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

Market Context

Tag-specific earnings history showed an average move of 0.2% across five events. That record places ...

Analysis

Tag-specific earnings history showed an average move of 0.2% across five events. That record places this report’s non-cash income items in context; key risks include valuation adjustments and asset monetization.

Key Figures

Net income: $41.4 million EPS: $3.43 SAFE mark-to-market adjustment: $29.3 million +4 more

7 metrics

Net income $41.4 million Second quarter 2026, attributable to common shareholders

EPS $3.43 Second quarter 2026

SAFE mark-to-market adjustment $29.3 million Non-cash adjustment at quarter end

EPS impact $2.43 Increase from SAFE investment adjustment

SAFE shares approximately 13.5 million shares Investment subject to mark-to-market adjustment

Deferred non-cash income $14.4 million Recognized after surrendering an asset to a local municipality

EPS impact $1.19 per share Deferred non-cash income

Previous Earnings Reports

5 past events · Latest: May 08 (Negative)

Same Type Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
May 08	1Q26 earnings	Negative	+0.2%	Reported Q1 loss and SAFE mark-to-market charge, while shares rose modestly.
Feb 17	FY25 earnings	Negative	+1.2%	Reported quarterly and annual losses with SAFE valuation charges; shares nevertheless advanced.
Nov 07	3Q25 earnings	Positive	+2.9%	Reported quarterly profit and operational proceeds; shares posted the strongest listed earnings reaction.
Aug 07	2Q25 earnings	Negative	-1.3%	Reported Q2 loss and substantial SAFE adjustment; shares declined after publication.
May 12	1Q25 earnings	Negative	-2.0%	Reported Q1 loss alongside land revenue and financing updates; shares fell.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Earnings reactions aligned with reported results in three of five tag-matched events and diverged in two.

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.

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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.

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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 

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

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.