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    STAR   US45031U1016

ISTAR INC.

(STAR)
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IStar : Intends to Explore Market Interest for Its Net Lease Assets ​ (Form 8-K)

07/06/2021 | 05:10pm EDT

iStar Intends to Explore Market Interest for Its Net Lease Assets


NEW YORK, July 6, 2021

iStar Inc. (NYSE: STAR) announced today that it intends to explore market interest for possible sales of its net lease assets. The Company has engaged Eastdil Secured as an advisor in this process. There can be no assurance as to whether iStar will sell some, all or none of its net lease assets, or as to the timing and terms of any sales. iStar's net lease portfolio includes assets that it owns directly and through joint ventures. The aggregate portfolio comprises 19 million square feet of institutional quality office, entertainment, and industrial properties located throughout the country.

●●●

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 institutional quality properties. As the founder, investment manager and largest shareholder of Safehold Inc. (NYSE: SAFE), the creator of the modern ground lease industry, iStar is using its national investment platform and its historic strengths in finance and net lease to expand the use of modern ground leases within the $7 trillion institutional commercial real estate market. 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. Additional information on iStar is available on its website at www.istar.com.

Company Contact:

Jason Fooks

Senior Vice President

1114 Avenue of the Americas

New York, NY 10036
T 212.930.9400
E investors@istar.com

Investor Relations & Marketing

T 212.930.9400

E investors@istar.com

1114 Avenue of the Americas

New York, NY 10036
T 212.930.9400

E investors@istar.com‌

Disclaimer

iStar Inc. published this content on 06 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 July 2021 21:09:06 UTC.


© Publicnow 2021
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Financials (USD)
Sales 2021 426 M - -
Net income 2021 -28,2 M - -
Net Debt 2021 2 904 M - -
P/E ratio 2021 -70,2x
Yield 2021 1,86%
Capitalization 1 888 M 1 888 M -
EV / Sales 2021 11,3x
EV / Sales 2022 12,6x
Nbr of Employees 143
Free-Float 90,6%
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Technical analysis trends ISTAR INC.
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Income Statement Evolution
Consensus
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Mean consensus BUY
Number of Analysts 4
Last Close Price 26,33 $
Average target price 32,75 $
Spread / Average Target 24,4%
EPS Revisions
Managers and Directors
Jay Sugarman Chairman & Chief Executive Officer
Marcos Alvarado President & Chief Investment Officer
Robin G. Josephs Lead Independent Director
Barry W. Ridings Independent Director
Clifford De Souza Independent Director
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