Welcome to our dedicated page for Star Holdings news (Ticker: STHO), a resource for investors and traders seeking the latest updates and insights on Star Holdings stock.
Star Holdings (NASDAQ: STHO) is a real estate finance leader specializing in active asset management, strategic property sales, and land development projects like Asbury Park Waterfront. This page provides investors and industry professionals with centralized access to official company announcements, financial updates, and operational developments.
Track STHO's progress in monetizing commercial properties, structuring real estate loans, and executing strategic sales through verified press releases and news. Key coverage areas include earnings reports, asset acquisition updates, portfolio restructuring initiatives, and market positioning developments.
Bookmark this page for direct access to primary source materials about STHO's unique approach to real estate finance. Regular updates ensure you stay informed on the company's progress in generating sustainable cash flows through non-ground lease operations and value-driven asset management.
Star Holdings (NASDAQ: STHO) has announced two major developments: a $10 million share repurchase program and successful debt extensions. The Board authorized share buybacks through open market or private transactions, subject to market conditions. The company secured several amendments to its financing arrangements, including:
- Extension of Term Loan Credit Agreement maturity to March 31, 2028, with current balance of $115.0 million
- Management fee increase from $5.0M to $7.5M for 2026-2027 period
- Margin Loan Facility extension to March 31, 2028 with $15.8M additional funding availability
- Increase in Termination Fee to $55.0M
Star Holdings' portfolio includes interests in Asbury Park Waterfront, Magnolia Green residential developments, and Safehold Inc. (NYSE: SAFE) shares.
Star Holdings (NASDAQ: STHO) has reported its financial results for Q4 and FY2024. The company recorded a net loss of $102.6 million in Q4 and $86.8 million for the full year, with losses per share of $7.70 and $6.51 respectively. These results were significantly impacted by a non-cash mark-to-market adjustment related to their investment in approximately 13.5 million SAFE shares, resulting in a $104.8 million loss in Q4 and $66.5 million for the year.
During Q4, the company completed the sale of a California property for $21.5 million, generating a net profit of $12.3 million. The company provided the buyer with a $17.75 million short-term financing loan. Star Holdings' portfolio includes interests in the Asbury Park Waterfront, Magnolia Green residential development projects, and other commercial real estate properties.
Star Holdings (NASDAQ: STHO) reported Q3 2024 results with net income of $91.9 million and earnings per share of $6.90. The results include a non-cash adjustment of $93.8 million related to their investment in 13.5 million SAFE shares, which increased EPS by $7.05. The company generated $6.1 million in land revenues from selling 31 lots at Magnolia Green and recorded $3.7 million in real estate income from final condominium closings at Asbury Ocean Club.
Star Holdings (NASDAQ: STHO) reported its Q2 2024 results, filing a Quarterly Report on Form 10-Q. The company experienced a net loss of $27.1 million, with earnings per share at ($2.04). This includes a non-cash adjustment of ($17.7 million), reducing EPS by ($1.33), related to its investment in SAFE shares. Star Holdings recorded $15.7 million in land revenues, primarily from a Coney Island parcel and 50 lots at Magnolia Green.
The company's portfolio includes interests in the Asbury Park Waterfront, Magnolia Green residential development projects, and other commercial real estate properties and loans intended for monetization. Star Holdings also owns shares of Safehold Inc. (NYSE: SAFE) and aims to maximize shareholder value through active asset management and sales.
Star Holdings (NASDAQ: STHO) reported a net loss of ($49.0 million) and earnings per share of ($3.68) for the first quarter of 2024. The results include a non-cash adjustment of ($37.9 million) related to investments in SAFE shares. The company generated $16.6 million in land revenues during the quarter. Star Holdings focuses on maximizing shareholder value by managing assets and pursuing asset sales.
Safehold Inc. (NYSE: SAFE) has successfully merged with iStar Inc., finalizing a multi-year strategy aimed at enhancing the ground lease market. Following this merger, the combined entity will continue to operate under the Safehold name and ticker symbol 'SAFE'. Additionally, prior to the merger's completion, iStar executed a spin-off, distributing 0.153 shares of Star Holdings (NASDAQ: STHO) for every iStar share held by stockholders. This merger is anticipated to yield significant benefits for stakeholders, positioning Safehold as a leader in the ground lease sector.
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