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Stock research / United States / STHO · Lessors Of Real Property, Nec · Nasdaq

Star Holdings (STHO)

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Star Holdings (STHO) reported revenue of $19 million for Q2 FY2026, the quarter ended 30 June 2026, down 54.0% on the same quarter a year earlier. Net income was $41 million, and diluted earnings per share $3.43. The figures are the company's own, from the 10-Q it filed with the SEC on 7 August 2026.

Revenue$19 milliondown 54.0%
Net income$41 million
Diluted EPS$3.43
QuarterQ2 FY2026ended 30 June 2026

Star Holdings (STHO) in brief

Star Holdings (STHO) reported revenue of $110 million for fiscal 2025, the year ended 31 December 2025, down 2.8% on the year before.
Read moreNet loss was $64 million and the diluted loss per share $4.90. Revenue was $113 million in fiscal 2024, $123 million in fiscal 2023, $124 million in fiscal 2022 and $272 million in fiscal 2021. Net income in the same years was a loss of $87 million, a loss of $196 million, a loss of $36 million and $63 million. Over the twelve months to 30 June 2026, Star Holdings reported revenue of $94 million and net income of $14 million. Star Holdings had 12 million shares outstanding at the latest filed count. At the close of 30 October 2026 the market cap of Star Holdings was $90 million, 6.2 times its earnings over the last twelve months.

Ratios

From the filings

ROE4.9%
ROCE-2.5%
Operating margin-13.0%
Net margin14.8%
FCF margin-21.0%
Interest covern/a
Debt to equity0.74
Cash conversion-1.00
Share count, last 12 months-9.1%
Sales CAGR, 3 years-3.9%
Profit CAGR, 3 yearsn/a
EPS, TTM$1.20

At the close of 30 October 2026

Price$7.46
Market cap$90 million
Stock P/E6.22
Price to book0.32
EV / EBITDAn/a
Dividend yieldn/a
Market cap / sales0.96
52-week high$9.93
52-week low$7.01
Price, 1 year1.2%
Price CAGR, 3 years-13.3%
Price CAGR, 5 yearsn/a
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on long-term debt as Star Holdings files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
STHOgreeksoup.ai
Daily prices to 30 October 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on STHO

Dividendsno dividend in its filings for fiscal 2021 onward
Filings17 in twelve months: 10 current reports (8-K), about 4 results of operations; 2 material agreement; 1 regulation FD disclosure; 1 other events; 1 shareholder vote
Planned insider salesno Form 144 notice in twelve months
Options tapeput/call 0.11 by open interest at the 30 October 2026 close; the straddle prices a 22.3% move to 20 November 2026
13F holders79 funds reported a position for the quarter to 30 June 2026; largest Toronto Dominion Bank
Insider trading0 sales and 0 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest81,318 shares short, 1.14 days to cover at 15 October 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 18 quarters

Q1 FY2022Q2 FY2022Q3 FY2022Q4 FY2022 *Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue26.940.738.418.116.825.543.637.225.430.624.632.814.642.128.125.420.919.4
Operating income-13.1-29.8-11.4-52.8-30.1-12.9-1.3-9.4-11.1-10.2-6.11.9-11.23.01.21.1-12.3-2.2
Operating margin-49%-73%-30%-292%-179%-51%-3%-25%-44%-34%-25%6%-77%7%4%4%-59%-12%
Interest expense13.2n/an/an/a10.1n/an/an/an/an/an/an/an/an/an/an/an/an/a
Pre-tax incomen/an/an/an/a-90.7-89.9-81.866.1-49.0-28.091.5-103-8.0-39.70.3-23.3n/an/a
Tax raten/an/an/an/an/an/an/an/an/an/a0%n/an/an/an/an/an/an/a
Net income-0.5-20.917.5-32.4-90.7-90.0-81.866.1-49.0-27.191.9-103-7.6-39.31.8-19.1-10.341.4
Net margin-2%-51%46%-180%-540%-353%-188%178%-193%-89%374%-313%-52%-93%6%-75%-49%214%
Diluted EPS-$0.04-$1.57$1.31-$2.43-$6.81-$6.75-$6.14$4.96-$3.68-$2.04$6.90-$7.69-$0.57-$2.95$0.14-$1.52-$0.85$3.43
Operating cash flow-10.8-8.51.0-9.1-0.6-4.1-8.3-5.7-14.2-6.4-3.8-6.9-6.3-2.65.3-8.0-8.4-2.8
Capital expenditure0.20.10.20.10.10.60.20.10.10.10.40.00.30.20.44.90.40.1
Free cash flow-11.0-8.60.8-9.2-0.6-4.7-8.5-5.9-14.3-6.6-4.2-6.9-6.6-2.85.0-12.9-8.8-2.9
Buybacksn/an/an/an/an/an/an/an/an/an/an/an/an/an/a3.3n/a2.00.0
Shares outstanding13m13m13m013m13m13m13m13m13m13m13m13m13m13m12m12m12m
Filing10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 5 fiscal years and the trailing twelve months

