6.9 million of the shares distributed to them in
an underwritten public offeriRead More 05/09/2003
NEW YORK, May 9, 2003 /PRNewswire-FirstCall via COMTEX/ -- iStar Financial Inc. (NYSE: SFI)
will present at the Goldman Sachs Financial Services Conference in New York
City on May 13, 2003 at 3:00 p.m. ET. iStar Financial's presentation will be
broadcast live over the Internet and can be accessed by all interested parties
through the Company's website, www.istarfinancial.com. To listen to the
presentation, please go to the website's "investor relations" section at least
15 minutes prior Read More 05/08/2003
NEW YORK, May 8 /PRNewswire-FirstCall/ -- iStar Financial Inc. (NYSE: SFI)
today announced that it has priced a private offering of asset-backed bonds
under the Company's proprietary match funding program, iStar Asset Receivables
("STARs"). The STARs Series 2003-1 offered bonds consist of 11 classes of
investment-grade securities, and the Company expects to receive approximately
$646 million of gross proceeds from the offering. The STARs Series 2003-1
bonds create match funded term finanRead More 04/24/2003
- Adjusted earnings per diluted common share increases to a record $0.78 for first quarter 2003 from $0.73 for first quarter 2002.
- Quarterly dividend increases 5.2% to $0.6625 per share.
- New financing activity totals $383 million.
- Number of transactions completed during the quarter reaches new record.
- First mortgages and investment grade corporate tenant lease transactions comprise 72% of first quarter financing commitments.
- iStar Financial issues $150 million of unsecurRead More 04/17/2003
NEW YORK, April 17 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI) will host a conference call to discuss first quarter 2003 earnings
at 11:00 a.m. ET on Thursday, April 24, 2003. This conference call will be
broadcast live over the Internet and can be accessed by all interested parties
through iStar Financial's website, www.istarfinancial.com, under the "investor
relations" section. To listen to the live call, please go to the website's
"investor relations" section at least 1Read More 04/08/2003
NEW YORK, April 8 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI) today announced that it has priced an offering for an additional
$35 million of its Senior Notes. The issuance is an add-on to the
$150 million of 7.00% Senior Notes due 2008 that were issued in March of 2003,
bringing the aggregate principal amount of the Senior Notes to $185 million.
The add-on Notes have identical terms to the Senior Notes issued in March,
although they will be issued at 102.75% of their princRead More 04/01/2003
NEW YORK, Apr 1, 2003 /PRNewswire-FirstCall via COMTEX/ -- ?-- iStar Financial Inc.
(NYSE: SFI) announced today that its Board of Directors has declared a regular
quarterly cash dividend on its common stock of $0.6625 per share for the
quarter ended March 31, 2003. The $0.6625 dividend is payable on
April 29, 2003 to holders of record on April 15, 2003.
iStar Financial is the leading publicly traded finance company focused on
the commercial real estate industry. The Company provides Read More 04/01/2003
NEW YORK, Apr 1, 2003 /PRNewswire-FirstCall via COMTEX/ -- iStar Financial Inc.
(NYSE: SFI) announced today that its Board of Directors has increased the
regular quarterly cash dividend on its common stock to $0.6625 per share for
the quarter ended March 31, 2003. The $0.6625 dividend represents a 5.2%
increase over iStar Financial's pre-existing quarterly dividend rate of $0.63.
The $0.6625 dividend is payable on April 29, 2003 to holders of record on
April 15, 2003.
iStar FinancialRead More 03/11/2003
NEW YORK, Mar 11, 2003 /PRNewswire-FirstCall via COMTEX/ -- iStar Financial
Inc. (NYSE: SFI) priced its previously-announced offering of $150 million of
Senior Notes due March 2008. The Notes were sold at 100% of their principal
amount and will bear interest at the rate of 7.00% per annum. The offering is
being managed by Deutsche Bank Securities Inc. The closing of the offering is
subject to customary closing conditions.
The Notes are unsecured senior obligations of iStar Financial. ThRead More 03/04/2003
NEW YORK, Mar 4, 2003 /PRNewswire-FirstCall via COMTEX/ -- ? iStar Financial
Inc. (NYSE: SFI) today announced that it has commenced an offering of $150
million of Senior Notes due March 2008. The offering is being managed by
Deutsche Bank Securities Inc.
The Notes are unsecured senior obligations of iStar Financial. The net proceeds
of the offering will be used to repay existing unsecured indebtedness and for
general corporate purposes.
This press release does not constitute an offeRead More 02/20/2003
NEW YORK, Feb 20, 2003 /PRNewswire-FirstCall via COMTEX/ -- iStar Financial
(NYSE: SFI) today announced that, effective March 31, 2003, Spencer Haber will
become president and a director of iStar Strategic Capital Inc., a wholly-owned
subsidiary of the Company. In such capacity, Mr. Haber will be responsible for
identifying and evaluating new business expansion and business development
opportunities for iStar Financial.
Jay Sugarman, iStar Financial's chairman and chief executive officeRead More 02/14/2003
NEW YORK, Feb 14, 2003 /PRNewswire-FirstCall via COMTEX/ -- iStar Financial
Inc. (NYSE: SFI) reported today that the Company's Board of Directors has
declared dividends on the Company's Series B, Series C and Series D preferred
stock. For all three series of preferred stock, dividends are payable on March
14, 2003 to holders of record on February 28, 2003.
A dividend of $0.585938 per share will be paid on the 9.375% Series B preferred
stock; a dividend of $0.575 per share will be paid oRead More 02/06/2003
Fourth Quarter 2002 Summary - Adjusted earnings per diluted share increases to $0.77. - Net investment income hits record high of $80.0 million, up 19% from fourth quarter 2001. - Return on average book equity reaches 18.9%. - First mortgages and investment grade corporate tenant lease transactions comprise 82% of fourth quarter financing commitments. - Tangible book equity surpasses $2.0 billion as Company successfully completes public offering of 8.0 million common shares. Fiscal Year 200Read More 01/31/2003
NEW YORK, Jan. 31 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI) announced today the tax treatment of its 2002 dividends.
Common Stock Dividends
During 2002, taxable dividends for iStar Financial's common stock were
$2.52 per share. The Company's common stock is currently listed under the
CUSIP #45031U-101 and trades under the NYSE ticker symbol SFI. For tax
reporting purposes, the 2002 taxable dividend will be classified as follows:
$2.2078 as ordiRead More 01/30/2003
NEW YORK, Jan. 30 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI) today announced that it will host a fourth quarter and fiscal year
2002 earnings conference call at 11:00 a.m. Eastern time on Thursday, February
6, 2003. This conference call will be broadcast live over the Internet and
can be accessed by all interested parties through iStar Financial's Web site,
http://www.istarfinancial.com, under the "investor relations" section. To
listen to the live call, pRead More 01/22/2003
NEW YORK, Jan. 22 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI) today announced that its management team will be presenting at
Salomon Smith Barney's Financial Services Conference at the New York Plaza
Hotel at 10:45 a.m. Eastern time on Wednesday, January 29, 2003. This
presentation will be broadcast live over the Internet and can be accessed by
all interested parties through iStar Financial's Web site,
http://www.istarfinancial.com, under the "investor relatRead More 12/02/2002
NEW YORK, Dec. 2 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI) announced today that its Board of Directors has declared a regular
quarterly cash dividend on its common stock of $0.63 per share for the quarter
ended December 31, 2002. The $0.63 dividend is payable on December 30, 2002
to holders of record on December 16, 2002.
iStar Financial is the leading publicly traded finance company focused on
the commercial real estate industry. The Company provRead More 11/19/2002
NEW YORK, Nov. 19 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI) reported today that the underwriters of the previously-announced
public offering of iStar Financial common stock have exercised their full
over-allotment option to purchase an additional 1.5 million shares from
Starwood Opportunity Fund IV, L.P. The Company will not receive any of the
proceeds from the sale of these additional shares. The closing of the public
offering, including the purchase of Read More 11/15/2002
NEW YORK, Nov. 15 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI) reported today that the Company's Board of Directors has declared
dividends on the Company's Series B, Series C and Series D preferred stock.
For all three series of preferred stock, dividends are payable on on December
13, 2002 to holders of record on November 29, 2002.
A dividend of $0.585938 per share will be paid on the 9.375% Series B
preferred stock; a dividend of $0.575 per share wRead More 11/14/2002
NEW YORK, Nov. 14 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI) reported today that the previously-announced public offering of
10.0 million shares of its common stock has been priced at $26.77 per share.
iStar Financial is selling 8.0 million shares in the offering; Starwood
Opportunity Fund IV, L.P., one of iStar Financial's shareholders, is selling
2.0 million shares in the offering. Lehman Brothers Inc., as sole book
running manager, and Merrill Lynch & CoRead More 11/11/2002
NEW YORK, Nov. 11 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI) today announced that it has commenced an underwritten public
offering of 8.0 million shares of its common stock. In addition to the shares
offered by iStar Financial, Starwood Opportunity Fund IV, L.P. is proposing to
sell 2.0 million shares of common stock owned by the Fund in the offering.
The Fund has also agreed to sell up to 1.5 million shares to the underwriters
solely to cover over-allotmentsRead More 11/05/2002
NEW YORK, Nov. 5 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI) today announced the appointment of Catherine D. Rice as chief
financial officer of the Company. Ms. Rice's responsibilities will include
managing all capital-raising, financial reporting and investor relations
activities, as well as overseeing all other finance, treasury and accounting
functions. Ms. Rice will report to Spencer B. Haber, the Company's president
and current CFO.
Ms. RiceRead More 10/24/2002
* Net investment income hits record high of $79.3 million, up 20% from third quarter 2001. * 2002 year-to-date net asset growth reaches $1.0 billion. * First mortgages comprise 77% of third quarter financing commitments. * Adjusted earnings per diluted share increases to $0.77, excluding non-cash charge. * Company receives investment-grade senior unsecured credit rating from Fitch Ratings. * Standard & Poor's and Moody's Investor Service raise iStar Financial's ratings outlook to "positive" for Read More 10/17/2002
NEW YORK, Oct 17, 2002 /PRNewswire-FirstCall via COMTEX/ -- iStar Financial
Inc. (NYSE: SFI) today announced that it will host a third quarter 2002 earnings
conference call at 10:00 a.m. Eastern time on Thursday, October 24, 2002. This
conference call will be broadcast live over the Internet and can be accessed by
all interested parties through iStar Financial's Web site,
http://www.istarfinancial.com, under the "investor relations" section. To listen
to the live call, please go to the WebRead More 10/01/2002
NEW YORK, Oct 1, 2002 /PRNewswire via COMTEX/ -- iStar Financial Inc. (NYSE:
SFI), announced today that its Board of Directors has declared a regular
quarterly cash dividend on its common stock of $0.63 per share for the quarter
ended September 30, 2002. The $0.63 dividend is payable on October 29, 2002 to
holders of record on October 15, 2002.
iStar Financial is the largest publicly traded finance company focused
exclusively on the commercial real estate industry. The Company provides
Read More 08/16/2002
NEW YORK, Aug 16, 2002 /PRNewswire-FirstCall via COMTEX/ -- iStar Financial
Inc. (NYSE: SFI) reported today that the Company's Board of Directors has
declared dividends on the Company's Series B, Series C and Series D preferred
stock. For all three series of preferred stock, dividends are payable on
September 13, 2002 to holders of record on August 30, 2002.
A dividend of $0.585938 per share will be paid on the 9.375% Series B preferred
stock; a dividend of $0.575 per share will be paidRead More 08/01/2002
NEW YORK, Aug 1, 2002 /PRNewswire-FirstCall via COMTEX/ -- iStar Financial Inc.
(NYSE: SFI), announced today that Standard & Poors has raised its ratings
outlook for iStar Financial's senior unsecured credit rating to "positive." In
its press release announcing the increase, Standard & Poors stated that its
positive outlook "reflects the company's strong asset-quality performance,
demonstrated through both a weak economic environment and a difficult real
estate market."
Spencer B. HabeRead More 07/31/2002
NEW YORK, Jul 31, 2002 /PRNewswire-FirstCall via COMTEX/ -- iStar Financial
Inc. (NYSE: SFI), announced today that Moody's Investor Service has raised its
ratings outlook for iStar Financial's senior unsecured credit rating to
"positive." In its press release announcing the increase, Moody's cited "iStar
Financial's experienced management team, along with its ability to formulate
highly structured transactions utilizing strong underwriting skills," among
other factors leading to its decisiRead More 07/30/2002
NEW YORK, Jul 30, 2002 /PRNewswire-FirstCall via COMTEX/ -- iStar Financial
Inc. (NYSE: SFI), announced today that Fitch Ratings upgraded iStar Financial's
senior unsecured credit rating to BBB- from BB+. Spencer B. Haber, iStar
Financial's president and chief financial officer, stated, "We are very pleased
with Fitch's ratings action, and believe this upgrade acknowledges the
fundamental strength of iStar Financial's credit."
iStar Financial is the largest publicly traded finance compaRead More 07/25/2002
* Financing volume up 73% over prior quarter to new record level of $678.3 million. * First mortgages and investment grade corporate tenant lease transactions comprise 93% of second quarter financing commitments. * Adjusted earnings per diluted share increases to record $0.76, exceeding Company's previously-published guidance of $0.74, excluding non-cash charge. * Net investment income hits record high of $76.1 million, up 11.1% from second quarter 2001. * iStar Financial raises adjusted earningRead More 07/24/2002
NEW YORK, Jul 24, 2002 /PRNewswire-FirstCall via COMTEX/ -- iStar Financial
Inc. (NYSE: SFI) announced today it will begin expensing the cost of all
employee stock options the Company grants, beginning with options granted on or
after January 1, 2002. All future employee stock option grants will be expensed
over the stock option vesting period based upon their fair value on the grant
date. Generally accepted accounting principles only require companies to
disclose estimated option costs inRead More 07/18/2002
NEW YORK, Jul 18, 2002 /PRNewswire-FirstCall via COMTEX/ -- iStar Financial
Inc. (NYSE: SFI) today announced that it will host a second quarter 2002
earnings conference call at 11:00 a.m. Eastern time on Thursday, July 25, 2002.
This conference call will be broadcast live over the Internet and can be
accessed by all interested parties through iStar Financial's Web site,
http://www.istarfinancial.com, under the "investor relations" section. To listen
to the live call, please go to the Web sRead More 07/01/2002
NEW YORK, Jul 1, 2002 /PRNewswire-FirstCall via COMTEX/ -- iStar Financial Inc.
(NYSE: SFI), announced today that its Board of Directors has declared a regular
quarterly cash dividend on its common stock of $0.63 per share for the quarter
ended June 30, 2002. The $0.63 dividend is payable on July 29, 2002 to holders
of record on July 15, 2002.
iStar Financial is the largest publicly traded finance company focused
exclusively on the commercial real estate industry. The Company provides
Read More 05/17/2002
NEW YORK, May 17 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI) reported today that the Company's Board of Directors has declared
dividends on the Company's Series B, Series C and Series D preferred stock.
For all three series of preferred stock, dividends are payable on June 14,
2002 to holders of record on May 31, 2002.
A dividend of $0.585938 per share will be paid on the 9.375% Series B
preferred stock; a dividend of $0.575 per share will be paid oRead More 05/15/2002
NEW YORK, May 15, 2002 /PRNewswire-FirstCall via COMTEX/ -- iStar Financial
Inc. (NYSE: SFI) announced that it was notified today that Starwood Opportunity
Fund IV, L.P. agreed to sell 10.0 million shares of iStar Financial common stock
owned by it in a fully underwritten offering. The Company is not selling any
shares in the offering. Merrill Lynch & Co. is the sole underwriter of the
offering. The closing of the offering is subject to customary closing
conditions.
The Company was alsoRead More 05/15/2002
NEW YORK, May 15, 2002 /PRNewswire-FirstCall via COMTEX/ -- iStar Financial
Inc. (NYSE: SFI) announced that it was notified today that Starwood Opportunity
Fund IV, L.P. agreed to sell 10.0 million shares of iStar Financial common stock
owned by it in a fully underwritten offering at a net price of $29.00 per share.
The Company is not selling any shares in the offering. Merrill Lynch & Co. is
the sole underwriter of the offering. The closing of the offering is subject to
customary closing Read More 05/15/2002
NEW YORK, May 15, 2002 /PRNewswire via COMTEX/ -- iStar Financial Inc. (NYSE:
SFI) today announced that it has priced a private offering of asset-backed bonds
under the Company's proprietary match funding program, iStar Asset Receivables
("STARs"). The STARs Series 2002-1 offered bonds consist of 11 classes of
investment-grade securities, and the Company expects to receive approximately
$885 million of gross proceeds from the offering. The STARs Series 2002-1 bonds
create match funded termRead More 04/25/2002
NEW YORK, Apr 25, 2002 /PRNewswire-FirstCall via COMTEX/ -- * Total financing volume grows to record level of $391.0 million. * Return on equity reaches 18.1%. * Adjusted earnings per diluted share increases to $0.73 from $0.71 for first quarter 2001. * Quarterly dividend rises to $0.63 per share. iStar Financial
Inc. (NYSE: SFI) reported that adjusted earnings for the quarter ended March 31,
2002 increased to $0.73 per diluted common share, up from $0.71 per diluted
common share for theRead More 04/18/2002
NEW YORK, Apr 18, 2002 /PRNewswire-FirstCall via COMTEX/ -- iStar Financial
Inc. (NYSE: SFI) today announced that it will host a first quarter 2002 earnings
conference call at 11:00 a.m. Eastern time on Thursday, April 25, 2002. This
conference call will be broadcast live over the Internet and can be accessed by
all interested parties through iStar Financial's Web site,
http://www.istarfinancial.com, under the "investor relations" section. To listen
to the live call, please go to the Web sRead More 04/01/2002
NEW YORK, April 1 /PRNewswire-FirstCall/ --
iStar Financial Inc. (NYSE: SFI), announced today that its Board of Directors
has declared a regular quarterly cash dividend on its common stock of
$0.63 per share for the quarter ended March 31, 2002. The $0.63 dividend
represents a 2.9% increase over iStar Financial's pre-existing quarterly
dividend rate of $0.6125. The $0.63 dividend is payable on April 29, 2002 to
holders of record on April 15, 2002.
iStar FinancialRead More 02/14/2002
NEW YORK, Feb 14, 2002 /PRNewswire-FirstCall via COMTEX/ -- iStar Financial
Inc. (NYSE: SFI) reported today that the Company's Board of Directors has
declared dividends on the Company's Series B, Series C and Series D preferred
stock. For all three series of preferred stock, dividends are payable on March
14, 2002 to holders of record on February 28, 2002.
A dividend of $0.585938 per share will be paid on the 9.375% Series B preferred
stock; a dividend of $0.575 per share will be paid oRead More 02/14/2002
NEW YORK, Feb 14, 2002 /PRNewswire-FirstCall via COMTEX/ -- Fourth Quarter 2001 Summary * Return on equity reaches record level of 18.2%. * Adjusted earnings per diluted share increases 5.8% to $0.73 from $0.69 for fourth quarter 2000. * CTL financing volume grows to record level of $203.6 million. Fiscal Year 2001 Summary * Adjusted earnings per diluted share increases 7.9% to $2.88 from $2.67 for fiscal year 2000. * Total revenue grows to $484.2 million. * Total financing volume reaches $1.2Read More 02/07/2002
NEW YORK, Feb 7, 2002 /PRNewswire-FirstCall via COMTEX/ -- iStar Financial Inc.
(NYSE: SFI) today announced that it will host a fourth quarter and fiscal year
2001 earnings conference call at 11:00 a.m. Eastern time on Thursday, February
14, 2002. This conference call will be broadcast live over the Internet and can
be accessed by all interested parties through iStar Financial's Web site,
http://www.istarfinancial.com, under the "investor relations" section. To listen
to the live call, pleRead More 01/31/2002
NEW YORK, Jan 31, 2002 /PRNewswire-FirstCall via COMTEX/ -- iStar Financial
Inc. (NYSE: SFI), announced today the tax treatment of its 2001 dividends.
Common Stock Dividends
During 2001, taxable dividends for iStar Financial's common stock were $2.4524
per share. The Company's common stock is currently listed under the CUSIP
#45031U-101 and trades under the NYSE ticker symbol SFI. For tax reporting
purposes, the 2001 taxable dividend will be classified as follows: 90.55%
($2.2206) as Read More 12/03/2001
NEW YORK, Dec 3, 2001 /PRNewswire via COMTEX/ -- iStar Financial Inc. (NYSE:
SFI), the largest publicly traded finance company focused exclusively on the
commercial real estate industry, today announced that its Board of Directors has
declared a regular quarterly cash dividend on its common stock of $0.6125 per
share for the quarter ended December 31, 2001. The $0.6125 dividend is payable
on December 31, 2001 to holders of record on December 17, 2001.
iStar Financial is the largest publRead More 11/30/2001
NEW YORK, Nov 30, 2001 /PRNewswire via COMTEX/ -- iStar Financial Inc. (NYSE:
SFI) today announced the appointment of Daniel S. Abrams to the position of
Executive Vice President - Investments. Mr. Abrams joins iStar Financial's New
York team and will focus on originating new structured finance investments.
"Dan's combination of financial and real estate expertise, significant industry
contacts and high level of integrity make him a valuable addition to the iStar
team," commented Jay SugarRead More 11/16/2001
NEW YORK, Nov. 16 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI)
reported today that the Company's Board of Directors has declared dividends on
the Company's Series B, Series C and Series D preferred stock. For all three
series of preferred stock, dividends are payable on December 14, 2001 to
holders of record on November 30, 2001.
A dividend of $0.585938 per share will be paid on the 9.375% Series B
preferred stock; a dividend of $0.575 per share will be paid onRead More 10/30/2001
NEW YORK, Oct 30, 2001 /PRNewswire via COMTEX/ -- iStar Financial Inc. (NYSE:
SFI) today announced that Starwood Mezzanine Investors L.P. and Starwood
Opportunity Fund IV, L.P. and one of their affiliates have agreed to sell 16.5
million shares of iStar Financial common stock owned by them at a price of
$23.30 per share. As previously announced, the Company is not selling any shares
in the offering. The closing of the offering is subject to customary closing
conditions.
