Star Holdings — Q2 2026 Earnings Summary

Financial Performance

• Net income attributable to common shareholders for the second quarter was $41.4 million.
• Earnings per share (EPS) for the quarter were $3.43.
• Results included a non-cash mark-to-market adjustment of $29.3 million related to an investment in approximately 13.5 million shares of SAFE, which increased EPS by $2.43.
• The Company recognized $14.4 million ($1.19 per share) of deferred non-cash income from surrendering an asset to a local municipality following lease expiration.
• No revenue, cash flow, debt, or year-over-year growth figures were disclosed in the press release.

Business Segments and Product Lines

• The portfolio primarily consists of interests in the Asbury Park Waterfront and the Magnolia Green residential development projects.
• The portfolio includes other commercial real estate properties and loans intended for sale or monetization.
• The Company holds shares of Safehold Inc. (NYSE: SAFE).
• The Company's strategy focuses on realizing shareholder value through active asset management and asset sales to maximize cash flows.

Other Key Points

• Star Holdings filed its Quarterly Report on Form 10-Q for the quarter ended June 30, 2026, with the SEC.
• The Form 10-Q is available for download at www.starholdingsco.com and www.sec.gov.
• The Company is listed on the NASDAQ under the ticker symbol STHO.