STOCK TITAN
  1. Home
  2. Sec-filings
  3. STHO
  4. [8-K] Star Holdings Reports Material Event

Star Holdings (NASDAQ: STHO) Q2 EPS $3.43 boosted by non-cash gains

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Star Holdings reported second-quarter 2026 results and filed its Quarterly Report on Form 10-Q for the quarter ended June 30, 2026. Net income attributable to common shareholders was $41.4 million and earnings per share were $3.43, including significant non-cash items.

Results include a $29.3 million non-cash mark-to-market adjustment on approximately 13.5 million shares of Safehold Inc., which increased earnings per share by $2.43, and $14.4 million, or $1.19 per share, of deferred non-cash income from surrendering an asset to a local municipality after lease expiration. The portfolio consists mainly 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 planned to be monetized, along with shares of Safehold Inc. Star Holdings plans to realize value primarily by maximizing cash flows through active asset management and asset sales.

Positive

  • None.

Negative

  • None.

Filing Explained

The August 7 release is furnished rather than filed, while June 30 cash was 52.8 million dollars against 2.8 million dollars of operating cash outflow.

Form 8-K reports specified material events within four business days; this filing furnishes an earnings release for the quarter ended June 30, 2026.

The release and its exhibit are expressly not deemed filed under Section 18, and they are not incorporated into a registration statement or other Securities Act document unless specifically incorporated.

The stated consequence is the release’s filing treatment; the company directs readers to its Form 10-Q for further details on results, operations, assets, and activities.

As of June 30, 2026, cash and equivalents were $52.807 million, while second-quarter operating cash flow was negative $2.832 million.

A supplied comparison expresses that cash balance as 1,678.2 days of the quarter’s operating cash use.

The relevant condition to monitor is whether a registration statement specifically incorporates the release, because the 8-K says it is not incorporated unless that occurs.

Sources and calculations
  • Cash and equivalents vs quarterly operating cash outflow, in days of cash use $52,807,000 / ($2,832,000 / 90) = [object Object]
Item 2.02 Results of Operations and Financial Condition Financial
Disclosure of earnings results, typically an earnings press release or preliminary financials.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Net income attributable to common shareholders $41.4 million Second quarter 2026
Earnings per share $3.43 Second quarter 2026
Non-cash mark-to-market adjustment $29.3 million SAFE investment, increased EPS by $2.43
SAFE shares held approximately 13.5 million shares Investment in Safehold Inc. based on quarter-end mark-to-market
Deferred non-cash income $14.4 million From surrendering an asset after lease expiration, $1.19 per share
Quarter end date June 30, 2026 Quarterly period for reported results
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.
deferred non-cash income financial
"recognized $14.4 million, or $1.19 per share, of deferred non-cash income"
Quarterly Report on Form 10-Q regulatory
"filed its Quarterly Report on Form 10-Q for the quarter ended June 30, 2026"
A quarterly report on Form 10-Q is a standardized financial filing public companies must submit to U.S. regulators every three months, summarizing recent financial results, cash flows, balance sheet changes, operations and material risks or legal developments. Investors treat it like a company report card that shows up-to-date facts rather than marketing copy, helping them track performance, spot trends, reassess risk and make buy or sell decisions.
monetized financial
"other commercial real estate properties and loans that are for sale or otherwise plan to be monetized"
Net income attributable to common shareholders $41.4 million
Earnings per share $3.43
Non-cash mark-to-market adjustment on SAFE investment $29.3 million; EPS impact $2.43
Deferred non-cash income from asset surrender $14.4 million; $1.19 per share

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

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google
Understanding 8-K Material Events →

FAQ

What were Star Holdings (STHO) Q2 2026 earnings and EPS?
Star Holdings reported net income attributable to common shareholders of $41.4 million and earnings per share of $3.43 for the second quarter of 2026, covering the quarter ended June 30, 2026, as disclosed in its earnings release and Form 10-Q filing.

How did non-cash adjustments affect Star Holdings (STHO) Q2 2026 EPS?
Second-quarter EPS was significantly influenced by non-cash items: a $29.3 million mark-to-market adjustment on SAFE shares that increased EPS by $2.43, plus $14.4 million, or $1.19 per share, of deferred non-cash income from surrendering an asset.

What is the size of Star Holdings’ (STHO) investment in Safehold Inc.?
Star Holdings’ results reflect its investment in approximately 13.5 million shares of Safehold Inc. (NYSE: SAFE), with a $29.3 million non-cash mark-to-market adjustment on this position recorded at quarter end in Q2 2026.

What generated Star Holdings’ (STHO) deferred non-cash income in Q2 2026?
The company recognized $14.4 million, or $1.19 per share, of deferred non-cash income after surrendering an asset to a local municipality following the expiration of a lease, contributing to reported earnings for the second quarter of 2026.

Where can investors find detailed Q2 2026 financials for Star Holdings (STHO)?
Detailed financial information is available in Star Holdings’ Quarterly Report on Form 10-Q for the quarter ended June 30, 2026, which can be downloaded from www.starholdingsco.com or the SEC’s website at www.sec.gov.

What assets and strategy define Star Holdings’ (STHO) current portfolio?
The portfolio primarily includes interests in the Asbury Park Waterfront, Magnolia Green residential projects, and other commercial real estate properties and loans for sale or monetization, plus shares of Safehold Inc., with an emphasis on realizing value through cash flow maximization and asset sales.
0001953366false0001953366dei:FormerAddressMember2026-08-072026-08-0700019533662026-08-072026-08-07

​

​

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): August 7, 2026

Star Holdings

(Exact name of registrant as specified in its charter)

​

​

​

​

Maryland

001-41572

37-6762818

(State or other jurisdiction of incorporation)

(Commission File Number)

(IRS Employer Identification No.)

​

One Penn Plaza, 51st Floor

New York, New York 10119

(Address of principal executive offices, including zip code)

Registrant’s telephone number, including area code: (212) 930-9400

1114 Avenue of the Americas, 39th Floor

New York, NY 10036

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

​

​

​

​

​

​

Title of each class

  ​ ​ ​

Trading Symbol(s)

  ​ ​ ​

Name of each exchange on which registered

Common shares of beneficial interest, $0.001 par value

 

STHO

 

Nasdaq Global Market

​

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☒

​

​

​

​

Item 2.02Results of Operations and Financial Condition.

On August 7, 2026, Star Holdings issued an earnings release for the quarter ended June 30, 2026. A copy of the earnings release is attached as Exhibit 99.1 hereto and incorporated herein by reference.

 

The information in this Current Report, including the exhibit hereto, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section. The information in this Current Report shall not be incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended, unless it is specifically incorporated by reference therein.

​

Item 9.01Financial Statements and Exhibits.

Exhibit 99.1Earnings Release.

Exhibit 104Inline XBRL for the cover page of this Current Report on Form 8-K.

​

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this Report to be signed on its behalf by the undersigned, thereunto duly authorized.

​

​

​

​

​

​

​

Star Holdings

​

​

​

​

Date:

August 7, 2026

By:

/s/ BRETT ASNAS

​

​

​

Brett Asnas

​

​

​

Chief Financial Officer

​

​

​

(principal financial officer)

​

​

​

​

Graphic

Exhibit 99.1

Press Release

Star Holdings Reports Second Quarter 2026 Results

​

NEW YORK, August 7, 2026

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.

●●●

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

1114 Avenue of the Americas

New York, NY 10036
T 212.930.9400

E investors@starholdingsco.com

​

Source: View Original Filing on SEC EDGAR

Filing Exhibits & Attachments

5 documents

Press Releases

Other Documents