The selling stoRead More 10/19/2001
NEW YORK, Oct. 19 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI)
reported its fourteenth consecutive quarterly increase in adjusted earnings
for the quarter ended September 30, 2001 to $0.73 per diluted common share, up
from $0.68 per diluted share for the quarter ended September 30, 2000.
Adjusted earnings for third quarter 2001 increased 10.2% to $64.9 million on a
diluted basis, from $58.9 million for third quarter 2000. Adjusted earnings
represent GAAP net income before deprRead More 10/18/2001
NEW YORK, Oct. 18 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) today
announced that Starwood Mezzanine Investors L.P. and Starwood Opportunity Fund
IV, L.P. and one of their affiliates have resumed an underwritten public
offering in which they propose to sell 15.0 million shares of iStar Financial
common stock owned by them. The selling stockholders have also granted the
underwriters an option to purchase up to an additional 2.25 million of their
shares of iStar Financial Read More 10/15/2001
NEW YORK, Oct. 15 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI), the
largest publicly traded finance company focused on the commercial real estate
industry, today announced that it will host a third quarter earnings
conference call at 10:00 a.m. Eastern time on Friday, October 19, 2001. This
conference call will be broadcast live over the Internet and can be accessed
by all interested parties through iStar Financial's Web site,
www.istarfinancial.com , under the "investorRead More 10/01/2001
NEW YORK, Oct 1, 2001 /PRNewswire/ -- iStar Financial Inc. (NYSE:
SFI), the largest publicly traded finance company focused exclusively on the
commercial real estate industry, today announced that its Board of Directors has
declared a regular quarterly cash dividend on its common stock of $0.6125 per
share for the quarter ended September 30, 2001. The $0.6125 dividend is payable
on October 29, 2001 to holders of record on October 15, 2001.
iStar Financial is the largest publicly traded Read More 09/14/2001
NEW YORK, Sept. 17 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) today
announced that Starwood Mezzanine Investors L.P. and Starwood Opportunity Fund
IV, L.P. and certain of their affiliates have delayed indefinitely a proposed
public offering of shares of iStar Financial common stock due to Tuesday's
catastrophe in New York City.
The thoughts and hopes of all of iStar Financial's employees are with the
victims and their families during this very difficult timeRead More 09/11/2001
NEW YORK, Sep 11, 2001 /PRNewswire/ -- iStar Financial Inc. (NYSE:
SFI) today announced that Starwood Mezzanine Investors L.P. and Starwood
Opportunity Fund IV, L.P. and certain of their affiliates have commenced an
underwritten public offering in which they propose to sell 15.0 million shares
of iStar Financial common stock owned by them. The selling stockholders have
also granted the underwriters an option to purchase up to an additional 2.25
million of their shares of iStar Financial coRead More 08/17/2001
NEW YORK, Aug. 17 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI)
reported today that the Company's Board of Directors has declared dividends on
the Company's Series B, Series C and Series D preferred stock. For all three
series of preferred stock, dividends are payable on September 14, 2001 to
holders of record on August 31, 2001.
A dividend of $0.585938 per share will be paid on the 9.375% Series B
preferred stock; a dividend of $0.575 per share will be paid on thRead More 08/09/2001
NEW YORK, Aug. 9 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) today
announced that it has agreed to pricing terms for an offering of $350 million
of 8.75% Senior Notes due 2008. The offering is being underwritten by
Deutsche Banc Alex. Brown, Bear, Stearns & Co. Inc., Fleet Securities, Inc.
and UBS Warburg LLC. The closing of the offering is subject to customary
closing conditions.
The Notes are unsecured senior obligations of iStar Financial. Proceeds
of the Read More 07/23/2001
NEW YORK, Jul 23, 2001 /PRNewswire/ -- -- Adjusted earnings per diluted share increases to $0.72 for second quarter 2001 from $0.66 for second quarter 2000. -- Return on equity reaches 17.5%. -- Financing volume totals $370.9 million. -- iStar Financial appoints Spencer Haber President. iStar Financial Inc. (NYSE:
SFI) reported adjusted earnings for the quarter ended June 30, 2001 of $0.72 per
diluted common share, up from $0.66 per diluted share for the quarter ended June
30, 2000. AdjuRead More 07/16/2001
NEW YORK, July 16 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI), the
leading publicly-traded finance company focused on the commercial real estate
industry, today announced that it will host a second quarter earnings
conference call at 11:00 a.m. Eastern time on Monday, July 23, 2001. This
conference call will be broadcast live over the Internet and can be accessed
by all interested parties through iStar Financial's Web site,
www.istarfinancial.com, under the "investor relatioRead More 07/02/2001
NEW YORK, Jul 2, 2001 /PRNewswire/ -- iStar Financial Inc. (NYSE:
SFI), the leading publicly-traded finance company focused exclusively on the
commercial real estate industry, today announced that its Board of Directors has
declared a regular quarterly cash dividend on its common stock of $0.6125 per
share for the quarter ended June 30, 2001. The $0.6125 dividend is payable on
July 30, 2001 to holders of record on July 16, 2001.
iStar Financial is the leading publicly traded finance comRead More 06/27/2001
NEW YORK, June 27 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) today
announced that it has appointed Spencer B. Haber to the additional post of
president, effective immediately. Mr. Haber is also a member of the Company's
Board of Directors, and will continue to serve as its chief financial officer.
Jay Sugarman, iStar Financial's chairman and chief executive officer
stated, "This appointment reflects Spencer's contribution to iStar Financial's
business from both a sRead More 05/24/2001
NEW YORK, May 24 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI - news) reported today that the Company's Board of Directors has declared dividends on the Company's Series B, Series C and Series D preferred stock. For all three series of preferred stock, dividends are payable on June 15, 2001, to holders of record on May 31, 2001.
A dividend of $0.585938 per share will be paid on the 9.375% Series B preferred stock; a dividend of $0.575 per share will be paid on the 9.20% Series C preferredRead More 05/18/2001
NEW YORK, May 18 /PRNewswire/ -- The American Stock Exchange® (Amex®) will launch trading in options on Monday, May 21, 2001 on the following New York Stock Exchange listed stock of iStar Financial Inc..
iStar Financial Inc. options will open with strike prices of 20 -- 22-1/2 -- 25 and position limits of 13,500 contracts. The options will trade on the January expiration cycle with initial expirations in June, July, October and January. The specialist will be Highland Securities Co.
iStaRead More 04/25/2001
NEW YORK, April 25 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI)
reported adjusted earnings for the quarter ended March 31, 2001 of
$0.71 per diluted common share, up 10.9% from $0.64 per diluted share for the
quarter ended March 31, 2000. Adjusted earnings for the first quarter 2001
increased 13.5% to $61.7 million on a diluted basis, from $54.4 million for
first quarter 2000. Adjusted earnings represent GAAP net income before
depreciation and amortization.
Net income Read More 04/18/2001
NEW YORK, April 18 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI), the
leading publicly-traded finance company focused on the commercial real estate
industry, today announced that it will host a first quarter earnings
conference call at 11:00 a.m. Eastern time on Wednesday, April 25, 2001. This
conference call will be broadcast live over the Internet and can be accessed
by all interested parties through iStar Financial's Web site,
www.istarfinancial.com, under the "investor informRead More 04/12/2001
NEW YORK, April 12 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI),
announced that Standard & Poor's yesterday upgraded iStar Financial's senior
unsecured credit rating to BB+ from BB. In addition, Standard & Poor's raised
the ratings on iStar Financial's Series B, C and D preferred stock to B+ from
B. Spencer B. Haber, iStar Financial's Executive Vice President - Finance and
Chief Financial Officer, stated, "We view Standard & Poor's upgrade as another
affirmation of the strRead More 04/02/2001
NEW YORK, April 2 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI), the
leading publicly-traded finance company focused exclusively on the commercial
real estate industry, today announced that its Board of Directors has declared
a regular quarterly cash dividend on its common stock of $0.6125 per share for
the quarter ending March 31, 2001. The $0.6125 dividend represents a
2.1% increase over iStar Financial's first quarter 2000 dividend of
$0.60. The $0.6125 dividend is payaRead More 02/15/2001
NEW YORK, Feb. 15 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI)
reported today that the Company's Board of Directors has declared dividends on
the Company's Series B, Series C and Series D preferred stock. For all three
series of preferred stock, dividends are payable on March 15, 2001, to holders
of record on February 28, 2001.
A dividend of $0.585938 per share will be paid on the 9.375% Series B
preferred stock; a dividend of $0.575 per share will be paid on the
Read More 02/14/2001
NEW YORK, Feb. 14 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI)
reported that adjusted earnings for the quarter ended December 31, 2000
increased 15% to $0.69 per diluted common share, from $0.60 per diluted share
for the quarter ended December 31, 1999. Adjusted earnings for the
fourth quarter 2000 totaled $60.1 million on a diluted basis, up 32.6% from
$45.3 million for fourth quarter 1999. Adjusted earnings represent GAAP net
income before depreciation and amortization. Net incRead More 02/07/2001
NEW YORK, Feb. 7 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI), the
leading publicly-traded finance company focused on the commercial real estate
industry, today announced that it will host a fourth quarter earnings
conference call at 11:00 Eastern time on Wednesday, February 14, 2001. This
conference call will be broadcast live over the Internet and can be accessed
by all interested parties through iStar Financial's Web site,
www.istarfinancial.com, under the "investor infoRead More 01/31/2001
NEW YORK, Jan. 31 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI),
announced today the tax treatment of its 2000 distributions.
Common Stock Dividends
During 2000, taxable dividends for iStar Financial's common stock were
$2.50 per share. The Company's common stock is currently listed under the
CUSIP #45031U-101 and trades under the NYSE ticker symbol SFI. For tax
reporting purposes, the 2000 taxable dividend will be classified as follows:
85.15% ($2.1291) as ordRead More 01/10/2001
NEW YORK, Jan. 10 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI),
announced that Moody's Investors Service yesterday upgraded iStar Financial's
senior unsecured credit rating to Ba1 from Ba2. In addition, Moody's raised
the ratings on iStar Financial's Series B, C and D preferred stock to Ba3 from
Bl. Spencer B. Haber, iStar Financial's Executive Vice President -- Finance
and Chief Financial Officer, stated, "We are pleased with Moody's ratings
action and view it as anotherRead More 12/15/2000
NEW YORK, Dec. 15 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI), the
leading publicly-traded finance company focused exclusively on the commercial
real estate industry, today announced that its Board of Directors has declared
a regular quarterly cash dividend on its common stock of $0.60 per share for
the quarter ending December 31, 2000. The $0.60 dividend is payable on
January 12, 2001 to holders of record on December 29, 2000.
iStar Financial is the leading pubRead More 11/21/2000
NEW YORK, Nov. 21 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) today
announced the appointment of Diane Olmstead to her new position as
Executive Vice President - Investments. Ms. Olmstead joins iStar Financial's
San Francisco team and will focus on originating new investments in the
western United States. "Diane's industry knowledge and wealth of
relationships make her a valuable addition to our firm, and she will
immediately enhance our existing presence on the west coast," cRead More 11/15/2000
NEW YORK, Nov. 15 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI)
reported today that the Company's Board of Directors has declared dividends on
the Company's Series B, Series C and Series D preferred stock. For all three
series of preferred stock, dividends are payable on December 15, 2000, to
holders of record on November 30, 2000.
A dividend of $0.585938 per share will be paid on the 9.375% Series B
preferred stock; a dividend of $0.575 per share will be paid on Read More 10/26/2000
NEW YORK, Oct. 26 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI)
reported that adjusted earnings for the quarter ended September 30, 2000
increased 31% to $0.68 per diluted common share, from $0.52 per diluted share
for the quarter ended September 30, 1999. Adjusted earnings for the third
quarter 2000 totaled $58.9 million on a diluted basis, up 104% from
$28.9 million for third quarter 1999. Adjusted earnings represent GAAP net
income before depreciation and amortization. Net iRead More 10/19/2000
NEW YORK - October 19, 2000 - iStar Financial Inc. (NYSE: SFI), the leading publicly-traded finance company focused exclusively on the commercial real estate industry, today announced that it will host a third quarter earnings conference call at 11:00 Eastern time on Thursday, October 26, 2000. This conference call will be broadcast live over the Internet and can be accessed by all interested parties through iStar Financial’s Web site, www.istarfinancial.com, under the “investor information” seRead More 10/02/2000
NEW YORK, Oct. 2 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI), the
leading publicly-traded finance company focused exclusively on the commercial
real estate industry, today announced that its Board of Directors has declared
a regular quarterly cash dividend on its common stock of $0.60 per share for
the quarter ended September 30, 2000. The $0.60 dividend is payable on
October 30, 2000 to holders of record on October 16, 2000.
iStar Financial is the leading publicly trRead More 08/15/2000
NEW YORK, Aug. 15 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI)
reported today that the Company's Board of Directors has declared dividends on
the Company's Series B, Series C and Series D preferred stock. For all three
series of preferred stock, dividends are payable on September 15, 2000 to
holders of record on August 31, 2000.
A dividend of $0.585938 per share will be paid on the 9.375% Series B
preferred stock; a dividend of $0.575 per share will be paid on the 9.20Read More 07/25/2000
NEW YORK, July 25 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI)
reported that adjusted earnings for the quarter ended June 30, 2000 increased
35% to $0.66 per diluted common share, from $0.49 per diluted share for the
quarter ended June 30, 1999. Adjusted earnings for the second quarter 2000
totaled $57.1 million, up 108% from $27.5 million for second quarter 1999.
Adjusted earnings represent GAAP net income before depreciation and
amortization. Net income allocable to common shRead More 07/03/2000
NEW YORK, July 3 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI), the
leading publicly-traded finance company focused exclusively on the commercial
real estate industry, today announced that its Board of Directors has declared
a regular quarterly cash dividend on its common stock of $0.60 per share for
the quarter ended June 30, 2000. The $0.60 dividend is payable on July 31,
2000 to holders of record on July 17, 2000.
iStar Financial is the leading publicly traded financRead More 05/16/2000
NEW YORK, May 16 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) formerly
named Starwood Financial Inc., reported today that the Company's Board of
Directors has declared dividends on the Company's Series B, Series C and
Series D preferred stock. For all three series of preferred stock, dividends
are payable on June 15, 2000, to holders of record on May 31, 2000.
A dividend of $0.5859375 per share will be paid on the 9.375% Series B
preferred stock; a dividend of $0.575 pRead More 05/03/2000
First Quarter Financing Volume Totals $233 Million
* First quarter 2000 adjusted earnings per diluted share increased 39%
to $0.64 from $0.46 for first quarter 1999.
* First quarter net investment income grew 92% over first quarter 1999
to $65.2 million.
* Financing volume for first quarter 2000 totaled $233.4 million.
* Company announces formation of Leveraged Transactions Group.
NEW YORK, May 3 /PRNewswire/ -Read More 05/01/2000
NEW YORK, May 1 /PRNewswire/ -- Starwood Financial Inc. today announced
that it changed its name to iStar Financial Inc. (NYSE: SFI), effective April
30, 2000. The Company will continue to trade on the New York Stock Exchange
under the ticker symbol "SFI".
Jay Sugarman, iStar Financial's Chairman and CEO explained, "We chose the
name 'iStar Financial' to reflect our forward-thinking and innovative approach
to the structured real estate finance markets. Our new name is symRead More 04/28/2000
NEW YORK, April 28 /PRNewswire/ -- Starwood Financial Inc. (NYSE: SFI)
today announced the appointments of Andrew C. Richardson to the position of
Senior Vice President -- Capital Markets, and Lianne A. Merchant to the
position of Vice President -- Investor Relations. Starwood Financial also
said that it further augmented its Capital Markets team with the addition of
Scott L. Goldberg as an Associate. All three professionals will report to
Spencer B. Haber, Executive Vice PresidentRead More 04/14/2000
NEW YORK, April 14 /PRNewswire/ -- Starwood Financial Inc. (NYSE: SFI)
today announced that the Board of Directors named Jay Sugarman, Starwood
Financial's president and chief executive officer, to the added position of
chairman of the board, effective immediately. Mr. Sugarman will succeed Barry
S. Sternlicht, who has served as Starwood Financial's non-executive chairman
since 1997. Mr. Sternlicht will remain a member of the Company's Board of
Directors and will chair the board's Read More 04/03/2000
NEW YORK, April 3 /PRNewswire/ -- Starwood Financial Inc. (NYSE: SFI), the
leading publicly-traded finance company focused exclusively on the commercial
real estate industry, today announced that its Board of Directors has declared
a regular quarterly cash dividend on its common stock of $0.60 per share for
the quarter ended March 31, 2000. The $0.60 dividend represents a 43%
increase over Starwood Financial's first quarter 1999 dividend of $0.42 per
share. The dividend is payable Read More 03/20/2000
NEW YORK, March 20 /PRNewswire/ -- Starwood Financial Inc. (NYSE: SFI)
today announced that it has acquired American Corporate Real Estate, L.L.C.
and its affiliate, American Corporate Real Estate, Inc. ("ACRE Partners"), a
privately-held firm focused on providing public and private corporations with
highly-structured, value-added financing solutions for their real estate
facilities. ACRE's three principals, H. Cabot Lodge, Barclay G. Jones and R.
Michael Dorsch, have each been appoRead More 02/25/2000
NEW YORK, Feb. 25 /PRNewswire/ -- Starwood Financial Inc. (NYSE: SFI) announced today the tax treatment of its 1999 distributions and the tax treatment for the 1999 distributions of TriNet Corporate Realty Trust Inc., which it acquired on November 4, 1999.
Starwood Financial Common Stock Dividend
During 1999, Starwood Financial paid $1.88 per share in dividends for its common stock, currently listed under the CUSIP #85569R-104 and traded under the NYSE ticker symbol Read More 02/16/2000
NEW YORK, Feb. 16 /PRNewswire/ -- Starwood Financial Inc. (NYSE: SFI), reported today that the company's Board of Directors has declared dividends on Starwood Financial's Series B, Series C, and Series D preferred stock.
For all three series of preferred stock, dividends are payable on March 15, 2000, to holders of record on February 29, 2000.
A dividend of $0.5859375 per share will be paid on the 9.375% Series B preferred stock; a dividend of $0.575 per share wRead More 02/09/2000
Fourth Quarter Adjusted Earnings Per Share Increase 33%
Fourth Quarter 1999 Adjusted Earnings Per Diluted Share Increased
33% to $0.60 From $0.45 for Fourth Quarter 1998
Fourth Quarter Net Investment Income Grew 87% Over 1998 to $53.4
Million
Financing Volume for Fourth Quarter 1999 Totaled $319.3 Million
Tangible Book Equity Capital Surpassed $1.8 Billion
NEW YORK, Feb. 9 /PRNewswire/ -- Starwood Financial Inc. (NYSE: SFI) reported that
adjusted earnings forRead More 12/28/1999
NEW YORK – December 28, 1999 – Starwood Financial Inc. (NYSE: SFI), the leading publicly-traded finance company focused exclusively on the commercial real estate industry, today announced that Polycom, Inc. has signed a seven-year, triple net lease with Starwood Financial on a Silicon Valley research and development facility.
Polycom’s lease on the 102,240 square foot research and development property, which is located in Milpitas, California, becomes effective February 1, 2000. As reportedRead More 11/29/1999
STARWOOD FINANCIAL ANNOUNCES 30% INCREASE IN REGULAR QUARTERLY DIVIDEND
NEW YORK – November 29, 1999 – Starwood Financial Inc. (NYSE: SFI), the leading publicly-traded finance company focused exclusively on the commercial real estate industry, today announced that its Board of Directors has declared a regular quarterly cash dividend on its common stock of $0.57 per share for the quarter ended December 31, 1999. The dividend is payable on January 28, 2000, to shareholders of record on DecembeRead More 11/19/1999
STARWOOD FINANCIAL DECLARES PREFERRED STOCK DIVIDENDS
NEW YORK - November 19, 1999 - Starwood Financial Inc. (NYSE: SFI), reported today that the company's Board of Directors has declared dividends on Starwood Financial's Series B, Series C, and Series D preferred stock.
For all three series of preferred stock, dividends are payable on December 15, 1999, to holders of record on November 30, 1999.
A dividend of $0.5859375 per share will be paid on the 9.375% Series B preferred stock; Read More 11/12/1999
Starwood Financial Announces Third Quarter Results For TriNet Subsidiary
NEW YORK, Nov. 12 /PRNewswire/ -- Starwood Financial Inc. (NYSE: SFI - news )
announced today third quarter results for its subsidiary, TriNet Corporate
Realty Trust, Inc.
TriNet's third quarter results reflect its operations
prior to its merger with Starwood Financial, which closed on November 4, 1999.
TriNet's funds from operations (``FFO'') for the third quarter of 1999 were
$1.17 per diluted common shareRead More 11/12/1999
Starwood Financial Announces 24% Increase in Third Quarter Earnings Per Share -- Third quarter 1999 earnings per share increased 23.7% to $0.49 from $0.40 for third quarter 1998. -- Net investment income grew 40.0% over third quarter 1998 to $36.1 million. -- Financing volume since beginning of third quarter 1999 totaled $84.5 million. -- Tangible book equity capital surpassed $1.0 billion.
NEW YORK, Nov. 12 /PRNewswire/ -- Starwood Financial Inc. (NYSE: SFI - news ), the
leading pubRead More 11/04/1999
NEW YORK – November 4, 1999 – Starwood Financial
Inc. (NYSE: SFI) announced today that the merger of TriNet Corporate Realty Trust, Inc.
with a subsidiary of Starwood Financial has been completed, creating the largest
publicly-traded finance company focused exclusively on the commercial real estate
industry. Starwood Financial, which was formerly known as Starwood Financial Trust and was
externally advised, also stated that it is now a self-advised company.
