Overview
Compare with GLADSTONE COMMERCIAL CORP, REGIONAL HEALTH PROPERTIES, INC or Alico, or pick any stock.
- TickerSTHO on Nasdaq1
- IndustryLessors of Real Property, NEC1
- HeadquartersNew York, New York1
- Incorporated inMD2
- Business addressOne Penn Plaza, 51St Floor, New York, Ny 101192
- Filer category, Emerging growth company2
See how the biggest companies compare on our leaderboards
Star Holdings was formed to succeed to the legacy non-ground lease real estate assets of iStar Inc. (“iStar”). On March 31, 2023, iStar completed its transition to a ground lease focused business through the merger of iStar and Safehold Inc., a ground lease company previously founded by iStar (the “Merger”). iStar continued as the surviving corporation in the Merger and changed its name to “Safehold Inc.” (“Safe”).4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Other income brought in 39% of the revenue Star Holdings broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2023 | 2024 | 2025 |
|---|---|---|---|
| Other income | $41.7M | $44.1M | $51.7M |
| Land Development | $72.4M | $60.0M | $46.4M |
| Hotel | $22.0M | $22.0M | $21.8M |
| Operating Lease Income | $6.7M | $6.9M | $7.4M |
| Interest Income Revenue | $2.1M | $2.3M | $4.5M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Other costs100¢$110.1M
- Income tax0¢$27.0K
Out of $110.1M in revenue.5 The company lost money this year.
Financial statements
Every line of the income statement as filed: the last 3 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Total revenues | $110.1M | $113.3M | $123.1M |
| Interest expense | $18.4M | $15.8M | $23.0M |
| Depreciation and amortization | $5.2M | $4.3M | $4.6M |
| General and administrative | $14.6M | $21.1M | $36.2M |
| Provision for (recovery of) loan losses | -$540.0K | $621.0K | $1.7M |
| Other expense | $9.0K | $64.0K | $791.0K |
| Total costs and expenses | $116.0M | $138.8M | $176.7M |
| Unrealized gains (losses) on equity investments | -$64.8M | -$66.5M | -$171.4M |
| Income from sales of real estate | $3.7M | ||
| Income (loss) from operations before other items and income taxes | -$70.7M | -$88.4M | -$225.0M |
| Loss on early extinguishment of debt, net | -$70.0K | -$2.1M | |
| Earnings from equity method investments | $30.8M | ||
| Net income (loss) from operations before income taxes | -$70.7M | -$88.4M | -$196.3M |
| Income tax expense | -$27.0K | -$2.0K | |
| Net income (loss) | -$70.8M | -$88.4M | -$196.3M |
| Net (income) loss from operations attributable to noncontrolling interests | $6.5M | $1.6M | -$66.0K |
| Net income (loss) allocable to common shareholders | -$64.2M | -$86.8M | -$196.4M |
| Net income (loss) allocable to common shareholders - Basic | -$4.90 | -$6.51 | -$14.74 |
| Net income (loss) allocable to common shareholders - Diluted | -$4.90 | -$6.51 | -$14.74 |
| Basic (in shares) | 13.1M shares | 13.3M shares | 13.3M shares |
| Diluted (in shares) | 13.1M shares | 13.3M shares | 13.3M shares |
| Interest expense, related party | $8.9M | $8.8M | $6.3M |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Real estate, at cost | $179.1M | $98.1M | ||
| Less: accumulated depreciation | -$29.7M | -$25.3M | ||
| Real estate, net | $149.3M | $72.8M | ||
| Land and development, net | $112.8M | $176.4M | ||
| Loans receivable and other lending investments, net ($578 and $1,118 of allowances as of December 31, 2025 and 2024, respectively) | $44.1M | $50.3M | ||
| Other investments | $185.1M | $249.9M | ||
| Cash and cash equivalents | $50.1M | $35.0M | $50.7M | |
| Accrued interest and operating lease income receivable, net | $1.5M | $1.1M | ||
| Deferred operating lease income receivable, net | $432.0K | $670.0K | ||
| Deferred expenses and other assets, net | $26.8M | $22.4M | ||
| Total assets | $570.2M | $608.7M | ||
| Accounts payable, accrued expenses and other liabilities | $35.6M | $46.3M | ||
| Debt obligations, net | $268.7M | $217.3M | ||
| Total liabilities | $304.3M | $263.7M | ||
| Common Stock, $0.001 par value, 200,000 shares authorized, 12,318 and 13,320 shares issued and outstanding as of December 31, 2025 and 2024, respectively | $12.0K | $13.0K | ||
| Additional paid-in capital | $599.6M | $607.6M | ||
| Accumulated deficit | -$347.4M | -$283.2M | ||
| Accumulated other comprehensive income (loss) | -$424.0K | -$104.0K | ||
| Star Holdings shareholders' equity | $251.8M | $324.3M | ||
| Noncontrolling interests | $14.1M | $20.7M | ||
| Total equity | $265.9M | $345.0M | $433.8M | $972.3M |
| Total liabilities and equity | $570.2M | $608.7M | ||
| Loans receivable and other lending investments, allowances | $578.0K | $1.1M | ||
| Common Stock, par value (in dollars per share) | $0.00 | $0.00 | ||
| Common Stock, shares authorized (in shares) | 200.0M shares | 200.0M shares | ||
| Common Stock, shares issued (in shares) | 12.3M shares | 13.3M shares | ||
| Common Stock, shares outstanding (in shares) | 12.3M shares | 13.3M shares | ||
| Management fees due safe | $3.6M | $4.8M |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Real estate, at cost | $179.1M | $98.1M | ||
| Less: accumulated depreciation | -$29.7M | -$25.3M | ||
| Real estate, net | $149.3M | $72.8M | ||
| Land and development, net | $112.8M | $176.4M | ||
