Star Holdings Unveils First Quarter 2026 Performance Amid Challenges

Star Holdings First Quarter Performance in 2026

On May 8, 2026, Star Holdings (NASDAQ: STHO) disclosed its financial results for the first quarter ending March 31, 2026. This announcement came in conjunction with their filing of Form 10-Q with the Securities and Exchange Commission, shedding light on the company's operating performance amidst various market challenges.

For the first quarter, Star Holdings reported a net loss of $10.3 million, equating to a loss of $0.85 per share. Adjustments to earnings were also noted, with a non-cash impact from their investment in around 13.5 million shares of Safehold Inc., which was marked to market pricing. This adjustment accounted for a decrease in earnings of approximately $2.2 million, translating to a 0.18 reduction in earnings per share.

In terms of cash flow and asset management, the company highlighted the receipt of two notable loan repayments: $10.6 million from a mezzanine loan associated with the Surfhouse multifamily development located in Asbury Park and $3.1 million related to a senior mortgage on a New York property. Moreover, Star Holdings actively repurchased about 200,000 shares of its common stock for a total of $2 million, at an average price of $8.45 per share.

As part of ongoing efforts to optimize its portfolio and deliver shareholder value, Star Holdings is recognized for its strategic investments in key projects. These primarily include interests in the Asbury Park Waterfront and the Magnolia Green residential developments, as well as various commercial properties and loans earmarked for sale or monetization.

The company emphasized its commitment to translating portfolio assets into cash flows by enhancing asset management processes and pursuing targeted asset sales. Star Holdings' overarching strategy remains focused on maximizing returns for shareholders through effective actions and decision-making.

Investors and stakeholders interested in the complete details of the latest financial results can access the full Form 10-Q on the company's official website, www.starholdingsco.com, or through the Securities and Exchange Commission's platform at www.sec.gov.

For further inquiries, reporters can reach Pearse Hoffmann, Senior Vice President and Head of Corporate Finance at Star Holdings, at 212.930.9400 or via email at [email protected].

Star Holdings remains dedicated to maintaining transparency with its operations and looks forward to leveraging its portfolio strengths in the upcoming quarters to enhance financial performance and shareholder satisfaction.