Star Holdings reports Q3 net loss attributable to common shareholders of $45.1 million
STHO•Star Holdings reported a third-quarter net loss attributable to common shareholders of $45.1 million, including a $53.1 million non-cash mark-to-market loss on its SAFE investment. It sold $50.2 million of municipal debt securities and a Coney Island land parcel for $20 million, and reduced its margin loan balance by 51% to $46.5 million.
1. Third-quarter results
Star Holdings reported a third-quarter net loss attributable to common shareholders of $45.1 million, reflecting a $53.1 million non-cash mark-to-market adjustment loss on its SAFE investment. The company sold $50.2 million of municipal debt securities and a Coney Island land parcel for $20 million. It voluntarily reduced its outstanding margin loan facility balance by 51% to $46.5 million.