| Loans receivable and other lending investments, net ($578 and $1,118 of allowances as of December 31, 2025 and 2024, respectively) | $44.1M | $50.3M | ||
| Other investments | $185.1M | $249.9M | ||
| Cash and cash equivalents | $50.1M | $35.0M | $50.7M | |
| Accrued interest and operating lease income receivable, net | $1.5M | $1.1M | ||
| Deferred operating lease income receivable, net | $432.0K | $670.0K | ||
| Deferred expenses and other assets, net | $26.8M | $22.4M | ||
| Total assets | $570.2M | $608.7M | ||
| Accounts payable, accrued expenses and other liabilities | $35.6M | $46.3M | ||
| Debt obligations, net | $268.7M | $217.3M | ||
| Total liabilities | $304.3M | $263.7M | ||
| Common Stock, $0.001 par value, 200,000 shares authorized, 12,318 and 13,320 shares issued and outstanding as of December 31, 2025 and 2024, respectively | $12.0K | $13.0K | ||
| Additional paid-in capital | $599.6M | $607.6M | ||
| Accumulated deficit | -$347.4M | -$283.2M | ||
| Accumulated other comprehensive income (loss) | -$424.0K | -$104.0K | ||
| Star Holdings shareholders' equity | $251.8M | $324.3M | ||
| Noncontrolling interests | $14.1M | $20.7M | ||
| Total equity | $265.9M | $345.0M | $433.8M | $972.3M |
| Total liabilities and equity | $570.2M | $608.7M | ||
| Loans receivable and other lending investments, allowances | $578.0K | $1.1M | ||
| Common Stock, par value (in dollars per share) | $0.00 | $0.00 | ||
| Common Stock, shares authorized (in shares) | 200.0M shares | 200.0M shares | ||
| Common Stock, shares issued (in shares) | 12.3M shares | 13.3M shares | ||
| Common Stock, shares outstanding (in shares) | 12.3M shares | 13.3M shares | ||
| Management fees due safe | $3.6M | $4.8M |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net income (loss) | -$70.8M | -$88.4M | -$196.3M |
| Provision for (recovery of) loan losses | -$540.0K | $621.0K | $1.7M |
| Depreciation and amortization | $5.2M | $4.3M | $4.6M |
| Stock-based compensation | $1.8M | ||
| Amortization of discounts/premiums and deferred interest on loans, net | -$1.1M | -$1.0M | -$959.0K |
| Deferred interest on loans received | $4.5M | ||
| Amortization of premium, discount and deferred financing costs and paid-in-kind interest on debt obligations, net | $8.4M | $7.9M | $2.3M |
| Earnings from equity method investments | -$30.8M | ||
| Distributions from operations of other investments | $21.8M | ||
| Deferred operating lease income | $238.0K | $171.0K | $140.0K |
| Unrealized (gains) losses on equity investments | $64.8M | $66.5M | $171.4M |
| Loss on early extinguishment of debt | $70.0K | $2.1M | |
| Income from sales of real estate | -$3.7M | ||
| Land development revenue (in excess of) cost of sales | -$17.7M | -$11.3M | -$9.8M |
| Other operating activities, net | $214.0K | -$315.0K | $599.0K |
| Changes in accrued interest and operating lease income receivable | -$561.0K | -$378.0K | $570.0K |
| Changes in deferred expenses and other assets, net | $1.4M | -$247.0K | -$2.1M |
| Changes in accounts payable, accrued expenses and other liabilities | -$1.3M | -$5.5M | $9.8M |
| Cash flows used in operating activities | -$11.7M | -$31.3M | -$18.7M |
| Originations and fundings of loans receivable and other lending investments, net | -$10.3M | -$11.3M | -$6.4M |
| Capital expenditures on real estate assets | -$5.7M | -$682.0K | -$997.0K |
| Capital expenditures on land and development assets, net | -$49.1M | -$35.3M | -$13.1M |
| Repayments of and principal collections on loans receivable and other lending investments, net | $18.5M | $31.8M | |
| Net proceeds from sales of loans receivable | $37.6M | ||
| Net proceeds from sales of real estate | $5.4M | ||
| Net proceeds from sales of land and development assets | $46.6M | $42.2M | $69.0M |
| Distributions from other investments | $47.3M | ||
| Cash, cash equivalents & restricted cash acquired upon consolidation of venture (refer to Note 5) | $21.0M | ||
| Other investing activities, net | -$1.5M | -$143.0K | -$156.0K |
| Cash flows provided by (used in) investing activities | -$1.5M | $306.0K | $186.0M |
| Net transactions with iStar Inc. | -$290.1M | ||
| Borrowings from debt obligations | $47.7M | $15.8M | $253.1M |
| Repayments of debt obligations | -$4.5M | -$69.8M | |
| Payment of deferred financing costs | -$216.0K | -$3.5M | |
| Distributions to noncontrolling interests | -$2.5M | ||
| Payments of debt prepayment or extinguishment costs | -$35.0K | -$1.2M | |
| Repurchase of common stock | -$8.0M | ||
| Other financing activities, net | -$157.0K | ||
| Cash flows provided by financing activities | $34.8M | $15.8M | -$114.1M |
| Changes in cash, cash equivalents and restricted cash | $21.6M | -$15.2M | $53.2M |
| Cash paid for interest | $10.1M | $9.7M | $20.2M |
| Increase (decrease) in other investments and other assets upon contribution from iStar Inc. | -$74.7M | ||
| Settlement of debt obligations | $115.0M | ||
| Assumption of debt obligations from iStar Inc. | $125.0M | ||
| Origination of loans receivable (refer to Note 5) | $18.2M | $2.5M | |
| Paid-in-kind interest on debt obligations | $7.7M | $7.3M | $1.7M |
| Accounts payable for capital expenditures on land and development and real estate assets | $10.0M | $951.0K |
No quarter-by-quarter statement was filed.
