NASDAQ$STHO

Star Holdings · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

Star Holdings reported third quarter results, with net income driven by a non-cash adjustment from SAFE shares.

Star Holdings reported a net income of $91.9 million, with earnings per share of $6.90 for the third quarter of 2024. These results include a $93.8 million non-cash adjustment related to the company's investment in SAFE shares.

  • Net income for the third quarter was $91.9 million.
  • Earnings per share for the third quarter was $6.90.
  • Land revenues were $6.1 million from 31 lots sold at Magnolia Green.
  • Real estate sales income was $3.7 million from condominium closings at Asbury Ocean Club.

Headline financials

Total Revenue

$24.6M

Previous: $43.6M-43.7%
EPS

$6.90

Previous: -$6.15+212.2%
Capital Expenditures

-$652K

Previous: -$882K+26.1%
Free Cash Flow

$91.2M

Previous: -$82.7M+210.3%
Net Income

$91.9M

Previous: -$81.8M+212.3%
Operating Income

$19M

Previous: $33.1M-42.7%
Gross Profit

$24.5M

Previous: $43.5M-43.6%
Cash & Equivalents

$45M

Previous: $45.6M-1.1%
Total Assets

$697M

Previous: $604M+15.3%

Revenue & EPS history

Star Holdings · Revenue · Quarterly

$24.6M

Q3 2024-43.7%vs Q3 2023

Historical earnings impact

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

Avg. return before/after earnings

Based on 17 quarterly earnings reports · overlaid with Q3 2024

Historical avgQ3 2024

-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 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
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 2022-5.7%-6.5%+10.8%
Q3 2023-5.7%-6.5%+10.8%
Q2 2023+0.2%-1.7%-7.0%
Q2 2022+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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