Star Holdings Reports Third Quarter 2026 Net Loss of $45.1 Million
Star Holdings (NASDAQ: STHO) reported a net loss of $45.1 million for the third quarter ended September 30, 2026, resulting in earnings per share of ($3.74). The loss was significantly impacted by a non-cash mark-to-market adjustment of $53.1 million related to the company's investment in approximately 13.5 million shares of Safehold Inc. (NYSE: SAFE). Despite the net loss, the company executed several liquidity-focused maneuvers, including selling municipal debt securities for $50.2 million and a land parcel in Coney Island for $20.0 million. Star Holdings also reduced its margin loan facility balance by $48 million, bringing the outstanding amount down to $46.5 million as it continues to focus on asset monetization and cash flow maximization.
Topics: Asset Sales Debt Reduction Mark-to-market adjustment Net Loss SEC Filing
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Part of the story Star Holdings Reports Third Quarter 2026 Net Loss of $45.1 Million (5 articles)