STAR
iStar Inc. [STAR] Stock Forecast
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In the News
iStar And Safehold, A Perplexing But Intriguing Merger Arbitrage
The iStar and Safehold reverse merger/spinoff is expected to close in the next week. Pricing of the deal terms have been mostly finalized, allowing for interesting merger arbitrage dynamics.
iStar (STAR) Surges 7.9%: Is This an Indication of Further Gains?
iStar (STAR) witnessed a jump in share price last session on above-average trading volume.
Failure Fallout
U.S. equity markets tumbled this week after the sudden collapse of a pair of technology-focused banks sparked concerns over financial stability and overshadowed a generally solid slate of employment data. Effectively erasing all of its gains for the year and posting its worst week since September 2022, the S&P 500 dipped 4.5% while the Mid-Cap and Small-Cap benchmarks plunged 7%.
iStar Inc. (STAR) Q4 2022 Earnings Call Transcript
iStar Inc. (NYSE:STAR ) Q4 2022 Results Conference Call February 21, 2023 10:00 AM ET Company Participants Pearse Hoffmann - Senior Vice President of Capital Market and Investor Relations Jay Sugarman - Chairman and Chief Executive Officer Marcos Alvarado - President and Chief Investment Officer Brett Asnas - Chief Financial Officer Conference Call Participants Stephen Laws - Raymond James Jade Rahmani - KBW Operator Good morning. And welcome to iStar's Fourth Quarter and Fiscal Year 2022 Earnings conference call [Operator Instructions].
5 High Yielding Preferred Share Opportunities
Preferred stocks offer safer and higher dividend income. Today, quite a few of them are undervalued.
iStar Sets Fourth Quarter and Fiscal Year 2022 Earnings Release Date and Webcast
NEW YORK , Feb. 2, 2023 /PRNewswire/ -- iStar Inc. (NYSE: STAR) announced today that it will release its financial results for the fourth quarter and fiscal year 2022 on Tuesday, February 21, 2023, 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.
Buy The Dip: 3 REITs Getting Way Too Cheap
REITs collapsed in 2022 because of rising interest rates. But as we get inflation under control, rates will likely come back down.
iStar Preferred Stocks: An Estimated 20% Yield To The Merger Close
iStar is merging with Safehold which provides us with an excellent high yielding opportunity which I wrote about in an earlier article. The merger plan states that iStar preferred stocks will be called providing preferred “G” and “I” investors with an estimated 20% annualized return from now until the estimated call date.
What I Learned From My Biggest Losers Of 2022
2022 was a tough year for all of us. REITs dropped particularly heavily.
Win/Win For iSTAR Preferred 'G': Potential 22% Return From Now Until Safehold Merger
iSTAR (STAR) is currently in the process of merging with Safehold (SAFE). As part of the merger plan, iSTAR preferred stocks will be called.