Corporate structure
Star Holdings sits at the top of its group. 131 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Star Holdings
- Barclays Filed SCHEDULE 13G/A on Star Holdings, latest May 14, 2026 (2 filings since Feb 11, 2026)
- VANGUARD CAPITAL MANAGEMENT LLC Filed SCHEDULE 13G on Star Holdings, latest Apr 30, 2026
- TCW GROUP INC Filed SCHEDULE 13G on Star Holdings, latest Mar 5, 2026
- BlackRock Filed SCHEDULE 13G/A on Star Holdings, latest Jul 16, 2025 (3 filings since Jan 25, 2024)
- HIGHBRIDGE CAPITAL MANAGEMENT LLC Filed SCHEDULE 13G/A on Star Holdings, latest Apr 25, 2025 (2 filings since Oct 25, 2024)
- TD SECURITIES (USA) LLC Filed SCHEDULE 13G on Star Holdings, latest Feb 14, 2025
- VANGUARD GROUP INC Filed SCHEDULE 13G/A on Star Holdings, latest Jan 31, 2025 (2 filings since Feb 13, 2024)
- Oaktree Capital Group Holdings GP, LLC Filed SC 13G/A on Star Holdings, latest Nov 14, 2024 (2 filings since Feb 14, 2024)
- Cowen Overseas Investment LP Filed SC 13G/A on Star Holdings, latest Nov 13, 2024 (4 filings since Mar 15, 2024)
- FOURSIXTHREE CAPITAL LP Filed SC 13G on Star Holdings, latest Nov 13, 2024
- Saba Capital Management, L.P. Filed SC 13G on Star Holdings, latest Feb 14, 2024 (3 filings since Nov 6, 2023)
- Brookfield Oaktree Holdings, LLC Filed SC 13G on Star Holdings, latest Apr 10, 2023
- Star Holdings New York, New York
- Safehold Inc. Stake · New York, New York
- 1101 Ocean Ave Parking LLC Subsidiary · New Jersey, United States
- 1101 Ocean Ave Venture LLC Subsidiary · New Jersey, United States
- 17093 Biscayne Boulevard – North Miami LLC Subsidiary · Delaware, United States
- 210 5 th Ave. Venture Urban Renewal LLC Subsidiary · New Jersey, United States
- 215 North Michigan Owner LLC Subsidiary · Delaware, United States
- 3376 Peachtree Residential LLC Subsidiary · Georgia, United States
- 6801 Woolridge Road GenPar LLC Subsidiary · Delaware, United States
- 6801 Woolridge Road – Moseley LP Subsidiary · Delaware, United States
- AP at Monroe Urban Renewal LLC Subsidiary · New Jersey, United States
- AP at South Grand Urban Renewal LLC Subsidiary · New Jersey, United States
- AP Block 146 Developer Urban Renewal, LLC Subsidiary · New Jersey, United States
- AP Block 176 Venture Urban Renewal LLC Subsidiary · New Jersey, United States
- AP Block 178 Venture LLC Subsidiary · New Jersey, United States
- AP Block 3801 & 3904 Venture LLC Subsidiary · New Jersey, United States
- AP Block 3802 Venture LLC Subsidiary · New Jersey, United States
- AP Block 3904 Garage LLC Subsidiary · New Jersey, United States
- AP Block 3904 Venture LLC Subsidiary · New Jersey, United States
- AP Block 4001 Investor LLC Subsidiary · Delaware, United States
- AP Block 4001 Lender LLC Subsidiary · Delaware, United States
- AP Block 4001 Partners LLC Subsidiary · Delaware, United States
- AP Block 4001 QOZ Fund Manager LLC Subsidiary · Delaware, United States
- AP Block 4001 Venture Urban Renewal LLC Subsidiary · New Jersey, United States
- AP Block 4502 Beach Club LLC Subsidiary · New Jersey, United States
- AP Fifteen Property Holdings, L.L.C. Subsidiary · New Jersey, United States
- and 105 more
Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G; stakes of 5% or more it reported on Schedules 13D and 13G (1 companies). Each entity in the chart links to its source.
