Star Holdings — Form 8-K
Filed August 7, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 38/100
What the filing says
Star Holdings (NASDAQ: STHO) reported Q2 2026 net income of $41.4M ($3.43 EPS) on August 7, 2026. Results included $29.3M non-cash mark-to-market gain on ~13.5M SAFE shares ($2.43 EPS impact) and $14.4M non-cash deferred income from surrendering an asset to a municipality upon lease expiration ($1.19 EPS impact). Excluding these non-cash items, core earnings were approximately -$2.3M for the quarter.
Why this rating
Large non-cash accounting gains inflate headline earnings; underlying business shows modest losses. Material non-cash items relative to $100M market cap, but routine quarterly disclosure with no operational change.
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