Star Holdings Reports Second Quarter 2026 Results
Rhea-AI Summary
Star Holdings (NASDAQ: STHO) reported second-quarter 2026 net income attributable to common shareholders of $41.4 million, or $3.43 per share. Results include a non-cash $29.3 million mark-to-market gain on about 13.5 million SAFE shares and $14.4 million of deferred non-cash income from surrendering an asset after lease expiration.
The company’s portfolio consists mainly of Asbury Park Waterfront, Magnolia Green residential projects and other real estate assets and loans that are intended to be monetized over time.
Positive
- Q2 2026 net income $41.4 million, EPS $3.43
- Non-cash mark-to-market gain $29.3 million tied to ~13.5 million SAFE shares
- Deferred non-cash income $14.4 million ($1.19 per share) from asset surrender
- Portfolio strategy focused on monetizing real estate assets and maximizing cash flows
Negative
- Q2 EPS of $3.43 includes $29.3 million non-cash mark-to-market gain
- Quarter results also include $14.4 million deferred non-cash income from asset surrender
Key Figures
Previous Earnings Reports
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Jul 30 | Second-quarter earnings | Positive | +2.1% | Safehold reported quarterly revenue, net income, originations, and a Brookfield joint venture. |
| May 08 | First-quarter earnings | Negative | +0.5% | Star Holdings reported a quarterly loss and SAFE-related non-cash mark-to-market reduction. |
| Apr 30 | First-quarter earnings | Positive | -7.2% | Safehold reported revenue, net income, originations, and unrealized capital appreciation. |
| Feb 17 | Fourth-quarter earnings | Negative | -3.0% | Star Holdings reported quarterly and annual losses with a SAFE-related mark-to-market charge. |
| Feb 11 | Fourth-quarter earnings | Positive | -1.4% | Safehold reported quarterly and annual revenue, net income, investments, and unrealized appreciation. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Tag-specific earnings events showed mixed reactions, with two aligned outcomes and three divergences from the reported results.
Key Terms
form 10-q regulatory
mark-to-market financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
Net income attributable to common shareholders for the second quarter was
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, 2026 which is available for download at the Company's website www.starholdingsco.com or at the Securities and Exchange Commission website www.sec.gov.
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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 Hoffmann
Senior Vice President
Head of Corporate Finance
T 212.930.9400
E investors@starholdingsco.com
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SOURCE Star Holdings