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Star Holdings(STHO)Earnings, Financials & Key Ratios
STHO•NASDAQ•REIT / Real Estate
$8.57
$111M mkt cap·Price updated May 6, 2026
AboutStar Holdings engages in the non-ground lease related commercial real estate businesses in the United States. Its portfolio primarily comprises interest in the Asbury Park Waterfront and Magnolia Green residential development projects; and commercial real estate properties and loans that are marketed for sale or monetized. The company is based in New York, New York.Show more
- Revenue$110M+23.9%
- FFO-$59M+28.4%
- FFO/Share-4.50+27.2%
- FFO Payout0%
- FFO per Share-4.50+27.2%
- NOI Margin19.32%+167.1%
- FFO Margin-53.6%+42.2%
- ROE-21.04%+5.6%
- ROA-10.9%+19.7%
- Debt/Assets47.35%+31.9%
- Net Debt/EBITDA12.44
- Book Value/Share20.28-21.7%
STHO Key Insights
Star Holdings (STHO) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Trading at only 0.4x book value
✗Weaknesses
- ✗FFO declining 266.0% TTM
- ✗Low NOI margin of 19.3%
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
STHO Price & Volume
Star Holdings (STHO) stock price & volume — 10-year historical chart
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STHO Growth Metrics
Star Holdings (STHO) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-
3 Years4.65%
TTM-24.76%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-280.23%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-280.16%
Return on Capital
10 Years-2.66%
5 Years-2.66%
3 Years-1.41%
Last Year2.11%
STHO Recent Earnings
Star Holdings (STHO) EPS & revenue vs analyst estimates — last 4 quarters
Q1 2026Latest
Feb 17, 2026EPS
$0.42
Revenue
$25M
Q4 2025
Nov 7, 2025EPS
$0.21
Revenue
$13M
Q3 2025
Aug 7, 2025EPS
$0.26
Revenue
$42M
Q2 2025
May 12, 2025EPS
$0.81
Revenue
$15M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q1 2026Latest | Feb 17, 2026 | $0.42 | $25M |
| Q4 2025 | Nov 7, 2025 | $0.21 | $13M |
| Q3 2025 | Aug 7, 2025 | $0.26 | $42M |
| Q2 2025 | May 12, 2025 | $0.81 | $15M |
Based on last 12 quarters of dataView full earnings history →
STHO Peer Comparison
Star Holdings (STHO) competitors in Real estate owners and developers — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 SAFE | 1.05B | 14.62 | 9.20 | 5.43% | 29.69% | 4.75% | 4.55% | 1.84 |
 LAND | 349.64M | 9.63 | -33.21 | -10.67% | -13.77% | -1.56% | 2% | |
 PINE | 278.66M | 19.45 | -88.41 | 15.9% | -0.64% | -0.14% | 1.31 | |
 STRW | 169.91M | 12.95 | 22.72 | 17.29% | 4.83% | 11.22% | 20.79% | 8.04 |
 NLOP | 197.03M | 13.30 | -1.36 | -100% | -164.75% | -48.77% | 32.54% | |
 GPMT | 66.11M | 1.39 | -1.20 | 187.77% | -30.37% | -7.14% | 4.03% | 2.12 |
 TPVG | 221.89M | 5.48 | 4.49 | 36.55% | 50.62% | 14.02% | 1.33 | |
 BXMT | 3.23B | 19.12 | 29.88 | -13.96% | 6.75% | 2.93% | 8.55% | 4.61 |
Compare STHO vs Peers
Star Holdings (STHO) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
STHO Income Statement
Star Holdings (STHO) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|
| Revenue | 96.11M | 101.17M | 88.86M | 110.14M | 84.01M |
| Revenue Growth % | - | 5.27% | -12.17% | 23.95% | -24.76% |
| Property Operating Expenses | 113.34M | 130.11M | 114.44M | 88.86M | 103.23M |
| Net Operating Income (NOI) | -17.23M▲ 0% | -28.94M▼ 67.9% | -25.57M▲ 11.6% | 21.28M▲ 183.2% | -19.23M▲ 0% |
| NOI Margin % | -17.93% | -28.6% | -28.78% | 19.32% | -22.89% |
| Operating Expenses | 45.22M | 3.07M | -13.52M | 8.82M | -12.86M |
| G&A Expenses | 10.94M | 16.5M | 3.62M | 14.56M | -1.61M |
| EBITDA | -57.54M | -27.43M | -7.73M | 17.68M | -2.37M |
| EBITDA Margin % | -59.87% | -27.11% | -8.7% | 16.05% | -2.82% |
| Depreciation & Amortization | 4.91M | 4.57M | 4.33M | 5.21M | 4M |
| D&A / Revenue % | 5.11% | 4.52% | 4.87% | 4.73% | 4.77% |