What it owns
What Star Holdings reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Operating-lease assets (leased space) | $457.0K5 Dec 31, 2025 | $924.0K5 Dec 31, 2024 | −50.5% |
Real estate and locations
| Item | Latest | A year before | Change |
|---|---|---|---|
| Real estate investments, net | $149.3M5 Dec 31, 2025 | $72.8M5 Dec 31, 2024 | +105.0% |
| Real estate investments, at cost | $179.1M5 Dec 31, 2025 | $98.1M5 Dec 31, 2024 | +82.5% |
| Real estate accumulated depreciation | $29.7M5 Dec 31, 2025 | $25.3M5 Dec 31, 2024 | +17.6% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $50.1M5 Dec 31, 2025 | $35.0M5 Dec 31, 2024 | +43.3% |
| Stakes in other companies (equity method) | $249.9M7 Dec 31, 2024 | $316.5M7 Dec 31, 2023 | −21.0% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Accumulated amortization | $200.0K5 Dec 31, 2025 | $200.0K5 Dec 31, 2024 | 0% |
| Finite-lived intangibles, net | $102.0K5 Dec 31, 2025 | $127.0K5 Dec 31, 2024 | −19.7% |
Properties, in its own words
Our principal executive offices are located at 1114 Avenue of the Americas, New York, New York, 10036. See Item 8—"Financial Statements and Supplementary Data—Schedule III for a listing of properties held by us for investment purposes.
Item 2 of the 10-K filed Feb 17, 2026.4
Leadership
Who has led Star Holdings, and when. Pick a name to see everywhere that person has worked.
Chief financial officer
2025
- PresidentMichael Lane Trachtenberg Dec 3, 2025 to now10
- PresidentJay Sugarman Mar 22, 2023 to Apr 17, 202311
- PresidentMarcos Alvarado May 18, 2023 to May 18, 202312
- Chief financial officerBrett Asnas Mar 22, 2023 to May 23, 202313
Board members and other officers (6)
- Chief Accounting OfficerChristopher Michael Uhlick Jul 8, 2025 to now14
- Vice PresidentMarcos Alvarado Mar 22, 2023 to Apr 17, 202315
- CHIEF ACCOUNTING OFFICERGarett Rosenblum Apr 17, 2023 to May 19, 202316
- Board memberJay Sugarman Mar 22, 2023 to Mar 22, 202311
- Board memberClifford Desouza Apr 14, 2023 to Apr 14, 202317
- Board memberNina Matis Apr 14, 2023 to Apr 14, 202318
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
- 1101 Ocean Ave Parking LLC New Jersey3
- 1101 Ocean Ave Venture LLC New Jersey3
- 17093 Biscayne Boulevard – North Miami LLC Delaware3
- 210 5 th Ave. Venture Urban Renewal LLC New Jersey3
- 215 North Michigan Owner LLC Delaware3
- 3376 Peachtree Residential LLC Georgia3
- 6801 Woolridge Road GenPar LLC Delaware3
- 6801 Woolridge Road – Moseley LP Delaware3
- AP Block 146 Developer Urban Renewal, LLC New Jersey3
- AP Block 176 Venture Urban Renewal LLC New Jersey3
- AP Block 178 Venture LLC New Jersey3
- AP Block 3801 & 3904 Venture LLC New Jersey3
- AP Block 3802 Venture LLC New Jersey3
- AP Block 3904 Garage LLC New Jersey3
- AP Block 3904 Venture LLC New Jersey3
- AP Block 4001 Investor LLC Delaware3
- AP Block 4001 Lender LLC Delaware3
- AP Block 4001 Partners LLC Delaware3
- AP Block 4001 QOZ Fund Manager LLC Delaware3
- AP Block 4001 Venture Urban Renewal LLC New Jersey3
- AP Block 4502 Beach Club LLC New Jersey3
- AP Fifteen Property Holdings, L.L.C. New Jersey3
- AP Five Property Holdings, L.L.C. New Jersey3
- AP Mortgagee LLC Delaware3
All 129 listed subsidiaries
- AP Retail Venture LLC Delaware3
- AP Ten Property Holdings, L.L.C. New Jersey3
- AP Triangle LLC Delaware3
- AP Wesley Lake LLC Delaware3
- AP at Monroe Urban Renewal LLC New Jersey3
- AP at South Grand Urban Renewal LLC New Jersey3
- APW Redeveloper LLC Delaware3
- ASTAR Finance Falcon I LLC Delaware3
- ASTAR Finance Falcon II LLC Delaware3
- Asbury Convention Hall Limited Liability Company New Jersey3
- Asbury Partners, LLC New Jersey3
- Asbury Three Liquor License LLC New Jersey3
- Asbury Two Liquor License LLC New Jersey3
- Avenida Naperville Partners LLC Delaware3
- Bath Site LLC Delaware3
- Bond Portfolio Holdings II LLC Delaware3
- Bond Portfolio Holdings III LLC Delaware3
- Bond Portfolio Holdings LLC Delaware3
- Cajun Fish Holdings, L.L.C. New Jersey3
- Childs Associates LLC Delaware3
- Coney Childs Lender LLC Delaware3
- Coney Entertainment LLC Delaware3
- Coney Island Holdings LLC Delaware3
- Florida Lien Investor LLC Delaware3
- Grand Monarch Partners LLC Delaware3
- Highland View Associates LLC Delaware3
- Jade Eight Properties LLC Delaware3
- Jersey Star GenPar LLC Delaware3
- Jersey Star LP Delaware3
- Long Beach Wayfarer LLC Delaware3
- MF III Albion LLC New Jersey3
- MG Apartment Entity, LLC Delaware3
- MG Apartments Parcel 3 LLC Delaware3
