Star Holdings Reports Fourth Quarter and Fiscal Year 2025 Results

Rhea-AI Summary

Star Holdings (NASDAQ: STHO) filed its Form 10-K for year ended December 31, 2025 reporting a net loss attributable to common shareholders of ($19.1M) in Q4 and ($64.2M) for the year. EPS was ($1.51) in Q4 and ($4.90) for 2025.

Results include a non-cash mark-to-market charge on ~13.5 million shares of SAFE of ($24.3M) in Q4 (impacting EPS by ($1.93)) and ($64.8M) for the year (impacting EPS by ($4.94)).

Q4 highlights: sale of Asbury Park land for $12.7M (profit $11.8M), full repayment of a $15.0M loan, and repurchase of ~0.6M shares for $4.5M (avg $7.74).

Positive

• Land sale profit of $11.8M from Asbury Park parcel
• $15.0M loan fully repaid in the fourth quarter
• Share repurchase of ~0.6M shares for $4.5M (avg $7.74)

Negative

• Net loss attributable to common shareholders of $64.2M in 2025
• EPS of ($4.90) for the year
• Mark-to-market loss on SAFE investment of $64.8M for 2025

News Market Reaction – STHO

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+1.21% News Effect

On the day this news was published, STHO gained 1.21%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

NEW YORK, Feb. 17, 2026 /PRNewswire/ -- Star Holdings (NASDAQ: STHO) announced today that it has filed its Annual Report on Form 10-K for the year ended December 31, 2025 with the Securities and Exchange Commission. 

Net income (loss) attributable to common shareholders was ($19.1) million for the fourth quarter, and ($64.2) million for the year. Earnings (loss) per share was ($1.51) for the fourth quarter, and ($4.90) for the year. These results reflect a non-cash market-to-market adjustment with respect to our investment in approximately 13.5 million shares of SAFE of ($24.3) million, which decreased earnings per share by ($1.93), for the quarter, and ($64.8) million, which decreased earnings per share by ($4.94), for the year.

During the fourth quarter, the Company sold a land parcel in Asbury Park for $12.7 million resulting in a profit of $11.8 million, received the full repayment of a $15.0 million loan on a California property, and repurchased approximately 0.6 million shares of its outstanding common stock for $4.5 million at an average share price of $7.74.

Further details regarding the Company's results of operations, assets and activities are available in the Company's Form 10-K for the year ended December 31, 2025 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 

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SOURCE Star Holdings

FAQ

What were Star Holdings (STHO) net income and EPS for fiscal 2025?

Star Holdings reported a net loss attributable to common shareholders of ($64.2M) and EPS ($4.90) for 2025. According to the company, results reflect a large non-cash mark-to-market adjustment on its SAFE investment.

How did the SAFE investment affect Star Holdings' (STHO) 2025 results?

The SAFE investment produced a non-cash mark-to-market loss of $64.8M for the year, reducing EPS by ($4.94). According to the company, this charge drove the bulk of the reported annual loss.

What asset sales or cash events did Star Holdings (STHO) report in Q4 2025?

In Q4, Star sold an Asbury Park land parcel for $12.7M realizing an $11.8M profit and received $15.0M full loan repayment. According to the company, these were material cash-generation events.

Did Star Holdings (STHO) repurchase shares in Q4 2025 and at what price?

Star repurchased approximately 0.6M shares for $4.5M at an average price of $7.74. According to the company, the buyback reduced outstanding shares and used available cash.

What is Star Holdings' (STHO) portfolio focus following the 2025 results?

Star Holdings expects to focus on realizing shareholder value by maximizing cash flows through active asset management and asset sales. According to the company, core holdings include Asbury Park waterfront and Magnolia Green projects.

Where can investors find Star Holdings (STHO) Form 10-K for 2025?

Investors can download the Form 10-K for year ended December 31, 2025 from Star Holdings' website or the SEC website. According to the company, the filing contains detailed results, assets, and activities.