| Operating Income | -62.45M▲ 0% | -32M▲ 48.8% | -12.06M▲ 62.3% | 12.46M▲ 203.4% | -6.37M▲ 0% |
| Operating Margin % | -64.98% | -31.63% | -13.57% | 11.32% | -7.58% |
| Interest Expense | 42.04M | 22.97M | 7M | 18.37M | 4M |
| Interest Coverage | -1.49x | -1.39x | -1.72x | 0.68x | - |
| Non-Operating Income | -68.18M | 141.31M | 60.55M | 64.84M | 127.47M |
| Pretax Income | -36.31M▲ 0% | -196.29M▼ 440.6% | -88.36M▲ 55.0% | -70.75M▲ 19.9% | -150.38M▲ 0% |
| Pretax Margin % | -37.78% | -194.01% | -99.44% | -64.23% | -179.01% |
| Income Tax | 0 | 0 | 2K | 27K | 0 |
| Effective Tax Rate % | 0% | 0% | -0% | -0.04% | 0% |
| Net Income | -36.35M▲ 0% | -196.36M▼ 440.2% | -86.75M▲ 55.8% | -64.25M▲ 25.9% | -147.67M▲ 0% |
| Net Margin % | -37.82% | -194.08% | -97.63% | -58.33% | -175.79% |
| Net Income Growth % | - | -440.21% | 55.82% | 25.94% | -280.23% |
| Funds From Operations (FFO) | -31.44M▲ 0% | -191.78M▼ 510.0% | -82.43M▲ 57.0% | -59.03M▲ 28.4% | -143.67M▲ 0% |
| FFO Margin % | -32.71% | -189.56% | -92.76% | -53.6% | -171.02% |
| FFO Growth % | - | -510.04% | 57.02% | 28.38% | -309.31% |
| FFO per Share | -2.36 | -14.40 | -6.19 | -4.50 | -10.91 |
| FFO Payout Ratio % | 0% | 0% | 0% | 0% | 0% |
| EPS (Diluted) | -2.73▲ 0% | -14.74▼ 439.9% | -6.51▲ 55.8% | -4.90▲ 24.7% | -11.21▲ 0% |
| EPS Growth % | - | -439.93% | 55.83% | 24.73% | -280.16% |
| EPS (Basic) | -2.73 | -14.74 | -6.51 | -4.90 | - |
| Diluted Shares Outstanding | 13.32M | 13.32M | 13.32M | 13.11M | 13.17M |
STHO Balance Sheet
Star Holdings (STHO) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|
| Total Assets | 1.01B | 669.2M | 608.65M | 570.2M | 595.86M |
| Asset Growth % | - | -33.44% | -9.05% | -6.32% | -26.1% |
| Real Estate & Other Assets | 9.47M | 8.98M | 81.08M | 10.04M | 342.96M |
| PP&E (Net) | 233.87M | 76.79M | 177.44M | 0 | 575K |
| Investment Securities | 1000K | 1000K | 1000K | 1000K | 1000K |
| Total Current Assets | 97.94M | 262.22M | 100.11M | 51.59M | 42.76M |
| Cash & Equivalents | 4.23M | 50.66M | 34.96M | 50.08M | 40.59M |
| Receivables | 1000K | 0 | 1000K | 1000K | 1000K |
| Other Current Assets | 92.58M | 30.16M | 62.03M | 34K | 0 |
| Intangible Assets | 319K | 180K | 127K | 102K | 104K |
| Total Liabilities | 33.1M | 235.36M | 263.66M | 304.33M | 302.2M |
| Total Debt | 2.01M | 194.43M | 218.44M | 269.99M | 260.02M |
| Net Debt | -2.22M | 143.77M | 183.49M | 219.91M | 219.43M |
| Long-Term Debt | 0 | 192.9M | 0 | 269.36M | 259.27M |
| Short-Term Borrowings | 0 | 0 | 217.35M | 0 | 121K |
| Capital Lease Obligations | 2.01M | 1.54M | 1.09M | 634K | 3.57M |
| Total Current Liabilities | 28.56M | 18.01M | 260.37M | 0 | 42.3M |
| Accounts Payable | 0 | 0 | 0 | 0 | 42.92M |
| Deferred Revenue | 21.2M | 0 | 20.6M | 20.7M | 20.6M |
| Other Liabilities | 2.54M | 22.91M | 2.2M | 13.64M | 3.31M |
| Total Equity | 972.27M▲ 0% | 433.84M▼ 55.4% | 345M▼ 20.5% | 265.87M▼ 22.9% | 293.67M▲ 0% |
| Equity Growth % | - | -55.38% | -20.48% | -22.94% | -84.63% |
| Shareholders Equity | 971.54M | 411.55M | 324.34M | 251.77M | 275.43M |
| Minority Interest | 726K | 22.29M | 20.66M | 14.1M | 18.24M |
| Common Stock | 13K | 13K | 13K | 12K | 13K |
| Additional Paid-in Capital | 0 | 607.62M | 607.62M | 599.62M | 604.1M |
| Retained Earnings | 613.75M | -196.44M | -283.2M | -347.44M | -328.31M |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 |
| Return on Assets (ROA) | -3.62% | -23.45% | -13.58% | -10.9% | -24.78% |
| Return on Equity (ROE) | -3.74% | -27.93% | -22.28% | -21.04% | -50.29% |
| Debt / Assets | 0.2% | 29.05% | 35.89% | 47.35% | 43.64% |
| Debt / Equity | 0.00x | 0.45x | 0.63x | 1.02x | 1.02x |
| Net Debt / EBITDA | - | - | - | 12.44x | 12.44x |
| Book Value per Share | 73.00 | 32.57 | 25.90 | 20.28 | 22.30 |