- Madison Asbury Retail, LLC Delaware3
- Magnolia Green Development Partners LLC Delaware3
- Naples AW Holdco LLC Delaware3
- Parrot Cay Holdco LLC Delaware3
- Royal Oaks Lane (Biscayne Landing) – North Miami LLC Delaware3
- SFI Belmont LLC Delaware3
- SFI Bullseye – Chicago LLC Delaware3
- SFI Chicago Tollway LLC Delaware3
- SFI Coney Island Manager LLC Delaware3
- SFI Euro Holdings II LLC Delaware3
- SFI Euro Holdings LLC Delaware3
- SFI Grand Vista LLC Delaware3
- SFI Ilikai 104 LLC Delaware3
- SFI Ilikai GenPar LLC Delaware3
- SFI Ilikai LP Delaware3
- SFI Ilikai Property Owner LLC Delaware3
- SFI Ilikai Retail Owner LLC Delaware3
- SFI Kua 4 Partner LLC Delaware3
- SFI MG Investor LLC Delaware3
- SFI Mammoth Crossing LLC Delaware3
- SFI Mammoth Finance LLC Delaware3
- SFI Mammoth GenPar LLC Delaware3
- SFI Mammoth Owner LP Delaware3
- SFI Naples Reserve LLC Delaware3
- SFI One Palm Partner LLC Delaware3
- SFI Raintree – Scottsdale LLC Delaware3
- SH Net Lease II REIT Maryland3
- SN Legacy Holdings LLC Delaware3
- STAR 570 LH Holdings LLC Delaware3
- STAR 61 Bond Street Lender LLC Delaware3
- STAR Artesia 2 Member LLC Delaware3
- STAR Domain LH Holdings LLC Delaware3
- STAR Dream Lender LLC Delaware3
- STAR Germantown Lender LLC Delaware3
- STAR Investment Holdco LLC Delaware3
- STAR Investment Holdings SPV LLC Delaware3
- STAR Naperville Investor LLC Delaware3
- STAR Nevele Owner LLC Delaware3
- STAR North Clark Lender LLC Delaware3
- STAR Palm Desert Lender GenPar LLC Delaware3
- STAR Palm Desert Lender LP Delaware3
- STAR Preferred Holdings LLC Delaware3
- STAR Shidler-Terra Lender LLC Delaware3
- Seaside Park LLC Delaware3
- Shore Road – Long Beach Superblock LLC Delaware3
- Star FW Ventures II Investor LLC Delaware3
- Star Jadian Investor LLC Delaware3
- Stone Pony Partners LLC New Jersey3
- THCF LLC New Jersey3
- TPRJC Owner LLC New Jersey3
- Talking Partners LLC New Jersey3
- The Lanes at AP LLC New Jersey3
- iStar 100 LLC Delaware3
- iStar 100 Management Inc. Delaware3
- iStar 200-300 LLC Delaware3
- iStar 200-300 Management, Inc. Delaware3
- iStar FM Loans LLC Delaware3
- iStar Financial Protective Trust Maryland3
- iStar Grand Monarch Investor LLC Delaware3
- iStar Harrisburg Business Trust Delaware3
- iStar Net Lease I LLC Delaware3
- iStar Net Lease II LLC Delaware3
- iStar Net Lease Member I LLC Delaware3
- iStar Net Lease Member II LLC Delaware3
- iStar REO Holdings II TRS LLC Delaware3
- iStar Reeder Lender LLC Delaware3
- iStar Residential LLC Delaware3
- iStar SPP II LLC Delaware3
- iStar SPP LLC Delaware3
- iStar Tara LLC Delaware3
- iStar Transition Services LLC Delaware3
- iStar WALH Investor TRS LLC Delaware3
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Timeline
- Oct 9, 20268-K Entered a material agreement19
- Oct 2, 20268-K Entered a material agreement; Regulation FD disclosure20
- Aug 7, 20268-K Results of operations21
- Aug 3, 20268-K Other events22
- May 22, 20268-K Shareholder vote23
- May 8, 20268-K Results of operations24
- Apr 1, 20268-K Completed an acquisition or sale25
- Feb 17, 20268-K Results of operations26
- Dec 1, 20258-K Executive or director change27
- Nov 7, 20258-K Results of operations28
- Aug 7, 20258-K Results of operations29
- Jun 10, 20258-K Executive or director change30
Calendar
Coming up
- Nov 6, 2026Reports results for the quarter ending Sep/202631
When it reported results
- Aug 7, 2026Reported quarterly or annual results21
- May 8, 2026Reported quarterly or annual results24
- Feb 17, 2026Reported quarterly or annual results26
- Nov 7, 2025Reported quarterly or annual results28
- Aug 7, 2025Reported quarterly or annual results29
- May 12, 2025Reported quarterly or annual results32
- Feb 18, 2025Reported quarterly or annual results33
- Nov 5, 2024Reported quarterly or annual results34
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
110 filings to the SEC since October 2021: 3 annual reports, 11 quarterly reports, 30 major events, 21 insider forms, 23 large holders, 22 other. The latest 20:
- Oct 9, 20268-K EDGAR
- Oct 2, 20268-K EDGAR
- Aug 7, 20268-K EDGAR
- Aug 7, 202610-Q EDGAR
- Aug 3, 20268-K EDGAR
- May 22, 20268-K EDGAR
- May 14, 2026SCHEDULE 13G/A EDGAR
- May 8, 20268-K EDGAR
- May 8, 202610-Q EDGAR
- Apr 30, 2026SCHEDULE 13G EDGAR
- Apr 8, 2026ARS/A EDGAR
- Apr 7, 2026ARS EDGAR
- Apr 7, 2026DEFA14A EDGAR
- Apr 7, 2026DEF 14A EDGAR
- Apr 1, 20268-K EDGAR
- Mar 5, 2026SCHEDULE 13G EDGAR
- Feb 17, 20268-K EDGAR
