iStar Declares Quarterly Preferred Stock Dividends

Rhea-AI Summary

iStar Inc. (NYSE: STAR) has declared quarterly dividends for its Preferred Stock for Q1 2023, payable on March 15, 2023, to record holders by March 1, 2023. The dividends include:

• 8.00% Series D: $0.50 per share
• 7.65% Series G: $0.478125 per share
• 7.50% Series I: $0.46875 per share

iStar focuses on modern ground leases, enhancing value for real estate owners across the $7 trillion commercial market. The firm has a history of over $40 billion in transactions, showcasing its innovation in the sector.

Positive

• Declared robust quarterly dividends for Q1 2023, providing income to shareholders.
• Strong commitment to modern ground leases shows potential for ongoing revenue growth.

Negative

• None.

NEW YORK, Feb. 17, 2023 /PRNewswire/ -- iStar Inc. (NYSE: STAR) announced today that the Company's Board of Directors has declared quarterly dividends on the Company's Preferred Stock for the first quarter of 2023. The dividends are all payable on March 15, 2023 to holders of record on March 1, 2023.

Series of Stock	Liquidation Preference	Dividend Per Share
8.00% Series D Preferred Stock	$25.00	$0.50
7.65% Series G Preferred Stock	$25.00	$0.478125
7.50% Series I Preferred Stock	$25.00	$0.46875

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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:
Pearse Hoffmann
Senior Vice President
Capital Markets & Investor Relations
T 212.930.9400
E investors@istar.com 

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SOURCE iStar Inc.

FAQ

What is the dividend payment date for iStar Inc. (STAR) in 2023?

The dividend payment date for iStar Inc. (STAR) is March 15, 2023.

What are the preferred stock dividends declared by iStar Inc.?

iStar Inc. declared dividends of $0.50 for Series D, $0.478125 for Series G, and $0.46875 for Series I preferred stock.

Who are the holders of record for iStar Inc.'s dividends?

Holders of record must be in place by March 1, 2023, to receive the declared dividends.

How does iStar Inc. (STAR) impact the ground lease market?

iStar Inc. significantly influences the ground lease market by providing modern and efficient leasing solutions, aiming to unlock value for real estate owners.