Star Holdings Reports Third Quarter 2026 Results

Asset sales generated gains, while a non-cash adjustment to the SAFE investment weighed on quarterly earnings.

Rhea-AI Summary

Star Holdings (NASDAQ: STHO) reported a net loss attributable to common shareholders of $45.1 million for the third quarter of 2026. Loss per share was $3.74. Results included a $53.1 million non-cash downward adjustment to its investment in approximately 13.5 million SAFE shares, reducing earnings per share by $4.40.

During the quarter, Star Holdings sold its municipal debt securities portfolio for $50.2 million, realizing a $4.5 million gain. It also sold a Coney Island land parcel for $20.0 million, recognizing a $4.7 million profit. The company voluntarily reduced its outstanding margin loan balance from $94.5 million to $46.5 million and filed its Form 10-Q for the quarter ended September 30, 2026.

3 points · 0 major

MixediHow this balance works

How this balance works

Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.

It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

How the balance worksHow Sentiment works

0 major · 2 points

How the balance works

Positive

• Moderate pointOutstanding margin loan balance reduced voluntarily from $94.5 million to $46.5 million.
• Moderate pointMunicipal debt securities portfolio sold for $50.2 million, realizing a $4.5 million gain. 6.7% of market cap
• Minor pointConey Island land parcel sold for $20.0 million, recognizing a $4.7 million profit.

Negative

• Moderate pointThird-quarter 2026 net loss attributable to common shareholders was $45.1 million, or $3.74 per share.
• Minor pointSAFE investment incurred a $53.1 million non-cash downward adjustment, reducing third-quarter earnings per share by $4.40.

Key Figures

Net loss: ($45.1) million Loss per share: ($3.74) Non-cash adjustment: ($53.1) million +5 more

Net loss

($45.1) million

Third quarter 2026; attributable to common shareholders

Loss per share

($3.74)

Third quarter 2026

Non-cash adjustment

($53.1) million

SAFE investment mark-to-market at quarter end

EPS impact

($4.40)

Decrease in earnings per share from the non-cash adjustment

Municipal debt securities sale

$50.2 million

Portfolio sale proceeds during the third quarter

Municipal securities gain

$4.5 million

Realized gain on the portfolio sale

Land parcel sale profit

$4.7 million

Coney Island parcel sold for $20.0 million

Margin loan balance

From $94.5 million to $46.5 million

Voluntary paydown during the third quarter

Previous Earnings Reports

5 past events · Latest: Aug 07

Same Type 5 events

1. Aug 07

   Q2 earnings

   24h Move

   -2.1%

   Reported $41.4 million income with a $29.3 million non-cash SAFE-share mark-to-market gain.

2. May 08

   Q1 earnings

   24h Move

   +0.2%

   Reported a $10.3 million loss and a $2.2 million SAFE-share mark-to-market adjustment.

3. Feb 17

   Q4 earnings

   24h Move

   +1.2%

   Reported Q4 and annual losses, including a SAFE-share mark-to-market charge.

4. Nov 07

   Q3 earnings

   24h Move

   +2.9%

   Reported quarterly income alongside a $0.9 million SAFE-share mark-to-market adjustment.

5. Aug 07

   Q2 earnings

   24h Move

   -1.3%

   Reported a $39.3 million loss, primarily reflecting a $42.7 million SAFE-share adjustment.

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, margin loan facility

3 terms

form 10-q regulatory

"filed its Quarterly Report on Form 10-Q for the quarter ended September 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.

margin loan facility financial

"outstanding balance on our margin loan facility"

A margin loan facility is a credit line from a broker or bank that lets an investor borrow money using their existing shares or securities as collateral to buy more investments. It matters because it increases buying power and can boost profits, but it also magnifies losses and can trigger forced sales (margin calls) if asset values fall, so investors must weigh higher potential returns against greater financial risk.

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

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NEW YORK, Nov. 6, 2026 /PRNewswire/ -- Star Holdings (NASDAQ: STHO) announced today that it has filed its Quarterly Report on Form 10-Q for the quarter ended September 30, 2026 with the Securities and Exchange Commission. 

Net income (loss) attributable to common shareholders for the third quarter was ($45.1) million and earnings (loss) per share was ($3.74). These results reflect a non-cash adjustment of ($53.1) million, which decreased earnings (loss) per share by ($4.40) with respect to our investment in approximately 13.5 million shares of SAFE based on a mark-to-market at quarter end.

During the third quarter, the Company sold its portfolio of municipal debt securities for $50.2 million and realized a gain of $4.5 million. The Company also sold a land parcel in Coney Island for $20.0 million and recognized a profit of $4.7 million. Additionally, the Company voluntarily paid down the outstanding balance on its margin loan facility from $94.5 million to $46.5 million.

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 September 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-third-quarter-2026-results-302932403.html

SOURCE Star Holdings

FAQ

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

How much did Star Holdings reduce its margin loan balance in the third quarter of 2026?

Star Holdings voluntarily reduced its outstanding margin loan balance from $94.5 million to $46.5 million during the third quarter of 2026.