Star Holdings reports Q1 net loss of $90.7M; mark-to-market charge on SAFE shares

Star Holdings

2023-Q1 EPS reported -$6.81 revenue$16,786,000

Net loss attributable to common shareholders of $90.7M; diluted EPS of ($6.81).
Non-cash adjustment of $90.7M from SAFE investment no longer qualifying for equity method accounting.
Spin-off from iStar/Safehold completed on Mar 31, 2023; results not indicative of future standalone performance.
Portfolio includes Asbury Park Waterfront, Magnolia Green, other CRE assets, and SAFE shares.
Full financial details available in Form 10-Q for Q1 2023 filed with SEC.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Star Holdings reported financial results for the quarter ended March 31, 2023.

Period: the quarter ended March 31, 2023
Result: reported results

Exact text from the filing

On May 11, 2023, Star Holdings issued an earnings release for the quarter ended March 31, 2023.

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Source: SEC EDGAR

accession 0001104659-23-059240

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