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 on
the commercial real estate industry. The Company provides custom-tailored
financing to high-end private and corporate owners of real estate nationwide,
including senior and junior mortgage debt, senior, mezzanine and subordinated
corporate capital, and corporate net lease financing. The Company, which is
taxed as a real estate investment trust, seeks to deliver a strong dividend
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
SOURCE iStar Financial Inc.
/CONTACT: Catherine D. Rice, Chief Financial Officer, Andrew C.
Richardson, Executive Vice President Capital Markets, or Erin C. Gatewood
Associate Investor Relations, all of iStar Financial Inc., +1-212-930-9400/
/Web site: http://www.istarfinancial.com /
CO: iStar Financial Inc.
ST: New York
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3106 07/15/2003 13:43 EDT http://www.prnewswire.com