Star Holdings Reports Second Quarter 2026 Results

Star Holdings (NASDAQ: STHO) reported second-quarter 2026 net income attributable to common shareholders of $41.4 million, or $3.43 per share.

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

Argus Aug 10 session

-5.10% close to close Open Argus

Details

News Market Reaction – SAFE

In the Aug 10 session, SAFE declined 5.10%, reflecting a notable negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

The stock moved -5.1% in the session following this news. Safehold's April 30 earnings were followed...

Analysis

The stock moved -5.1% in the session following this news. Safehold's April 30 earnings were followed by a -7.24% 24-hour move, demonstrating earnings-response dispersion. Star's reported income also included non-cash adjustments, creating an earnings-quality comparison risk.

Key Figures

Net income: $41.4 million EPS: $3.43 Non-cash adjustment: $29.3 million +5 more

Net income

$41.4 million

Second quarter 2026, attributable to common shareholders

EPS

$3.43

Second quarter 2026

Non-cash adjustment

$29.3 million

SAFE investment mark-to-market adjustment

EPS adjustment

$2.43

Increase from SAFE investment mark-to-market adjustment

SAFE shares

Approximately 13.5 million shares

Investment subject to quarter-end mark-to-market

Deferred non-cash income

$14.4 million

Recognized after surrendering an asset to a local municipality

Per-share deferred income

$1.19 per share

Deferred non-cash income from surrendered lease asset

Quarterly filing

June 30, 2026

Quarter-end covered by the filed Form 10-Q

Previous Earnings Reports

5 past events · Latest: Jul 30

Same Type 5 events

1. Jul 30

   Second-quarter earnings

   24h Move

   +2.1%

   Safehold reported quarterly revenue, net income, originations, and a Brookfield joint venture.

2. May 08

   First-quarter earnings

   24h Move

   +0.5%

   Star Holdings reported a quarterly loss and SAFE-related non-cash mark-to-market reduction.

3. Apr 30

   First-quarter earnings

   24h Move

   -7.2%

   Safehold reported revenue, net income, originations, and unrealized capital appreciation.

4. Feb 17

   Fourth-quarter earnings

   24h Move

   -3.0%

   Star Holdings reported quarterly and annual losses with a SAFE-related mark-to-market charge.

5. Feb 11

   Fourth-quarter earnings

   24h Move

   -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.

Key Terms

form 10-q, mark-to-market

2 terms

form 10-q regulatory

"filed its Quarterly Report on Form 10-Q for the quarter ended June 30, 2026"

A Form 10-Q is a detailed report that publicly traded companies are required to file with regulators three times a year, providing an update on their financial health and business activities. It is important for investors because it offers timely insights into a company's performance, helping them make informed decisions about buying or selling stocks. Think of it as a regular check-up report that shows how well a company is doing.

mark-to-market financial

"based on a mark-to-market at quarter end"

"Mark-to-market" is a method of valuing assets or investments based on their current market price, rather than their original cost or value. It helps investors see the most up-to-date worth of their holdings, much like checking the latest price of a stock before deciding to buy or sell. This approach ensures that financial statements reflect real-time value, providing a clearer picture of overall financial health.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

NEW YORK, Aug. 7, 2026 /PRNewswire/ -- Star Holdings (NASDAQ: STHO) announced today that it has filed its Quarterly Report on Form 10-Q for the quarter ended June 30, 2026 with the Securities and Exchange Commission. 

Net income attributable to common shareholders for the second quarter was $41.4 million and earnings per share was $3.43. These results reflect a non-cash adjustment of $29.3 million, which increased earnings per share by $2.43 with respect to our investment in approximately 13.5 million shares of SAFE based on a mark-to-market at quarter end. Additionally, the Company recognized $14.4 million, or $1.19 per share, of deferred non-cash income resulting from the Company surrendering an asset to a local municipality following the expiration of a lease.    

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.

*    *     *

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 

View original content to download multimedia:https://www.prnewswire.com/news-releases/star-holdings-reports-second-quarter-2026-results-302846347.html

SOURCE Star Holdings

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What were Star Holdings (NASDAQ: STHO) earnings for the second quarter of 2026?

Star Holdings reported Q2 2026 net income attributable to common shareholders of $41.4 million, or $3.43 per share. According to Star Holdings, these figures include significant non-cash items related to its SAFE investment and an asset surrender transaction.

How did Star Holdings’ SAFE (NYSE: SAFE) investment affect STHO Q2 2026 earnings?

Star Holdings’ investment in approximately 13.5 million SAFE shares generated a $29.3 million non-cash mark-to-market gain in Q2 2026. According to Star Holdings, this adjustment increased earnings per share by $2.43 for the quarter ended June 30, 2026.

What is the $14.4 million deferred non-cash income in Star Holdings’ Q2 2026 results?

Star Holdings recorded $14.4 million, or $1.19 per share, of deferred non-cash income in Q2 2026. According to Star Holdings, this resulted from surrendering an asset to a local municipality following the expiration of a lease agreement.

Where can investors find Star Holdings’ Form 10-Q for the quarter ended June 30, 2026?

Investors can access Star Holdings’ Form 10-Q for the quarter ended June 30, 2026 on www.starholdingsco.com. According to Star Holdings, the filing is also available through the Securities and Exchange Commission website at www.sec.gov.

What assets are in Star Holdings’ (STHO) portfolio as of its Q2 2026 update?

Star Holdings’ portfolio primarily includes interests in the Asbury Park Waterfront, Magnolia Green residential development projects, and other commercial real estate properties and loans. According to Star Holdings, these assets are for sale or otherwise planned to be monetized over time.

What is Star Holdings’ stated strategy for creating shareholder value after its Q2 2026 results?

Star Holdings expects to focus on realizing value for shareholders mainly by maximizing cash flows from its portfolio. According to Star Holdings, this will be pursued through active asset management and asset sales of its real estate and loan holdings.