---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-059240"
form_type: "8-K"
ticker: "STHO"
cik: "0001953366"
company_name: "Star Holdings"
filed_at: "2023-05-12T23:59:59+00:00"
generated_at: "2026-06-15T02:55:10.397943+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-23-059240
- form_type: 8-K
- ticker: STHO
- cik: 0001953366
- company_name: Star Holdings
- filed_at: 2023-05-12T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1953366/000110465923059240/0001104659-23-059240-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1953366/000110465923059240/tm2315502d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-059240
- JSON: https://secwatch.observer/filing/0001104659-23-059240.json
- Plain text: https://secwatch.observer/filing/0001104659-23-059240.txt

## Key facts
- Earnings Releases
  Star Holdings reported financial results for the quarter ended March 31, 2023.
  - Period: the quarter ended March 31, 2023
  - Result: reported results
  source text: On May 11, 2023, Star Holdings issued an earnings release for the quarter ended March 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1953366/000110465923059240/0001104659-23-059240-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.