iStar Reports Fourth Quarter and Fiscal Year 2018 Results
iStar Inc. (STAR)
Last istar inc. earnings: 4/30 07:30 am
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US:NASDAQ Investor Relations:
ir.istar.com
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Source: PR Newswire
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 implementing a new go-forward corporate strategy to combine iStar's strength in finance and net lease with Safehold's growing success at reinventing ground leases to create a unique opportunity for iStar to invest capital at attractive returns," said Jay Sugarman, Chairman and Chief Executive Officer. "In addition, we have decided to limit future investment in a significant number of legacy assets and have taken impairments on certain of these assets in the fourth quarter to reflect this change in strategy."The Company pu
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