earnings
confidence high
sentiment negative
materiality 0.65
Star Holdings reports Q2 net loss of $27.1M, EPS loss $2.04
Star Holdings
2024-Q2 EPS reported
-$5.71
revenue$55,986,000
- Net loss attributable to common shareholders $27.1M, EPS ($2.04) for Q2 2024.
- Non-cash mark-to-market adjustment of $17.7M on ~13.5M SAFE shares reduced EPS by $1.33.
- Land revenues of $15.7M from Coney Island parcel and 50 lots at Magnolia Green.
- Portfolio includes Asbury Park Waterfront, Magnolia Green, and other monetizable assets.