NASDAQ$STHO

Star Holdings · Q2 2025 earnings

Q2 2025 earnings · · After market close · Investor relations

Briefing

Star Holdings reported a net loss of $39.3 million for Q2 2025 driven by unrealized losses on its Safehold investment.

Star Holdings posted total revenues of $42.1 million for the three months ended June 30, 2025, including $26.6 million from land development sales. The company recorded a net loss allocable to common shareholders of $39.3 million, or $2.95 per share, primarily due to a $42.7 million unrealized loss on its equity investment in Safehold. Cash and cash equivalents stood at $44.2 million with total assets of $589.9 million at quarter end.

  • Q2 2025 revenues reached $42.1 million, up from $30.6 million in Q2 2024, led by higher land development sales of $26.6 million.
  • Net loss widened to $39.3 million due to a $42.7 million unrealized loss on the Safehold equity investment.
  • The company repurchased 29,534 shares for $0.2 million under its $10 million buyback program.
  • Cash position improved to $44.2 million while total assets declined to $589.9 million amid investment fair value changes.

Headline financials

Total Revenue

$42.1M

Previous: $30.6M+37.7%
EPS (adj)

-$2.95

Previous: -$2.04-44.6%
Share Repurchases

$189K

No prior period
Capital Expenditures

-$477K

Previous: -$240K-98.8%
Net Income

-$39.3M

Previous: -$27.1M-45.0%
Operating Income

$37.8M

Previous: $24.8M+52.6%
Cash & Equivalents

$44.2M

Previous: $48.3M-8.4%
Total Assets

$590M

Previous: $601M-1.9%

Revenue & EPS history

Star Holdings · Revenue · Quarterly

$42.1M

Q2 2025+37.7%vs Q2 2024

Revenue by segment

Star Holdings · $26.6M total across 1 segment · Q2 2025

  • Land Development
    $26.6M

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 17 quarterly earnings reports

Historical avg

-0.4%

Avg return

Earnings day

+0.4%

Avg return

5 days after

+0.8%

Avg return

30 days after

35%

6 / 17 earnings

Positive

+3.8%

Q4 2025

Best reaction

-5.7%

Q3 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2025
Q1 2026-0.8%-2.1%+1.9%
Q4 2025+3.8%+7.0%+1.8%
Q3 2025+2.1%+1.9%+4.8%
Q1 2025-0.8%-1.9%+16.4%
Q4 2024-0.9%+3.4%-7.2%
Q3 2024+0.1%+1.7%-8.6%
Q2 2024+2.1%+3.8%+9.3%
Q1 2024-0.4%+3.5%-4.0%
Q4 2023-0.3%+7.0%+8.9%
Q4 2021-0.3%+7.0%+8.9%
Q3 2023-5.7%-6.5%+10.8%
Q3 2022-5.7%-6.5%+10.8%
Q2 2022+0.2%-1.7%-7.0%
Q2 2023+0.2%-1.7%-7.0%
Q1 2022+0.0%-2.5%-8.9%
Q4 2022+0.0%-2.5%-8.9%
Q1 2023+0.0%-2.5%-8.9%

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