iStar Inc. (STAR)
iStar Inc. operates in the REIT - Diversified industry of the Real Estate sector, headquartered in New York City, NY, US. The stock last traded at $7.63, up 2.01% on the session, giving a market capitalisation of $662.6M. On trailing twelve-month figures it carries a trailing P/E of 4.74, a net margin of 28.6%. Its beta of 1.28 implies it has historically moved more than the broad market.
iStar Inc. (NYSE: STAR) is a pioneering entity dedicated to transforming the ground lease market. Its mission involves creating greater worth for property owners across the United States by offering innovative and more effective ground leases for a wide array of properties. As both the originator, primary investment manager, and largest equity holder in Safehold Inc. (NYSE: SAFE) – the inaugural publicly listed firm specializing in modern ground leases – iStar is instrumental in establishing a sensible, novel paradigm for real estate ownership. The company strategically leverages its established expertise in finance and net lease arrangements to further develop this distinctive platform. Renowned for its persistent innovation within the real estate domain, iStar excels at identifying and commercializing emerging opportunities. Over its twenty-year history, the firm has successfully executed transactions exceeding $40 billion in total value.
iStar Inc. is most often compared with the following Real Estate names: