Welcome to our dedicated page for Star Holdings SEC filings (Ticker: STHO), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Star Holdings filings document a Nasdaq-listed Maryland real estate issuer with common shares of beneficial interest and an emerging growth company reporting profile. Periodic reports and earnings 8-Ks disclose operating results, portfolio monetization, land sales, loan activity, SAFE share mark-to-market effects and the economics of its commercial real estate assets.
Its regulatory documents also cover material events such as asset deconsolidation after loan repayment and guarantee release, financing and management-agreement amendments, share repurchase authorization, capital-structure information and governance. Proxy materials address trustee elections, auditor ratification, record dates and shareholder voting matters.
Star Holdings filed a Form 8-K to share its fourth-quarter and full-year 2025 results and note that it has filed its Annual Report on Form 10-K. For the quarter, net loss attributable to common shareholders was $19.1 million, or ($1.51) per share. For the full year, net loss was $64.2 million, or ($4.90) per share.
A major driver was a non-cash mark-to-market adjustment on about 13.5 million SAFE shares, reducing earnings by $24.3 million (or $1.93 per share) in the quarter and $64.8 million (or $4.94 per share) for the year. In the fourth quarter, the company sold a land parcel in Asbury Park for $12.7 million, generating an $11.8 million profit, received full repayment of a $15.0 million loan on a California property, and repurchased about 0.6 million common shares for $4.5 million at an average price of $7.74.
Star Holdings files its annual report describing a strategy focused on liquidating legacy real estate and related assets while managing significant exposure to Safehold shares. The company was created in the 2023 spin-off of iStar’s non‑ground‑lease assets and is externally managed by a Safehold subsidiary.
At December 31, 2025, major development projects Asbury Park Waterfront and Magnolia Green had carrying values of about $127.6 million and $28.9 million, respectively, while a separate monetizing portfolio of loans, land and other assets totaled $149.8 million. Star also held Safehold shares valued at $185.1 million, collateralizing a margin loan that can trigger collateral calls or forced repayment if the share price falls.
For 2025, total revenue was $110.1 million and the company reported a net loss of $70.8 million, driven largely by $64.8 million of unrealized losses on equity investments. Land development revenue declined as lots and parcels were sold, and management warns that future development revenue will fall as inventory is reduced.
Barclays PLC has filed a beneficial ownership report on STAR HOLDINGS common stock. As of 12/31/2025, Barclays reports beneficial ownership of 864,840 shares, representing 6.79% of the outstanding common stock. Barclays has sole voting and sole dispositive power over all of these shares, with no shared voting or dispositive authority reported.
The filing states the position is held in the ordinary course of business and not for the purpose of changing or influencing control of STAR HOLDINGS, nor in connection with any control-related transaction.
Star Holdings furnished an earnings release for the quarter ended September 30, 2025, in a Form 8‑K. The release is attached as Exhibit 99.1 and incorporated by reference. The company states the information is being furnished, not filed, under the Exchange Act, which means it is not subject to Section 18 liability. The materials are not incorporated into Securities Act filings unless specifically referenced.
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.