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11.76 (1y: +93%)
Market Cap 1.02 B P/E(ttm)
Enterprise Value 5.52 B P/B 0.80
SFI- NYSE (USA)
iStar Financial, Inc.
  • Currently 1/5
Business Predictability Rank: 1-Star
Back Testing Results:
Average gain of all 1-Star stocks: 1.1% per year.
% of Stocks that are in still loss if held for 10yrs: 45%.
Read more:
What is Predictability Rank?
Performances of real portfolio
Top Ranked Predictable Companies
$11.76
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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 3/10

vs
industry		 vs
history
Cash to Debt 0.055
SFI's Cash to Debt is ranked higher than
72% of the 566 Companies
in the Global REIT - Diversified industry.

( Industry Median: 0.02 vs. SFI: 0.055 )
SFI' s 10-Year Cash to Debt Range
Min: 0.01   Max: 0.06
Current: 0.06
0.01
0.06
Equity to Asset 0.201
SFI's Equity to Asset is ranked lower than
52% of the 566 Companies
in the Global REIT - Diversified industry.

( Industry Median: 0.40 vs. SFI: 0.201 )
SFI' s 10-Year Equity to Asset Range
Min: 0.13   Max: 0.47
Current: 0.2
0.13
0.47
F-Score: 2
Z-Score: -0.7
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 3/10

vs
industry		 vs
history
Operating margin (%) -275.20
SFI's Operating margin (%) is ranked lower than
78% of the 566 Companies
in the Global REIT - Diversified industry.

( Industry Median: 25.90 vs. SFI: -275.20 )
SFI' s 10-Year Operating margin (%) Range
Min: -321   Max: 73.6
Current: -275.2
-321
73.6
Net-margin (%) -217
SFI's Net-margin (%) is ranked lower than
78% of the 566 Companies
in the Global REIT - Diversified industry.

( Industry Median: 17.40 vs. SFI: -217 )
SFI' s 10-Year Net-margin (%) Range
Min: -217   Max: 72.9
Current: -217
-217
72.9
ROE (%) -19.4
SFI's ROE (%) is ranked lower than
76% of the 566 Companies
in the Global REIT - Diversified industry.

( Industry Median: 4.60 vs. SFI: -19.4 )
SFI' s 10-Year ROE (%) Range
Min: -47.9   Max: 12.9
Current: -19.4
-47.9
12.9
ROA (%) -3.9
SFI's ROA (%) is ranked lower than
75% of the 566 Companies
in the Global REIT - Diversified industry.

( Industry Median: 1.90 vs. SFI: -3.9 )
SFI' s 10-Year ROA (%) Range
Min: -6   Max: 5.4
Current: -3.9
-6
5.4
ROC (Joel Greenblatt) (%) -9.60
SFI's ROC (Joel Greenblatt) (%) is ranked lower than
75% of the 566 Companies
in the Global REIT - Diversified industry.

( Industry Median: 0.00 vs. SFI: -9.60 )
SFI' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -49.7   Max: 1680.1
Current: -9.6
-49.7
1680.1
Revenue Growth (%) -24.8
SFI's Revenue Growth (%) is ranked lower than
75% of the 566 Companies
in the Global REIT - Diversified industry.

( Industry Median: 0.00 vs. SFI: -24.8 )
SFI' s 10-Year Revenue Growth (%) Range
Min: -34.5   Max: 12.3
Current: -24.8
-34.5
12.3
EBITDA Growth (%) -30.9
SFI's EBITDA Growth (%) is ranked lower than
74% of the 566 Companies
in the Global REIT - Diversified industry.

( Industry Median: 0.00 vs. SFI: -30.9 )
SFI' s 10-Year EBITDA Growth (%) Range
Min: -30.9   Max: 38
Current: -30.9
-30.9
38
EPS Growth (%) -19.8
SFI's EPS Growth (%) is ranked lower than
69% of the 566 Companies
in the Global REIT - Diversified industry.