- Feb 17, 202610-K EDGAR
- Feb 11, 2026SCHEDULE 13G EDGAR
- Dec 3, 20253 EDGAR
The 110 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
14 open-market trades by officers, directors and large owners since October 2021: 5 buys and 9 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Mar 12, 2024 | Cowen Overseas Investment LP10% owner | Buy | 1,100 | $11.75 | $12.9K | Form 4 |
| Mar 12, 2024 | Cowen Overseas Investment LP10% owner | Sale | 17,700 | $11.85 | $209.7K | Form 4 |
| Mar 11, 2024 | Cowen Overseas Investment LP10% owner | Buy | 5,043 | $12.02 | $60.6K | Form 4 |
| Mar 11, 2024 | Cowen Overseas Investment LP10% owner | Sale | 1,500 | $11.95 | $17.9K | Form 4 |
| Mar 8, 2024 | Cowen Overseas Investment LP10% owner | Buy | 15,903 | $12.22 | $194.3K | Form 4 |
| Mar 8, 2024 | Cowen Overseas Investment LP10% owner | Sale | 7,013 | $12.21 | $85.6K | Form 4 |
| Mar 7, 2024 | RCG LV Pearl LLC10% owner | Buy | 1,746 | $11.85 | $20.7K | Form 4 |
| Mar 7, 2024 | RCG LV Pearl LLC10% owner | Sale | 14,000 | $11.81 | $165.3K | Form 4 |
| Mar 6, 2024 | RCG LV Pearl LLC10% owner | Buy | 9,307 | $12.01 | $111.8K | Form 4 |
| Mar 6, 2024 | RCG LV Pearl LLC10% owner | Sale | 1,012 | $11.95 | $12.1K | Form 4 |
| May 23, 2023 | Asnas BrettCHIEF FINANCIAL OFFICER | Sale | 8,380 | $16.23 | $136.0K | Form 4 |
| May 19, 2023 | Rosenblum GarettCHIEF ACCOUNTING OFFICER | Sale | 1,343 | $16.20 | $21.8K | Form 4 |
| May 17, 2023 | Rosenblum GarettCHIEF ACCOUNTING OFFICER | Sale | 4,580 | $15.98 | $73.2K | Form 4 |
| May 16, 2023 | Alvarado MarcosPRESIDENT | Sale | 16,783 | $16.46 | $276.2K | Form 4 |
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- BarclaysSCHEDULE 13G/A, 2 filings Feb 11, 2026 to May 14, 202635
- VANGUARD CAPITAL MANAGEMENT LLCSCHEDULE 13G, 1 filing Apr 30, 202636
- TCW GROUP INCSCHEDULE 13G, 1 filing Mar 5, 202637
- BlackRockSCHEDULE 13G/A, 3 filings Jan 25, 2024 to Jul 16, 202538
- HIGHBRIDGE CAPITAL MANAGEMENT LLCSCHEDULE 13G/A, 2 filings Oct 25, 2024 to Apr 25, 202539
- TD SECURITIES (USA) LLCSCHEDULE 13G, 1 filing Feb 14, 202540
- VANGUARD GROUP INCSCHEDULE 13G/A, 2 filings Feb 13, 2024 to Jan 31, 202541
- Oaktree Capital Group Holdings GP, LLCSC 13G/A, 2 filings Feb 14, 2024 to Nov 14, 202442
- Cowen Overseas Investment LPSC 13G/A, 4 filings Mar 15, 2024 to Nov 13, 202443
- FOURSIXTHREE CAPITAL LPSC 13G, 1 filing Nov 13, 202444
- Saba Capital Management, L.P.SC 13G, 3 filings Nov 6, 2023 to Feb 14, 202445
- Brookfield Oaktree Holdings, LLCSC 13G, 1 filing Apr 10, 202346
Stakes it holds
Star Holdings has told the SEC it owns more than 5% of 1 company, latest first (Schedules 13D and 13G).
- Safehold Inc.SC 13D Apr 10, 202347
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 79. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| Toronto Dominion Bank | 1,167,625 | $10.7M | 0.0% | −12,974 |
| Highbridge Capital Management LLC | 1,129,139 | $10.2M | 0.6% | −8,837 |
| Foursixthree Capital LP | 883,897 | $8.1M | 2.2% | No change |
| Saba Capital Management, L.P. | 757,228 | $6.9M | 0.2% | −174,155 |
| Tcw Group Inc | 683,487 | $6.2M | 0.0% | +68,011 |
| Vanguard Capital Management LLC | 536,747 | $4.9M | 0.0% | +7,641 |
| Peapod Lane Capital LLC | 412,468 | $3.8M | 2.5% | +6,495 |
| Rangeley Capital, LLC | 324,408 | $3.0M | 2.8% | +50,336 |
| BlackRock, Inc. | 260,227 | $2.4M | 0.0% | +15,654 |
| Geode Capital Management, LLC | 161,956 | $1.5M | 0.0% | −12,569 |
| Gem Investment Advisors, LLC | 137,884 | $1.3M | 0.8% | +19,502 |
| Goldman Sachs Group Inc | 136,611 | $1.2M | 0.0% | +7,930 |
| Renaissance Technologies LLC | 109,899 | $1.0M | 0.0% | +16,119 |
| Verition Fund Management LLC | 102,342 | $934.4K | 0.0% | No change |
| Morgan Stanley | 79,413 | $725.0K | 0.0% | −5,073 |
| Vanguard Fiduciary Trust Co | 77,037 | $703.3K | 0.0% | +515 |
| Gabelli Funds LLC | 74,502 | $680.2K | 0.0% | No change |
| Quantinno Capital Management LP | 73,599 | $672.0K | 0.0% | −2,266 |
| Royal Bank Of Canada | 60,293 | $551.0K | 0.0% | −532 |
| GABELLI & Co INVESTMENT ADVISERS, INC. | 59,050 | $539.1K | 0.1% | No change |
| Jacobs Levy Equity Management, Inc | 57,459 | $524.6K | 0.0% | −15,054 |
| Marquette Asset Management, LLC | 57,253 | $522.7K | 0.1% | New |
| State Street Corp | 55,065 | $502.7K | 0.0% | No change |
| D. E. Shaw & Co., Inc. | 51,616 | $471.3K | 0.0% | +533 |
| Aristeia Capital, L.l.c. | 41,142 | $375.6K | 0.0% | −22,388 |
13F reports cover disclosed long positions in U.S. stocks only.
SEC filer profile
How Star Holdings is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARStar Holdings1
- CIK0001953366
- Employer ID (EIN)37-67628184
- Filer statusAccelerated filer an emerging growth company; a smaller reporting company; not a shell company4
- Incorporated inMaryland4
- Fiscal year endsDecember 311
- Industry code (SIC)6519 Lessors of Real Property, NEC1
- SEC reviewing officeOffice of Real Estate & Construction, Division of Corporation Finance1
- Business addressOne Penn Plaza, 51St Floor, New York, NY 101191
- Phone212 930-94001
- Shares outstanding12,081,333 as of Aug 5, 20269
- Public float$100.0M as of Jun 30, 20254
- AuditorDELOITTE & TOUCHE LLP, New York, New York PCAOB ID 34; no auditor attestation of internal control over financial reporting4
- On EDGAR sinceDec 16, 20221
- Filings113 in all: 8-K (30), 3 (12), 10-Q (11), 4 (11), SC 13G (8), SC 13G/A (6), CORRESP (5), SCHEDULE 13G/A (5)1
All 20 form types
SCHEDULE 13G (4), 10-12B/A (3), 10-K (3), ARS (3), DEF 14A (3), DEFA14A (2), UPLOAD (2), 10-12B (1), ARS/A (1), CERT (1), SC 13D (1), SEC STAFF ACTION (1)
- Latest filingsAnnual report (10-K) Feb 17, 2026
Quarterly report (10-Q) Aug 7, 2026
Proxy statement (DEF 14A) Apr 7, 2026
Latest 8-K (8-K) Oct 9, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common Shares of Beneficial Interest, $0.001 par value | STHO | Nasdaq Global Market |
From the cover page of the 10-K filed Feb 17, 2026 (Section 12(b) of the Exchange Act).4
Risk factors and legal proceedings
The risks Star Holdings names in Item 1A of its 10-K filed Feb 17, 2026: 50 risks under these headings, as written.4
- Risks Related to Our Properties and Business
- If global or local market and economic conditions deteriorate, our business, financial condition and results of operations could be materially and adversely affected.
- Our performance is subject to risks inherent in owning real estate investments.
- We will be materially dependent on sales of assets to generate cash flows.
- Our portfolio is concentrated in certain assets and, as a result, any adverse changes impacting any of these assets may have a material adverse effect on our business, financial condition and results of operations.
- Future sales of parcels at Asbury Park Waterfront and Magnolia Green will be subject to receipt of approvals from local municipalities.
- The residential market has experienced significant downturns that could recur and adversely affect us.
- We may be unable to complete the development of our properties successfully, which could materially and adversely affect our results of operations due to unexpected costs, delays and other contingencies.
- Demand for homes and apartment rentals may be adversely affected by a variety of macroeconomic factors beyond our control.
- We are subject to the risk of our Manager losing key personnel, and we may be unable to retain key asset-level consultants.
- We may experience losses if the creditworthiness of our tenants deteriorates and they are unable to meet their lease obligations.
- Lease and sublease expirations, defaults and terminations may adversely affect our revenue.
The other 39 risks
- Our expenses may remain constant or increase, even if our revenues decrease, which may have a material adverse effect on our business, financial condition and results of operations.
- Our property taxes could increase due to a change in property tax rates or a reassessment, which could impact our cash flows.
- Some of our assets are held in joint ventures with third parties. Joint venture investments could be adversely affected by the capital markets, lack of sole decision-making authority, changes in priorities or approvals by government agencies, reliance on joint venture partners’ financial condition and any disputes that may arise between us and our joint venture partners.
- The lodging industry is highly sensitive to trends in business and personal travel.
- We are subject to various operating risks common to the lodging industry.
- The cyclical nature of the lodging industry may cause fluctuations in our operating performance.
- We are subject to general risks associated with the employment of hotel personnel, including competition for labor.
- We depend on the ability of the independent hotel operators to operate and manage our hotels.
- Our hotel management agreements limit operating flexibility.
- We are subject to certain risks associated with potential liabilities under environmental laws and risks of loss from weather conditions, man-made or natural disasters, climate change and terrorism.
- Compliance or failure to comply with the Americans with Disabilities Act could result in substantial costs.