FY2021FY2022FY2023FY2024FY2025TTM
Revenue27212412311311093.8
Operating income-42.2-107-53.6-25.5-5.9-12.2
Operating margin-15.5%-86.3%-43.6%-22.5%-5.4%-13.0%
Pre-tax income85.2-36.3-196-88.4-70.7n/a
Income tax22.5n/an/a0.00.0n/a
Effective tax rate26.4%n/an/an/an/an/a
Net income62.7-36.3-196-86.8-64.213.9
Net margin23.1%-29.3%-159.6%-76.6%-58.3%14.8%
Diluted EPS$4.71-$2.73-$14.74-$6.51-$4.90$1.20
Filing10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Revenue by product or service FY2023 to FY2025

FY2023FY2024FY2025Share
of the parts, latest year
Other income41.744.151.747.0%
Land development revenue72.460.046.442.1%
Operating lease income6.76.97.46.7%
Interest income2.12.34.54.1%
Other incomeLand development revenueOperating lease incomeInterest income
123FY2023113FY2024110FY2025

$ million; hover a block for its figure and share

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow and capital returned

FY2021FY2022FY2023FY2024FY2025TTM
Operating cash flow8.5-27.4-18.7-31.3-11.7-13.9
Capital expenditure0.70.71.00.75.75.8
Free cash flow7.9-28.0-19.7-32.0-17.4-19.7
Free cash flow margin2.9%-22.6%-16.0%-28.2%-15.8%-21.0%
Cash from investing6732361860.3-1.5-2.9
Cash from financing-676-218-11415.834.813.8
Depreciation and amortisation6.54.94.64.35.26.4
Share-based compensation23.4-11.81.8n/an/an/a
Buybacksn/an/an/an/a8.0n/a
Diluted shares, weighted13m13m13m13m13m12m
Shares outstanding at period endn/a013m13m12m12m
Filing10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2021FY2022FY2023FY2024FY2025TTM
Funded by
Shareholders' equity1,224972412324252282
Non-controlling interestn/an/a22.320.714.11.3
Debtn/a0.0193217269209
Other liabilitiesn/a33.142.546.335.616.4
Total liabilities and equityn/a1,005669609570508
Owned
Intangible assetsn/a0.30.20.10.10.1
Cash and equivalents15.54.250.735.050.152.8
Other assetsn/a1,001618574520455
Total assetsn/a1,005669609570508
Filing10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compoundedn/an/a-3.9%-17.7%
Profit growth, compoundedn/an/an/an/a
Return on equity, averagen/a-19.7%-33.3%-25.5%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was Star Holdings' revenue in fiscal 2025?

Star Holdings (STHO) reported revenue of $110 million for fiscal 2025, the year ended 31 December 2025, down 2.8% on the year before.

How much did Star Holdings earn in fiscal 2025?

Net loss was $64 million for fiscal 2025, and the diluted loss per share $4.90.

What is Star Holdings' P/E ratio?

At the close of 30 October 2026, Star Holdings traded at 6.2 times its earnings over the twelve months to 30 June 2026.

What is Star Holdings' market cap?

The market cap of Star Holdings was $90 million at the close of 30 October 2026.

