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Star Holdings Reports Third Quarter 2026 Results

  • Star Holdings (NASDAQ: STHO) filed its Form 10-Q for the quarter ended September 30, 2026.
  • Net loss attributable to common shareholders for the third quarter was $45.1 million, with a loss per share of $3.74.
  • The loss includes a $53.1 million non-cash adjustment related to the mark-to-market of approximately 13.5 million SAFE shares.
  • The company sold municipal debt securities for $50.2 million, realizing a $4.5 million gain.
  • A Coney Island land parcel was sold for $20.0 million, generating a $4.7 million profit.
  • The company voluntarily reduced its margin loan balance from $94.5 million to $46.5 million.
  • Star Holdings' portfolio includes interests in Asbury Park Waterfront, Magnolia Green, other commercial real estate, loans for sale, and shares of Safehold Inc. (NYSE: SAFE).
Company
Star Holdings
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Star Holdings