STAR Financial details
STAR Financial Performance
Yearly Fundamentals Overview
Last date of statement is 2022-12-31
| Metric | History | 2018-12-31 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 |
|---|---|---|---|---|---|---|
| Revenue per share | 11.74 | 46.32 | 43.85 | 26.85 | 102.8 | |
| Net income per share | -0.47 | 31.3 | -2.55 | 1.44 | -128.31 | |
| Operating cash flow per share | -0.36 | -4.41 | 1.81 | -1.77 | 31 | |
| Free cash flow per share | -3.14 | -19.62 | -2.88 | -4.44 | 16.01 | |
| Cash per share | 13.71 | 29.67 | 8.15 | 40.42 | 1.1K | |
| Book value per share | 12.7 | 100.51 | 71.92 | 74.07 | 916.15 | |
| Tangible book value per share | 13.36 | 102.69 | 75.01 | 92.4 | 927.9 | |
| Share holders equity per share | 12.7 | 100.51 | 71.92 | 74.07 | 916.15 | |
| Interest debt per share | 56.14 | 356.34 | 297.26 | 227.17 | 1.1K | |
| Market cap | 485.34M | 116.98M | 140.05M | 231.2M | 11.73M | |
| Enterprise value | 3.19B | 3.31B | 3.47B | 2.39B | 169.63M | |
| P/E ratio | -15.04 | 0.36 | -4.54 | 13.95 | -0.06 | |
| Price to sales ratio | 0.61 | 0.24 | 0.26 | 0.75 | 0.07 | |
| POCF ratio | -20.12 | -2.56 | 6.4 | -11.37 | 0.25 | |
| PFCF ratio | -2.28 | -0.58 | -4.02 | -4.53 | 0.48 | |
| P/B Ratio | 0.56 | 0.11 | 0.16 | 0.27 | 0.01 | |
| PTB ratio | 0.56 | 0.11 | 0.16 | 0.27 | 0.01 | |
| EV to sales | 3.99 | 6.91 | 6.54 | 7.73 | 1.07 | |
| Enterprise value over EBITDA | 15.1 | -8.55 | 266.81 | -19.6 | -103.18 | |
| EV to operating cash flow | -132.01 | -72.65 | 158.62 | -117.43 | 3.56 | |
| EV to free cash flow | -14.94 | -16.32 | -99.57 | -46.79 | 6.89 | |
| Earnings yield | -0.07 | 2.77 | -0.22 | 0.07 | -16.82 | |
| Free cash flow yield | -0.44 | -1.74 | -0.25 | -0.22 | 2.1 | |
| Debt to equity | 4.58 | 3.7 | 4.36 | 4.44 | 1.3 | |
| Debt to assets | 0.79 | 0.76 | 0.78 | 0.78 | 0.56 | |
| Net debt to EBITDA | 12.8 | -8.25 | 256.05 | -17.71 | -96.04 | |
| Current ratio | 14.46 | 14.02 | 9.71 | 1.26 | 1.14 | |
| Interest coverage | 0.77 | -2.42 | -0.27 | -1.57 | -0.07 | |
| Income quality | 0.75 | -0.14 | -0.71 | -0.15 | 0.08 | |
| Dividend Yield | 0.09 | 0.49 | 0.4 | 0.25 | 4.58 | |
| Payout ratio | -1.39 | 0.18 | -1.82 | 3.52 | -0.27 | |
| Sales general and administrative to revenue | 0.12 | 0.21 | 0.19 | 0.43 | 0.13 | |
| Research and developement to revenue | 0 | 0 | 0 | 0 | 0 | |
| Intangibles to total assets | 0.03 | 0.03 | 0.03 | 0 | 0 | |
| Capex to operating cash flow | 7.83 | 3.45 | -2.59 | 1.51 | -0.48 | |
| Capex to revenue | -0.24 | -0.33 | -0.11 | -0.1 | -0.15 | |
| Capex to depreciation | -3.22 | -2.7 | -0.98 | -0.52 | -4.21 | |
| Stock based compensation to revenue | 0.02 | 0.06 | 0.07 | 0.22 | -0.18 | |
| Graham number | 11.65 | 266.07 | 64.21 | 49.02 | 1.63K | |
| ROIC | 0.05 | -0.1 | -0.01 | -0.04 | -0.03 | |
| Return on tangible assets | -0.01 | 0.07 | -0.01 | 0 | -0.06 | |
| Graham Net | -33.14 | -256.45 | -238.47 | -271.19 | -58 | |
| Working capital | 1.88B | 1.43B | 1.11B | 646.78M | 194.68M | |
