Star Holdings Reports Third Quarter 2026 Results
PR Newswire•06/11/2026•16:09 ET
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Key Highlights
- ➤Q3 net loss $45.1 million; loss per share $3.74
- ➤SAFE mark-to-market adjustment reduced earnings by $53.1 million
- ➤Municipal debt portfolio sold for $50.2 million, realizing a $4.5 million gain
- ➤Coney Island land sold for $20.0 million, generating a $4.7 million profit
- ➤Margin loan balance voluntarily reduced from $94.5 million to $46.5 million
Expert Statements
Pearse Hoffmann, Senior Vice President and Head of Corporate Finance at Star Holdings
“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.”
NEW YORK, Nov. 6, 2026 /PRNewswire/ -- Star Holdings (NASDAQ: STHO) announced today that it has filed its Quarterly Report on Form 10-Q for the quarter ended September 30, 2026 with the Securities and Exchange Commission.
Net income (loss) attributable to common shareholders for the third quarter was ($45.1) million and earnings (loss) per share was ($3.74). These results reflect a non-cash adjustment of ($53.1) million, which decreased earnings (loss) per share by ($4.40) with respect to our investment in approximately 13.5 million shares of SAFE based on a mark-to-market at quarter end.
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