Star Holdings Logs $64.2M Annual Loss; Sells Land for $12.7M, Repurchases $4.5M Stock
Star Holdings posted a $19.1M Q4 net loss and a $64.2M fiscal 2025 loss, with EPS reduced by a $24.3M non-cash SAFE investment adjustment. In Q4 it sold an Asbury Park land parcel for $12.7M (profit $11.8M), received a $15.0M loan repayment and repurchased 0.6M shares for $4.5M.
1. Fourth Quarter and Full-Year Results
Star Holdings recorded a net loss attributable to common shareholders of $19.1M in Q4 and $64.2M for fiscal 2025, corresponding to EPS of negative $1.51 and $4.90 respectively. These results include a non-cash mark-to-market adjustment of $24.3M for Q4 and $64.8M for the full year related to its 13.5M shares of Safehold Inc.
2. Q4 Transactions and Cash Flow Events
During Q4, the company sold an Asbury Park land parcel for $12.7M, netting an $11.8M profit, received full repayment of a $15.0M loan on a California property, and repurchased approximately 0.6M shares of common stock for $4.5M at an average price of $7.74 per share.
3. Portfolio Composition and Strategic Focus
Star Holdings’ portfolio comprises interests in the Asbury Park Waterfront, Magnolia Green residential development and other commercial properties and loans targeted for monetization. The company aims to maximize shareholder value by managing cash flows through active asset sales and asset management.