| Tangible asset value | 907.83M | 1.06B | 908.34M | 1.06B | 1.43B | |
| Net current asset value | -1.93B | -2.31B | -2.56B | -654.02M | -279.3M | |
| Invested capital | 4.21 | 3.37 | 3.94 | 2.93 | 1.14 | |
| Average receivables | 1.19B | 1.1B | 1.13B | 669.56M | 157.46M | |
| Average payables | 119M | 0 | 0 | 0 | 71.74M | |
| Average inventory | 0 | 4.33M | 6.93M | 2.76M | 2.14M | |
| Days sales outstanding | 467.36 | 894.27 | 741.04 | 308.85 | 124.17 | |
| Days payables outstanding | 0 | 0 | 0 | 0 | 245.74 | |
| Days of inventory on hand | 0 | 8.18 | 4.53 | 0.33 | 6.81 | |
| Receivables turnover | 0.78 | 0.41 | 0.49 | 1.18 | 2.94 | |
| Payables turnover | 0 | 0 | 0 | 0 | 1.49 | |
| Inventory turnover | 0 | 44.63 | 80.54 | 1.11K | 53.58 | |
| ROE | -0.04 | 0.31 | -0.04 | 0.02 | -0.14 | |
| Capex per share | -2.78 | -15.21 | -4.69 | -2.67 | -14.99 |
Quarterly Fundamentals Overview
Last date of statement is 2023-03-31 for Q1
| Metric | History | 2022-03-31 | 2022-06-30 | 2022-09-30 | 2022-12-31 | 2023-03-31 |
|---|---|---|---|---|---|---|
| Revenue per share | 2.89 | 3.69 | 3.49 | 19.69 | 1.23 | |
| Net income per share | -0.17 | -10.18 | 1.32 | -52.51 | 0.53 | |
| Operating cash flow per share | -2.77 | 4.45 | -0.88 | 21.01 | -0.11 | |
| Free cash flow per share | -3.27 | 4.03 | -1.32 | 17.12 | -0.11 | |
| Cash per share | 146.98 | 111.96 | 100.1 | 1.1K | 0.32 | |
| Book value per share | 131.67 | 123.91 | 122.89 | 916.15 | 33.79 | |
| Tangible book value per share | 161.59 | 125.16 | 124.13 | 927.9 | 28.68 | |
| Share holders equity per share | 131.67 | 123.91 | 122.89 | 916.15 | 33.79 | |
| Interest debt per share | 184.26 | 136.43 | 118.65 | 1.06K | 61.67 | |
| Market cap | 201.39M | 139.14M | 98.61M | 11.73M | 1.87B | |
| Enterprise value | 707.25M | 492.08M | 362.6M | 169.63M | 5.74B | |
| P/E ratio | -26.67 | -0.26 | 1.37 | -0.04 | 13.86 | |
| Price to sales ratio | 6.3 | 2.89 | 2.06 | 0.39 | 23.87 | |
| POCF ratio | -6.58 | 2.4 | -8.21 | 0.36 | -274.48 | |
| PFCF ratio | -5.57 | 2.65 | -5.46 | 0.45 | -274.48 | |
| P/B Ratio | 0.14 | 0.09 | 0.06 | 0.01 | 0.87 | |
| PTB ratio | 0.14 | 0.09 | 0.06 | 0.01 | 0.87 | |
| EV to sales | 22.13 | 10.24 | 7.59 | 5.6 | 73.22 | |
| Enterprise value over EBITDA | -31.08 | 5.62 | -38.97 | -2.96 | 293.88 | |
| EV to operating cash flow | -23.09 | 8.48 | -30.2 | 5.25 | -841.86 | |
| EV to free cash flow | -19.55 | 9.37 | -20.07 | 6.44 | -841.86 | |
| Earnings yield | -0.01 | -0.95 | 0.18 | -6.88 | 0.02 | |
| Free cash flow yield | -0.18 | 0.38 | -0.18 | 2.24 | 0 | |
| Debt to equity | 1.58 | 1.23 | 1.09 | 1.3 | 1.9 | |
| Debt to assets | 0.56 | 0.55 | 0.52 | 0.56 | 0.65 | |
| Net debt to EBITDA | -22.23 | 4.03 | -28.37 | -2.76 | 198.06 | |
| Current ratio | 1.45 | 1.17 | 1.14 | 1.14 | 19.3 | |
| Interest coverage | -0.82 | 3.57 | -0.47 | -2.67 | 0.4 | |
| Income quality | -0.04 | -0.44 | -0.67 | -0.4 | -1.44 | |
| Dividend Yield | 0.07 | 0.12 | 0.17 | 0.5 | 0.01 | |
