---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-014275"
form_type: "8-K"
ticker: "STHO"
cik: "0001953366"
company_name: "Star Holdings"
filed_at: "2023-08-09T23:59:59+00:00"
generated_at: "2026-06-11T23:37:41.234962+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001558370-23-014275
- form_type: 8-K
- ticker: STHO
- cik: 0001953366
- company_name: Star Holdings
- filed_at: 2023-08-09T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1953366/000155837023014275/0001558370-23-014275-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1953366/000155837023014275/stho-20230809x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-014275
- JSON: https://secwatch.observer/filing/0001558370-23-014275.json
- Plain text: https://secwatch.observer/filing/0001558370-23-014275.txt

## Key facts
- Earnings Releases
  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
  source text: Net income (loss) attributable to common shareholders for the second quarter was ($90.0 million) and earnings (loss) per share was ($6.75).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1953366/000155837023014275/0001558370-23-014275-index.htm

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