Star Holdings Files Q3 Report, Reports Land Sale and Net Loss
1 report, 1 independent
Updated Fri 00:00
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What happened
Star Holdings filed its Quarterly Report on Form 10-Q for the quarter ended September 30, 2026, reporting a net loss of $45.1 million and earnings per share of ($3.74). During the quarter, the company sold a land parcel in Coney Island for $20.0 million, recognizing a profit of $4.7 million. The company also reduced its margin loan facility balance from $94.5 million to $46.5 million.
From prnewswire.com
Why it matters
The financial results reflect a non-cash adjustment of ($53.1) million related to the company's investment in Safe. The sales of municipal debt securities and the Coney Island land parcel contributed to the company's operational cash flow and capital structure.
From prnewswire.com
Who's involved
- Star HoldingsCompany that filed the quarterly report and reported financial results
- SafeIndividual whose associated investment contributed to a non-cash adjustment in the report
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The entities involved
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Star Holdings
Nothing else this week.
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Securities and Exchange Commission
government agency of the Philippines