Here’s an HTML snippet detailing iStar Financial (now Safehold) and its past presence on Google Finance: “`html
iStar Financial, formerly traded on the New York Stock Exchange and widely tracked on platforms like Google Finance, was a real estate investment trust (REIT) that focused on financing, investing in, and managing commercial real estate. For many years, its stock ticker (usually SFI on Google Finance and other platforms) provided investors with information on its share price, trading volume, market capitalization, and key financial ratios.
However, iStar underwent a significant strategic shift. In recent years, the company pivoted its core business model to focus almost exclusively on ground leases through a newly formed REIT called Safehold (SAFE). This transition involved spinning off the majority of iStar’s traditional commercial real estate portfolio.
Consequently, iStar Financial essentially ceased to exist as a distinct entity primarily engaged in diversified commercial real estate finance. While iStar Corp. remains, its primary business is managing and growing its investment in Safehold. So, when searching for “iStar Financial Google Finance,” you might now primarily find historical data and possibly links redirecting you to Safehold or iStar Corp. (STAR) depending on the context.
The historical data for iStar Financial on Google Finance can still be valuable for those studying the evolution of REITs or analyzing past market trends. It allows users to review the company’s performance during different economic cycles and compare it to other players in the commercial real estate sector. Analysts can also use it to understand the rationale behind iStar’s strategic shift to ground leases.
Safehold, now the primary focus, specializes in acquiring, owning, and capitalizing ground leases. A ground lease separates the ownership of the land from the ownership of the building on that land. Safehold essentially owns the land and leases it to building owners under long-term agreements. This provides Safehold with a steady stream of income and potential appreciation in land value. If you are interested in the current performance of what was formerly iStar’s core business, searching for “Safehold Google Finance” will provide the relevant information.
In conclusion, while iStar Financial was a significant entity tracked on Google Finance, its transformation into a ground lease-focused company under Safehold means that historical data is primarily what remains associated with the “iStar Financial” search term. Investors seeking information on the current business are better served by focusing on Safehold (SAFE) and iStar Corp. (STAR) data.
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