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03/07/2008

iStar Financial Declares Regular Quarterly Common Dividend and Will Host Conference Call to Provide Business Update

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 conference call at 8:30 a.m. EDT today, March 7, 2008 to provide investors with an update on the Company. The conference call may be accessed domestically by dialing (800) 230-1096 or internationally by dialing (612) 288-0329; no passcode is required. The replay will be available through March 21, 2008 domestically by dialing (800) 475-6701 and internationally by dialing (320) 365-3844; passcode 914900.

In addition, the 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 15 minutes prior to the start of the call to register. For those who are not available to listen to the live broadcast, a replay will be available shortly after the call on the iStar Financial website.

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iStar Financial Inc. is a leading publicly traded finance company focused on the commercial real estate industry. The Company primarily provides custom-tailored investment capital to high-end private and corporate owners of real estate, including senior and mezzanine real estate debt, senior and mezzanine corporate capital, as well as corporate net lease financing and equity. The Company, which is taxed as a real estate investment trust ("REIT"), seeks to deliver strong dividends and superior risk-adjusted returns on equity to shareholders by providing innovative and value added financing solutions to its customers. Additional information on iStar Financial is available on the Company's website at www.istarfinancial.com.

SOURCE iStar Financial Inc.

CONTACT:
Catherine D. Rice
Chief Financial Officer
or
Andrew G. Backman
Senior Vice President - Investor Relations
1-212-930-9400
both of iStar Financial Inc.
Web site: http://www.istarfinancial.com

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