Star Holdings ( (STHO) ) has released its Q4 earnings. Here is a breakdown of the information Star Holdings presented to its investors.
Star Holdings, a company primarily involved in real estate investments and asset management, focuses on maximizing shareholder value through active asset management and sales of its diverse portfolio, including interests in residential and commercial properties.
In its latest earnings report, Star Holdings disclosed a net loss attributable to common shareholders of $102.6 million for the fourth quarter and $86.8 million for the fiscal year 2024. The company’s earnings per share also reflected a significant decline, primarily due to a non-cash market-to-market adjustment related to its investment in Safehold Inc.
Key financial highlights include a substantial non-cash adjustment that negatively impacted earnings per share by $7.87 for the quarter and $4.99 for the year. Despite these challenges, Star Holdings successfully sold a property in California, generating a net profit of $12.3 million and providing a short-term loan to the buyer to facilitate the acquisition.
Looking ahead, Star Holdings remains committed to enhancing shareholder value by focusing on asset sales and cash flow maximization. The company’s management continues to emphasize strategic asset management as a core component of its growth strategy.