Star Holdings reports FY2023 net loss of $196.4M; Q4 net income of $66.1M

Star Holdings

2023-FY EPS reported -$14.74 revenue$123,053,000

FY2023 net loss attributable to common shareholders of $196.4M ($14.74 loss per share), vs Q4 net income of $66.1M ($4.96 EPS).
Non-cash mark-to-market on 13.5M SAFE shares: Q4 +$75.7M ($5.69 EPS), FY -$171.4M (-$12.87 EPS).
Monetized $26.2M of land and development assets in Q4, including Asbury Park parcel and 71 lots at Magnolia Green.
Transferred subsidiary ownership for $10.6M mezzanine note on Asbury Park multifamily project with $80M senior construction loan.
Voluntarily repaid $19.8M of margin loan, reducing balance to $81.9M at year end.

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 the quarter and fiscal year ended December 31, 2023 results: net income Net income (loss) attributable to common shareholders was $66.1 million for the fourth quarter, and ($196.4) million for, EPS Earnings (loss) per share was $4.96 for the fourth quarter, and ($14.74) for the year..

Period: the quarter and fiscal year ended December 31, 2023
Net income: Net income (loss) attributable to common shareholders was $66.1 million for the fourth quarter, and ($196.4) million for
EPS: Earnings (loss) per share was $4.96 for the fourth quarter, and ($14.74) for the year.
Result: reported results

Exact text from the filing

Star Holdings Reports Fourth Quarter and Fiscal Year 2023 Results

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Source: SEC EDGAR

accession 0001953366-24-000008

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