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Star Holdings Reports First Quarter 2025 Results

1. Star Holdings reports a net loss of $7.6 million for Q1 2025. 2. Earnings included a non-cash adjustment of $3.2 million from SAFE shares. 3. Star Holdings has extended debt maturities to March 2028. 4. A $10 million share repurchase program has been authorized. 5. Star Holdings emphasizes maximizing cash flows from its assets.

Earnings
-2.17%Current Return
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+0.69%S&P 500
$15.6405/12 04:15 PM EDTEvent Start
$15.305/13 11:01 PM EDTLatest Updated
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FAQ

Why Bullish?

Non-cash adjustments from SAFE shares positively influenced Star Holdings’ earnings. Historically, companies reporting better-than-expected earnings see positive stock price movements.

How important is it?

The article reflects significant events affecting Star Holdings, which indirectly affects SAFE. The linkage through share ownership and financial adjustments makes it essential for investors tracking SAFE.

Why Short Term?

The immediate impact of earnings adjustments is typically reflected shortly after results are reported. Short-term stock reactions often align with reported earnings news.

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STHO
, /PRNewswire/ -- Star Holdings (NASDAQ: STHO) announced today that it has filed its Quarterly Report on Form 10-Q for the quarter ended March 31, 2025 with the Securities and Exchange Commission.  Net income (loss) attributable to common shareholders for the first quarter was ($7.6 million) and earnings (loss) per share was ($0.57). These results reflect a non-cash adjustment of $3.2 million which increased earnings per share by $0.24 with respect to our investment in approximately 13.5 million shares of SAFE based on a mark-to-market at quarter end. During the first quarter, the Company recorded $5.2 million of land revenues, which was comprised of revenues from the sale of 45 lots at Magnolia Green. Subsequent to quarter end, the Company sold a land parcel in Asbury Park for approximately $14.0 million. Additionally, the Company amended its Safe Credit Facility, Margin Loan Facility and Management Agreement. In connection with these amendments, the Company's related debt maturities were extended to March 31, 2028, an approximately $15.8 million delayed-draw feature was added to the Margin Loan Facility and a $10.0 million share repurchase program was authorized. Further details regarding the Company's results of operations, assets and activities and the loan amendments are available in the Company's Form 10-Q for the quarter ended March 31, 2025 which is available for download at the Company's website www.starholdingsco.com or at the Securities and Exchange Commission website www.sec.gov. *       *       * Star Holdings' (NASDAQ: STHO) portfolio is comprised primarily of interests in the Asbury Park Waterfront, the Magnolia Green residential development projects and other commercial real estate properties and loans that are for sale or otherwise plan to be monetized. Star Holdings also owns shares of Safehold Inc. (NYSE: SAFE). Star Holdings expects to focus on realizing value for shareholders from its portfolio primarily by maximizing cash flows through active asset management and asset sales.  Additional information on Star Holdings is available on its website at www.starholdingsco.com. Company Contact: Pearse HoffmannSenior Vice PresidentHead of Corporate FinanceT 212.930.9400E [email protected]  SOURCE Star Holdings WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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