iStar Inc.
STAR-PI
New York Stock Exchange25.05
USD
+0.06
- -
CIK
0001095651
ISIN
US45031U8045
CUSIP
45031U804
Return %
Stock
S&P500
1Y
5.46
26.84
3Y
45.64
77.03
5Y
44.02
80.55
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Jay S. Sugarman
- Full Time Employees
- 118
- Sector
- Real Estate
- Industry
- REIT - Diversified
- Address
- 1114 Avenue of the Americas New York City NY United States of America 10036
- IPO Date
- Mar 12, 2004
- CIK
- 0001095651
- Website
- istar.com
- Similar Companies
- Business
- iStar Inc. is a specialty real estate investment trust (REIT) primarily focused on reinventing the ground lease sector by providing modern, efficient ground leases on institutional quality properties across the United States. The company offers a diversified portfolio of commercial real estate investments including net lease properties, real estate finance, operating properties, and land and development assets. Its core products and services encompass ground leases on multifamily, office, industrial, hospitality, and mixed-use properties. iStar applies its extensive experience in finance and net leasing to scale and expand the use of modern ground leases within the $7 trillion institutional commercial real estate market. Founded in 1995 and headquartered in New York, iStar has completed over $40 billion in transactions over two decades, positioning itself as an innovative leader in real estate markets. In March 2023, iStar completed a transformative reverse merger with Safehold Inc., the creator of the modern ground lease industry, combining their national investment platforms under the Safehold name. This strategic move expanded iStar’s operational focus to accelerate the growth of the modern ground lease ecosystem, with Safehold now trading under the ticker "SAFE" on the New York Stock Exchange. Concurrently, iStar spun off its legacy non-ground lease assets into a new publicly traded entity, continuing to manage and grow these assets independently. The company’s recent strategic developments include the merger with Safehold to lead the modern ground lease industry, scaling Safehold's portfolio, and focusing on ground lease investments that provide owners of high-quality commercial real estate greater economic returns and reduced risk. iStar operates primarily across major U.S. metropolitan markets, targeting institutional investors, real estate owners, and corporate customers through direct investment and specialized lending solutions. Through this strategic repositioning, iStar leverages its historic strengths in real estate finance and ground leasing to innovate and expand the ground lease model, aiming for long-term capital appreciation and growing income streams for shareholders. The company continues to adapt its portfolio to align with this core focus, reinforcing its role as a leading specialty REIT in the U.S. commercial real estate sector.