Peers: Real Estate

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Gladstone Commercial Corp. GOOD$554 million35.1315.7%n/a10.8%5.4110.5%
FRP Holdings, Inc. FRPH$360 million1,876.500.0%11.6%2.5%0.50n/a
American Realty Investors Inc. ARL$298 million35.481.3%-18.3%6.8%0.350.0%
Maui Land & Pineapple Co. Inc. MLP$286 millionn/a-14.9%-36.3%-4.1%0.28n/a
Alico, Inc. ALCO$278 million170.431.5%-138.0%-61.4%0.810.5%
Claros Mortgage Trust, Inc. CMTG$164 millionn/a-43.5%n/a-30.9%2.10n/a
Douglas Elliman Inc. DOUG$141 million5.3414.9%3.5%-2.7%0.00n/a
Amrep Corp. AXR$109 million18.824.2%14.8%-15.3%0.00n/a
Mobile Infrastructure Corp. BEEP$101 millionn/a-18.0%n/a-4.1%1.52n/a
Seritage Growth Properties SRG$93 millionn/a-20.1%-172.0%-23.7%0.17n/a
Star Holdings STHO$90 million6.224.9%-13.0%-17.7%0.74n/a
Intergroup Corp. INTG$85 million52.03n/a16.0%14.9%n/an/a
All 38 in Real Estate
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Brookfield Corporation BN *$87.7 billion80.180.8%n/a-12.7%0.090.8%
CBRE Group, Inc. CBRE$37.1 billion27.5815.9%4.6%14.5%0.91n/a
KE Holdings Inc. BEKE *$19.9 billion45.814.5%2.2%1.2%0.022.0%
Jones Lang Lasalle Inc. JLL$16.4 billion15.5814.3%4.9%11.4%0.28n/a
Invitation Homes Inc. INVH$15.5 billion23.317.7%11.5%7.2%0.994.5%
Terreno Realty Corp. TRNO$7.1 billion17.528.8%41.4%18.0%0.213.2%
Compass, Inc. COMP$6.8 billion149.752.2%-2.6%67.8%1.05n/a
Millrose Properties, Inc. MRP$4.3 billion8.938.1%85.1%n/a0.4210.0%
Marriott Vacations Worldwide Corp. VAC$4.0 billionn/a-16.2%-3.3%1.7%2.652.8%
St. Joe Co. JOE$4.0 billion33.2015.8%32.0%11.1%0.710.9%
Curbline Properties Corp. CURB$3.5 billion118.881.2%17.6%50.6%0.262.5%
Cushman & Wakefield Ltd. CWK$3.1 billion45.903.4%4.4%11.0%1.31n/a
Urban Edge Properties UE$2.5 billion24.007.4%n/a5.5%1.214.1%
Newmark Group, Inc. NMRK$2.1 billion14.2010.3%7.7%20.8%1.241.3%
Getty Realty Corp. GTY$1.9 billion17.078.0%63.5%12.3%0.936.9%
Opendoor Technologies Inc. OPEN$1.7 billionn/a-166.4%-16.0%-37.2%2.14n/a
Ellington Financial Inc. EFC$1.5 billion6.969.9%37.2%44.8%2.09n/a
Innovative Industrial Properties Inc. IIPR$1.4 billion11.817.4%51.4%-8.4%0.3314.6%
Forestar Group Inc. FOR$1.2 billion7.199.2%n/a11.8%0.43n/a
Piedmont Realty Trust, Inc. PDM$1.2 billionn/a-6.1%13.8%2.9%1.621.3%
Marcus & Millichap, Inc. MMI$1.1 billion75.662.5%1.2%11.9%0.00n/a
Sky Harbour Group Corp. SKYH$759 millionn/a0.6%-80.8%62.2%1.09n/a
Agnt, Inc. AGNT$648 millionn/a-6.1%-0.3%8.1%0.005.2%
Five Point Holdings, LLC FPH$622 million10.771.3%-2.9%-39.1%0.19n/a
Hudson Pacific Properties, Inc. HPP$571 millionn/a-20.3%n/a1.8%1.210.0%
Gladstone Commercial Corp. GOOD$554 million35.1315.7%n/a10.8%5.4110.5%
Tejon Ranch Co. TRC$442 million71.221.3%-0.9%25.4%0.20n/a
FRP Holdings, Inc. FRPH$360 million1,876.500.0%11.6%2.5%0.50n/a
American Realty Investors Inc. ARL$298 million35.481.3%-18.3%6.8%0.350.0%
Maui Land & Pineapple Co. Inc. MLP$286 millionn/a-14.9%-36.3%-4.1%0.28n/a
Alico, Inc. ALCO$278 million170.431.5%-138.0%-61.4%0.810.5%
Claros Mortgage Trust, Inc. CMTG$164 millionn/a-43.5%n/a-30.9%2.10n/a
Douglas Elliman Inc. DOUG$141 million5.3414.9%3.5%-2.7%0.00n/a
Amrep Corp. AXR$109 million18.824.2%14.8%-15.3%0.00n/a
Mobile Infrastructure Corp. BEEP$101 millionn/a-18.0%n/a-4.1%1.52n/a
Seritage Growth Properties SRG$93 millionn/a-20.1%-172.0%-23.7%0.17n/a
Star Holdings STHO$90 million6.224.9%-13.0%-17.7%0.74n/a
Intergroup Corp. INTG$85 million52.03n/a16.0%14.9%n/an/a
2 companies share its SEC industry code (Lessors Of Real Property, Nec); the rest are the names nearest in size in its wider industry, Real Estate, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q30 June 20267 August 2026EDGAR
10-Q31 March 20268 May 2026EDGAR
10-K31 December 202517 February 2026EDGAR
10-Q30 September 20257 November 2025EDGAR
10-Q30 June 20257 August 2025EDGAR
10-Q31 March 202512 May 2025EDGAR
10-K31 December 202418 February 2025EDGAR
10-Q30 September 20245 November 2024EDGAR
10-Q30 June 20246 August 2024EDGAR
10-Q31 March 202410 May 2024EDGAR