Star Holdings specializes in commercial real estate operations across the United States, specifically focusing on ventures that do not involve ground leases. ...
Star Holdings, trading on NASDAQ under the ticker STHO, is a Maryland statutory trust headquartered in New York City. The company was incorporated in 2022 and began trading in March 2023, after being spun off from iStar Inc. to hold and monetize iStar's legacy non-ground lease assets. The portfolio primarily ...Star Holdings, trading on NASDAQ under the ticker STHO, is a Maryland statutory trust headquartered in New York City. The company was incorporated in 2022 and began trading in March 2023, after being spun off from iStar Inc. to hold and monetize iStar's legacy non-ground lease assets. The portfolio primarily includes equity interests in residential development projects such as Asbury Park Waterfront in New Jersey and Magnolia Green in Virginia, along with commercial real estate properties and related loans that are being marketed for sale or prepared for monetization. Star Holdings is externally managed and focuses on maximizing value from these assets. As of the latest data, the company has 72 full-time employees. Financially, the company has a market capitalization of approximately $114.7 million, with a low price-to-book ratio of 0.405, indicating that the stock trades below its book value. The company has a net profit margin of 17.5% for the trailing twelve months, though it has negative operating cash flow and EBITDA margins, reflecting its monetization strategy. The leadership, under CEO Jay S. Sugarman, who also serves as Chairman and CEO of iStar, brings substantial experience in building public companies. The company aims to unlock shareholder value through the sale and development of its real estate assets, with a focus on delivering returns through asset monetization and strategic dispositions.
YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.
QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).
$110.1M
+23.9%
-50.1%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.
$-64.2M
+25.9%
+504.2%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.
+19.3%
+167.1%
+924.0%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).
+11.3%
+183.4%
+622.4%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.
-58.3%
+40.3%
+909.4%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.
$-66.4M
+1.2%
+72.7%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.
-60.3%
+20.3%
+45.3%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.
107.0%
+58.8%
-14.5%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.
3.61x
+839.8%
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Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.
