STHO
Star Holdings7.48
-0.06-0.8%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
99.41MP/E (TTM)
-Basic EPS (TTM)
-11.10Dividend Yield
0%Recent Filings
8-K
Q4 loss on SAFE markdown
Star Holdings posted Q4 net loss of $19.1 million and full-year loss of $64.2 million, driven by a $24.3 million non-cash markdown on its 13.5 million SAFE shares stake. Yet it booked $11.8 million profit from selling an Asbury Park land parcel for $12.7 million, collected a $15 million loan repayment, and repurchased 0.6 million shares for $4.5 million. Losses hammered EPS by $1.93 quarterly, $4.94 yearly.
10-K
FY2025 results
Star Holdings posted a FY2025 net loss of $70.8 million, improved from $88.4 million in 2024, as revenue edged down 2.8% to $110.1 million amid lower land development sales of $46.4 million while other income jumped on an $8 million legal settlement. Operating expenses fell sharply with G&A down 31% to $14.6 million from reduced management fees, yet a $64.8 million unrealized loss on Safe shares dragged results; Q4 saw accelerated share repurchases totaling $579K across 579K shares at ~$7.72 average. Debt stands at $270 million maturing 2027-28, cash at $50 million. No dividends paid. Portfolio concentrated in Asbury Park and Magnolia Green risks sales timing.
8-K
Trachtenberg named President
Star Holdings' external manager Safehold Inc. appointed Michael Trachtenberg as President effective December 1, 2025; he simultaneously assumes the role at Star Holdings. The 43-year-old brings deep real estate experience from Lubert-Adler, where he served as President until February 2025. No family ties or related transactions disclosed. Leadership continuity strengthens management.
8-K
Q3 profit with repurchases
Star Holdings posted Q3 net income of $1.8 million ($0.14/share), trimmed by a $0.9 million non-cash mark-to-market hit on its 13.5 million SAFE shares. Land sales delivered $1.7 million from 12 Magnolia Green lots; a legacy settlement brought $4.7 million cash. Share repurchases hit 0.4 million at $8.48 average. Monetization pushes ahead.
10-Q
Q3 FY2025 results
Star Holdings posted Q3 revenue of $28.1M, up 14% y/y from $24.6M, fueled by higher interest income and $7.0M legal settlement, yet land development revenue fell to $1.7M from $6.1M on fewer lot sales. Expenses dropped 12% y/y to $26.9M, thanks to lower G&A from reduced management fees, but a $0.9M unrealized loss on Safe shares (vs $93.8M gain) swung net income to $0.3M from $91.5M; YTD loss of $47.5M reflects $40.4M Safe mark-down. Cash climbed to $40.6M with $15.2M restricted; debt at $259M net (Safe facility $115M at 8%, margin loan $89M at SOFR+3.5%, construction $57M), all compliant. Repurchased $3.5M shares. Safe shares drive volatility.
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