iStar Financial Reports Q4 EPS of $(0.42) vs. $(0.69)

iStar Financial Inc. SFI today reported results for the fourth quarter and fiscal year ended December 31, 2010. Adjusted earnings (loss) allocable to common shareholders for the fourth quarter was ($38.3) million or ($0.42) per diluted common share, compared with ($141.7) million or ($1.47) per diluted common share for the fourth quarter 2009. Please see the financial tables that follow the text of this press release for a detailed reconciliation of adjusted earnings to GAAP net income.