---
schema_version: "secwatch.filing_event.v1"
accession: "0001953366-24-000008"
form_type: "8-K"
ticker: "STHO"
cik: "0001953366"
company_name: "Star Holdings"
filed_at: "2024-02-27T23:59:59+00:00"
generated_at: "2026-06-05T13:21:17.657897+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001953366-24-000008
- form_type: 8-K
- ticker: STHO
- cik: 0001953366
- company_name: Star Holdings
- filed_at: 2024-02-27T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1953366/000195336624000008/0001953366-24-000008-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1953366/000195336624000008/stho-20240227x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001953366-24-000008
- JSON: https://secwatch.observer/filing/0001953366-24-000008.json
- Plain text: https://secwatch.observer/filing/0001953366-24-000008.txt

## Key facts
- Earnings Releases
  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
  source text: Star Holdings Reports Fourth Quarter and Fiscal Year 2023 Results
  evidence_url: https://www.sec.gov/Archives/edgar/data/1953366/000195336624000008/0001953366-24-000008-index.htm

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