Beginning Read More 11/03/1999
AT STARWOOD FINANCIAL:
AT TRINET:
Spencer B. Haber
Elisa F. DiTommaso
Executive Vice President – Finance and CFO
Senior Vice President – Finance and CFO
(212) 930-9400
(415) 391-4300
MEDIA INQUIRIES:
INVESTOR INQUIRIES:
Eric Berman, Adam Weiner or Sarah Zitter Milstein
Innisfree M&A Incorporated
Read More 10/22/1999
Starwood Financial Board Formally Approves Stock Repurchase Program
NEW YORK and SAN FRANCISCO – October 22, 1999 –
Starwood Financial Trust (ASE: APT) and TriNet Corporate Realty Trust, Inc. (NYSE: TRI)
announced today that Institutional Shareholder Services ("ISS"), the nation's
leading voting advisory service, has recommended that its clients, including institutional
investors, mutual funds and other fiduciaries, vote FOR the merger of Starwood FinancialRead More 10/20/1999
Starwood Financial Board Formally Approves Stock Repurchase Program
SAN FRANCISCO and NEW YORK – October 20, 1999 – Starwood Financial Trust (ASE: APT) and TriNet Corporate Realty Trust, Inc. (NYSE: TRI) announced today that Institutional Shareholder Services (“ISS”), the nation's leading voting advisory service, has recommended a vote FOR the merger of Starwood Financial and TriNet.
In its report, ISS noted that:
· The merger will create the largest publicly-traded finance company with Read More 10/01/1999
NEW YORK – October 1, 1999 – Starwood Financial Trust (ASE: APT), the leading publicly-traded finance company focused exclusively on the commercial real estate industry, today announced that its Board of Trustees has declared a regular quarterly cash dividend of $0.44 per Class A Share for the quarter ended September 30, 1999. This dividend represents a 15.8% increase from the dividend paid for the third quarter of 1998. The dividend is payable October 29, 1999, to shareholders of record on OcRead More 09/28/1999
AT STARWOOD FINANCIAL:
AT TRINET:
Spencer B. Haber
Elisa F. DiTommaso
Executive Vice President – Finance and CFO
Senior Vice President – Finance and CFO
(212) 930-9400
(415) 391-4300
MEDIA INQUIRIES:
INVESTOR INQUIRIES:
Eric Berman, Adam Weiner or Sarah Zitter Milstein
Innisfree M&A Incorporated
Read More 08/11/1999
Starwood Financial Reports 23% Increase in Second Quarter Earnings And $200 Million of Financing Transactions
-- Second quarter 1999 earnings per share increased 23.4% to $0.46 from
$0.38 for the second quarter of 1998.
-- Net investment income grew 52.8% over second quarter 1998 to
$35.2 million.
-- Financing volume in the second quarter of 1999 totaled $199.8 million.
NEW YORK, Aug. 11 /PRNewswire/ -- Starwood Financial Trust (Amex: APT ),Read More 07/27/1999
NEW YORK and SAN FRANCISCO – July 27, 1999 – Starwood Financial Trust (ASE: APT) and TriNet Corporate Realty Trust, Inc. (NYSE: TRI) have filed with the Securities and Exchange Commission a joint proxy and registration statement for their pending merger, which was announced on June 16. The terms of the merger described in the joint proxy are identical
to those detailed in the merger agreement filed as an exhibit to the companies’ Forms 8-K on
June 21.
Commenting on the joint proxy filing, JRead More 07/12/1999
NEW YORK – July 12, 1999 – Starwood Financial Trust (ASE: APT), the leading publicly traded finance company focused exclusively on the commercial real estate industry, reported today that, based on recent announcements by the Frank Russell Company (“Russell”), Starwood Financial contacted Russell to review Starwood Financial’s inclusion and relative weighting in various Russell equity indices. On Friday, July 9, Russell announced that it had decided to delete Starwood Financial from its RussRead More 07/01/1999
NEW YORK – July 1, 1999 – Starwood Financial Trust (ASE: APT), the leading publicly-traded finance company focused exclusively on the commercial real estate industry, today announced that its Board of Trustees has declared a regular quarterly cash dividend of $0.43 per Class A Share for the quarter ended June 30, 1999. This dividend represents a 2.4% increase from the dividend paid for the first quarter of 1999. The dividend is payable July 29, 1999, to shareholders of record on July 15, 1999.Read More 06/30/1999
NEW YORK – June 30, 1999 – In response to inquiries, Starwood Financial Trust (ASE: APT), the leading publicly traded finance company focused exclusively on the commercial real estate industry, has said that it believes the recent price fluctuations in the company’s Class A shares are the result of Starwood Financial’s increased relative weighting in certain equity indices. The company has approximately 52 million Class A shares outstanding, approximately 600,000 of which are held by nonaffiliaRead More 06/16/1999
Merger creates preeminent, nationwide real estate finance company in public markets, with leading market positions in structured mortgage, mezzanine and credit lease financing
Transaction leverages complementary strengths, joining TriNet’s rated financing platform with Starwood’s proprietary origination capabilities and track record of growth
Combined company will have $5 billion total market capitalization and more than 250 borrower and corporate tenant relationships
NEW YORK and Read More 05/11/1999
Starwood Financial Announces Increased First Quarter Earnings And $150 Million Of Financing Transactions
-- First quarter 1999 earnings per share increased 54% to $0.43 from
$0.28 for the first quarter of 1998 (pro forma).
-- Net investment income grew 75% over first quarter 1998 (pro forma) to
$33.9 million.
-- Financing volume in the first quarter of 1999 totaled $150.2 million.
NEW YORK, May 11 /PRNewswire/ -- Starwood Financial Trust (Amex: Read More 04/01/1999
NEW YORK – April 1, 1999 – Starwood Financial Trust (ASE: APT), the leading publicly-traded finance company focused exclusively on the commercial real estate industry, today announced that its Board of Trustees has declared a regular quarterly cash dividend of $0.42 per Class A Share for the quarter ended March 31, 1999. This dividend represents a 2.4% increase from the dividend paid for the fourth quarter of 1998. The dividend is payable April 29, 1999, to shareholders of record on April 15, Read More
Earnings Report Earnings Supplemental
NEW YORK, Feb. 26, 2018 /PRNewswire/ -- iStar (NYSE: STAR) today reported results for the quarter and fiscal year ended December 31, 2017. The Company has also published a supplemental to this earnings release which is available at www.istar.com in the "Investors" section.
"2017 was a strong year for iStar. Our accomplishments include successfully delivering significant earnings, executing $2 billion of transformative capital markets transactRead More 02/05/2018
NEW YORK, Feb. 5, 2018 /PRNewswire/ -- iStar (NYSE: STAR) announced today that it will release its financial results for the fourth quarter and fiscal year 2017 on Monday, February 26, 2018, prior to the opening of the market.
The Company will host an earnings conference call reviewing these results and its operations beginning at 10:00 a.m. ET. This conference call will be broadcast live and can be accessed by all interested parties through iStar's website, www.istar.com, in the "Investors" Read More 11/02/2017
Earnings Report Earnings Supplemental
NEW YORK, Nov. 2, 2017 /PRNewswire/ -- iStar (NYSE: STAR) today reported results for the quarter ended September 30, 2017. The Company has also published a supplemental to this earnings release which is available at www.istar.com in the "Investors" section.
Highlights
Net income (loss) and adjusted income (loss) for the third quarter were $(0.48) and $(0.05), respectively, per diluted common share.
Executed a comprehensiRead More 10/09/2017
NEW YORK, Oct. 9, 2017 /PRNewswire/ -- iStar (NYSE: STAR) announced today that it will release its financial results for the third quarter 2017 on Thursday, November 2, 2017, prior to the opening of the market.
The Company will host an earnings conference call reviewing these results and its operations beginning at 10:00 a.m. ET. This conference call will be broadcast live over the internet and can be accessed by all interested parties through iStar's website, www.istar.com, in the "InvestorsRead More 08/03/2017
Earnings Report Earnings Supplemental
NEW YORK, Aug. 3, 2017 /PRNewswire/ -- iStar (NYSE: STAR) today reported results for the quarter ended June 30, 2017.
Highlights
Net income and adjusted income for the second quarter was $2.04 and $2.28, respectively, per diluted common share.
Successful IPO of Safety, Income & Growth Inc. (NYSE: SAFE), the first publicly traded company exclusively focused on ground leases.
Largest shareholder of SAFE (28% of sharRead More 07/31/2017
NEW YORK, July 31, 2017 /PRNewswire/ -- iStar (STAR) announced today that it will release its financial results for the second quarter 2017 on Thursday, August 3, 2017, prior to the opening of the market.The Company will host an earnings conference call reviewing these results and its operations beginning at 10:00 a.m. ET. This conference call will be broadcast live over the internet and can be accessed by all interested parties through iStar's website, www.istar.com, in the "Investors" section.Read More 05/04/2017
Earnings Report Earnings Supplemental
NEW YORK, May 4, 2017 /PRNewswire/ -- iStar (NYSE: STAR) today reported results for the quarter ended March 31, 2017.
Highlights
Net income (loss) and adjusted income (loss) for the first quarter was $(0.38) and $(0.16), respectively, per diluted common share.
Transactions consummated subsequent to the end of the first quarter are expected to generate an estimated $240 million of income in the second quarter.
2017 full Read More 04/19/2017
NEW YORK, April 19, 2017 /PRNewswire/ -- iStar (NYSE: STAR) announced today that it will release its financial results for the first quarter 2017 on Thursday, May 4, 2017, prior to the opening of the market.
The Company will host an earnings conference call reviewing these results and its operations beginning at 10:00 a.m. ET. This conference call will be broadcast live over the internet and can be accessed by all interested parties through iStar's website, www.istar.com, in the "Investors" sRead More 02/24/2017
Earnings Report
NEW YORK, Feb. 24, 2017 /PRNewswire/ -- iStar (NYSE: STAR) today reported results for the fiscal year ended December 31, 2016.
2016 Highlights
Company exceeded its target of 50% year-over-year earnings growth.
Net income (loss) for the fiscal year was $0.55 per diluted common share, versus $(0.62) for the prior year.
Adjusted income for the fiscal year was $1.15 per diluted common share, versus $0.35 for the prior year.
Originated $692 Read More 11/03/2016
Earnings Report - Net income grew to $0.44 per diluted common share from a loss of $(0.07) in the third quarter of last year.
- Adjusted income grew to $0.47 per diluted common share from $0.25 in the third quarter of last year.
NEW YORK, Nov. 3, 2016 /PRNewswire/ -- iStar (NYSE: STAR) today reported results for the third quarter ended September 30, 2016.
Third Quarter 2016 Results
iStar reported net income allocable to common shareholders for the third quarter of $46.3 milRead More 08/04/2016
Earnings Report - Net income grew to $0.37 per diluted common share from a loss of $(0.36) in the second quarter of last year.
- Adjusted income grew to $0.56 per diluted common share from $0.11 in the second quarter of last year.
- Common stock repurchases totaled 3.6 million shares, or 5% of shares outstanding; authorization for additional repurchases increased to $50 million.
NEW YORK, Aug. 4, 2016 /PRNewswire/ -- iStar (NYSE: STAR) today reported results for the second quaRead More 05/03/2016
Earnings Report - Adjusted income allocable to common shareholders was $3 million, or $0.04 per diluted common share.
- Repurchased 5.8 million shares of common stock during the first quarter.
- Company repaid $261 million of bonds with cash on hand and issued $275 million of new notes to refinance other 2016 maturities.
NEW YORK, May 3, 2016 /PRNewswire/ -- iStar (NYSE: STAR) today reported results for the first quarter ended March 31, 2016.
First Quarter 2016 Results
iRead More 04/13/2016
NEW YORK, April 13, 2016 /PRNewswire/ -- iStar (NYSE: STAR) announced today that it will release its financial results for the first quarter 2016 on Tuesday, May 3, 2016, prior to the opening of the market.
The Company will host an earnings conference call reviewing these results and its operations beginning at 10:00 a.m. ET. This conference call will be broadcast live over the internet and can be accessed by all interested parties through iStar's website, www.istar.com, in the "Investors" seRead More 02/25/2016
Earnings Report
Full year adjusted income allocable to common shareholders was $84 million, or $0.81 per diluted common share
Quarterly adjusted income allocable to common shareholders was $39 million, or $0.34 per diluted common share
Current unrestricted cash balance is approximately $650 million
Repurchased 9.2 million shares since the beginning of the fourth quarter through February 24th
NEW YORK, Feb. 25, 2016 /PRNewswire/ -- iStar (NYSE: STAR) today reported results for the Read More 02/16/2016
Fourth quarter 2015 adjusted income expected to be $0.32 - $0.36 per diluted common share.
Board of Directors approves new $50 million stock repurchase program.
NEW YORK, Feb. 16, 2016 /PRNewswire/ -- iStar (NYSE: STAR) today reported preliminary results for the fourth quarter and fiscal year ended December 31, 2015.
The Company expects to report adjusted income per diluted common share of $0.32 - $0.36 for the fourth quarter and $0.79 - $0.83 for the fiscal year. The Company expects tRead More 02/10/2016
NEW YORK, February 10, 2016 /PRNewswire/ -- iStar (NYSE: STAR) announced today that it will release its financial results for the fourth quarter and fiscal year of 2015 on Thursday, February 25, 2016, prior to the opening of the market.
The Company will host an earnings conference call reviewing these results and its operations beginning at 10:00 a.m. ET. This conference call will be broadcast live over the internet and can be accessed by all interested parties through iStar's website, www.isRead More 11/03/2015
Earnings ReleaseAdjusted income allocable to common shareholders was $28 million, or $0.25 per diluted common share.
Repurchased 3.2 million shares, net, of common stock and common stock equivalents for $30 million in cash; authorization for additional repurchases increased to $50 million.
NEW YORK, Nov. 3, 2015 /PRNewswire/ -- iStar (NYSE: STAR) today reported results for the third quarter ended September 30, 2015.
Third Quarter 2015 Results
iStar reported adjusted income allocRead More 10/13/2015
NEW YORK, Oct. 13, 2015 /PRNewswire/ -- iStar (NYSE: STAR) announced today that it will release its financial results for the third quarter of 2015 on Tuesday, November 3, 2015, prior to the opening of the market.
The Company will host an earnings conference call reviewing these results and its operations beginning at 10:00 a.m. ET. This conference call will be broadcast live over the internet and can be accessed by all interested parties through iStar's website, www.istar.com, in the "InvestRead More 08/04/2015
Earnings
Release- Adjusted income allocable to common shareholders was $10 million, or $0.11 per diluted common share.
- Originated $255 million of new investments.
- Company has commenced tender offer for all outstanding 2002, 2003 and 2004 high performance units (HPUs) covering approximately 2.8 million underlying common stock equivalents.
NEW YORK, Aug. 4, 2015 /PRNewswire/ -- iStar (NYSE: STAR) today reported results for the second quarter ended June 30, 2015.
SeconRead More 07/17/2015
NEW YORK, July 17, 2015 /PRNewswire/ -- iStar (NYSE: STAR) announced today that it will release its financial results for the second quarter of 2015 on Tuesday, August 4, 2015, prior to the opening of the market.
The Company will host an earnings conference call reviewing these results and its operations beginning at 10:00 a.m. ET. This conference call will be broadcast live over the internet and can be accessed by all interested parties through iStar's website, www.istar.com, in the "InvestoRead More 04/29/2015
Earnings Report- Adjusted income allocable to common shareholders grew to $9 million, versus a $(6) million loss for the first quarter of 2014.
- Originated $274 million of new investments.
- Closed on a new $250 million revolving credit facility.
- iStar to host an investor presentation on June 10th during NAREIT's REITWeek 2015.
NEW YORK, April 29, 2015 /PRNewswire/ -- iStar Financial Inc. (NYSE: STAR) today reported results for the first quarter ended March 31, 2015Read More 04/16/2015
NEW YORK, April 16, 2015 /PRNewswire/ -- iStar Financial Inc. (NYSE: STAR) announced today that it will release its financial results for the first quarter of 2015 on Wednesday, April 29, 2015, prior to the opening of the market.
The Company will host an earnings conference call reviewing these results and its operations beginning at 10:00 a.m. ET. This conference call will be broadcast live over the Internet and can be accessed by all interested parties through iStar Financial's website, wwwRead More 02/19/2015
Earnings Report
- Full year adjusted income allocable to common shareholders grew to $94 million from a $(22) million loss for 2013.
- Quarterly adjusted income allocable to common shareholders was $13 million, versus a $(19) million loss for the fourth quarter of 2013.
- Originated $456 million of investments during the fourth quarter, bringing total new originations for the year to $1.3 billion.
NEW YORK, Feb. 19, 2015 /PRNewswire/ -- iStar Financial Inc. (NYSE: STAR) todayRead More 01/29/2015
NEW YORK, Jan. 29, 2015 /PRNewswire/ -- iStar Financial Inc. (NYSE: STAR) announced today that it will release its financial results for the fourth quarter and fiscal year of 2014 on Thursday, February 19, 2015, prior to the opening of the market.
The Company will host an earnings conference call reviewing these results and its operations beginning at 10:00 a.m. ET. This conference call will be broadcast live over the Internet and can be accessed by all interested parties through iStar FinancRead More 10/28/2014
Earnings Report
- Adjusted income allocable to common shareholders grew to $58 million, versus a $(7) million loss for the third quarter of 2013.
- Net income allocable to common shareholders was $22 million, versus a $(31) million loss for the third quarter of 2013.
- Funded $206 million of investments during the quarter.
NEW YORK, Oct. 28, 2014 /PRNewswire/ -- iStar Financial Inc. (NYSE: STAR) today reported results for the third quarter ended September 30, 2014.
ThirRead More 10/15/2014
NEW YORK, Oct. 15, 2014 /PRNewswire/ -- iStar Financial Inc. (NYSE: STAR) announced today that it will release its financial results for the third quarter of 2014 on Tuesday, October 28, 2014, prior to the opening of the market.
The Company will host an earnings conference call reviewing these results and its operations beginning at 10:00 a.m. ET. This conference call will be broadcast live over the Internet and can be accessed by all interested parties through iStar Financial's website, www.Read More 07/29/2014
Earnings Report
- Adjusted income grew to $28.9 million, or $0.34 per diluted common share.
- Refinanced $1.3 billion of secured debt with longer term unsecured bonds, unencumbering $2.0 billion of high quality assets and enhancing the Company's liquidity profile.
- Funded $167 million of investments during the quarter.
NEW YORK, July 29, 2014 /PRNewswire/ -- iStar Financial Inc. (NYSE: STAR) today reported results for the second quarter ended June 30, 2014.
Second QuRead More 07/10/2014
NEW YORK, July 10, 2014 /PRNewswire/ -- iStar Financial Inc. (NYSE: STAR) announced today that it will release its financial results for the second quarter of 2014 on Tuesday, July 29, 2014, prior to the opening of the market.
The Company will host an earnings conference call reviewing these results and its operations beginning at 10:00 a.m. ET. This conference call will be broadcast live over the Internet and can be accessed by all interested parties through iStar Financial's website, www.isRead More 04/29/2014
Earnings Report-- Adjusted income (loss) allocable to common shareholders for the first quarter 2014 was $(5.5) million, or $(0.07) per diluted common share.
-- Funded $229 million of investments during the quarter.
-- Achieved key milestones on certain land projects in Los Angeles, New York and Florida.
NEW YORK, April 29, 2014 /PRNewswire/ -- iStar Financial Inc. (NYSE: STAR) today reported results for the first quarter ended March 31, 2014.
First Quarter 2014 Results
Read More 04/10/2014
NEW YORK, April 10, 2014 /PRNewswire/ -- iStar Financial Inc. (NYSE: STAR) announced today that it will release its financial results for the first quarter of 2014 on Tuesday, April 29, 2014, prior to the opening of the market.
The Company will host an earnings conference call reviewing these results and its operations beginning at 10:00 a.m. ET. This conference call will be broadcast live over the Internet and can be accessed by all interested parties through iStar Financial's website, www.iRead More 02/20/2014
Earnings Report
Company Forms New Net Lease Joint Venture
-- Adjusted income (loss) allocable to common shareholders was $(19) million for the fourth quarter 2013, compared to $(23) million for the fourth quarter 2012.
-- Early in 2014, iStar entered into a $500 million venture with a sovereign wealth fund that will seek to acquire up to $1.25 billion of net lease assets.
-- During the fourth quarter and through January, iStar closed $570 million of new investment commitments.
NEWRead More 02/07/2014
NEW YORK, Feb. 7, 2014 /PRNewswire/ -- iStar Financial Inc. (NYSE: STAR) announced today that it will release its financial results for the fourth quarter and fiscal year of 2013 on Thursday, February 20, 2014, prior to the opening of the market.
The Company will host an earnings conference call reviewing these results and its operations beginning at 10:00 a.m. ET. This conference call will be broadcast live over the Internet and can be accessed by all interested parties through iStar FinanciRead More 10/29/2013
Earnings Report
-- Adjusted income (loss) per diluted common share was ($0.09) for the third quarter 2013 versus ($0.31) per diluted common share for the third quarter 2012.
-- iStar funds $116 million of investments during the third quarter.
- iStar enters into letters of intent for $412 million of new investments.
NEW YORK, Oct. 29, 2013 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) today reported results for the third quarter ended September 30, 2013.
Third Quarter 2013 ResultsRead More 10/14/2013
NEW YORK, Oct. 14, 2013 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) announced today that it will release its financial results for the third quarter of 2013 on Tuesday, October 29, 2013, prior to the opening of the market.
The Company will host an earnings conference call reviewing these results and its operations beginning at 10:00 a.m. ET. This conference call will be broadcast live over the Internet and can be accessed by all interested parties through iStar Financial's website, www.iRead More 07/25/2013
Earnings Report
-- Adjusted income allocable to common shareholders for the second quarter 2013 was $4 million.
-- Company's investment commitment and fundings for the quarter total $190 million.