STHO Cash Flow Statement
Star Holdings (STHO) cash flow — operating, investing & free cash flow history
| Line item | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|
| Cash from Operations | -27.36M | -18.72M | -31.29M | -11.66M | -11.66M |
| Operating CF Growth % | - | 31.58% | -67.15% | 62.74% | 335.01% |
| Operating CF / Revenue % | -28.46% | -18.5% | -35.21% | -10.58% | -13.88% |
| Net Income | -36.31M | -196.29M | -86.75M | -70.77M | -147.67M |
| Depreciation & Amortization | 4.91M | 4.57M | 4.33M | 4.14M | 4M |
| Stock-Based Compensation | -11.81M | 1.78M | 0 | 0 | 0 |
| Other Non-Cash Items | 16.47M | 162.98M | 57.29M | 54.97M | 132.72M |
| Working Capital Changes | -623K | 8.24M | -6.15M | 0 | 752K |
| Cash from Investing | 236.06M | 186.02M | 306K | -1.54M | -34.47M |
| Acquisitions (Net) | 0 | 0 | 42.2M | 0 | 3M |
| Purchase of Investments | -81.74M | 0 | -11.26M | 0 | -6.12M |
| Sale of Investments | 1000K | 0 | 0 | 0 | 0 |
| Other Investing | 327.46M | 200.07M | 5.3M | -1.54M | 4.23M |
| Cash from Financing | -218.31M | -114.06M | 15.81M | 34.83M | 46.23M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 |
| Common Dividends | 0 | 0 | 0 | 0 | 0 |
| Debt Issuance (Net) | 0 | 1000K | 1000K | 0 | 4M |
| Share Repurchases | 0 | 0 | 0 | -7.95M | -3.47M |
| Other Financing | -218.31M | -297.34M | 0 | 34.83M | -167K |
| Net Change in Cash | -9.6M▲ 0% | 53.24M▲ 654.6% | -15.17M▼ 128.5% | 21.63M▲ 242.6% | -3.36M▲ 0% |
| Exchange Rate Effect | 0 | 0 | 0 | 0 | -1000K |
| Cash at Beginning | 17.07M | 7.47M | 60.71M | 45.55M | 44.2M |
| Cash at End | 7.47M | 60.71M | 45.55M | 67.17M | 40.59M |
| Free Cash Flow | -49.84M▲ 0% | -32.77M▲ 34.2% | -67.22M▼ 105.1% | -11.66M▲ 82.7% | -76.73M▲ 0% |
| FCF Growth % | - | 34.24% | -105.12% | 82.66% | -40.36% |
| FCF / Revenue % | -51.86% | -32.39% | -75.65% | -10.58% | -91.34% |
STHO Key Ratios
Star Holdings (STHO) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|
| FFO per Share | -14.4 | -6.19 | -4.5 | -10.91 |
| FFO Payout Ratio | 0% | 0% | 0% | 0% |
| NOI Margin | -28.6% | -28.78% | 19.32% | -22.89% |
| Net Debt / EBITDA | - | - | 12.44x | 12.44x |
| Debt / Assets | 29.05% | 35.89% | 47.35% | 43.64% |
| Interest Coverage | -1.39x | -1.72x | 0.68x | - |
| Book Value / Share | 32.57 | 25.9 | 20.28 | 22.3 |
| Revenue Growth | 5.27% | -12.17% | 23.95% | -24.76% |
STHO SEC Filings & Documents
Star Holdings (STHO) SEC filings — annual & quarterly reports (10-K, 10-Q)
STHO Frequently Asked Questions
Star Holdings (STHO) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Star Holdings (STHO) reported $84.0M in revenue for fiscal year 2025. This represents a 13% decrease from $96.1M in 2022.
Star Holdings (STHO) grew revenue by 23.9% over the past year. This is strong growth.
Star Holdings (STHO) reported a net loss of $147.7M for fiscal year 2025.
Dividend & Returns
Star Holdings (STHO) has a return on equity (ROE) of -21.0%. Negative ROE indicates the company is unprofitable.
Industry Metrics
Star Holdings (STHO) generated Funds From Operations (FFO) of $-143.7M in the trailing twelve months. FFO is the primary profitability metric for REITs.
Explore More STHO
Star Holdings (STHO) financial analysis — history, returns, DCA and operating performance tools
Total Return Calculator
Historical returns with dividends reinvested
DCA Calculator
Dollar cost averaging vs lump sum
Dividend History
Yield, growth, payout safety & DRIP
Earnings History
EPS trends, net income & profitability
Price History
Long-term charts & historical price data
Revenue History
Sales growth patterns & revenue breakdown
Financial Ratios
30 years of market, efficiency and balance-sheet ratios
Valuation
DCF intrinsic value, peer multiples & estimates