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iStar Inc., traded under the symbol STAR, has established itself as a pioneer in the real estate market by focusing on modern ground leases. This approach unlocks value for property owners across the United States. As the founder, investment manager, and largest shareholder of Safehold Inc. (NYSE: SAFE), iStar has created the first publicly traded company dedicated to modern ground leases, revolutionizing the way real estate is owned.
iStar specializes in identifying and scaling innovative opportunities within the real estate sector. Over the past two decades, the company has completed transactions exceeding $40 billion, showcasing its strength in finance and net leasing. iStar's expertise has allowed it to help property owners of various types, including multifamily, office, industrial, hospitality, student housing, life science, and mixed-use properties, to increase their returns while minimizing risks.
In a significant development, on March 31, 2023, iStar completed a merger with Safehold Inc., with iStar being the survivor for tax purposes. Following the merger, iStar was renamed Safehold Inc. This merger underscores the company's commitment to expanding its innovative platform and delivering long-term capital appreciation and secure, growing income for its shareholders.
Safehold Inc., now operating under the NYSE ticker SAFE, continues its mission to provide property owners with modern, efficient ground leases, helping them unlock the value of the land beneath their buildings. The Company is structured as a real estate investment trust (REIT), further enhancing its financial stability and growth potential. This strategic approach allows Safehold to offer secure investment opportunities and consistent returns to its stakeholders.
- Modern ground leases.
- Over $40 billion in transactions.
- Merger with Safehold Inc.
- Real Estate Investment Trust (REIT).
With its innovative and consistent approach, iStar, now Safehold Inc., remains a significant player in the real estate market, continually transforming how property ownership and ground leases are managed and optimized.
iStar Inc. (NYSE: STAR) reported first-quarter results for 2021, indicating a net loss of $0.4 million or $0.01 per diluted share. Adjusted earnings stood at $22.7 million, equating to $0.30 per diluted share. The company realized $56 million from legacy asset sales, achieving a 6% reduction in its legacy asset portfolio. iStar's Safehold position reflects a market value of $2.4 billion with 34.8 million shares. CEO Jay Sugarman expressed satisfaction with the progress in scaling and maintaining a robust balance sheet, emphasizing their strategic focus for the year.
iStar Inc. (NYSE: STAR) will release its Q1 2021 financial results on April 29, 2021, before market opening. A live conference call to discuss these results will take place at 10:00 a.m. ET, accessible via iStar's website. The call will provide insights into iStar's operations and its role in the $7 trillion institutional commercial real estate market. iStar is the largest shareholder of Safehold Inc. (NYSE: SAFE), focusing on modern ground leases to unlock value for real estate owners. Past transactions exceed $40 billion over two decades.
iStar Inc. (NYSE: STAR) reported its fourth quarter and fiscal year results for 2020, showing a net loss of ($0.26) per diluted share for Q4 and ($0.87) for the full year. Adjusted earnings were $0.15 for Q4 and $0.54 for the year. The company noted an unrealized gain on its Safehold investment of $1.6 billion, an increase of $1.0 billion in 2020, and achieved $191 million in legacy asset sales proceeds.
iStar reduced its legacy asset portfolio by 20% in 2020 while focusing on scaling its ground lease ecosystem.
iStar Inc. (NYSE: STAR) announced a quarterly dividend for Q1 2021, declaring $0.11 per share for common stock and $0.50, $0.478125, and $0.46875 for its preferred shares, payable on March 15, 2021, to shareholders of record as of March 1, 2021. iStar focuses on modernizing ground leases, unlocking value for real estate owners. It is also the largest shareholder of Safehold Inc. (NYSE: SAFE), the first publicly traded company specifically targeting modern ground leases.
iStar Inc. (NYSE: STAR) will release its fourth quarter and fiscal year 2020 financial results on February 23, 2021, before market open. The earnings conference call will follow at 10:00 a.m. ET, accessible via iStar's website. The company is focused on revolutionizing the ground lease sector, emphasizing efficiency and modern approaches to real estate ownership. As the largest shareholder of Safehold Inc. (NYSE: SAFE), iStar uses its finance strengths to explore new market opportunities, having completed over $40 billion in transactions in the last 20 years.
iStar (NYSE: STAR) will present at the BofA Securities 2020 Leveraged Finance Virtual Conference on December 2, 2020, at 5:15 pm ET. CEO Jay Sugarman will lead the presentation, which can be accessed live through iStar's website. The company specializes in modern ground leases, unlocking value in real estate ownership. As the largest shareholder of Safehold (NYSE: SAFE), iStar has completed over $40 billion in transactions over the last twenty years. Replay of the presentation will be available shortly after the live event.
iStar Inc. (NYSE: STAR) announced an adjustment to its 3.125% Convertible Senior Notes due 2022, altering the conversion price to $14.23 per share from $14.47 following cash dividends payable on December 15, 2020. The adjusted rate allows holders to convert notes into approximately 70.2538 shares of common stock per $1,000 principal amount. This change is effective from November 30, 2020 and aims to reflect the recent dividend payments.
iStar Inc. (NYSE: STAR) announced that CEO Jay Sugarman will present at Nareit’s REITworld: 2020 Annual Conference on November 19, 2020, at 11:15 am ET. The presentation will be available to registered participants. A replay will be posted on the company's website under the 'Investors' section. Following the main session, iStar will host an interactive breakout session at 12:30 pm ET, accessible via Zoom. iStar is focused on modern ground leases in the real estate sector and has completed over $40 billion in transactions over the last two decades.
iStar Inc. (NYSE: STAR) announced its fourth-quarter dividends for 2020, declaring $0.11 per share for Common Stock and varying amounts for its Preferred Stocks. The dividends are payable on December 15, 2020, to stockholders on record by December 1, 2020. The Preferred Stock dividends include $0.50 for 8.00% Series D, $0.478125 for 7.65% Series G, and $0.46875 for 7.50% Series I. iStar continues to innovate in the real estate sector, focusing on modern ground leases, and has completed over $40 billion in transactions over two decades.
iStar Inc. (NYSE: STAR) reported its Q3 2020 results on November 3, highlighting an unrealized gain of $1.2 billion from its Safehold investment and a commitment to lower-risk asset recycling. The company posted a net loss of ($0.03) per diluted share but reported adjusted earnings of $0.29 per share. iStar emphasizes its strong balance sheet with a debt maturity profile of approximately 4.5 years and aims to leverage its position as the largest shareholder of Safehold (NYSE: SAFE) to enhance intrinsic value in the market.
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