Star Holdings announced on May 8 that it has filed its Quarterly Report on Form 10-Q for the quarter ended March 31, 2026 with the Securities and Exchange Commission.
The company reported a net loss attributable to common shareholders of $10.3 million for the first quarter, with a loss per share of $0.85. This result includes a non-cash adjustment of $2.2 million related to Star Holdings’ investment in approximately 13.5 million shares of Safehold Inc., which decreased earnings per share by $0.18 based on mark-to-market valuation at the end of the quarter.
During the first quarter, Star Holdings received two loan repayments: one on a $10.6 million mezzanine loan at the Surfhouse multifamily development in Asbury Park and another on a $3.1 million senior mortgage secured by a New York asset. The company also repurchased about 200,000 shares of its outstanding common stock for $2 million at an average price of $8.45 per share.
Further details regarding operations, assets, and activities are available in Star Holdings’ Form 10-Q for the period ended March 31, which can be downloaded from both www.starholdingsco.com and www.sec.gov.
Star Holdings’ portfolio consists mainly of interests in Asbury Park Waterfront, Magnolia Green residential development projects, other commercial real estate properties and loans that are either up for sale or intended to be monetized over time. The company also owns shares in Safehold Inc., according to information provided by Star Holdings.