-- Ended quarter with over $700 million of cash available for future investments.
NEW YORK, July 25, 2013 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) today reported results for the second quarter ended June 30, 2013.
Second Quarter 2013 Results
iStar reported adjusted income (loss)Read More 07/17/2013
NEW YORK, July 17, 2013 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) announced today that it will release its financial results for the second quarter of 2013 on Thursday, July 25, 2013, prior to the opening of the market.
The Company will host an earnings conference call reviewing these results and its operations beginning at 10:00 a.m. ET. This conference call will be broadcast live over the Internet and can be accessed by all interested parties through iStar Financial's website, www.isRead More 04/30/2013
Earnings Report
-- Adjusted income (loss) allocable to common shareholders for the first quarter 2013 was ($0.3) million.
-- Net income (loss) allocable to common shareholders for the first quarter 2013 was ($41.3) million.
-- Company's current cash balance exceeds $700 million.
-- Non-performing loan balance reduced by approximately 30% during quarter.
NEW YORK, April 30, 2013 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) today reported results for the first quarter ended March Read More 04/11/2013
NEW YORK, April 11, 2013 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) announced today that it will release its financial results for the first quarter of 2013 on Tuesday, April 30, 2013, prior to the opening of the market.
The Company will host an earnings conference call reviewing these results and its operations beginning at 10:00 a.m. ET. This conference call will be broadcast live over the Internet and can be accessed by all interested parties through iStar Financial's website, www.isRead More 02/26/2013
Earnings Report
-- Adjusted income (loss) allocable to common shareholders for the fourth quarter and fiscal year 2012 was ($23) million and ($54) million, respectively.
-- Net income (loss) allocable to common shareholders for the fourth quarter and fiscal year 2012 was ($87) million and ($273) million, respectively.
-- During the quarter, the Company completed $2.3 billion in three separate capital markets transactions, reducing future interest costs and extending certain debt maturitiRead More 02/11/2013
NEW YORK, Feb. 11, 2013 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) announced today that it will release its financial results for the fourth quarter and fiscal year of 2012 on Tuesday, February 26, 2013, prior to the opening of the market.
The Company will host an earnings conference call reviewing these results and its operations beginning at 10:00 a.m. ET. This conference call will be broadcast live over the Internet and can be accessed by all interested parties through iStar FinancRead More 10/26/2012
Earnings Report
- Adjusted income (loss) allocable to common shareholders for the third quarter 2012 was ($26) million.
- Net income (loss) allocable to common shareholders for the third quarter 2012 was ($72) million or ($0.86) per diluted common share.
- Subsequent to quarter end, the Company completed a new $1.8 billion, five-year secured term loan to refinance its 2011 A-1 / A-2 facilities.
- In connection with the new financing, the Company's corporate family rating was upgraded Read More 10/16/2012
NEW YORK, Oct. 16, 2012 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) announced today that it will release its financial results for the third quarter of 2012 on Friday, October 26, 2012, prior to the opening of the market.
The Company will host an earnings conference call reviewing these results and its operations beginning at 10:00 a.m. ET. This conference call will be broadcast live over the Internet and can be accessed by all interested parties through iStar Financial's weRead More 07/27/2012
Earnings Report
-- Net income (loss) allocable to common shareholders for the second quarter 2012 was ($59) million or ($0.70) per diluted common share.
-- During the quarter, the Company issued $275 million of 9.0% senior unsecured notes due 2017.
-- Company retired $640 million of debt during the second quarter and had $707 million of cash, including cash reserved for debt repayment, at June 30, 2012.
-- During the quarter, the Company sold a portfolio of 12 net lease assets for $13Read More 07/13/2012
NEW YORK, July 13, 2012 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) announced today that it will release its financial results for the second quarter of 2012 on Friday, July 27, 2012, prior to the opening of the market.
The Company will host an earnings conference call reviewing these results and its operations beginning at 10:00 a.m. ET. This conference call will be broadcast live over the Internet and can be accessed by all interested parties through iStar Financial's website, www.isRead More 04/27/2012
Earnings Report
-- Net income (loss) allocable to common shareholders for the first quarter 2012 was ($55) million or ($0.66) per diluted common share.
-- Company completed new $880 million senior secured credit facilities.
-- Company retired $724 million of debt during the first quarter and had $610 million of cash, including cash reserved for debt repayment, at March 31, 2012.
NEW YORK, April 27, 2012 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) today reported results for the fiRead More 04/13/2012
NEW YORK, April 13, 2012 /PRNewswire via COMTEX/ --iStar Financial Inc. (NYSE: SFI) announced today that it will release its financial results for the first quarter of 2012 on Friday, April 27, 2012, prior to the opening of the market.
The Company will host an earnings conference call reviewing these results and its operations beginning at 10:00 a.m. ET. This conference call will be broadcast live over the Internet and can be accessed by all interested parties through iStar Financial's websitRead More 02/28/2012
Earnings Report- Net income (loss) allocable to common shareholders for the fourth quarter and fiscal year 2011 was ($35) million and ($62) million, respectively, or ($0.43) and ($0.70) per diluted common share, respectively.
- Company recorded $24 million and $69 million of loan loss provisions and impairments for the fourth quarter and fiscal year 2011, respectively, versus $58 million and $354 million for the fourth quarter and fiscal year 2010, respectively.
- Company launches syndicaRead More 02/01/2012
NEW YORK--(BUSINESS WIRE)--Feb. 1, 2012--
iStar Financial Inc. (NYSE: SFI) announced today that it will release
its financial results for the fourth quarter and fiscal year of 2011 on
Tuesday, February 28, 2012, prior to the opening of the market.
The Company will host an earnings conference call reviewing these
results and its operations beginning at 10:00 a.m. ET. This conference
call will be broadcast live over the Internet and can be acceRead More 10/27/2011
Earnings Report
- Net income (loss) allocable to common shareholders for the third quarter 2011 was ($62.2) million or ($0.71) per diluted common share.
- Company repurchased 12.1 million shares of its common stock during the quarter, reducing total common shares outstanding by 13.0% from the end of the prior quarter.
- Company recorded $19.1 million of loan loss provision and impairments for the quarter versus $83.8 million for the same period last year.
- Subsequent to quarter end, CompRead More 10/10/2011
NEW YORK, Oct. 10, 2011 /PRNewswire via COMTEX/ -- iStar Financial Inc. (NYSE: SFI) announced today that it will release its financial results for the third quarter of 2011 on Thursday, October 27, 2011, prior to the opening of the market.
The Company will host an earnings conference call reviewing these results and its operations beginning at 10:00 a.m. ET. This conference call will be broadcast live over the Internet and can be accessed by all interested parties through iStar Financial's wRead More 07/28/2011
Earnings Report
-- Net income (loss) allocable to common shareholders for the second quarter 2011 was ($35.5) million or ($0.38) per diluted common share.
-- Company recorded $13.1 million of loan loss provisions and impairments for the quarter versus $121.9 million for the same period last year.
-- Company continues to deleverage, retiring $684.6 million of debt during the quarter.
-- Company enters into new $120.0 million secured financing due 2021.
NEW YORK, July 28, 2011 /PRNewswire Read More 07/12/2011
NEW YORK, July 12, 2011 /PRNewswire via COMTEX/ --iStar Financial Inc. (NYSE: SFI) announced today that it will release its financial results for the second quarter of 2011 on Thursday, July 28, 2011, prior to the opening of the market.
The Company will host an earnings conference call reviewing these results and its operations beginning at 10:00 a.m. ET. This conference call will be broadcast live over the Internet and can be accessed by all interested parties through iStar Financial's webRead More 04/28/2011
Earnings Report
- Net income allocable to common shareholders for the first quarter 2011 was $67.4 million or $0.71 per diluted common share.
- Company completed new $2.95 billion senior secured credit facilities to refinance secured bank debt due in June 2011 and 2012 and repay a portion of unsecured debt.
- Company recorded $12.3 million of loan loss provisions and impairments for the quarter versus $95.4 million for the same period last year.
NEW YORK, April 28, 2011 /PRNewswire via CORead More 04/11/2011
NEW YORK, April 11, 2011 /PRNewswire via COMTEX/ --iStar Financial Inc. (NYSE: SFI) announced today that it will release its financial results for the first quarter of 2011 on Thursday, April 28, 2011, prior to the opening of the market.
The Company will host an earnings conference call reviewing these results and its operations beginning at 10:00 a.m. ET. This conference call will be broadcast live over the Internet and can be accessed by all interested parties through iStar Financial's weRead More 02/24/2011
Earnings Report
- Net income (loss) allocable to common shareholders for the fourth quarter and fiscal year 2010 was ($67.1) million and $36.3 million, respectively, or ($0.73) and $0.39 per diluted common share, respectively.
- Company recorded $57.7 million of loan loss provisions and impairments for the quarter versus $280.9 million for same period last year. Non-performing loans decreased to $1.4 billion of carrying value from $3.0 billion at the end of prior year.
- During the year, CRead More 02/15/2011
NEW YORK, Feb. 15, 2011 /PRNewswire via COMTEX/ --iStar Financial Inc. (NYSE: SFI), a publicly traded, fully-integrated finance and investment company focused on the commercial real estate industry, today announced that it will release its financial results for the fourth quarter and fiscal year of 2010 on Thursday, February 24, 2011, prior to the opening of the market.
The Company will host an earnings conference call reviewing these results and its operations beginning at 10:00 a.m. ET. Read More 10/28/2010
Earnings Report
-- Adjusted earnings (loss) allocable to common shareholders for the third quarter 2010 was ($70.9) million, or ($0.76) per diluted common share.
-- Net income (loss) allocable to common shareholders for the third quarter 2010 was ($83.5) million, or ($0.89) per diluted common share.
-- Company recorded $78.4 million of loan loss provisions for the quarter versus $109.4 million for the prior quarter.
-- Company fully repaid A-participation interest on Fremont portfolio.
-- Read More 10/08/2010
NEW YORK, Oct 08, 2010 /PRNewswire via COMTEX/ --iStar Financial Inc. (NYSE: SFI), a publicly traded finance company focused on the commercial real estate industry, today announced that it will release its financial results for the third quarter 2010 on Thursday, October 28, 2010, prior to the opening of the market.
The Company will host an earnings conference call reviewing these results and its operations beginning at 10:00 a.m. ET. This conference call will be broadcast live over the IntRead More 08/03/2010
Earnings Report
Company completes sale of portfolio comprised of 32 corporate tenant lease assets; recognizes $250.3 million gain associated with transaction; book value increases to $13.72 per common share.
Company retires $1.8 billion of debt during the quarter.
Adjusted earnings (loss) allocable to common shareholders for the second quarter 2010 was ($83.4) million, or ($0.89) per diluted common share.
Net income allocable to common shareholders for the second quarter 2010 was $2Read More 07/06/2010
NEW YORK - July 6, 2010 - iStar Financial Inc. (NYSE: SFI), a publicly traded finance company focused on the commercial real estate industry, today announced that it will release its financial results for the second quarter 2010 on Tuesday, August 3, 2010, prior to the opening of the market. The Company will host an earnings conference call reviewing these results and its operations beginning at 10:00 a.m. ET. This conference call will be broadcast live over the Internet and can be accesseRead More 04/29/2010
Earnings Report
Adjusted earnings (loss) allocable to common shareholders for the first quarter 2010 were ($24.2) million, or ($0.26) per diluted common share, compared with ($141.7) million, or ($1.47) per diluted common share for the fourth quarter 2009.
Net income (loss) allocable to common shareholders for the first quarter 2010 was ($25.4) million, or ($0.27) per diluted common share, compared with ($159.2) million, or ($1.65) per diluted common share for the fourth quarter 2009.
Read More 04/12/2010
NEW YORK, April 12, 2010 /PRNewswire via COMTEX/ --iStar Financial Inc. (NYSE: SFI), a publicly traded finance company focused on the commercial real estate industry, today announced that it will release its full financial results for the first quarter of 2010 on Thursday, April 29, 2010, prior to the opening of the market.
The Company will host an earnings conference call reviewing these results and its operations beginning at 10:00 a.m. ET. This conference call will be broadcast live over tRead More 02/17/2010
- Adjusted earnings (loss) allocable to common shareholders for the fourth quarter and fiscal year 2009 were ($141.7) million and ($688.8) million, respectively, or ($1.47) and ($6.88) per diluted common share, respectively.
- Net income (loss) allocable to common shareholders for the fourth quarter and fiscal year 2009 was ($159.2) million and ($788.6) million, respectively, or ($1.65) and ($7.88) per diluted common share, respectively.
- Company recorded $216.4 million of loan loss provisiRead More 02/05/2010
NEW YORK, Feb 05, 2010 /PRNewswire via COMTEX/ -- iStar Financial Inc. (NYSE: SFI), a leading publicly traded finance company focused on the commercial real estate industry, today announced that it will release its financial results for the fourth quarter and year-end 2009 on Wednesday, February 17, 2010, prior to the opening of the market.
The Company will host an earnings conference call reviewing these results and its operations beginning at 10:00 a.m. ET. This conference call will be broadRead More 10/30/2009
Adjusted earnings (loss) allocable to common shareholders for the third quarter was ($234.2) million, or ($2.37) per diluted common share.
Net income (loss) allocable to common shareholders for the third quarter was ($251.3) million, or ($2.55) per diluted common share.
Company records $345.9 million of loan loss provisions during the quarter versus $435.0 million during the prior quarter.
NEW YORK, Oct. 30 /PRNewswire-FirstCall/ -- iStar Financial Inc. (NYSE: SFI), a leading Read More 10/09/2009
NEW YORK, Oct. 9 /PRNewswire-FirstCall/ -- iStar Financial Inc. (NYSE: SFI), a leading publicly traded finance company focused on the commercial real estate industry, today announced that it will release its full financial results for the third quarter of 2009 on Friday, October 30, 2009, prior to the opening of the market.
The Company will host an earnings conference call reviewing these results and its operations beginning at 10:00 a.m. ET. This conference call will be broaRead More 07/31/2009
- Adjusted earnings (loss) allocable to common shareholders for the second
quarter was ($250.1) million, or ($2.51) per diluted common share
- Net income (loss) allocable to common shareholders for the second quarter
was ($284.2) million, or ($2.85) per diluted common share.
- Company records $435.0 million of loan loss provisions during the quarter versus $258.1 million during the prior quarter.
- Company exchanged $1.0 billion of existing unsecured notes Read More 07/09/2009
NEW YORK, July 9, 2009 /PRNewswire-FirstCall via COMTEX/ -- iStar Financial Inc. (NYSE: SFI), a leading publicly traded finance company focused on the commercial real estate industry, today announced that it will release its full financial results for the second quarter of 2009 on Friday, July 31, 2009, prior to the opening of the market.
The Company will host an earnings conference call reviewing these results and its operations beginning at 10:00 a.m. ET. This conference call will be broadcasRead More 04/30/2009
- Adjusted earnings (loss) allocable to common shareholders for the first
quarter was ($64.0) million, or ($0.61) per diluted common share.
- Net income (loss) allocable to common shareholders for the first quarter
was ($93.9) million, or ($0.89) per diluted common share.
- Company records $258.1 million of loan loss provisions during the
quarter versus $252.0 million during the prior quarter.
- Company completes $1.0 billion secured term loan and restructuring of
existingRead More 04/20/2009
NEW YORK, April 20 /PRNewswire-FirstCall/ -- iStar Financial Inc. (NYSE:
SFI), a leading publicly traded finance company focused on the commercial real
estate industry, today provided an update on certain key operating results for
its first quarter of 2009.
iStar reported adjusted earnings (loss) allocable to common shareholders
for the first quarter of ($61.9) million, or ($0.59) per diluted common share.
Net income (loss) allocable to common shareholders for the first quarter wasRead More 04/14/2009
NEW YORK, April 14 /PRNewswire-FirstCall/ -- iStar Financial Inc. (NYSE:
SFI), a leading publicly traded finance company focused on the commercial real
estate industry, today announced that it will release its full financial
results for the first quarter of 2009 on Thursday, April 30, 2009, prior to
the opening of the market.
The Company will host an earnings conference call reviewing these results
and its operations beginning at 10:00 a.m. ET. This conference call will be
broadcaRead More 02/26/2009
- Total revenues were $289.9 million and $1.4 billion for the fourth
quarter and fiscal year 2008, respectively.
- Company records $252.0 million of loan loss provisions during the
quarter versus $411.1 million during the prior quarter.
- Adjusted earnings (loss) allocable to common shareholders for the fourth
quarter and fiscal year were $12.7 million and ($352.0) million, respectively,
or $0.10 and ($2.68) per diluted common share, respectively.
- Net income (loss) allocRead More 01/23/2009
NEW YORK, Jan. 23 /PRNewswire-FirstCall/ -- iStar Financial Inc. (NYSE:
SFI), a leading publicly traded finance company focused on the commercial real
estate industry, today announced that it will release its financial results
for the fourth quarter and fiscal year 2008 on Thursday, February 26, 2009,
prior to the opening of the market.
The Company will host an earnings conference call reviewing these results
and its operations beginning at 10:00 a.m. ET. This conference call will Read More 10/30/2008
Thursday October 30, 7:00 am ET
- Total revenues were $341 million; up 5.3% from the prior quarter.
- Company records $411 million of loan loss provision during the quarter.
- Adjusted earnings (loss) for the quarter was ($285.9) million for common shareholders or ($2.15) per diluted common share.
- Net income (loss) allocable to common shareholders was ($305.8) million or ($2.30) per diluted common share for the quarter.
- Company updates full year 2008 adjusted earnings per diluted commRead More 10/14/2008
NEW YORK, Oct 14, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- iStar Financial Inc. (NYSE: SFI), a leading publicly traded finance company focused on the commercial real estate industry, today announced that it will release its financial results for the third quarter of 2008 on Thursday, October 30, 2008, prior to the opening of the market.
The Company will host an earnings conference call reviewing these results and its operations beginning at 10:00 a.m. ET. This conference call willRead More 07/31/2008
- Total revenues were $324 million, up 5.7% year-over-year.
- Company recognizes $308 million of net gains on asset sales; records
$217 million non-cash asset specific loan provisions and $45 million
non-cash mark-to-market impairments.
- Net income allocable to common shareholders was $20 million or $0.15 per
diluted common share for the quarter.
- Adjusted earnings plus net realized gains were $106 million or $0.79 per
diluted Read More 07/18/2008
Preliminary Earnings Estimates Reflect Increased Loan Provisions
Company to Recognize $300 Million of Gains on Sale of Assets
Company Maintains Liquidity of $1.4 Billion at Quarter End
NEW YORK, July 18 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, announced today that continued market
deterioration will impact second quarter earnings.
BRead More 07/02/2008
NEW YORK, July 2 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, today announced that it will release its
financial results for the second quarter of 2008 on Thursday, July 31, 2008,
prior to the opening of the market.
The Company will host an earnings conference call reviewing these results
and its operations beginning at 10:00 a.m. EDT. This conference call will be
broadcast livRead More 05/02/2008
- Adjusted earnings per diluted common share were $0.87 for the first
quarter 2008.
- Total revenues were $422.4 million; up 48% year-over-year.
- Company pays off interim facility used to finance acquisition of
Fremont.
- Company to recognize approximately $250 million gain on sale of
TimberStar Southwest joint venture.
- Company revises full year 2008 adjusted earnings per diluted common
share guidance to $3Read More 04/04/2008
NEW YORK, April 4, 2008 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, today announced that it will release its
financial results for the first quarter of 2008 on Friday, May 2, 2008, prior
to the opening of the market.
The Company will host an earnings conference call reviewing these results
and its operations beginning at 10:00 a.m. EDT. This conference call will be
broadcast lRead More 02/28/2008
- Total revenues reach $413.8 million and record $1.4 billion for the
fourth quarter and fiscal year 2007, respectively.
- Company records $134.9 million of non-cash mark-to-market impairments in
its Corporate Loan and Debt portfolio; also records loan loss provision
of $113.0 million in fourth quarter.
- Inclusive of non-cash impairments, adjusted earnings (loss) per diluted
common share were ($0.29) and $2.72 for the fourth quarter and fiRead More 01/28/2008
NEW YORK, Jan. 28 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, today announced that it will release its
financial results for the fourth quarter and fiscal year 2007 on Thursday,
February 28, 2008, prior to the opening of the market.
The Company will host an earnings conference call reviewing these results
and its operations beginning at 10:00 a.m. EST. This conference call willRead More 04/24/2007
--First quarter new financing commitments reached $1.7 billion in a record 44 separate transactions. -- Adjusted earnings per diluted common share were $0.93 for the first quarter 2007. -- Total revenues reached a record $290.8 million for the first quarter 2007, up 31% year-over year. -- Company announces strategic joint venture to further expand its European investment platform. -- Company affirms full year 2007 adjusted earnings per diluted common share guidance of $3.80 - $4.00 and diluted GRead More 04/10/2007
NEW YORK, April 10 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, today announced that it will release its
financial results for the first quarter 2007 on Tuesday, April 24, 2007, prior
to the opening of the market.
The Company will host an earnings conference call reviewing these results
and its operations beginning at 10:00 a.m. EDT. This conference call will be
broadcast live Read More 02/22/2007
Board of Directors Approves 7.1% Increase in Quarterly Dividend on Common
Stock
Fourth quarter new financing commitments reached $1.84 billion in 39
separate transactions, up 10% year-over-year.
2006 origination volume increased to $6.1 billion, up 29% year-over-
year, in 121 total financing commitments.
2006 net asset growth reached $2.5 billion; total assets reached $11.0
billion at year-end.
Adjusted earnings per diRead More 01/11/2007
NEW YORK, Jan. 11 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, today announced that it will release its
financial results for the fourth quarter and fiscal year 2006 on Thursday,
February 22, 2007, prior to the opening of the market.
