Earnings ·
Star Holdings reports Q3 loss of $45.1M, or $3.74 per share
STHOStar Holdings
Star Holdings reported a net loss attributable to common shareholders of $45.1 million for the third quarter ended September 30, 2026, equating to a loss of $3.74 per share. The results included a non-cash mark-to-market adjustment of $53.1 million related to its investment in Safehold Inc., which reduced earnings per share by $4.40. Excluding this item, the company generated positive cash flow from operations, realizing a $4.5 million gain on the sale of municipal debt securities for $50.2 million and a $4.7 million profit from selling a Coney Island land parcel for $20.0 million. Additionally, Star Holdings voluntarily reduced its margin loan facility balance by approximately $48 million, bringing the outstanding amount to $46.5 million. The company operates as an investment firm focused on commercial real estate and debt assets.