- Our assets may be subject to impairment charges.
- We may be subject to litigation, which could have a material adverse effect on our financial condition.
- Security breaches and other disruptions could compromise our information and expose us to liability, which would cause our business and reputation to suffer.
- The loss of our Investment Company Act exemption would materially adversely affect us.
- If we are unable to satisfy the regulatory requirements of the Sarbanes-Oxley Act, or if our disclosure controls or internal control over financial reporting is not effective, investors could lose confidence in our reported financial information, which could adversely affect the perception of our business and the trading price of our common shares.
- We have a significant amount of indebtedness that matures in 2028. Our governing documents do not limit the amount of indebtedness we may incur and we may become more highly leveraged.
- We are subject to risks associated with secured debt.
- Financial covenants could materially adversely affect our ability to conduct our business.
- We may change our business strategy and business policies without shareholder approval.
- We may sell all or substantially all of our assets and dissolve without shareholder approval.
- Risks Related to Our Relationship with Our Manager and its Affiliates
- Termination of the Management Agreement would be costly.
- The loss of our Manager or its key personnel could threaten our ability to operate successfully.
- Our Manager’s liability is limited under the management agreement, and we could experience poor performance or losses for which our Manager would not be liable.
- There are various potential conflicts of interest in our relationship with our Manager and its affiliates, which could result in decisions that are not in the best interest of our shareholders.
- The management fee payable to our Manager may not provide sufficient incentive to our Manager to maximize cashflows from assets.
- Our board of trustees will not approve each decision made by our Manager with regard to our legacy real estate assets, which may result in our Manager making riskier decisions on our behalf than would be specifically approved by our board of trustees.
- Safe may fail to perform under various transaction agreements that were executed as part of the Spin-Off, or we may fail to have necessary systems and services in place when certain of the transaction agreements expire.
- Potential indemnification liabilities owed to Safe (formerly iStar) pursuant to the Separation and Distribution Agreement may have a material adverse effect on our business, financial condition and results of operations.
- The Spin-Off may expose us to potential liabilities arising out of state and federal fraudulent conveyance laws.
- Our agreements with iStar and Safe in connection with the Spin-Off involved conflicts of interest, and we may have received better terms from unaffiliated third parties than the terms we received in these agreements.
- Pursuant to the Separation and Distribution Agreement, Safe (formerly iStar) indemnified us for certain pre-Spin-Off liabilities and liabilities related to Safe’s assets. However, there can be no assurance that these indemnities will be sufficient to insure us against the full amount of such liabilities, or that Safe’s ability to satisfy its indemnification obligation will not be impaired in the future.
- Risks Related to an Investment in Our Common Shares
- An active trading market for our common shares may not be sustained.
- We are taxed as a corporation and have not elected to qualify as a real estate investment trust.
- Legislative, regulatory or administrative changes could adversely affect us, our stockholders or our borrowers.
- Our organizational documents have certain provisions that could inhibit changes in control, which may discourage third parties from conducting a tender offer or seeking other change of control transactions that could involve a premium price for our common shares or that our shareholders otherwise believe to be in their best interest.
- Certain provisions of our organizational documents limit shareholder recourse and access to judicial fora.
- We do not expect to pay regular dividends.
- If we continue to qualify as an “emerging growth company,” we will not be required to comply with certain reporting requirements, including those relating to accounting standards and disclosure about our executive compensation, that apply to other public companies.
Legal proceedings
The Company and/or one or more of its subsidiaries is party to various pending litigation matters that are considered ordinary routine litigation incidental to the Company’s businesses of owning, developing and asset managing real estate. The Company believes it is not a party to, nor are any of its properties the subject of, any pending legal proceeding that would have a material adverse effect on the Company’s combined and consolidated financial statements.
The opening of Item 3, Legal Proceedings.4
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1SEC EDGARStar Holdings filings on SEC EDGAR
- 2SEC EDGARStar Holdings filings on SEC EDGAR
- 3
- 4
- 5SEC EDGARStar Holdings 10-K for fiscal 2025
- 6SEC EDGARStar Holdings 10-K for fiscal 2021
- 7SEC EDGARStar Holdings 10-K for fiscal 2022
- 8SEC EDGARStar Holdings 10-Q for fiscal 2026
- 9SEC EDGARStar Holdings 10-Q for fiscal 2026
- 10SEC EDGARMichael Lane Trachtenberg, President
- 11SEC EDGARJay Sugarman, President
- 12SEC EDGARMarcos Alvarado, President
- 13SEC EDGARBrett Asnas, Chief financial officer
- 14
- 15SEC EDGARMarcos Alvarado, Vice President
- 16
- 17SEC EDGARClifford Desouza, Board member
- 18SEC EDGARNina Matis, Board member
- 19SEC EDGAREntered a material agreement
- 20
- 21SEC EDGARResults of operations
- 22SEC EDGAROther events
- 23SEC EDGARShareholder vote
- 24SEC EDGARResults of operations
- 25SEC EDGARCompleted an acquisition or sale
- 26SEC EDGARResults of operations
- 27SEC EDGARExecutive or director change
- 28SEC EDGARResults of operations
- 29SEC EDGARResults of operations
- 30SEC EDGARExecutive or director change
- 31NasdaqNasdaq calendar
- 32
- 33
- 34
- 35
- 36
- 37
- 38
- 39
- 40
- 41
- 42
- 43
- 44
- 45
- 46
- 47