Star Holdings Q2 FY26 net income turns to USD 41.46 million; revenue falls to USD 19.36 million
STHO•Quarterly results
- Star Holdings swung to net income of $41.46 million in the quarter ended June 30, 2026, from a net loss of $39.72 million.
- Revenue fell 53.96% to $19.36 million, driven by land development revenue dropping to $1.22 million from $26.61 million.
- Unrealized gain on equity investment turned positive at $29.34 million, versus an unrealized loss of $42.73 million.
Real estate sales and asset values
- Income from sales of real estate was $14.37 million, tied to a lease expiration and surrender of a property to a local municipality.
- Carrying value of Asbury Park Waterfront was $120.9 million; Safe Shares fair value was $212.3 million at $15.70.
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