iStar Financial Inc.'s (SFI) third-quarter net loss allocable to common shareholders, HPU holders and participating security holders was $258.54 million, narrower than $313.96 million in the prior year. Third-quarter net loss attributable to the company also reduced to $247.96 million from $303.38 million a year ago.
Loss per share attributable to the company for the quarter widened to $2.55 from $2.32 in the year-ago period. Adjusted loss per common share allocable to common shareholders for the third quarter was $2.37, wider than $2.16 in the third quarter 2008. On average, 3 analysts polled by Thomson Reuters expected loss per share of $2.05 for the quarter. Analysts' estimate typically excludes one-time items.
Total revenues for the recent quarter dropped to $210.19 million from $337.31 million in the previous year. Three analysts estimated revenues of $213.85 million for the quarter.
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