secwatch.observer — SEC 8-K summary
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Issuer:     Star Holdings (STHO)
CIK:        0001953366
Form:       8-K
Filed at:   2024-02-27T23:59:59+00:00
Accession:  0001953366-24-000008
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1953366/000195336624000008/0001953366-24-000008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1953366/000195336624000008/stho-20240227x8k.htm
  HTML page:      https://secwatch.observer/filing/0001953366-24-000008

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