Star Holdings Q2 net loss $90.0M, EPS -$6.75 on $76.3M SAFE mark-to-market

Star Holdings

2023-Q2 EPS reported -$13.56 revenue$42,266,000

Net loss of $90.0M and diluted EPS loss of $6.75 for Q2 2023.
Non-cash mark-to-market adjustment of $76.3M on ~13.5M SAFE shares reduced EPS by $5.73.
Monetized $11.8M of assets: 5 condo units at Asbury Ocean Club and 43 lots at Magnolia Green.
Voluntarily repaid $25.0M of Margin Loan Facility, principal balance now $115M.
Received full repayment of one loan for approximately $6.8M during the quarter.

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 for the quarter ended June 30, 2023 results: net income ($90.0 million), EPS ($6.75).

Period: for the quarter ended June 30, 2023
Net income: ($90.0 million)
EPS: ($6.75)
Result: reported results

Exact text from the filing

Net income (loss) attributable to common shareholders for the second quarter was ($90.0 million) and earnings (loss) per share was ($6.75).

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Source: SEC EDGAR

accession 0001558370-23-014275

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