IStar: 4Q Earnings Snapshot

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NEW YORK (AP) _ IStar Financial Inc. (STAR) on Tuesday reported a loss of $13.2 million in its fourth quarter.

On a per-share basis, the New York-based company said it had a loss of 26 cents. Earnings, adjusted for non-recurring costs and stock option expense, came to 15 cents per share.

The commercial real estate finance company posted revenue of $146 million in the period.

For the year, the company reported a loss of $42.4 million, or 87 cents per share, swinging to a loss in the period. Revenue was reported as $530.9 million.

IStar shares have risen 14% since the beginning of the year. The stock has risen 5.5% in the last 12 months.


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