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iStar Reports Third Quarter 2022 Results PR Newswire NEW YORK , Nov. 3, 2022 /PRNewswire/ -- iStar Inc. (NYSE: STAR) today reported results for the third quarter ended September 30, 2022 . Highlights for the quarter include: Net income o...
Summary Safehold reported Q3-2022 results and came in ahead of expectations. The gain on sale was primarily responsible for that. The REIT ramped up its unsecured credit line usage and interest expense jumped up significantly. We tell you why the bonds might be the better ...
iStar ( NYSE: STAR ) is scheduled to announce Q3 earnings results on Thursday, November 3rd, before market open. The consensus EPS Estimate is $0.04 (-97.7% Y/Y) and the consensus Revenue Estimate is $41M Over the last 2 years, STAR has beaten EPS estimates 100% of...
iStar Sets Third Quarter 2022 Earnings Release Date and Webcast PR Newswire NEW YORK , Oct. 26, 2022 /PRNewswire/ -- iStar Inc. (NYSE: STAR) announced today that it will release its financial results for the third quarter 2022 on Thursday, November 3, 2...
Summary Safehold Inc. is a REIT which specializes in ground leases. Safehold is merging with iStar, another REIT, which is expected to result in cost savings and even a credit-rating upgrade. Analyst Haendel Juste from Mizuho has recently upgraded the Safehold stock to a "BUY"...
Summary Safehold has struggled for traction since the bubble has burst. The last fig leaf is the "growth story". Earnings contraction is dead ahead and we are lowering our price target to $16-$17 per share. For further details see: Safehold: Earnings ...
Summary Most high yielding REITs aren't worth buying. They are overleveraged, poorly managed, or own bad assets. But some exceptions still exist. We highlight two high yielding REITs that we are buying. Today, the average dividend yield of the REIT ( VNQ ) sector...
Safehold is being valued on GAAP earnings at a fairly high multiple. Cash earnings are much lower and even negative in recent quarters. Excessive management compensation leaves little for shareholders. The Safehold short thesis While Safehold ( SAFE ) is tech...
The combination of Safehold (SAFE) and iStar (STAR) announced last Thursday has a lot of complexity. But what comes after is simple, and that is my focus here. In particular, Safehold will have better governance, a better cost structure, and a better debt and equity profile (quoti...
U.S. equity markets advanced for a fourth straight week as inflation showed signs of peaking from multi-decade-highs, potentially relieving some pressure from the Federal Reserve to aggressively hike interest rates. Delivering its first four-week winning streak since November, the S&a...
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Ulaanbaatar, Mongolia--(Newsfile Corp. - October 10, 2023) - Aranjin Resources Ltd. (TSXV: ARJN) (the "Company" or "Aranjin Resources") is very pleased to announce an update on the Victory Nickel Project in Mongolia and that it has also entered into agreements to acquire an extensive package of h...
Ulaanbaatar, Mongolia--(Newsfile Corp. - October 2, 2023) - Aranjin Resources Ltd. (TSXV: ARJN) (the "Company" or "Aranjin") is pleased to announce that further to its press release dated August 16, 2023, it has completed the previously announced debt settlement and conversion of accrued interest...
Ulaanbaatar, Mongolia--(Newsfile Corp. - August 16, 2023) - Aranjin Resources Ltd. (TSXV: ARJN) (the "Company" or "Aranjin") is pleased to provide an update on recent and upcoming developments at the Company. With the successful completion of the upsized recent private placement, the Company is ...