| Payout ratio | -7.85 | -0.12 | 0.93 | -0.07 | 0.66 | |
| Sales general and administrative to revenue | 0.04 | -0.11 | 0.3 | 0.36 | 0.19 | |
| Research and developement to revenue | 0 | 0 | 0 | 0 | 0 | |
| Intangibles to total assets | 0 | 0 | 0 | 0 | 0.06 | |
| Capex to operating cash flow | 0.18 | -0.09 | 0.5 | -0.18 | 0 | |
| Capex to revenue | -0.17 | -0.11 | -0.13 | -0.2 | 0 | |
| Capex to depreciation | -4.09 | -4.09 | -4.7 | -4.02 | 0 | |
| Stock based compensation to revenue | -0.39 | -0.37 | -0.01 | 0.1 | 0.06 | |
| Graham number | 22.5 | 168.44 | 60.34 | 1.04K | 20.07 | |
| ROIC | -0.02 | 0.13 | -0.01 | -0.26 | 0.02 | |
| Return on tangible assets | 0 | -0.04 | 0.01 | -0.02 | 0.01 | |
| Graham Net | -44.51 | -29.17 | -24.93 | -58 | -43.91 | |
| Working capital | 663.72M | 246.89M | 186.29M | 194.68M | 1.66B | |
| Tangible asset value | 1.78B | 1.63B | 1.7B | 1.43B | 1.83B | |
| Net current asset value | -152.91M | -315.9M | -284.74M | -279.3M | -2.34B | |
| Invested capital | 1.38 | 1.09 | 0.95 | 1.14 | 1.81 | |
| Average receivables | 253.1M | 215.66M | 169.4M | 103.15M | 877.05M | |
| Average payables | 0 | 70.4M | 140.83M | 142.18M | 71.74M | |
| Average inventory | 301K | 1.14M | 1.63M | 2.63M | 2.74M | |
| Days sales outstanding | 690.21 | 348.81 | 287.44 | 159.83 | 1.95K | |
| Days payables outstanding | 0 | 206.84 | 227.85 | 304.95 | 0 | |
| Days of inventory on hand | 0.5 | 2.89 | 2.08 | 8.45 | 3.23 | |
| Receivables turnover | 0.13 | 0.26 | 0.31 | 0.56 | 0.05 | |
| Payables turnover | 0 | 0.44 | 0.39 | 0.3 | 0 | |
| Inventory turnover | 178.92 | 31.1 | 43.37 | 10.65 | 27.9 | |
| ROE | 0 | -0.08 | 0.01 | -0.06 | 0.02 | |
| Capex per share | -0.5 | -0.42 | -0.44 | -3.88 | 0 |
STAR Frequently Asked Questions
What is iStar Inc. stock symbol ?
iStar Inc. is a US stock , located in New york of Ny and trading under the symbol STAR
What is iStar Inc. stock quote today ?
iStar Inc. stock price is $7.63 today.
Is iStar Inc. stock public?
Yes, iStar Inc. is a publicly traded company.
Company Profile
- Volume Average 420.73K
- Market Capitalization 662.56M
- Employee 118
- CEO Mr. Jay S. Sugarman
- Headquarters New York,NY,US
- IPO Date 1989-11-16
-
Website
https://www.istar.com 
iStar Inc. (NYSE: STAR) is focused on reinventing the ground lease sector, unlocking value for real estate owners throughout the country by providing modern, more efficient ground leases on all types of properties. As the founder, investment manager and largest shareholder of Safehold Inc. (NYSE: SAFE), the first publicly traded company to focus on modern ground leases, iStar is helping create a logical new approach to the way real estate is owned, and continues to use its historic strengths in finance and net lease to expand this unique platform. Recognized as a consistent innovator in the real estate markets, iStar specializes in identifying and scaling newly discovered opportunities and has completed more than $40 billion of transactions over the past two decades.
