---
schema_version: "secwatch.filing_event.v1"
accession: "0001953366-24-000015"
form_type: "8-K"
ticker: "STHO"
cik: "0001953366"
company_name: "Star Holdings"
filed_at: "2024-05-10T23:59:59+00:00"
generated_at: "2026-06-02T04:16:53.182077+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Star Holdings reports Q1 net loss of $49M, EPS loss of $3.68

## Summary
- Net loss attributable to common shareholders of $49.0M, EPS loss of $3.68.
- Non-cash mark-to-market adjustment of $37.9M on 13.5M SAFE shares reduced EPS by $2.84.
- Land revenue of $16.6M primarily from Asbury Park land parcel and 52 lots at Magnolia Green.
- No guidance updates; company focuses on asset monetization and maximizing cash flows.

## SEC filing metadata
- accession: 0001953366-24-000015
- form_type: 8-K
- ticker: STHO
- cik: 0001953366
- company_name: Star Holdings
- filed_at: 2024-05-10T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1953366/000195336624000015/0001953366-24-000015-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1953366/000195336624000015/stho-20240510x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001953366-24-000015
- JSON: https://secwatch.observer/filing/0001953366-24-000015.json
- Plain text: https://secwatch.observer/filing/0001953366-24-000015.txt

## Key facts
- Earnings Releases
  Star Holdings reported the quarter ended March 31, 2024 results: revenue $16.6 million, net income ($49.0 million), EPS ($3.68).
  - Period: the quarter ended March 31, 2024
  - Revenue: $16.6 million
  - Net income: ($49.0 million)
  - EPS: ($3.68)
  - Result: reported results
  source text: by ($2.84) with respect to our investment in approximately 13.5 million shares of SAFE based on a mark-to-market at quarter end. During the first quarter, the Company recorded $16.6 million of land revenues, which was primarily comprised of a land parcel at Asbury Park and 52 lots at Magnolia Green. Further details regarding the Company's results of operations,
  evidence_url: https://www.sec.gov/Archives/edgar/data/1953366/000195336624000015/0001953366-24-000015-index.htm

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