( Industry Median: 0.00 vs. SFI: -19.8 )
SFI' s 10-Year EPS Growth (%) Range
Min: -28.7   Max: 66.7
Current: -19.8
-28.7
66.7
» SFI's 10-Y Financials

Financials


Revenue & Net Income
Equity & Asset
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades
Q2 2012

SFI Guru Trades in Q2 2012

Edward Lampert 2,812,332 sh (+94.03%)
Jeremy Grantham Sold Out
Jim Simons 272,053 sh (-1.89%)
Diamond Hill Capital 4,766,535 sh (-9.57%)
» More
Q3 2012

SFI Guru Trades in Q3 2012

Steven Cohen 21,104 sh (New)
Jeremy Grantham 37,300 sh (New)
Lee Ainslie 1,751,003 sh (New)
Jim Simons Sold Out
Diamond Hill Capital 4,545,564 sh (-4.64%)
Edward Lampert 2,320,255 sh (-17.5%)
» More
Q4 2012

SFI Guru Trades in Q4 2012

Lee Ainslie 3,749,634 sh (+114.14%)
Diamond Hill Capital 4,644,073 sh (+2.17%)
Steven Cohen Sold Out
Edward Lampert 1,492,248 sh (-35.69%)
» More
Q1 2013

SFI Guru Trades in Q1 2013

Steven Cohen 12,399 sh (New)
George Soros 387,470 sh (New)
Lee Ainslie Sold Out
Diamond Hill Capital 4,364,135 sh (-6.03%)
Edward Lampert 862,803 sh (-42.18%)
» More
» Details

Insider Trades

Latest Guru Trades with SFI

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Lee Ainslie 2013-03-31 Sold Out 0.45%$8.15 - $10.9 $ 11.7621%0
Edward Lampert 2013-03-31 Reduce -42.18%0.13%$8.15 - $10.9 $ 11.7621%862803
George Soros 2013-03-31 New Buy0.05%$8.15 - $10.9 $ 11.7621%387470
Lee Ainslie 2012-12-31 Add 114.14%0.24%$7.24 - $8.93 $ 11.7645%3749634
Edward Lampert 2012-12-31 Reduce -35.69%0.12%$7.24 - $8.93 $ 11.7645%1492248
Lee Ainslie 2012-09-30 New Buy0.19%$6.46 - $8.38 $ 11.7665%1751003
Edward Lampert 2012-06-30 Add 94.03%0.16%$5.49 - $7.49 $ 11.7684%2812332
Edward Lampert 2012-03-31 Reduce -46.22%0.12%$5.62 - $7.62 $ 11.7679%1449421
Edward Lampert 2011-12-31 Add 40.59%0.07%$5.09 - $7.34 $ 11.7697%2694914
Edward Lampert 2011-09-30 New Buy0.12%$4.61 - $8.25 $ 11.7672%1916826
Premium More recent guru trades are included for Premium Members only!!
» Financial Charts

Peter Lynch Chart

Preferred stocks of iStar Financial, Inc.

SymbolPriceYieldDescription
SFICP55.001.00

Ratios

vs
industry		 vs
history
P/B 0.80
SFI's P/B is ranked higher than
88% of the 443 Companies
in the Global REIT - Diversified industry.

( Industry Median: 1.28 vs. SFI: 0.80 )
SFI' s 10-Year P/B Range
Min: 0.04   Max: 2.14
Current: 0.8
0.04
2.14
P/S 8.39
SFI's P/S is ranked lower than
64% of the 488 Companies
in the Global REIT - Diversified industry.

( Industry Median: 6.71 vs. SFI: 8.39 )
SFI' s 10-Year P/S Range
Min: 0.13   Max: 11.49
Current: 8.39
0.13
11.49
EV-to-EBIT 13.7
SFI's EV-to-EBIT is ranked higher than
78% of the 400 Companies
in the Global REIT - Diversified industry.

( Industry Median: 24.85 vs. SFI: 13.7 )
SFI' s 10-Year EV-to-EBIT Range
Min: 17.4   Max: 162.6
Current: 13.7
17.4
162.6
Shiller P/E 61.3
SFI's Shiller P/E is ranked lower than
100% of the Companies
in the Global REIT - Diversified industry.

