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Star Holdings

STHO

Star Holdings is a real estate company formed to manage and monetize a legacy portfolio of non-ground lease assets following its spin-off from iStar Inc. The company's core value proposition is focused on maximizing shareholder value through the active asset management, development, and strategic sale of its existing real estate holdings and financial interests.

Market cap
$112.11M+15.8%
Revenue$116.5M+13.6%
Net income-$66.9M-47.4%
EPS (diluted)-$5.16-51.3%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 6, 2026 (In 1 week)

Financials

Q1 2026

Income statement

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Revenue$20.9M+43.2%
Net income-$10.3M-34.9%
EPS (diluted)-$0.85-49.1%

Balance sheet

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Cash & equivalents$46.4M+53.0%
Total debt$207.5M-10.7%
Total equity$238.9M-24.4%
Total assets$480.4M-22.3%

Cash flow

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Operating cash flow-$8.4M-32.8%

Valuation & ratios

Valuation

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Market cap$112.11M+15.8%
Enterprise value$273.25M-9.8%
P/S+0.1×

Profitability

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Net margin-57.4%+24.3pp

Returns & leverage

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Return on equity-24.1%+97.9pp
Debt / equity0.9×+0.1×

Segments

By product

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Land Development$11.0M+112%
Operating Lease Income$2.0M+9.9%
Interest Income Revenue$497.0K-54.8%

Competitors

Profile

Star Holdings is a real estate company formed to manage and monetize a legacy portfolio of non-ground lease assets following its spin-off from iStar Inc. The company's core value proposition is focused on maximizing shareholder value through the active asset management, development, and strategic sale of its existing real estate holdings and financial interests.

Competitive position

A specialized vehicle focused on the wind-down and monetization of a specific legacy portfolio of diversified real estate assets.

GeographiesUnited States, New Jersey, Virginia
Customer segmentsReal estate investors, Residential consumers, Hospitality guests
Business modelAsset liquidation, Property development, Owner-operator
SuppliersExternal management services, Credit facilities, Construction contractors, Municipal redevelopment authorities
CustomersInstitutional real estate buyers, National and regional homebuilders, Leisure and business travelers, Retail and commercial tenants
Listed2023
CEOJay S. Sugarman
FilingsSEC EDGAR

Questions, answered.

What is Star Holdings's market cap?
Star Holdings (STHO) has a market capitalization of $112.1M and trades on NASDAQ.
What is Star Holdings's revenue and profitability?
Star Holdings generated $116.5M in trailing twelve-month revenue with a net loss of $66.9M, representing a net margin of -57.4%. These figures are based on the Q1 2026 filing.
Who are Star Holdings's competitors?
Star Holdings's key competitors include Lennar Corporation, Host Hotels & Resorts, Howard Hughes Holdings, and others. These companies compete in similar markets and product categories.
Who does Star Holdings partner with?
Star Holdings's notable partners include Safehold Inc..
What subsidiaries does Star Holdings have?
Star Holdings's subsidiaries include Asbury Partners, LLC.
Where is Star Holdings headquartered?
Star Holdings is headquartered in United States of America. It has been publicly traded since 2023.