IStar: 2Q Earnings Snapshot
NEW YORK (AP) _ IStar Financial Inc. (STAR) on Thursday reported second-quarter profit of $370.8 million.
On a per-share basis, the New York-based company said it had profit of $4.55. Earnings, adjusted for non-recurring gains, came to $3.98 per share.
The commercial real estate finance company posted revenue of $98.5 million in the period.
IStar shares have risen 47% since the beginning of the year. The stock has risen 24% in the last 12 months.