Star Holdings (NASDAQ: STHO) showed gains Friday, on the announcement that it has filed its Quarterly Report on Form 10-Q for the quarter ended September 30, 2025 with the Securities and Exchange Commission.
Net income (loss) attributable to common shareholders for the third quarter was $1.8 million and earnings (loss) per share was $0.14. These results reflect a non-cash adjustment of ($0.9 million) which decreased earnings per share by $0.07 with respect to our investment in approximately 13.5 million shares of SAFE based on a mark-to-market at quarter end.
During the third quarter, the Company recorded $1.7 million of land revenues, which was comprised of revenues from the sale of 12 lots at Magnolia Green, and received $4.7 million of net cash proceeds related to a legal settlement on a legacy iStar asset.
Additionally, the Company repurchased approximately 0.4 million shares of its outstanding common stock for $3.3 million at an average share price of $8.48.
Star Holdings' portfolio is comprised primarily of interests in the Asbury Park Waterfront, the Magnolia Green residential development projects and other commercial real estate properties and loans that are for sale or otherwise plan to be monetized.
Star Holdings perked 30 cents, or 4.4%, to $7.32.
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