The company will host an earnings conference call reviewing these results
and its operations beginning at 10:00 a.m. EST. This conference call willRead More 07/24/2003
Click here for a PDF version of this Earnings Release
* Adjusted earnings per diluted common share increases to a record $0.80 for second quarter 2003. * New financing activity totals $486.9 million in 13 separate transactions. * Cumulative repeat customer transactions increase to a record high. * First mortgage and first mortgage participation transactions comprise 86% of second quarter financing commitments. * iStar Financial completes another highly successful offering under its proprieRead More 10/24/2002
* Net investment income hits record high of $79.3 million, up 20% from third quarter 2001. * 2002 year-to-date net asset growth reaches $1.0 billion. * First mortgages comprise 77% of third quarter financing commitments. * Adjusted earnings per diluted share increases to $0.77, excluding non-cash charge. * Company receives investment-grade senior unsecured credit rating from Fitch Ratings. * Standard & Poor's and Moody's Investor Service raise iStar Financial's ratings outlook to "positive" for Read More 10/17/2002
NEW YORK, Oct 17, 2002 /PRNewswire-FirstCall via COMTEX/ -- iStar Financial
Inc. (NYSE: SFI) today announced that it will host a third quarter 2002 earnings
conference call at 10:00 a.m. Eastern time on Thursday, October 24, 2002. This
conference call will be broadcast live over the Internet and can be accessed by
all interested parties through iStar Financial's Web site,
http://www.istarfinancial.com, under the "investor relations" section. To listen
to the live call, please go to the WebRead More 04/25/2001
NEW YORK, April 25 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI)
reported adjusted earnings for the quarter ended March 31, 2001 of
$0.71 per diluted common share, up 10.9% from $0.64 per diluted share for the
quarter ended March 31, 2000. Adjusted earnings for the first quarter 2001
increased 13.5% to $61.7 million on a diluted basis, from $54.4 million for
first quarter 2000. Adjusted earnings represent GAAP net income before
depreciation and amortization.
Net income Read More 04/18/2001
NEW YORK, April 18 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI), the
leading publicly-traded finance company focused on the commercial real estate
industry, today announced that it will host a first quarter earnings
conference call at 11:00 a.m. Eastern time on Wednesday, April 25, 2001. This
conference call will be broadcast live over the Internet and can be accessed
by all interested parties through iStar Financial's Web site,
www.istarfinancial.com, under the "investor informRead More 04/12/2001
NEW YORK, April 12 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI),
announced that Standard & Poor's yesterday upgraded iStar Financial's senior
unsecured credit rating to BB+ from BB. In addition, Standard & Poor's raised
the ratings on iStar Financial's Series B, C and D preferred stock to B+ from
B. Spencer B. Haber, iStar Financial's Executive Vice President - Finance and
Chief Financial Officer, stated, "We view Standard & Poor's upgrade as another
affirmation of the strRead More 02/14/2001
NEW YORK, Feb. 14 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI)
reported that adjusted earnings for the quarter ended December 31, 2000
increased 15% to $0.69 per diluted common share, from $0.60 per diluted share
for the quarter ended December 31, 1999. Adjusted earnings for the
fourth quarter 2000 totaled $60.1 million on a diluted basis, up 32.6% from
$45.3 million for fourth quarter 1999. Adjusted earnings represent GAAP net
income before depreciation and amortization. Net incRead More 02/07/2001
NEW YORK, Feb. 7 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI), the
leading publicly-traded finance company focused on the commercial real estate
industry, today announced that it will host a fourth quarter earnings
conference call at 11:00 Eastern time on Wednesday, February 14, 2001. This
conference call will be broadcast live over the Internet and can be accessed
by all interested parties through iStar Financial's Web site,
www.istarfinancial.com, under the "investor infoRead More 01/10/2001
NEW YORK, Jan. 10 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI),
announced that Moody's Investors Service yesterday upgraded iStar Financial's
senior unsecured credit rating to Ba1 from Ba2. In addition, Moody's raised
the ratings on iStar Financial's Series B, C and D preferred stock to Ba3 from
Bl. Spencer B. Haber, iStar Financial's Executive Vice President -- Finance
and Chief Financial Officer, stated, "We are pleased with Moody's ratings
action and view it as anotherRead More 11/21/2000
NEW YORK, Nov. 21 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) today
announced the appointment of Diane Olmstead to her new position as
Executive Vice President - Investments. Ms. Olmstead joins iStar Financial's
San Francisco team and will focus on originating new investments in the
western United States. "Diane's industry knowledge and wealth of
relationships make her a valuable addition to our firm, and she will
immediately enhance our existing presence on the west coast," cRead More 10/26/2000
NEW YORK, Oct. 26 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI)
reported that adjusted earnings for the quarter ended September 30, 2000
increased 31% to $0.68 per diluted common share, from $0.52 per diluted share
for the quarter ended September 30, 1999. Adjusted earnings for the third
quarter 2000 totaled $58.9 million on a diluted basis, up 104% from
$28.9 million for third quarter 1999. Adjusted earnings represent GAAP net
income before depreciation and amortization. Net iRead More 10/19/2000
NEW YORK - October 19, 2000 - iStar Financial Inc. (NYSE: SFI), the leading publicly-traded finance company focused exclusively on the commercial real estate industry, today announced that it will host a third quarter earnings conference call at 11:00 Eastern time on Thursday, October 26, 2000. This conference call will be broadcast live over the Internet and can be accessed by all interested parties through iStar Financial’s Web site, www.istarfinancial.com, under the “investor information” seRead More 07/25/2000
NEW YORK, July 25 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI)
reported that adjusted earnings for the quarter ended June 30, 2000 increased
35% to $0.66 per diluted common share, from $0.49 per diluted share for the
quarter ended June 30, 1999. Adjusted earnings for the second quarter 2000
totaled $57.1 million, up 108% from $27.5 million for second quarter 1999.
Adjusted earnings represent GAAP net income before depreciation and
amortization. Net income allocable to common shRead More 02/09/2000
Fourth Quarter Adjusted Earnings Per Share Increase 33%
Fourth Quarter 1999 Adjusted Earnings Per Diluted Share Increased
33% to $0.60 From $0.45 for Fourth Quarter 1998
Fourth Quarter Net Investment Income Grew 87% Over 1998 to $53.4
Million
Financing Volume for Fourth Quarter 1999 Totaled $319.3 Million
Tangible Book Equity Capital Surpassed $1.8 Billion
NEW YORK, Feb. 9 /PRNewswire/ -- Starwood Financial Inc. (NYSE: SFI) reported that
adjusted earnings forRead More 11/12/1999
Starwood Financial Announces Third Quarter Results For TriNet Subsidiary
NEW YORK, Nov. 12 /PRNewswire/ -- Starwood Financial Inc. (NYSE: SFI - news )
announced today third quarter results for its subsidiary, TriNet Corporate
Realty Trust, Inc.
TriNet's third quarter results reflect its operations
prior to its merger with Starwood Financial, which closed on November 4, 1999.
TriNet's funds from operations (``FFO'') for the third quarter of 1999 were
$1.17 per diluted common shareRead More 11/12/1999
Starwood Financial Announces 24% Increase in Third Quarter Earnings Per Share -- Third quarter 1999 earnings per share increased 23.7% to $0.49 from $0.40 for third quarter 1998. -- Net investment income grew 40.0% over third quarter 1998 to $36.1 million. -- Financing volume since beginning of third quarter 1999 totaled $84.5 million. -- Tangible book equity capital surpassed $1.0 billion.
NEW YORK, Nov. 12 /PRNewswire/ -- Starwood Financial Inc. (NYSE: SFI - news ), the
leading pubRead More
NEW YORK, Sept. 21, 2017 /PRNewswire/ -- iStar (NYSE: STAR) announced that it has successfully completed a transformative set of capital markets transactions that have enhanced its capital structure and improved its earnings profile.
The comprehensive set of transactions address all parts of the Company's capital structure, resulting in iStar having:
Repaid all 2017 and 2018 debt maturities, leaving no corporate debt maturities for the next 21 months
Extended its weighted aveRead More 09/14/2017
NEW YORK, Sept. 14, 2017 /PRNewswire/ -- iStar (NYSE: STAR) announced today that it has agreed to sell at par $400.0 million aggregate principal amount of its 4.625% senior unsecured notes due 2020 and $400.0 million aggregate principal amount of its 5.25% senior unsecured notes due 2022.
iStar has also agreed to sell at par $250.0 million aggregate principal amount of its 3.125% senior convertible notes due 2022 in a separate private offering. The senior convertible notes will be convertibRead More 09/14/2017
NEW YORK, Sept. 14, 2017 /PRNewswire/ -- iStar (NYSE: STAR) announced today that it has launched an offering of $800 million aggregate principal amount of senior unsecured notes due 2020 and 2022, and a separate private offering of $250 million aggregate principal amount of senior convertible notes due 2022. The initial purchasers of the senior convertible notes will have the option to purchase up to an additional $37.5 million aggregate principal amount of the senior convertible notes. The ofRead More 09/11/2017
NEW YORK, Sept. 11, 2017 /PRNewswire/ -- iStar Inc. (NYSE: STAR) announced today that it has engaged J.P. Morgan, Barclays and Bank of America Merrill Lynch to arrange a repricing and extension of iStar's existing senior secured term loan facility. In connection with the repricing, iStar would utilize cash on hand to repay outstanding loans under the facility to reduce the facility's aggregate principal amount from $473 million to $400 million. The maturity date of the facility would be extendRead More 05/18/2017
NEW YORK, May 18, 2017 /PRNewswire/ -- iStar (NYSE: STAR) announced that Fitch Ratings launched coverage on iStar, assigning ratings for the Company's senior secured debt, senior unsecured debt and long-term issuer default rating with positive outlook. The following table summarizes Fitch's ratings:
Rating
Senior Secured Debt
BB+
Senior Unsecured Debt
BB
Long-Term Issuer Default Rating (IDR)
B+
Read More 03/08/2017
NEW YORK, March 8, 2017 /PRNewswire/ --iStar (NYSE: STAR) announced today that it has launched an offering, subject to market and other conditions, of $375 million aggregate principal amount of Senior Unsecured Notes due April 2022. The Company intends to use the net proceeds of the offering and cash on hand to repay in full its 5.85% Senior Notes due March 2017, to redeem in full its 9.00% Senior Notes due June 2017 and to pay related expenses.
BofA Merrill Lynch, J.P. Morgan, Barclays, CitiRead More 03/08/2017
NEW YORK, March 8, 2017 /PRNewswire/ -- iStar (NYSE: STAR) announced today that it has agreed to sell at par $375 million aggregate principal amount of its 6.00% Senior Unsecured Notes due April 2022. The Company intends to use the net proceeds of the offering and cash on hand to repay in full its 5.85% Senior Notes due March 2017, to redeem in full its 9.00% Senior Notes due June 2017 and to pay related expenses.
BofA Merrill Lynch, J.P. Morgan, Barclays, Citigroup, Morgan Stanley, Raymond JRead More 01/27/2017
NEW YORK, Jan. 27, 2017 /PRNewswire/ -- iStar (NYSE: STAR) announced today that it has received commitments from lenders to reprice its $497 million senior secured credit facility and increase the balance to $500 million. The term loan will now bear interest at an annual rate of LIBOR + 3.75% with a 1.00% LIBOR floor, a reduction from the prior rate of LIBOR + 4.50% with a 1.00% LIBOR floor. Call protection for lenders was reset for six months. All other terms of the facility, including its JuneRead More 01/23/2017
NEW YORK, Jan. 23, 2017 /PRNewswire/ -- iStar (NYSE: STAR) announced today that it has engaged J.P. Morgan, Barclays Capital and Bank of America Merrill Lynch to arrange a $450 million senior secured term loan facility to reprice and partially repay iStar's existing $497 million senior secured credit facility. The proposed facility will be collateralized by the same pool with the same 1.25x collateral coverage and the same maturity date as the existing facility.
J.P. Morgan is acting as LeadRead More 08/09/2016
NEW YORK, Aug. 9, 2016 /PRNewswire/ -- iStar (NYSE: STAR) announced today that it intends to upsize its senior secured credit facility by $50 million to $500 million. The additional debt will be issued at par. Proceeds from the upsize will be used to pay down outstanding borrowings on the Company's secured revolving credit facility.
The Company originally closed on the $450 million facility in June 2016. The terms of the facility will remain unchanged. The term loan bears interest at a rate Read More 06/23/2016
NEW YORK, June 23, 2016 /PRNewswire/ -- iStar (NYSE: STAR) announced today that that it has entered into a new $450 million senior secured credit facility due July 1, 2020. The new term loan bears interest at a rate of LIBOR plus 4.5% with a 1.0% LIBOR floor and was issued at 99.0% of par. Proceeds from the new facility will be used to refinance iStar's 2012 Secured Term Loan due March 2017, partially pay down outstanding borrowings on its Secured Revolving Credit Facility and pay related transaRead More 06/08/2016
NEW YORK, June 8, 2016 /PRNewswire/ -- iStar (NYSE: STAR) announced today that it has engaged J.P. Morgan, Barclays Capital and Bank of America Merrill Lynch to arrange a $450 million senior secured term loan facility for the Company. Proceeds from the new facility will be used to refinance iStar's 2012 Secured Term Loan due March 2017, partially pay down outstanding borrowings on its Secured Revolving Credit Facility and pay related transaction costs. Outstanding borrowings under the new faciliRead More 03/23/2016
NEW YORK, March 23, 2016 /PRNewswire/ --
iStar (NYSE: STAR) announced today that it has agreed to sell at par $275 million aggregate principal amount of its 6.50% Senior Unsecured Notes due July 2021. The Company intends to use the net proceeds of the offering primarily to repay in full its Senior Unsecured Notes due July 2016.
J.P. Morgan, Barclays, BofA Merrill Lynch and Wells Fargo Securities are the joint book-running managers for the offering. The notes will be issued pursuant to an Read More 03/23/2016
NEW YORK, March 23, 2016 /PRNewswire/ -- iStar (NYSE: STAR) announced today that it has launched an offering, subject to market and other conditions, of $250 million aggregate principal amount of Senior Unsecured Notes due 2021. The Company intends to use the net proceeds of the offering, together with cash on hand, to repay in full its 3.875% Senior Unsecured Notes due July 2016.
J.P. Morgan, BofA Merrill Lynch, Barclays and Wells Fargo Securities are the joint book-running managers for the Read More 12/21/2015
NEW YORK, Dec. 21, 2015 /PRNewswire/ -- iStar (NYSE: STAR) announced today that its Board of Directors approved a new $50 million stock repurchase program. The Company has used substantially all of the availability under its previous $50 million stock repurchase program over the past three months.
The Company may repurchase its common stock from time to time in the open market, through privately negotiated transactions and through one or more trading plans.
* * Read More 09/21/2015
NEW YORK, Sept. 21, 2015 /PRNewswire/ -- iStar (NYSE: STAR) announced today that its Board of Directors approved an increase in the Company's stock repurchase program to $50.0 million. The Company's stock repurchase program had remaining availability of $28.5 million at June 30, 2015. In recent weeks, the Company repurchased $18.5 million of common stock, leaving approximately $10.0 million of remaining availability prior to today's Board action.
The Company may repurchase its common stock frRead More 06/10/2014
NEW YORK, June 10, 2014 /PRNewswire/ -- iStar Financial Inc. (NYSE: STAR) announced today that it has agreed to sell at par $550 million aggregate principal amount of its unsecured 4.00% Senior Notes due November 2017 and $770 million aggregate principal amount of its unsecured 5.00% Senior Notes due July 2019. The Company intends to use the net proceeds of the offering, together with cash on hand, to repay in full all amounts outstanding under, and terminate, its 2013 Secured Credit Facility duRead More 06/09/2014
NEW YORK, June 9, 2014 /PRNewswire/ -- iStar Financial Inc. (NYSE: STAR) announced today that it has launched an offering, subject to market and other conditions, of $1.32 billion aggregate principal amount of unsecured Senior Notes due 2017 and 2019. The Company intends to use the net proceeds of the offering, along with available cash on hand, to repay in full all amounts outstanding under, and terminate, its 2013 Secured Credit Facility due 2017.
BofA Merrill Lynch, Barclays and J.P. MorgaRead More 11/13/2013
NEW YORK, Nov. 13, 2013 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) announced today that it has agreed to sell $175 million aggregate principal amount of 1.50% Convertible Senior Notes due November 15, 2016. The Company has also granted the initial purchasers a 30-day option to purchase up to an additional $25 million aggregate principal amount of the notes on the same terms and conditions. The Company intends to use the net proceeds of the offering, along with available cash on hand, to rRead More 11/13/2013
NEW YORK, Nov. 13, 2013 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) announced today that it has launched a private offering, subject to market and other conditions, of $175 million of Convertible Senior Notes due November 15, 2016, plus up to an additional $25 million of Convertible Senior Notes if the initial purchasers exercise their option to purchase additional notes in full. The Company intends to use the net proceeds of the offering, along with available cash on hand, to redeem its $2Read More 09/25/2013
NEW YORK, Sept. 25, 2013 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) announced today that its Board of Directors approved an increase of the Company's stock repurchase program. The authorization raises the repurchase limit to $50 million from the $16 million remaining under the previously approved plan. The Company may repurchase its common stock from time to time in the open market, through privately negotiated transactions and may also make purchases through a 10b5-1 trading plan.
* Read More 05/07/2013
NEW YORK, May 7, 2013 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) announced today that it has launched an offering, subject to market and other conditions, of $250 million of unsecured Senior Notes due July 2016. The Company intends to use the net proceeds of the offering to redeem its $97 million aggregate principal amount of 8.625% unsecured Senior Notes due June 2013 and the remainder of the net proceeds to redeem a portion of its 5.95% unsecured Senior Notes due October 2013.
BofARead More 05/07/2013
NEW YORK, May 7, 2013 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) announced today that it has agreed to sell at par $265 million aggregate principal amount of unsecured 3.875% Senior Notes due July 2016. Based on investor demand, the Company also agreed to sell at par $300 million aggregate principal amount of unsecured 4.875% Senior Notes due July 2018. The Company will use the net proceeds of the offerings to pay the remaining $97 million aggregate principal amount outstanding of its 8.Read More 03/12/2013
NEW YORK, March 12, 2013 /PRNewswire via COMTEX/ --iStar Financial Inc. (NYSE: SFI) announced today that it has launched an offering, subject to market and other conditions, of 3,000,000 shares, or $150 million aggregate liquidation preference, of its Series J Cumulative Convertible Perpetual Preferred Stock ("Series J Convertible Preferred Stock"). The underwriters have the option to purchase up to 450,000 additional shares, or $22.5 million aggregate liquidation preference, of Series J ConveRead More 03/12/2013
NEW YORK, March 12, 2013 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) announced today that it has priced an offering of 3,500,000 shares, or $175 million aggregate liquidation preference, of its 4.5% Series J Cumulative Convertible Perpetual Preferred Stock ("Series J Convertible Preferred Stock"). The underwriters have the option to purchase up to 500,000 additional shares, or $25 million aggregate liquidation preference, of Series J Convertible Preferred Stock. The Company intends to useRead More 02/07/2013
NEW YORK, Feb. 7, 2013 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) announced today that it has received commitments from lenders to reprice its $1.82 billion senior secured credit facility due October 2017. The term loan will now bear interest at an annual rate of LIBOR + 3.50% with a 1.00% LIBOR floor, a reduction from the prior rate of LIBOR + 4.50% with a 1.25% LIBOR floor. In connection with the repricing, the Company will pay lenders a prepayment fee of 1.0% of the apprRead More 01/30/2013
NEW YORK, Jan. 30, 2013 /PRNewswire/ --iStar Financial Inc. (NYSE: SFI) announced today that it is launching a refinancing of its $1.82 billion senior secured credit facility. The current outstanding amount of the facility is approximately $1.71 billion as a result of approximately $108 million of repayments on the underlying collateral. Under the proposed refinancing, all of the terms of the existing credit facility would remain the same, except that the pricing terms would be Read More 11/07/2012
NEW YORK, Nov. 7, 2012 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) announced today that it has launched concurrent offerings, subject to market and other conditions, of $250 million of unsecured Senior Notes due 2018 and $100 million of unsecured Convertible Senior Notes due 2016, plus up to an additional $15 million of Convertible Senior Notes if the underwriters exercise their option to purchase additional notes in full. The Company intends to use the net proceeds of the offerings to rRead More 11/07/2012
NEW YORK, Nov. 7, 2012 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) announced today that it has agreed to sell $300 million aggregate principal amount of unsecured 7.125% Senior Notes due 2018 and $175 million aggregate principal amount of 3.00% Convertible Senior Notes due 2016 in concurrent public offerings, both at par. The Company will use the net proceeds of the offerings to redeem the remaining $67 million aggregate principal amount of its 6.5% Senior Notes due 2013 and the remaindeRead More 10/15/2012
NEW YORK, Oct. 15, 2012 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) announced today that it has entered into a new $1.82 billion senior secured credit facility due October 15, 2017. The new term loan bears interest at a rate of LIBOR plus 4.50% with a 1.25% LIBOR floor and was issued at 99.0% of par. Proceeds from the new financing will be used to refinance the remaining balances of the Company's existing 2011 A-1 / A-2 secured credit facilities in their entirety.
"With this transactioRead More 10/04/2012
NEW YORK, Oct. 4, 2012 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) announced today that Moody's Investors Service upgraded iStar's corporate family rating to B2 from B3. In addition, Moody's assigned a B1 rating to the Company's proposed $1.8 billion senior secured term loan and upgraded the A-1 and A-2 tranches of the Company's 2012 senior secured facilities to Ba3 and B1, respectively. Moody's also raised the ratings on iStar's senior unsecured credit rating to B3 as well as all series Read More 09/28/2012
NEW YORK, Sept. 28, 2012 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) announced today that it has engaged J.P. Morgan, Barclays Capital and Bank of America Merrill Lynch to arrange a $1.8 billion refinancing of its 2011 senior secured credit facility. The 2011 facility is comprised of two tranches of loans scheduled to mature in 2013 and 2014, respectively. The new facility would refinance the entire remaining balance of the 2011 facility with a new senior secured first lien term loan due Read More 05/16/2012
NEW YORK, May 16, 2012 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) announced today that its Board of Directors approved a new stock repurchase program. The program authorizes the Company to repurchase up to $20 million of its common stock from time to time in the open market and privately negotiated transactions. The Company may make purchases through a 10b5-1 trading plan.
