Quarterly ResultMay 8, 2026, 04:17 PM
Star Holdings Q1 Net Loss $10.3M; EPS ($0.85); Repurchases Shares
AI Summary
Star Holdings reported a net loss attributable to common shareholders of ($10.3 million) and earnings per share of ($0.85) for the first quarter ended March 31, 2026. These results include a non-cash adjustment of ($2.2) million, which decreased EPS by $0.18, related to a mark-to-market adjustment on its investment in SAFE shares. During the quarter, the company also received two loan repayments totaling $13.7 million and repurchased approximately 0.2 million shares of its common stock for $2.0 million at an average price of $8.45 per share.
Key Highlights
- Net loss attributable to common shareholders for Q1 2026 was ($10.3 million).
- Earnings per share for Q1 2026 was ($0.85).
- Non-cash adjustment of ($2.2) million decreased EPS by $0.18 due to mark-to-market on SAFE investment.
- Repurchased approximately 0.2 million shares of common stock for $2.0 million.
- Average share price for the buyback was $8.45.
- Received $10.6 million loan repayment on a mezzanine loan at Surfhouse multifamily development.
- Received $3.1 million loan repayment on a senior mortgage on a New York asset.