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Star Holdings Reports Second Quarter 2025 Results

1. Star Holdings reported a quarterly loss attributable to shareholders of $39.3 million. 2. Non-cash adjustment of $42.7 million impacted earnings related to SAFE shares. 3. Company aims to maximize shareholder value through asset management and sales. 4. Star Holdings recorded $26.6 million in land revenue from property sales.

Earnings
-1.27%Current Return
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+0.72%S&P 500
$14.0708/07 08:07 AM EDTEvent Start
$13.89208/08 02:47 PM EDTLatest Updated
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FAQ

Why Neutral?

Star Holdings' losses and adjustments may reflect caution but don't indicate a broader decline in SAFE's fundamentals. Historical patterns show individual entity impacts may vary, often subdued by market conditions.

How important is it?

The focus on SAFE and its impact on earnings provides context but overall tones remain neutral; hence, moderate significance.

Why Short Term?

Immediate concerns from quarterly reports tend to dissipate over time, especially if recovery efforts are successful, reflecting similar past scenarios where market sentiment adjusted quickly post-reports.

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STHOSPGVNO
, /PRNewswire/ -- Star Holdings (NASDAQ: STHO) announced today that it has filed its Quarterly Report on Form 10-Q for the quarter ended June 30, 2025 with the Securities and Exchange Commission.  Net income (loss) attributable to common shareholders for the first quarter was ($39.3 million) and earnings (loss) per share was ($2.95). These results reflect a non-cash adjustment of ($42.7 million) which decreased earnings per share by $3.21 with respect to our investment in approximately 13.5 million shares of SAFE based on a mark-to-market at quarter end. During the second quarter, the Company recorded $26.6 million of land revenues, which was primarily comprised of revenues from the sale of 72 lots at Magnolia Green for $11.7 million and a land parcel in Asbury Park for $14.2 million. Further details regarding the Company's results of operations, assets and activities are available in the Company's Form 10-Q for the quarter ended June 30, 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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