* * *
iStar Financial Inc. (NYSE: SFI) is a fully-integrated finance and investment companRead More 05/03/2012
NEW YORK, May 3, 2012 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) announced today that it has agreed to sell $275 million aggregate principal amount of its 9.00% Senior Notes due 2017 (the "Notes") at 98.012% of their principal amount in a private offering. iStar will use the net proceeds from the offering to repay unsecured indebtedness maturing in 2012.
The Notes were offered only to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933Read More 03/20/2012
NEW YORK, March 20, 2012 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) announced today that it has agreed to repurchase $109 million aggregate principal amount of its convertible notes due October 2012 from an institutional investor at a discount to par in a private transaction. The Company will use a portion of the proceeds from its new $880 million facility to fund the transaction.
* * *
iStar Financial Inc. (NYSE: SFI) is a fully-integrated finance and investmenRead More 03/19/2012
NEW YORK, March 19, 2012 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) announced today that it has entered into a new $880 million senior secured credit agreement providing for two tranches of term loans: a $410 million 2012 A-1 tranche due March 19, 2016, which bears interest at a rate of LIBOR plus 4.00%, and a $470 million 2012 A-2 tranche due March 19, 2017, which bears interest at a rate of LIBOR plus 5.75%. The 2012 A-1 and A-2 tranches were issued at 98.0% of par and 98.5% of par, reRead More 08/08/2011
NEW YORK, Aug. 8, 2011 /PRNewswire via COMTEX/ --iStar Financial Inc. (NYSE: SFI) announced today that its Board of Directors approved a new stock repurchase program. The program authorizes the Company to repurchase up to $65 million of its common stock from time-to-time in the open market and privately negotiated transactions. The Company intends to enter into a 10b5-1 trading plan through which it may make purchases of its common stock.
The Company's prior stock repurchase program, which Read More 03/17/2011
NEW YORK, March 17, 2011 /PRNewswire via COMTEX/ --iStar Financial Inc. (NYSE: SFI) announced today that it has entered into a new $2.95 billion senior secured credit agreement providing for two tranches of term loans: a $1.50 billion A-1 tranche due June 28, 2013, which bears interest at a rate of LIBOR plus 3.75%, and a $1.45 billion A-2 tranche due June 30, 2014, which bears interest at a rate of LIBOR plus 5.75%. Both tranches include a LIBOR floor of 1.25%.
"The financing announced todRead More 02/22/2011
NEW YORK, Feb. 22, 2011 /PRNewswire via COMTEX/ --iStar Financial Inc. (NYSE: SFI) announced today that it has engaged J.P. Morgan to arrange up to $3.0 billion in new senior secured credit facilities, the proceeds of which would be used to refinance the Company's secured loan facilities due to mature in June 2011 and 2012, as well as repay a portion of the Company's unsecured debt maturing in 2011. The proposed new credit facilities may be divided into tranches with differing interest rates anRead More 12/07/2010
NEW YORK, Dec. 7, 2010 /PRNewswire via COMTEX/ --iStar Financial Inc. (NYSE: SFI), a publicly traded finance company focused on the commercial real estate industry, announced today that it has called for redemption of its approximately $312 million remaining principal amount of 10% Second Priority Senior Secured Guaranteed Notes due 2014.
The notes are redeemable at 100% of par value plus accrued but unpaid interest to, but not including, the redemption date. The redemption date will be JanRead More 05/07/2009
NEW YORK, May 7 /PRNewswire-FirstCall/ -- iStar Financial Inc. (NYSE: SFI)
announced today the final results of its previously announced private offers
to exchange a portion of the Company's existing senior unsecured notes (the
"Old Notes") for new second-lien senior secured notes issued by the Company
and guaranteed by certain of its subsidiaries, as well as the Company's cash
tender offer to purchase a portion of its outstanding Series B Senior Floating
Rate Notes due September 2009 Read More 04/23/2009
NEW YORK, April 23, 2009 /PRNewswire-FirstCall via COMTEX/ -- iStar Financial Inc. (NYSE: SFI) announced today that it has increased the consideration it will pay to holders of Priority 1 Notes in its previously announced private exchange offers. The Priority 1 Notes consist of the Company's Senior Floating Rate Notes due March 2010 and 5.375% Senior Notes due April 2010.
iStar is now offering to exchange each $1,000 principal amount of Priority 1 Notes validly tendered pursuant to the private Read More 04/09/2009
NEW YORK, April 9, 2009 /PRNewswire-FirstCall via COMTEX/ -- iStar Financial Inc. (NYSE: SFI) announced today that it has commenced private offers to exchange a portion of the Company's existing senior unsecured notes for up to $1.0 billion aggregate principal amount of new second-lien senior secured notes to be issued by the Company and guaranteed by certain of its subsidiaries. Concurrently with the exchange offers, the Company is also making an offer to purchase for cash a portion of the CompRead More 03/16/2009
Company Board of Directors Approves Stock Repurchase Program
NEW YORK, March 16 /PRNewswire-FirstCall/ -- iStar Financial Inc. (NYSE:
SFI), a leading publicly traded finance company focused on the commercial real
estate industry, announced today that it has completed its previously
announced new secured term loan facility and restructuring of its existing
unsecured revolving credit facilities.
New $1 Billion Delayed Draw Secured Credit Agreement
The Company announced that Read More 05/16/2008
NEW YORK, May 16 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, announced today that it has agreed to sell
$750 million aggregate principal amount of 8.625% Senior Notes due 2013. The
Notes are senior unsecured debt securities of the Company and will rank
equally with all of the Company's other senior unsecured debt. Interest is
payable semi-annually on each June 1 and December 1, comRead More 12/13/2007
NEW YORK, Dec. 13 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, announced today that it has priced an
offering of eight million shares of its common stock at a price to public of
$28.41 per share, after increasing the size of the offering in response to
investor demand. All of the shares were offered by the Company. The net
proceeds after deducting underwriting discounts and commissiRead More 12/12/2007
NEW YORK, Dec. 12 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, announced today that it has commenced an
underwritten public offering of 6 million shares of its common stock. The
Company intends to grant the underwriters an option to purchase up to 900,000
additional shares to cover over-allotments.
The Company intends to use the net proceeds from the offering to repay
outstandiRead More 11/13/2007
NEW YORK, Nov. 13 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, today announced that a registration statement
on Form S-1 has been filed with the Securities and Exchange Commission for an
initial public offering of the common stock of iStar Acquisition Corp.
iStar will discuss the filing in a conference call beginning at 10:00 a.m.
EST today. This conference call will be broadcasRead More 10/10/2007
NEW YORK, Oct. 10 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, announced today the pricing of $800 million
aggregate principle amount of its convertible senior floating rate notes due
2012. These Notes priced at par, mature on October 1, 2012, and will bear
interest at a rate per annum equal to 3-month LIBOR plus 0.50%. The offering
is expected to close on October 15, 2007.
TheRead More 10/09/2007
NEW YORK, Oct. 9 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, announced today its intention to commence an
underwritten public offering, subject to market conditions, of convertible
senior floating rate notes due 2012.
The Notes will be senior unsecured obligations of the Company and will
rank equally with all of the Company's other senior unsecured indebtedness.
iStar expects Read More 08/01/2007
NEW YORK, Aug 01, 2007 /PRNewswire-FirstCall via COMTEX News Network/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, announced today that it intends to
reactivate its previously authorized stock repurchase program. As described in
the Company's Securities and Exchange documents, under the existing program,
the Company may currently purchase up to 2.7 million shares of common stock
from time to time through openRead More 03/06/2007
NEW YORK, March 6, 2007 /PRNewswire-FirstCall via COMTEX News Network/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, announced today that it has agreed to sell
$1.05 billion of senior unsecured notes; comprising two series of Fixed Rate
Senior Notes totaling $550 million and $500 million of Floating Rate Notes.
All of the Notes are senior unsecured debt securities of the Company.
The Company has agreed to sellRead More 01/09/2007
NEW YORK, Jan. 9 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI) announced today that pursuant to its previously announced consent
solicitation for certain series of its outstanding senior Notes, the Company
has received the requisite consents to adopt the proposed amendments to the
indentures governing each series of Notes.
The table below presents the results of the consent solicitation.
Securities Amount Outstanding % ConsentiRead More 01/04/2007
NEW YORK, Jan. 4 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI)
announced today that it has further extended the consent expiration date with
respect to a consent solicitation for its 7.000% Senior Notes due 2008, 4.875%
Senior Notes due 2009, 6.000% Senior Notes due 2010, 5.125% Senior Notes due
2011, 6.500% Senior Notes due 2013 and 5.700% Senior Notes due 2014 to 5:00
p.m. New York City time, on January 9, 2007, unless terminated or further
extended.
As of 5:00 p.m. New York Read More 01/03/2007
NEW YORK, Jan. 3 /PRNewswire-FirstCall/ -- iStar Financial Inc. (NYSE:
SFI), announced today that it has extended the consent expiration date with
respect to a consent solicitation for its 7.000% Senior Notes due 2008, 4.875%
Senior Notes due 2009, 6.000% Senior Notes due 2010, 5.125% Senior Notes due
2011, 6.500% Senior Notes due 2013 and 5.700% Senior Notes due 2014 to 5:00
p.m. New York City time, on January 3, 2007, unless terminated or further
extended.
As of 5:00 p.m. New YoRead More
NEW YORK, Nov. 22, 2017 /PRNewswire/ -- iStar (NYSE: STAR) announced today that Geoffrey G. Jervis, chief operating officer and chief financial officer, will present at the 2017 Bank of America Merrill Lynch Leveraged Finance Conference in Boca Raton, FL on Wednesday, November 29, 2017 at 7:30 am ET.
iStar's remarks will be broadcast live and can be accessed by all interested parties through iStar's website, www.istar.com, in the "Investors" section. For those who are not able to listen to thRead More 06/06/2017
NEW YORK, June 6, 2017 /PRNewswire/ -- iStar (NYSE: STAR) announced today that Geoffrey G. Jervis, chief operating officer and chief financial officer, will present at the Barclays High Yield Bond & Syndicated Loan Conference in Colorado Springs, CO on Thursday, June 8, 2017 at 4:45 pm MT / 6:45 pm ET.
iStar's presentation will be broadcast live over the internet and can be accessed by all interested parties through iStar's website, www.istar.com, in the "Investors" section. For those whoRead More 05/26/2017
NEW YORK, May 26, 2017 /PRNewswire/ --
iStar (NYSE: STAR) announced today that Geoffrey G. Jervis, chief operating officer and chief financial officer, will present at REITWeek 2017: NAREIT's Investor Forum in New York, NY on Tuesday, June 6, 2017 at 3:45 pm ET.
iStar's remarks will be broadcast live over the internet and can be accessed by all interested parties through iStar's website, www.istar.com, in the "Investors" section. For those who are not able to listen to the live broadcast,Read More 05/23/2017
NEW YORK, May 23, 2017 /PRNewswire/ --
iStar (NYSE: STAR) announced today that Geoffrey G. Jervis, chief operating officer and chief financial officer, will present at the 2017 Keefe, Bruyette & Woods Mortgage Finance Conference in New York, NY on Thursday, June 1, 2017 at 10:55 am ET.
iStar's remarks will be broadcast live over the internet and can be accessed by all interested parties through iStar's website, www.istar.com, in the "Investors" section. For those who are not able to lRead More 02/13/2017
NEW YORK, Feb. 13, 2017 /PRNewswire/ -- iStar (NYSE: STAR) announced today that it will release its financial results for the fiscal year 2016 on Friday, February 24, 2017, prior to the opening of the market.
The Company will host an earnings conference call reviewing these results and its operations beginning at 10:00 a.m. ET. This conference call will be broadcast live over the internet and can be accessed by all interested parties through iStar's website, www.istar.com, in the "Investors" Read More 10/17/2016
NEW YORK, Oct. 17, 2016 /PRNewswire/ -- iStar (NYSE: STAR) announced today that it will release its financial results for the third quarter 2016 on Thursday, November 3, 2016, prior to the opening of the market.
The Company will host an earnings conference call reviewing these results and its operations beginning at 10:00 a.m. ET. This conference call will be broadcast live over the internet and can be accessed by all interested parties through iStar's website, www.istar.com, in the "InvestorRead More 07/19/2016
NEW YORK, July 19, 2016 /PRNewswire/ -- iStar (NYSE: STAR) announced today that it will release its financial results for the second quarter 2016 on Thursday, August 4, 2016, prior to the opening of the market.
The Company will host an earnings conference call reviewing these results and its operations beginning at 10:00 a.m. ET. This conference call will be broadcast live over the internet and can be accessed by all interested parties through iStar's website, www.istar.com, in the "InvestorsRead More 05/28/2013
NEW YORK, May 28, 2013 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) will participate in a moderated discussion at REITWeek 2013: NAREIT's Investor Forum on Wednesday, June 5, 2013 at the Hilton Chicago in Chicago, IL. The presentation is scheduled to begin at 11:00 a.m. central time (12:00 p.m eastern time).
iStar Financial's participation will be broadcast live over the Internet and can be accessed through the Company's website, www.istarfinancial.com. To listen, please go to the websiteRead More 06/03/2009
NEW YORK, June 3 /PRNewswire-FirstCall/ -- iStar Financial Inc. (NYSE:
SFI), a leading publicly traded finance company focused on the commercial real
estate industry, will participate in a moderated discussion at REITWeek 2009:
NAREIT's Investor Forum on Thursday, June 4, 2009 in New York, NY, at 2:00
p.m. ET.
iStar Financial's participation will be broadcast live over the Internet
and can be accessed through the Company's website, www.istarfinancial.com. To
listen, please go to tRead More 06/02/2008
NEW YORK, June 2 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, will participate in a moderated discussion at
REITWeek 2008: NAREIT's Investor Forum on Wednesday, June 4, 2008 in New York,
NY, at 4:15 p.m. ET.
iStar Financial's participation will be broadcast live over the Internet
and can be accessed through the Company's website, www.istarfinancial.com. To
listen, please go to Read More 05/13/2008
NEW YORK, May 13 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, will participate in a moderated discussion at
the 18th American Financial Services Association Finance Industry Conference
for Fixed Income Investors today, May 13, 2008 in Boston, MA, at 2:00 p.m. ET.
iStar Financial's participation will be broadcast live over the Internet
and can be accessed through the Company's weRead More 03/07/2008
NEW YORK, March 7 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, announced today that the Company's Board of
Directors has declared a regular quarterly cash dividend on its common stock
of $0.87 per share for the quarter ending March 31, 2008. The $0.87 dividend
is payable on April 30, 2008 to holders of record at the close of business on
March 17, 2008.
The Company will host a cRead More 01/28/2008
NEW YORK, Jan. 28 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, will participate in a moderated discussion at
the Citigroup 2008 Financial Services Conference on Tuesday, January 29, 2008
in New York, NY, at 2:45 p.m. EST.
iStar Financial's participation will be broadcast live over the
Internet and can be accessed through the Company's website,
http://www.istarfinancial.com. To Read More 12/05/2007
NEW YORK, Dec. 5 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, will host an Investor Day in New York City on
Thursday, December 6, 2007.
The event will feature presentations by the iStar executive team, a panel
discussion on construction financing and a moderated Q&A discussion with
senior management. Presentations are scheduled to begin at 2:00 p.m. EST and
run through 5:00 p.mRead More 11/06/2007
Board of Directors Approves 5% Increase in Quarterly Dividend on Common Stock
- Adjusted earnings reach record of $1.07 per diluted common share, up 19%
year-over-year.
- Total revenues reach a record $419.4 million, up 68% year-over-year.
- Company expects fiscal year 2007 adjusted earnings per diluted common
share of $4.00 - $4.10 and diluted GAAP earnings per diluted common
share of $2.80 - $2.90.
- Company announces fiscal year 200Read More 10/15/2007
NEW YORK, Oct 15, 2007 /PRNewswire-FirstCall via COMTEX News Network/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, today announced that it will release its
financial results for the third quarter 2007 on Tuesday, November 6, 2007,
prior to the opening of the market.
The Company will host an earnings conference call reviewing these results
and its operations beginning at 10:00 a.m. EST. This conference call wiRead More 07/30/2007
Adjusted earnings per diluted common share up 12% year-over-year to
$1.02.
New financing commitments totaled $1.8 billion in 36 separate
transactions.
Total revenues reached a record $317.3 million, up 33% year-over-year.
Subsequent to quarter end, the Company closed on its previously
announced acquisition of the commercial real estate lending business
from Fremont Investment & Loan.
Company increases fiscal year 2007 guidance for adjusted earnings per
Read More 07/11/2007
NEW YORK, July 11, 2007 /PRNewswire-FirstCall via COMTEX News Network/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, today announced that it will release its
financial results for the second quarter 2007 on Monday, July 30, 2007, prior
to the opening of the market.
The Company will host an earnings conference call reviewing these results
and its operations beginning at 10:00 a.m. EDT. This conference call willRead More 06/04/2007
NEW YORK, June 4 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, will participate in a moderated discussion at
REITWeek(TM) 2007: NAREIT Investor Forum on Wednesday, June 6, 2007 in New
York, NY at 9:30 a.m. EDT.
iStar Financial's participation will be broadcast live over the Internet
and can be accessed through the Company's website, www.istarfinancial.com. To
listen, please go tRead More 01/30/2007
NEW YORK, Jan. 29 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, will participate in a moderated discussion at
the 2007 Citigroup Financial Services Conference on Tuesday, January 30, 2007
in New York, NY, at 11:15 a.m. EST.
iStar Financial's participation will be broadcast live over the Internet
and can be accessed through the Company's website,
http://www.istarfinancial.com. TRead More
NEW YORK, Feb. 15, 2018 /PRNewswire/ -- iStar (NYSE: STAR) announced today that the Company's Board of Directors has declared quarterly dividends on the Company's outstanding shares of Preferred Stock. For all four series of Preferred Stock, dividends are payable on March 15, 2018 to holders of record on March 1, 2018.
Series of Preferred Stock
Liquidation
Preference
Dividend
Per Share
8.00% Series D Preferred Stock
$25.00
$0.50
Read More 01/22/2018
NEW YORK, Jan. 22, 2018 /PRNewswire/ -- iStar (NYSE: STAR) announced the tax treatment of its 2017 preferred stock dividends.
8.00% Series D Preferred Stock | Liquidation Preference: $25.00
NYSE: STAR prD
CUSIP: 45031U-408
Record
Date
Payment
Date
Distribution per
Share
Ordinary
Income
Unrecaptured
Section 1250 Gain
Capital
Gain
03/01/17
03/15/17
$0.500000
$0.000000
$0.139476
$0.360524
Read More 11/15/2017
NEW YORK, Nov. 15, 2017 /PRNewswire/ -- iStar (NYSE: STAR) announced today that the Company's Board of Directors has declared quarterly dividends on the Company's outstanding shares of Preferred Stock. For all four series of Preferred Stock, dividends are effective on November 15, 2017, payable on December 15, 2017 to holders of record on December 1, 2017.
Series of Preferred Stock
Liquidation
Preference
Dividend
Per Share
8.00% Series D Preferred SRead More 08/15/2017
NEW YORK, Aug. 15, 2017 /PRNewswire/ -- iStar (NYSE: STAR) announced today that the Company's Board of Directors has declared dividends on the Company's Series D, Series E, Series F, Series G, Series I and Series J Preferred Stock. For all six series of Preferred Stock, dividends are payable on September 15, 2017 to holders of record on September 1, 2017.
Series of Preferred Stock
Liquidation
Preference
Dividend
Per Share
8.00% Series D PreferrRead More 05/17/2017
NEW YORK, May 17, 2017 /PRNewswire/ -- iStar (NYSE: STAR) announced today that the Company's Board of Directors has declared dividends on the Company's Series D, Series E, Series F, Series G, Series I and Series J Preferred Stock. For all six series of Preferred Stock, dividends are payable on June 15, 2017 to holders of record on June 1, 2017.
Series of Preferred Stock
Liquidation
Preference
Dividend
Per Share
8.00% Series D Preferred Stock
$2Read More 02/15/2017
NEW YORK, Feb. 15, 2017 /PRNewswire/ -- iStar (NYSE: STAR) announced today that the Company's Board of Directors has declared dividends on the Company's Series D, Series E, Series F, Series G, Series I and Series J Preferred Stock. For all six series of Preferred Stock, dividends are payable on March 15, 2017 to holders of record on March 1, 2017.
Series of Preferred Stock
Liquidation
Preference
Dividend
Per Share
8.00% Series D Preferred Stock
Read More 01/31/2017
NEW YORK, Jan. 31, 2017 iStar (NYSE: STAR) announced today the tax treatment of its 2016 preferred stock dividends.
8.00% Series D Preferred Stock | Liquidation Preference: $25.00
NYSE: STAR prD
CUSIP: 45031U-408
Record
Date
Payment
Date
Distribution
per Share
Ordinary
Income
Unrecaptured
Section 1250 Gain
Capital
Gain
03/01/16
03/15/16
$0.5000000
$0.263537
$0.180067
$0.056396
06Read More 11/15/2016
NEW YORK, Nov. 15, 2016 /PRNewswire/ -- iStar (NYSE: STAR) announced today that the Company's Board of Directors has declared dividends on the Company's Series D, Series E, Series F, Series G, Series I and Series J Preferred Stock. For all six series of Preferred Stock, dividends are payable on December 15, 2016 to holders of record on December 1, 2016.
