Every 10-Q that Star Holdings (STHO) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow STHO and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full STHO filings page.
Star Holdings, a Maryland statutory trust formed to monetize legacy iStar non-ground lease assets, reported a strong swing to profitability for the quarter and six months ended June 30, 2026, driven largely by its investment in Safehold Inc. and a real estate sale. Net income for the quarter was $41,460 (in thousands) versus a loss of $39,721 (in thousands) a year earlier; six‑month net income was $27,002 (in thousands) versus a loss of $47,767 (in thousands).
The company owns about 13.5 million Safe shares, representing 19.0% of Safe’s common stock, with a fair value of $212.3 million. Unrealized gains on this stake contributed $29,344 (in thousands) in the quarter. Asset-level monetization continued: income from sales of real estate was $14,365 (in thousands), while land development revenue declined as prior bulk lot sales were not repeated.
At June 30, 2026, total assets were $508,221 (in thousands) and total debt obligations, net, were $208,838 (in thousands), primarily a $115.0 million Safe Credit Facility and a $94.5 million Margin Loan Facility secured by the Safe shares, both maturing in 2028. Cash and restricted cash totaled $52,807 (in thousands). The company repurchased 0.2 million shares for $2.0 million under a completed $10.0 million buyback and had 12,081,333 shares outstanding. Management fees to Safe’s affiliate are stepping down, but an early termination before March 31, 2027 could trigger a substantial termination fee. The company does not expect to pay regular dividends and plans to fund obligations mainly through asset sales, operations and existing credit facilities, while noting that declines in Safe’s share price could require additional collateral or prepayments on the Margin Loan Facility.
Star Holdings reported a wider net loss for the quarter ended March 31, 2026 as it continues monetizing legacy real estate and financial assets. Total revenue rose to $20.9 million from $14.6 million, driven mainly by higher land development sales and other income, including a legal settlement.
Costs increased faster than revenue, with interest expense, real estate operating costs, and depreciation pushing the company to a net loss of $14.5 million, or $(0.85) per share, compared with a $8.0 million loss a year earlier. Results also reflected a $2.2 million unrealized loss on its equity stake in Safehold Inc. as Safe’s share price declined in the period.
At quarter-end, Star Holdings had $480.4 million in total assets, including $183.0 million of Safehold stock and $62.1 million of cash and restricted cash, against $207.0 million of debt. The company continued its runoff strategy, selling land and development assets and repurchasing $2.0 million of its own shares while remaining in compliance with all debt covenants.
Star Holdings (STHO) filed its Q3 2025 10‑Q, reporting modest profit for the quarter and a year‑to‑date loss. Q3 revenues were $28.1 million, up from $24.6 million, led by $23.5 million of other income and $1.7 million of land development revenue. Net income was $0.3 million, with $1.8 million allocable to common shareholders. For the nine months, revenue was $84.8 million and net loss was $47.5 million, largely reflecting a $40.4 million unrealized loss on its equity investment.
Total assets were $595.9 million, including cash of $40.6 million and an equity stake in Safehold valued at $209.5 million (13.5 million shares at $15.49). Debt obligations, net, were $259.3 million; shareholders’ equity was $293.7 million. The company repurchased 0.4 million shares for $3.5 million; $6.5 million remains authorized. Debt consists of a $115.0 million Safe Credit Facility at 8.00%, a $89.3 million Margin Loan at SOFR + 3.50%, and a $56.9 million senior construction loan at SOFR + 6.85%, with principal maturities concentrated in 2027–2028. The Asbury Park multifamily venture began operations in September and is consolidated as a VIE. The company reported compliance with all financial covenants.