Star Holdings specializes in commercial real estate operations across the United States, specifically focusing on ventures that do not involve ground leases. The company's portfolio predominantly features equity interests in residential development initiatives like the Asbury Park Waterfront and Magnolia Green. Additionally, it holds commercial real estate properties and related loans that are being marketed for sale or prepared for monetization. The firm is headquartered in New York, New York.
Star Holdings Reports Second Quarter 2026 Results
Star Holdings reported second quarter net income of $41.4 million, or $3.43 per share, significantly boosted by a $29.3 million non-cash mark-to-market gain on its 13.5 million share investment in Safehold Inc. (SAFE).
The company noted that this $2.43 per share gain reflects the appreciation of SAFE shares during the quarter ended June 30, 2026.
Additionally, Star Holdings recognized $14.4 million ($1.19 per share) in deferred non-cash income related to an asset surrender to a local municipality.