Series of Preferred Stock
Liquidation
Preference
Dividend
Per Share
8.00% Series D Preferred StocRead More 08/15/2016
NEW YORK, Aug. 15, 2016 /PRNewswire/ -- iStar (NYSE: STAR) announced today that the Company's Board of Directors has declared dividends on the Company's Series D, Series E, Series F, Series G, Series I and Series J Preferred Stock. For all six series of Preferred Stock, dividends are payable on September 15, 2016 to holders of record on September 1, 2016.
Series of Preferred Stock
Liquidation
Preference
Dividend
Per Share
8.00% Series D Preferred StRead More 05/16/2016
NEW YORK, May 16, 2016 /PRNewswire/ -- iStar (NYSE: STAR) announced today that the Company's Board of Directors has declared dividends on the Company's Series D, Series E, Series F, Series G, Series I and Series J Preferred Stock. For all six series of Preferred Stock, dividends are payable on June 15, 2016 to holders of record on June 1, 2016.
Series of Preferred Stock
Liquidation
Preference
Dividend
Per Share
8.00% Series D Preferred Stock
Read More 02/16/2016
NEW YORK, Feb. 16, 2016 /PRNewswire/ -- iStar (NYSE: STAR) announced today that the Company's Board of Directors has declared dividends on the Company's Series D, Series E, Series F, Series G, Series I and Series J Preferred Stock. For all six series of Preferred Stock, dividends are payable on March 15, 2016 to holders of record on March 1, 2016.
Series of Preferred Stock
Liquidation
Preference
Dividend
Per Share
8.00% Series D Preferred Stock
Read More 01/29/2016
NEW YORK, Jan. 29, 2016 /PRNewswire/ -- iStar (NYSE: STAR) announced today the tax treatment of its 2015 preferred stock dividends.
Series of
Preferred Stock
Ticker
Symbol
CUSIP
Liquidation
Preference
Distributions
Return of
Capital
8.00% Series D
STAR prD
45031U-408
$25.00
$2.00
100%
7.875% Series E
STAR prE
45031U-507
$25.00
$1.968752
100%
7.80% SRead More 11/16/2015
NEW YORK, Nov. 16, 2015 /PRNewswire/ -- iStar (STAR) announced today that the Company's Board of Directors has declared dividends on the Company's Series D, Series E, Series F, Series G, Series I and Series J Preferred Stock. For all six series of Preferred Stock, dividends are payable on December 15, 2015 to holders of record on December 1, 2015.
Series of Preferred Stock
Liquidation Preference
Dividend
Per Share
8.00% Series D Preferred Stock
$25.00
$0Read More 08/17/2015
NEW YORK, Nov. 16, 2015 /PRNewswire/ -- iStar (STAR) announced today that the Company's Board of Directors has declared dividends on the Company's Series D, Series E, Series F, Series G, Series I and Series J Preferred Stock. For all six series of Preferred Stock, dividends are payable on December 15, 2015 to holders of record on December 1, 2015.
Series of Preferred Stock
Liquidation Preference
Dividend
Per Share
8.00% Series D Preferred Stock
$25.00
$0Read More 05/15/2015
NEW YORK, May 15, 2015 /PRNewswire/ -- iStar Financial Inc. (NYSE: STAR) announced today that the Company's Board of Directors has declared dividends on the Company's Series D, Series E, Series F, Series G, Series I and Series J Preferred Stock. For all six series of Preferred Stock, dividends are payable on June 15, 2015 to holders of record on June 1, 2015.
Series of Preferred Stock
Liquidation
Preference
Dividend
Per Share
8.00% Series D PreferrRead More 02/17/2015
NEW YORK, Feb. 17, 2015 /PRNewswire/ -- iStar Financial Inc. (NYSE: STAR) announced today that the Company's Board of Directors has declared dividends on the Company's Series D, Series E, Series F, Series G, Series I and Series J Preferred Stock. For all six series of Preferred Stock, dividends are payable on March 16, 2015 to holders of record on March 2, 2015.
Series of Preferred Stock
Liquidation
Preference
Dividend
Per Share
8.00% Series D Read More 02/02/2015
NEW YORK, Feb. 2, 2015 /PRNewswire/ -- iStar Financial Inc. (NYSE: STAR) announced today the tax treatment of its 2014 preferred stock dividends.
Series of
Preferred Stock
Ticker
Symbol
CUSIP
Liquidation
Preference
Distributions
Return of
Capital
8.00% Series D
STAR prD
45031U-408
$25.00
$2.00
100%
7.875% Series E
STAR prE
45031U-507
$25.00
$1.968752
100%
Read More 11/17/2014
NEW YORK, Nov. 17, 2014 /PRNewswire/ -- iStar Financial Inc. (NYSE: STAR) announced today that the Company's Board of Directors has declared dividends on the Company's Series D, Series E, Series F, Series G, Series I and Series J Preferred Stock. For all six series of Preferred Stock, dividends are payable on December 15, 2014 to holders of record on December 1, 2014.
Series of Preferred Stock
Liquidation
Preference
Dividend
Per Share
8.00% Series D PRead More 08/15/2014
NEW YORK, Aug. 15, 2014 /PRNewswire/ -- iStar Financial Inc. (NYSE: STAR) announced today that the Company's Board of Directors has declared dividends on the Company's Series D, Series E, Series F, Series G, Series I and Series J Preferred Stock. For all six series of Preferred Stock, dividends are payable on September 15, 2014 to holders of record on September 2, 2014.
Series of Preferred Stock
Liquidation
Preference
Dividend
Per Share
8.00% Series DRead More 05/15/2014
NEW YORK, May 15, 2014 /PRNewswire/ -- iStar Financial Inc. (NYSE: STAR) announced today that the Company's Board of Directors has declared dividends on the Company's Series D, Series E, Series F, Series G, Series I and Series J Preferred Stock. For all six series of Preferred Stock, dividends are payable on June 16, 2014 to holders of record on June 2, 2014.
Series of Preferred Stock
Liquidation
Preference
Dividend
Per Share
8.00% Series D PreferredRead More 02/14/2014
NEW YORK, Feb. 14, 2014 /PRNewswire/ -- iStar Financial Inc. (NYSE: STAR) announced today that the Company's Board of Directors has declared dividends on the Company's Series D, Series E, Series F, Series G, Series I and Series J Preferred Stock. For all six series of Preferred Stock, dividends are payable on March 17, 2014 to holders of record on March 3, 2014.
Series of Preferred Stock
Liquidation Preference
Dividend
Per Share
8.00% Series D PreferredRead More 01/30/2014
NEW YORK, Jan. 30, 2014 /PRNewswire/ -- iStar Financial Inc. (NYSE: STAR) announced today the tax treatment of its 2013 preferred stock dividends.
Series of
Preferred Stock
Ticker
Symbol
CUSIP
Liquidation
Preference
Distributions
Return of
Capital
8.00% Series D
STAR prD
45031U-408
$25.00
$2.00
100%
7.875% Series E
STAR prE
45031U-507
$25.00
$1.968752
100%
Read More 11/15/2013
NEW YORK, Nov. 15, 2013 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) announced today that the Company's Board of Directors has declared dividends on the Company's Series D, Series E, Series F, Series G, Series I and Series J Preferred Stock. For all six series of Preferred Stock, dividends are payable on December 16, 2013 to holders of record on December 2, 2013.
Liquidation
Dividend
Series of Preferred Stock
Read More 08/15/2013
NEW YORK, Aug. 15, 2013 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) announced today that the Company's Board of Directors has declared dividends on the Company's Series D, Series E, Series F, Series G, Series I and Series J Preferred Stock. For all six series of Preferred Stock, dividends are payable on September 16, 2013 to holders of record on September 3, 2013.
Series of Preferred Stock
Liquidation
Preference
Dividend
Read More 05/15/2013
NEW YORK, May 15, 2013 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) announced today that the Company's Board of Directors has declared dividends on the Company's Series D, Series E, Series F, Series G, Series I and Series J Preferred Stock. For all six series of Preferred Stock, dividends are payable on June 17, 2013 to holders of record on June 1, 2013.
Series of Preferred Stock
Liquidation
Preference
Dividend
Per Share
8.00% Series D PreferrRead More 02/15/2013
NEW YORK, Feb. 15, 2013 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) announced today that the Company's Board of Directors has declared dividends on the Company's Series D, Series E, Series F, Series G, and Series I Preferred Stock. For all five series of Preferred Stock, dividends are payable on March 15, 2013 to holders of record on March 1, 2013.
A dividend of $0.50 per share will be paid on the 8.00% Series D Preferred Stock; a dividend of $0.492188 per share will be paid on the 7.8Read More 01/15/2013
NEW YORK, Jan. 15, 2013 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) announced today the tax treatment of its 2012 preferred stock dividends.
Series D Preferred Stock
During 2012, taxable dividends for iStar Financial's distribution of $2.00 per share of the 8.00% Series D preferred stock CUSIP #45031U-408, listed under NYSE ticker symbol [SFI pD], will be classified as 100% return of capital.
Series E Preferred Stock
During 2012, taxable dividends for iStar Financial's distribuRead More 11/15/2012
NEW YORK, Nov. 15, 2012 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) announced today that the Company's Board of Directors has declared dividends on the Company's Series D, Series E, Series F, Series G, and Series I Preferred Stock. For all five series of Preferred Stock, dividends are payable on December 17, 2012 to holders of record on December 3, 2012.
A dividend of $0.50 per share will be paid on the 8.00% Series D Preferred Stock; a dividend of $0.492188 per share will be paid on tRead More 08/16/2012
NEW YORK, Aug. 16, 2012 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) announced today that the Company's Board of Directors has declared dividends on the Company's Series D, Series E, Series F, Series G, and Series I Preferred Stock. For all five series of Preferred Stock, dividends are payable on September 14, 2012 to holders of record on August 31, 2012.
A dividend of $0.50 per share will be paid on the 8.00% Series D Preferred Stock; a dividend of $0.492188 per share will be paid on tRead More 05/15/2012
NEW YORK, May 15, 2012 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) announced today that the Company's Board of Directors has declared dividends on the Company's Series D, Series E, Series F, Series G, and Series I Preferred Stock. For all five series of Preferred Stock, dividends are payable on June 15, 2012 to holders of record on June 1, 2012.
A dividend of $0.50 per share will be paid on the 8.00% Series D Preferred Stock; a dividend of $0.492188 per share will be paid on the 7.875%Read More 02/15/2012
NEW YORK, Feb. 15, 2012 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) announced today that the Company's Board of Directors has declared dividends on the Company's Series D, Series E, Series F, Series G, and Series I Preferred Stock. For all five series of Preferred Stock, dividends are payable on March 15, 2012 to holders of record on March 1, 2012.
A dividend of $0.50 per share will be paid on the 8.00% Series D Preferred Stock; a dividend of $0.492188 per share will be paRead More 01/23/2012
NEW YORK--(BUSINESS WIRE)--Jan. 23, 2012--
iStar Financial Inc. (NYSE: SFI), a publicly traded finance company
focused on the commercial real estate industry, announced today the tax
treatment of its 2011 preferred stock dividends.
Series D Preferred Stock
During 2011, taxable dividends for iStar Financial’s distribution of
$2.00 per share of the 8.00% Series D preferred stock CUSIP #45031U-408,
listed under NYSE ticker symbol Read More 11/15/2011
NEW YORK, Nov. 15, 2011 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) announced today that the Company's Board of Directors has declared dividends on the Company's Series D, Series E, Series F, Series G, and Series I Preferred Stock. For all five series of Preferred Stock, dividends are payable on December 15, 2011 to holders of record on December 1, 2011.
A dividend of $0.50 per share will be paid on the 8.00% Series D Preferred Stock; a dividend of $0.492188 per share will be paid on theRead More 08/15/2011
NEW YORK, Aug. 15, 2011 /PRNewswire via COMTEX/ --iStar Financial Inc. (NYSE: SFI) announced today that the Company's Board of Directors has declared dividends on the Company's Series D, Series E, Series F, Series G, and Series I Preferred Stock. For all five series of Preferred Stock, dividends are payable on September 15, 2011 to holders of record on September 1, 2011.
A dividend of $0.50 per share will be paid on the 8.00% Series D Preferred Stock; a dividend of $0.492188 per share will Read More 05/16/2011
NEW YORK, May 16, 2011 /PRNewswire via COMTEX/ --iStar Financial Inc. (NYSE: SFI) announced today that the Company's Board of Directors has declared dividends on the Company's Series D, Series E, Series F, Series G, and Series I Preferred Stock. For all five series of Preferred Stock, dividends are payable on June 15, 2011 to holders of record on June 1, 2011.
A dividend of $0.50 per share will be paid on the 8.00% Series D Preferred Stock; a dividend of $0.492188 per share will be paid on Read More 02/15/2011
NEW YORK, Feb. 15, 2011 /PRNewswire via COMTEX/ --iStar Financial Inc. (NYSE: SFI), a publicly traded, fully-integrated finance and investment company focused on the commercial real estate industry, announced today that the Company's Board of Directors has declared dividends on the Company's Series D, Series E, Series F, Series G, and Series I Preferred Stock. For all five series of Preferred Stock, dividends are payable on March 15, 2011 to holders of record on March 1, 2011.
A dividend ofRead More 01/24/2011
NEW YORK, Jan. 24, 2011 /PRNewswire via COMTEX/ --iStar Financial Inc. (NYSE: SFI), a publicly traded finance company focused on the commercial real estate industry, announced today the tax treatment of its 2010 preferred stock dividends.
Series D Preferred Stock
During 2010, taxable dividends for iStar Financial's distribution of $2.00 per share of the 8.00% Series D preferred stock CUSIP #45031U-408, listed under NYSE ticker symbol [SFI pD], will be classified as 100% return of capital.
Read More 11/16/2010
NEW YORK, Nov. 16, 2010 /PRNewswire via COMTEX/ --iStar Financial Inc. (NYSE: SFI), a publicly traded finance company focused on the commercial real estate industry, announced today that the Company's Board of Directors has declared dividends on the Company's Series D, Series E, Series F, Series G, and Series I Preferred Stock. For all five series of Preferred Stock, dividends are payable on December 15, 2010 to holders of record on November 30, 2010.
A dividend of $0.50 per share will be pRead More 08/16/2010
NEW YORK, Aug 16, 2010 /PRNewswire via COMTEX/ --iStar Financial Inc. (NYSE: SFI), a publicly traded finance company focused on the commercial real estate industry, announced today that the Company's Board of Directors has declared dividends on the Company's Series D, Series E, Series F, Series G, and Series I Preferred Stock. For all five series of Preferred Stock, dividends are payable on September 15, 2010 to holders of record on September 1, 2010.
A dividend of $0.50 per share will be pRead More 05/14/2010
NEW YORK, May 14, 2010 /PRNewswire via COMTEX/ --iStar Financial Inc. (NYSE: SFI), a publicly traded finance company focused on the commercial real estate industry, announced today that the Company's Board of Directors has declared dividends on the Company's Series D, Series E, Series F, Series G, and Series I Preferred Stock. For all five series of Preferred Stock, dividends are payable on June 15, 2010 to holders of record on June 1, 2010.
A dividend of $0.50 per share will be paid on the 8Read More 02/16/2010
NEW YORK, Feb 16, 2010 /PRNewswire via COMTEX/ -- iStar Financial Inc. (NYSE: SFI), a publicly traded finance company focused on the commercial real estate industry, announced today that the Company's Board of Directors has declared dividends on the Company's Series D, Series E, Series F, Series G, and Series I Preferred Stock. For all five series of Preferred Stock, dividends are payable on March 15, 2010 to holders of record on March 1, 2010.
A dividend of $0.50 per share will be paid on theRead More 02/05/2010
NEW YORK, Feb 05, 2010 /PRNewswire via COMTEX/ -- iStar Financial Inc. (NYSE: SFI), a leading publicly traded finance company focused on the commercial real estate industry, announced today the tax treatment of its 2009 preferred stock dividends.
Series D Preferred Stock
During 2009, taxable dividends for iStar Financial's distribution of $2.00 per share of the 8.00% Series D preferred stock CUSIP #45031U-408, listed under NYSE ticker symbol [SFI pD], will be classified as 100% return of capRead More 11/16/2009
NEW YORK, Nov. 16 /PRNewswire-FirstCall/ -- iStar Financial Inc. (NYSE: SFI), a leading publicly traded finance company focused on the commercial real estate industry, announced today that the Company's Board of Directors has declared dividends on the Company's Series D, Series E, Series F, Series G, and Series I Preferred Stock. For all five series of Preferred Stock, dividends are payable on December 15, 2009 to holders of record on November 30, 2009.
A dividend of $0.50 per shaRead More 08/17/2009
NEW YORK, Aug. 17 /PRNewswire-FirstCall/ -- iStar Financial Inc. (NYSE:
SFI), a leading publicly traded finance company focused on the commercial real
estate industry, announced today that the Company's Board of Directors has
declared dividends on the Company's Series D, Series E, Series F, Series G,
and Series I Preferred Stock. For all five series of Preferred Stock,
dividends are payable on September 15, 2009 to holders of record on September
1, 2009.
A dividend of $0.50 per shRead More 05/15/2009
NEW YORK, May 15 /PRNewswire-FirstCall/ -- iStar Financial Inc. (NYSE:
SFI), a leading publicly traded finance company focused on the commercial real
estate industry, announced today that the Company's Board of Directors has
declared dividends on the Company's Series D, Series E, Series F, Series G,
and Series I Preferred Stock. For all five series of Preferred Stock,
dividends are payable on June 15, 2009 to holders of record on June 1, 2009.
A dividend of $0.50 per share will be Read More 02/19/2009
NEW YORK, Feb. 19 /PRNewswire-FirstCall/ -- iStar Financial Inc. (NYSE:
SFI), a leading publicly traded finance company focused on the commercial real
estate industry, announced today that the Company's Board of Directors has
declared dividends on the Company's Series D, Series E, Series F, Series G,
and Series I Preferred Stock. For all five series of Preferred Stock,
dividends are payable on March 16, 2009 to holders of record on March 2, 2009.
A dividend of $0.50 per share will Read More 01/28/2009
NEW YORK, Jan. 28 /PRNewswire-FirstCall/ -- iStar Financial Inc. (NYSE:
SFI), a leading publicly traded finance company focused on the commercial real
estate industry, announced today the tax treatment of its 2008 common and
preferred stock dividends.
Common Stock Dividends
During 2008, taxable dividends for iStar Financial's common stock were
$1.74 per share. The Company's common stock is currently listed under the
CUSIP #45031U-101 and trades under the NYSE ticker symbol [SFRead More 11/14/2008
NEW YORK, Nov. 14 /PRNewswire-FirstCall/ -- iStar Financial Inc. (NYSE:
SFI), a leading publicly traded finance company focused on the commercial real
estate industry, announced today that the Company's Board of Directors has
declared dividends on the Company's Series D, Series E, Series F, Series G,
and Series I Preferred Stock. For all five series of Preferred Stock,
dividends are payable on December 15, 2008 to holders of record on November
28, 2008.
A dividend of $0.50 per shaRead More 10/01/2008
NEW YORK, Oct. 1 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, announced today that its Board of Directors
has determined that the Company will pay the remainder of its 2008 taxable
income as a fourth quarter dividend.
The Company stated that as a real estate investment trust (REIT), it is
required to pay out 90% of its annual taxable income to common shareholders.
The Company hRead More 08/15/2008
NEW YORK, Aug. 15 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, announced today that the Company's Board of
Directors has declared dividends on the Company's Series D, Series E, Series
F, Series G, and Series I Preferred Stock. For all five series of Preferred
Stock, dividends are payable on September 15, 2008 to holders of record on
August 29, 2008.
A dividend of $0.50 per sharRead More 07/01/2008
NEW YORK, July 1 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, announced today that the Company's Board of
Directors has declared a regular quarterly cash dividend on its common stock
of $0.87 per share for the quarter ending June 30, 2008. The $0.87 dividend is
payable on July 31, 2008 to holders of record at the close of business on July
15, 2008.
iStar Financial Inc. is a lRead More 05/15/2008
NEW YORK, May 15 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, announced today that the Company's Board of
Directors has declared dividends on the Company's Series D, Series E, Series
F, Series G, and Series I Preferred Stock. For all five series of Preferred
Stock, dividends are payable on June 13, 2008 to holders of record on May 30,
2008.
A dividend of $0.50 per share will beRead More 03/07/2008
NEW YORK, March 7 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, announced today that the Company's Board of
Directors has declared a regular quarterly cash dividend on its common stock
of $0.87 per share for the quarter ending March 31, 2008. The $0.87 dividend
is payable on April 30, 2008 to holders of record at the close of business on
March 17, 2008.
The Company will host a cRead More 02/15/2008
NEW YORK, Feb. 15 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, announced today that the Company's Board of
Directors has declared dividends on the Company's Series D, Series E, Series
F, Series G, and Series I Preferred Stock. For all five series of Preferred
Stock, dividends are payable on March 14, 2008 to holders of record on
February 29, 2008.
A dividend of $0.50 per share Read More 01/29/2008
NEW YORK, Jan. 29 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI) the leading publicly traded finance company focused on the
commercial real estate industry, announced today the tax treatment of its 2007
common and preferred stock dividends.
Common Stock Dividends
During 2007, taxable dividends for iStar Financial's common stock were
$3.595 per share. The Company's common stock is currently listed under the
CUSIP #45031U-101 and trades under the NYSE ticker symbol [Read More 12/20/2007
NEW YORK, Dec. 20 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, announced today that its Board of Directors
has declared a special cash dividend of $0.25 per common share payable on
January 14, 2008 to shareholders of record as of the close of business on
December 31, 2007. The decision to declare a special dividend was primarily
due to higher taxable income generated as a result of Read More 12/04/2007
NEW YORK, Dec. 4 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, announced today that its Board of Directors
has declared a regular quarterly cash dividend on its common stock of $0.87
per share for the quarter ended December 31, 2007. The $0.87 dividend is
payable on December 31, 2007 to holders of record on December 17, 2007.
