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Mar 31, 2020
Safehold Q1 2020 Earnings Report
iStar reported results for the first quarter ended March 31, 2020.
Key Takeaways
iStar reported a net loss of ($0.28) per diluted common share and adjusted earnings of $0.14 per diluted common share. The company highlighted a strong balance sheet with approximately $435 million of current cash and revolver availability and continued monetization of legacy assets.
Unrealized gains on Safehold investment increased over $500 million year-to-date
Strong balance sheet with approximately $435 million of current cash and revolver availability
Continued monetization of legacy assets, resulting in an 8% reduction in total legacy assets
Expanded senior management team with addition of new CFO, Jeremy Fox-Geen, and promotion of Brett Asnas to EVP, Head of Capital Markets
Forward Guidance
iStar is well positioned to navigate these uncertain markets and remains focused on its unique mission to reinvent the ground lease industry.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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