( Industry Median: vs. SFI: 61.3 )
SFI' s 10-Year Shiller P/E Range
Min: 0.47   Max: 62.8
Current: 61.3
0.47
62.8

Valuation & Return

vs
industry		 vs
history
Price/Tangible Book 0.8
SFI's Price/Tangible Book is ranked higher than
79% of the 437 Companies
in the Global REIT - Diversified industry.

( Industry Median: 1.30 vs. SFI: 0.8 )
SFI' s 10-Year Price/Tangible Book Range
Min: 0.1   Max: 2.1
Current: 0.8
0.1
2.1
Price/DCF (Projected) 0.6
SFI's Price/DCF (Projected) is ranked higher than
93% of the 209 Companies
in the Global REIT - Diversified industry.

( Industry Median: 2.00 vs. SFI: 0.6 )
SFI' s 10-Year Price/DCF (Projected) Range
Min: 0.1   Max: 1.1
Current: 0.6
0.1
1.1
Price/Median PS Value 1.5
SFI's Price/Median PS Value is ranked higher than
65% of the 427 Companies
in the Global REIT - Diversified industry.

( Industry Median: 1.20 vs. SFI: 1.5 )
SFI' s 10-Year Price/Median PS Value Range
Min: 0.1   Max: 1.5
Current: 1.5
0.1
1.5
Forward Rate of Return (Yacktman) 3.71
SFI's Forward Rate of Return (Yacktman) is ranked higher than
88% of the 566 Companies
in the Global REIT - Diversified industry.

( Industry Median: 0.00 vs. SFI: 3.71 )
SFI' s 10-Year Forward Rate of Return (Yacktman) Range
Min: 5.2   Max: 72.3
Current: 3.71
5.2
72.3

Business Description

iStar Financial, Inc began its business in 1993 through private investment funds and became publicly traded in 1998. iStar Financial is a publicly-traded finance and investment company focused on the commercial real estate industry. The Company provides custom-tailored investment capital to high-end private and corporate owners of real estate and invests directly across a range of real estate sectors. The Company three main business segments are Real Estate Lending, Net Leasing and Real Estate Investment. The Company's Real Estate Lending segment includes loans and other lending investments, which primarily consist of senior mortgage loans that are secured by commercial and residential real estate assets. A smaller portion of the portfolio consists of subordinated mortgage loans that are secured by subordinated interests in commercial and residential real estate assets and corporate/partnership loans, which may be senior or subordinate and corporate debt securities. The Company's Net Lease segment is primarily comprised of properties owned by the Company and leased to single creditworthy tenants, where the properties are generally mission critical headquarters or distribution facilities that are subject to long-term leases. Most of the leases provide for expenses at the facility to be paid by the tenant on a triple net lease basis. Net lease transactions have initial terms generally ranging from 15 to 20 years and typically range in size from $20 million to $150 million. The Real Estate Investment segment includes all of the Company's activities related to the repositioning and redevelopment of assets that are primarily acquired through foreclosure or through deed-in-lieu of foreclosure in full or partial satisfaction of non-performing loans. Properties are designated as REHI or OREO depending on the Company's business plan to realize the maximum value from the collateral received. The Company's main sources of revenues are interest income, which is the interest that borrowers pay on loans, and operating lease income, which is the rent that corporate customers pay to lease its properties. iStar Financial's competitors include finance companies, other REITs, commercial banks and thrift institutions, investment banks and hedge funds. The operations of the Company are subject, in certain instances, to supervision and regulation by state and federal governmental authorities and may be subject to various laws and judicial and administrative decisions imposing various requirements and restrictions.
Company Website
SEC Reports
Industry: REIT - Diversified
Compare:ARI, NLY, VNO, IVR, WSR
Traded in other countries:OLZ.Germany, SFICP.USA
» More Articles for SFI

Headlines

Articles On GuruFocus.com
comment on SFI Oct 02 2012 
comment on SFI Sep 29 2012 
Eddie Lampert Slashes Stakes in Four Stocks May 25 2012 
comment on SFI Mar 07 2012 
Weekly CEO Sells Highlight: Fusionio, LKQ Corp, iStar Financial Inc. and Church & Dwight Co. Dec 04 2011 
iStar Financial Announces Second Quarter 2009 Results Jul 31 2009 
iStar Financial Announces Tax Treatment of 2008 Dividends Jan 28 2009 

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