* * *
iRead More 11/15/2007
NEW YORK, Nov. 15 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, announced today that the Company's Board of
Directors has declared dividends on the Company's Series D, Series E, Series
F, Series G, and Series I Preferred Stock. For all five series of Preferred
Stock, dividends are payable on December 14, 2007 to holders of record on
November 30, 2007.
A dividend of $0.50 per shaRead More 10/01/2007
NEW YORK, Oct. 1 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, announced today that its Board of Directors
has declared a regular quarterly cash dividend on its common stock of $0.825
per share for the quarter ended September 30, 2007. The $0.825 dividend is
payable on October 29, 2007 to holders of record on October 15, 2007.
iStar Financial Inc. is a leading publicly traded finRead More 08/15/2007
NEW YORK, Aug. 15 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, announced today that the Company's Board of
Directors has declared dividends on the Company's Series D, Series E, Series
F, Series G, and Series I Preferred Stock. For all five series of Preferred
Stock, dividends are payable on September 14, 2007 to holders of record on
August 31, 2007.
A dividend of $0.50 per sharRead More 07/02/2007
NEW YORK, July 2 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, announced today that its Board of Directors
has declared a regular quarterly cash dividend on its common stock of $0.825
per share for the quarter ended June 30, 2007. The $0.825 dividend is payable
on July 30, 2007 to holders of record on July 16, 2007.
iStar Financial Inc. is a leading publicly traded finance companRead More 05/15/2007
NEW YORK, May 15 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, announced today that the Company's Board of
Directors has declared dividends on the Company's Series D, Series E, Series
F, Series G, and Series I Preferred Stock. For all five series of Preferred
Stock, dividends are payable on June 15, 2007 to holders of record on June 1,
2007.
A dividend of $0.50 per share will beRead More 04/02/2007
NEW YORK, April 2 /PRNewswire-FirstCall/ -- iStar Financial Inc. (NYSE:
SFI), a leading publicly traded finance company focused on the commercial real
estate industry, announced today that its Board of Directors has declared a
regular quarterly cash dividend on its common stock of $0.825 per share for
the quarter ended March 31, 2007. The $0.825 dividend is payable on April 30,
2007 to holders of record on April 16, 2007.
iStar Financial Inc. is a leading publicly traded finance coRead More 02/14/2007
NEW YORK, Feb. 14 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, announced today that the Company's Board of
Directors has declared dividends on the Company's Series D, Series E, Series
F, Series G, and Series I Preferred Stock. For all five series of Preferred
Stock, dividends are payable on March 15, 2007 to holders of record on March
1, 2007.
A dividend of $0.50 per share willRead More 01/18/2007
NEW YORK, Jan. 18 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, announced today the tax treatment of its 2006
common and preferred stock dividends.
Common Stock Dividends
During 2006, dividends for iStar Financial's common stock were $3.08 per
share. The Company's common stock is currently listed under the CUSIP #45031U-
101 and trades under the NYSE ticker symbol [SFI]. ForRead More 12/01/2006
NEW YORK, Dec. 1 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), the leading publicly traded finance company focused on the
commercial real estate industry, announced today that its Board of Directors
has declared a regular quarterly cash dividend on its common stock of $0.77
per share for the quarter ended December 31, 2006. The $0.77 dividend is
payable on December 29, 2006 to holders of record on December 15, 2006.
iStar Financial is the leading publicly traded finaRead More 11/15/2006
NEW YORK, Nov. 15 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), the leading publicly traded finance company focused on the
commercial real estate industry, announced today that the Company's Board of
Directors has declared dividends on the Company's Series D, Series E, Series
F, Series G, and Series I Preferred Stock. For all five series of Preferred
Stock, dividends are payable on December 15, 2006 to holders of record on
December 1, 2006.
A dividend of $0.50 per shRead More 10/02/2006
NEW YORK, Oct. 2 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), the leading publicly traded finance company focused on the
commercial real estate industry, announced today that its Board of Directors
has declared a regular quarterly cash dividend on its common stock of $0.77
per share for the quarter ended September 30, 2006. The $0.77 dividend is
payable on October 30, 2006 to holders of record on October 16, 2006.
iStar Financial Inc. is the leading publicly traded fRead More 01/31/2003
NEW YORK, Jan. 31 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI) announced today the tax treatment of its 2002 dividends.
Common Stock Dividends
During 2002, taxable dividends for iStar Financial's common stock were
$2.52 per share. The Company's common stock is currently listed under the
CUSIP #45031U-101 and trades under the NYSE ticker symbol SFI. For tax
reporting purposes, the 2002 taxable dividend will be classified as follows:
$2.2078 as ordiRead More 01/31/2002
NEW YORK, Jan 31, 2002 /PRNewswire-FirstCall via COMTEX/ -- iStar Financial
Inc. (NYSE: SFI), announced today the tax treatment of its 2001 dividends.
Common Stock Dividends
During 2001, taxable dividends for iStar Financial's common stock were $2.4524
per share. The Company's common stock is currently listed under the CUSIP
#45031U-101 and trades under the NYSE ticker symbol SFI. For tax reporting
purposes, the 2001 taxable dividend will be classified as follows: 90.55%
($2.2206) as Read More 01/31/2001
NEW YORK, Jan. 31 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI),
announced today the tax treatment of its 2000 distributions.
Common Stock Dividends
During 2000, taxable dividends for iStar Financial's common stock were
$2.50 per share. The Company's common stock is currently listed under the
CUSIP #45031U-101 and trades under the NYSE ticker symbol SFI. For tax
reporting purposes, the 2000 taxable dividend will be classified as follows:
85.15% ($2.1291) as ordRead More 02/25/2000
NEW YORK, Feb. 25 /PRNewswire/ -- Starwood Financial Inc. (NYSE: SFI) announced today the tax treatment of its 1999 distributions and the tax treatment for the 1999 distributions of TriNet Corporate Realty Trust Inc., which it acquired on November 4, 1999.
Starwood Financial Common Stock Dividend
During 1999, Starwood Financial paid $1.88 per share in dividends for its common stock, currently listed under the CUSIP #85569R-104 and traded under the NYSE ticker symbol Read More
Just Named Best New Hotel in America, The Asbury Launches Winter Programming and Announces News for Summer 2017
ASBURY PARK, N.J., Jan. 20, 2017 /PRNewswire/ -- Since opening on Memorial Day 2016, The Asbury Hotel in Asbury Park, NJ, has made waves with its breathtaking design, unique programming, and sold out occupancy.
Experience the interactive Multimedia News Release here: http://www.multivu.com/players/English/7578755-the-asbury-best-new-hotel-in-america
Just ranked #1 on USA Read More 11/16/2016
NEW YORK, Nov. 16, 2016 /PRNewswire/ -- iStar (NYSE: STAR) announced today that it will be added as a constituent to the MSCI US REIT Index (RMZ), effective at the close of market on November 30, 2016.
"We are pleased to now be represented in the RMZ as a diversified REIT," said Jay Sugarman, iStar's chairman and chief executive officer. "Our inclusion in one of the most widely followed REIT indices will make our unique investment platform more visible and allow us to reach a broader pool of Read More 08/10/2016
World-Class Designers Anda Andrei and Chad Oppenheim Bring Luxury Real Estate Offerings to Asbury Park with 34-Unit Condominium Project
ASBURY PARK, N.J., Aug. 10, 2016 /PRNewswire/ -- On the heels of this summer's highly successful launch of The Asbury Hotel – Asbury Park's first new hotel in more than 50 years – visionary real estate investment firm iStar (NYSE: STAR) announced today the opening of the sales office for Monroe, the next property to launch as part of the company's 10-year, muRead More 05/24/2016
Seasoned Executive Geoffrey G. Jervis Joins the Company in New Combined Role
NEW YORK, May 24, 2016 /PRNewswire/ -- iStar Inc. (NYSE: STAR) today announced that Geoffrey G. Jervis is joining iStar as its new Chief Operating Officer and Chief Financial Officer, effective June 15, 2016. Mr. Jervis brings with him an extensive background in corporate and real estate finance, strategic planning, risk and operations management, and public REIT accounting.
"I am delighted to welcome Geoffrey JerRead More 04/27/2016
Free Hospitality School in Asbury Park Hires for Various Roles at The Asbury, The Shore Town's First New Hotel in More Than 50 years
ASBURY PARK, N.J., April 27, 2016 /PRNewswire/ -- Salt School, a 10-week hospitality training program created and led by renowned hotel innovator David Bowd of Salt Hotels, held its graduation on Saturday, April 23rd at the Asbury Park Yacht Club in Asbury Park, NJ.
Experience the interactive Multimedia News Release here: http://www.multivu.com/players/EngliRead More 02/05/2016
Approved project plans will deliver 700 new homes on coveted infill
development site on the cusp of the San Pedro and Palos Verdes
communities
SAN PEDRO, Calif.--(BUSINESS WIRE)--Feb. 5, 2016--
iStar
(NYSE:STAR), a leading U.S. real estate developer and investor, today
announced the new name and brand for its major master-plan development
in Los Angeles County. Highpark, the new moniker for the new home
development site in San Pedro, CaRead More 11/23/2015
"Drive-in" Rooftop Movies, Rec Room in the Lobby: Not Your Parents' Beach Hotel
Design Virtuoso Anda Andrei, Hotel Innovator David Bowd Join Forces for The Asbury, Newest Jewel of Multi-Billion Dollar Redevelopment by iStar
ASBURY PARK, N.J., Nov. 23, 2015 /PRNewswire/ -- Asbury Park, where personality practically wafts off the ocean breeze, will soon have a hotel with character to match. A derelict Salvation Army building is being transformed into The Asbury, the shore town's first new hoRead More 08/19/2015
- Real Estate Investment Leader iStar Is Engine of Asbury Park Revival
- iStar Taps Design Guru Anda Andrei as Creative Lead
- iStar Partners with Hotel Innovator David Bowd to Launch First New Hotel in Asbury Park in 30 Years
ASBURY PARK, N.J., Aug. 19, 2015 /PRNewswire/ -- After a colorful history and a checkered past, Asbury Park, NJ is finally looking at a brilliant future.
Experience the interactive Multimedia News Release here: http://www.multivu.com/players/English/7578751-Read More 08/13/2015
NEW YORK, Aug. 13, 2015 /PRNewswire/ -- iStar (NYSE: STAR) announced today that the Company's name will formally change to iStar Inc. from iStar Financial Inc. on August 19, 2015. The change was first announced at the Company's investor presentation in June and reflects the Company's broader investment focus and real estate capabilities.
The Company's common and preferred stock will continue to trade on the New York Stock Exchange under the same symbols, and the CUSIP numbers for its securitRead More 06/22/2015
NEW YORK, June 22, 2015 /PRNewswire/ -- iStar (NYSE: STAR) announced today that it has launched a redesigned corporate website at its new domain, www.istar.com. The new website was built to offer users a simple interface to access Company information. Users can learn more about iStar's uncommon platform and strategy and read specific case studies of representative investments.
In addition, the Company launched a new website which spotlights its Land & Development business at www.istarlanRead More 05/16/2015
NEW YORK, May 16, 2015 /PRNewswire/ -- iStar Financial Inc. (NYSE: STAR) was advised yesterday by the firm responsible for distributing materials for the Company's upcoming annual meeting that the firm inadvertently omitted to mail annual meeting materials to holders of the Company's 8% Series D Cumulative Redeemable Preferred Stock. As a result, the Company announced today that it will postpone its annual meeting, originally scheduled for May 20, 2015, in order to give the Series D preferred stRead More 05/14/2015
NEW YORK, May 14, 2015 /PRNewswire/ -- iStar Financial Inc. (NYSE: STAR) will host an investor meeting on Wednesday, June 10, 2015 at 9:30 a.m. local time in New York City. It will take place at the Warwick Hotel, located at 65 W. 54th Street, across the street from REITWeek: NAREIT's Investor Forum.
The event will include a presentation by iStar's chairman and chief executive officer, Jay Sugarman, and is open to all investors to attend. However, given limited capacity, the Company is rRead More 12/19/2013
NEW YORK, Dec. 19, 2013 /PRNewswire/ -- iStar Financial Inc. (NYSE: STAR) announced today that listed shares of its common and preferred stock will commence trading on the New York Stock Exchange under the new symbol "STAR" beginning this morning.
Listed Shares of Stock
New Ticker
Common Stock
STAR
8.00% Series D Preferred Stock
STAR prD
7.875% Series E Preferred Stock
STAR prE
7.80% Series F Preferred Stock
STAR prF
7.65% Series G Read More 12/09/2013
NEW YORK, Dec. 9, 2013 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) announced today that beginning December 19, 2013, listed shares of its common and preferred stock will begin trading on the New York Stock Exchange under the new symbol "STAR".
Listed Shares of Stock
New
Ticker
Common Stock
STAR
8.00% Series D Preferred Stock
STAR prD
7.875% Series E Preferred Stock
STAR prE
7.80% Series FRead More 12/09/2013
ATLANTA, Dec. 9, 2013 (GLOBE NEWSWIRE) -- iStar Residential, a division of iStar Financial Inc. (NYSE:SFI), announced today it has hired an all-new sales team, led by the top-selling high-rise agent in Atlanta, for The Residences at Mandarin Oriental, Atlanta. Karen Rodriguez of Dorsey Alston Realtors will lead the revamped sales efforts. She brings 11 years of experience in the Buckhead luxury high-rise market to the exclusive, world-class property.
The addition of Rodriguez is part of an eRead More 11/18/2013
Signs Development Deal with K. Hovnanian® Homes®
ASBURY PARK, N.J., Nov. 18, 2013 /PRNewswire/ -- iStar Residential announced today that it has signed an agreement with K. Hovnanian® Homes® to build luxury townhomes at the intersection of Grand Avenue and Monroe Avenue in Asbury Park. This development project, when approved by the City, marks the first time a national homebuilder will be entering the Asbury Park market since 1984, when the waterfront was originally designated as a redevelopmenRead More 10/23/2013
Morningstar Ranking of iStar Asset Services
NEW YORK, Oct. 23, 2013 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) announced today that Morningstar Credit Ratings, LLC has assigned iStar Asset Services, Inc. its highest ranking for commercial mortgage primary servicers of 'MOR CS1,' and its second highest ranking for commercial mortgage special servicers of 'MOR CS2.'
iStar Asset Services is iStar Financial's wholly owned loan servicing subsidiary. The full report is available on iStarRead More 07/09/2013
Final 14 Units Sell Out Within 24 Hours of Being Released
NEW YORK, July 9, 2013 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) announced today its luxury townhome community, VIVE, sold out its entire inventory of homes in phase 2 of the project within one day of their release on July 8, 2013. This record demand from buyers is similar to the response that VIVE's first phase of homes experienced, also selling out the first day they were made available.
Base prices in the second phase raRead More 07/08/2013
NEW YORK, July 8, 2013 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) announced today that it has agreed to provide up to $146 million of preferred equity to Landmark Apartment Trust of America ("LATA"), a non-traded, public multifamily real estate investment trust.
(Logo: http://photos.prnewswire.com/prnh/20130708/NY43293LOGO )
LATA owns 39 apartment communities comprised of over 10,000 units located throughout the Southeast and Texas. LATA expects to use the proceeds to acquire additiRead More 04/22/2013
NEW YORK, April 22, 2013 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) announced today that it has completed the sale of its 24% equity interest in LNR Property LLC ("LNR") and received $220 million in net proceeds. The sale was part of a larger transaction whereby the Company and LNR's other co-owners sold 100% of LNR to Starwood Property Trust Inc. and investment firm Starwood Capital Group for an aggregate purchase price of $1.05 billion.
The Company said that it intends to utilize the Read More 01/24/2013
NEW YORK, Jan. 24, 2013 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) announced today that the owners of LNR Property LLC ("LNR"), including iStar, have signed a definitive agreement to sell LNR for a total purchase price of $1.05 billion. iStar's 24% ownership interest in LNR is expected to generate $220 million in net proceeds at closing after closing costs and LNR management incentives.
"As we continue to streamline our balance sheet and focus on our core businesses, this transactionRead More 08/13/2012
ASBURY PARK, N.J.--(BUSINESS WIRE)--Aug. 13, 2012--
iStar Financial announces that its subsidiary, Asbury Partners, the
Master Developer of the Asbury Park waterfront, has entered into an
agreement with retail developer Madison Marquette, which will accelerate
and drive the overall redevelopment of the city’s historic waterfront.
In exchange for a minority interest in Asbury Partners, Madison
Marquette has contributed all of its 5.7 acres of residentRead More 01/09/2012
NEW YORK, Nov. 11, 2011 /PRNewswire via COMTEX/ --iStar Financial Inc. (NYSE: SFI) will join with a number of veterans to ring the Closing Bell at the New York Stock Exchange ("NYSE") on November 11, 2011 in honor of Veterans Day.
iStar will be joined on the closing bell podium by representatives from No Greater Sacrifice and the Fisher House Foundation, two veteran organizations providing vital services to our nation's military men and women. iStar employees have made donations to both ofRead More 11/08/2011
NEW YORK, Nov. 8, 2011 /PRNewswire via COMTEX/ --iStar Financial Inc. (NYSE: SFI) announced today that Jay Sugarman, chairman and chief executive officer, has adopted a stock trading plan to sell up to 375,000 shares of his company stock over time to fund outside personal and charitable interests. Sales under the plan may commence on November 8, 2011 and will be subject to the satisfaction of minimum price conditions and other contingencies. If Mr. Sugarman completes all the sales of shares unRead More 11/03/2011
NEW YORK, Nov. 3, 2011 /PRNewswire via COMTEX/ --iStar Financial Inc. (NYSE: SFI) announced today that it has extended its lease on five hotel net lease assets through December 31, 2025. The lease extension covers hotels in Seattle, San Diego/Mission Valley, Sonoma, Salt Lake City and Durango, CO and, as part of this lease extension, the Company has released Red Lion Hotels Corporation from a master lease that covered 15 properties in total, including the above hotels. The remaining 10 propertieRead More 01/18/2011
Leading Real Estate Group to Market South Beach
Oceanfront Property
MIAMI, Jan 18, 2011 (BUSINESS WIRE) --iStar Financial Inc. (NYSE:SFI), a publicly traded finance
company focused on the commercial real estate industry, announced today
that it will now have full ownership of the luxury Miami Beach real
estate condominium project "South of Fifth," located at
125 Ocean Drive.iStar Financial has engaged Cervera
Real Estate, Inc., a South Florida rRead More 12/22/2010
NEW YORK, Dec. 22, 2010 /PRNewswire via COMTEX/ --iStar Financial Inc. (NYSE: SFI), a leading publicly traded finance company focused on the commercial real estate industry, announced today that David DiStaso has been named chief financial officer, effective December 21, 2010.
DiStaso has served as chief accounting officer of iStar Financial since 2008 and has functioned as the Company's principal financial officer since April 2010.
"Dave has been a key member of our finance and accountiRead More 06/28/2010
Company expects to recognize approximately $250 million gain associated with transaction
NEW YORK, June 28, 2010 /PRNewswire via COMTEX/ --iStar Financial Inc. (NYSE: SFI), a publicly traded finance company focused on the commercial real estate industry, announced today that it has completed its previously announced sale of 32 real properties, or interests therein, to various subsidiaries of Dividend Capital Total Realty Trust Inc. The properties are leased to a diverse group of corporate tenRead More 12/10/2008
NEW YORK, Dec. 10 /PRNewswire-FirstCall/ -- iStar Financial Inc. (NYSE:
SFI), a leading publicly traded finance company focused on the commercial real
estate industry, announced today that Catherine D. Rice, executive vice
president and chief financial officer, will retire in March of 2009 and James
D. Burns, iStar's executive vice president and treasurer, will be promoted to
CFO upon Rice's retirement next year.
After serving as a senior member of the management team at iStar sincRead More 07/02/2008
NEW YORK, July 2 /PRNewswire-FirstCall/ -- iStar Financial Inc. (NYSE:
SFI), a leading publicly traded finance company focused on the commercial real
estate industry, announced today the retirement of Tim O'Connor, executive
vice president and chief operating officer, as well as the appointments of a
new chief accounting officer and a new independent member of its Board of
Directors.
After serving as both a leader and mentor over the past 10 years at iStar,
O'Connor retired effective Read More 04/01/2008
NEW YORK, April 1, 2008 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, announced today that it has closed on its
previously announced sale of its TimberStar Southwest joint venture and the
venture's approximately 900,000-acre portfolio of forestland and related
assets for $1.71 billion, including the assumption of debt.
TimberStar Southwest purchased the properties from InternatioRead More 02/19/2008
NEW YORK, Feb. 19 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, today announced that the partners in the
TimberStar Southwest venture have entered into an agreement to sell the
TimberStar Southwest joint venture and its approximate 900,000 acre portfolio
of forestland and related assets for $1.71 billion, including the assumption
of debt.
TimberStar Southwest is a joint venture Read More 07/02/2007
NEW YORK, July 2 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, announced today that is has closed on its
previously announced transaction with Fremont Investment & Loan, a subsidiary
of Fremont General Corporation (NYSE: FMT). iStar acquired Fremont's
commercial real estate lending business and retained an interest in Fremont's
commercial loan portfolio in this transaction.
"TheRead More 06/21/2007
NEW YORK, June 21 /PRNewswire-FirstCall/ -- iStar Financial Inc.
(NYSE: SFI), a leading publicly traded finance company focused on the
commercial real estate industry, announced today that Jay Sugarman, chairman
and chief executive officer, has adopted a new stock trading plan to sell a
portion of his company stock over time as part of a strategy for asset
diversification and liquidity.
The trading plan was adopted in accordance with guidelines specified by
the Securities and ExchRead More 05/22/2007
Transaction will significantly expand iStar's footprint and increase
regional reach
Will accelerate iStar's position as one of the strongest construction
and direct origination platforms in the industry
iStar's total assets to exceed $14 billion upon closing
Expected to be accretive in current fiscal year
NEW YORK, May 22 /PRNewswire-FirstCall/ -- iStar Financial Inc. (NYSE:
SFI), a leading publicly traded finance company focused on the commercial realRead More
11/23/2015