secwatch.observer — SEC 8-K summary
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Issuer:     Star Holdings (STHO)
CIK:        0001953366
Form:       8-K
Filed at:   2023-05-12T23:59:59+00:00
Accession:  0001104659-23-059240
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1953366/000110465923059240/0001104659-23-059240-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1953366/000110465923059240/tm2315502d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-059240

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