Financial Performance - Total revenue for the three months ended June 30, 2024, was $30.6 million, an increase of 19.9% from $25.5 million for the same period in 2023[73] - Land development revenue for the three months ended June 30, 2024, was $15.7 million, compared to $11.8 million for the same period in 2023, reflecting a significant increase due to a bulk sale at Coney Island[73] - Net loss for the three months ended June 30, 2024, was $27.9 million, an improvement from a net loss of $89.9 million for the same period in 2023[73] - Total revenue increased to $55.986 million for the six months ended June 30, 2024, compared to $42.266 million for the same period in 2023, representing a growth of 32.4%[77] - Land development revenue rose to $32.316 million in the first half of 2024, up from $21.382 million in the same period of 2023, marking an increase of 51.5%[77] - Net loss improved to $(76.948) million for the six months ended June 30, 2024, compared to a net loss of $(180.674) million in the same period of 2023, an improvement of 57.4%[77] Expenses - General and administrative expenses decreased to $4.6 million for the three months ended June 30, 2024, from $7.6 million for the same period in 2023[75] - General and administrative expenses decreased to $11.979 million in the first half of 2024 from $21.650 million in 2023, a reduction of 44.8%[79] - The annual management fee payable to the Manager decreased from $25 million to $15 million for the second annual term of the Management Agreement starting March 31, 2024[79] Cash and Investments - The aggregate carrying value of the Asbury Park Waterfront investment was approximately $132.5 million as of June 30, 2024[68] - Magnolia Green has an aggregate carrying value of $50.2 million as of June 30, 2024, with 2,077 residential lots sold to homebuilders[70] - The fair value of Safe Shares was $260.9 million based on a closing price of $19.29 as of June 28, 2024[71] - The company holds $57.6 million in cash and cash equivalents and restricted cash[88] Interest and Debt - The company incurred $1.7 million of interest expense on its Margin Loan Facility for the three months ended June 30, 2024, down from $2.5 million for the same period in 2023[75] - The company has $85.5 million in floating-rate debt obligations outstanding as of June 30, 2024[88] - A decrease of 100 basis points in interest rates could increase net income by $279,000[89] - A decrease of 50 basis points in interest rates could increase net income by $140,000[89] - A decrease of 10 basis points in interest rates could increase net income by $28,000[89] - An increase of 10 basis points in interest rates could decrease net income by $28,000[89] - An increase of 50 basis points in interest rates could decrease net income by $140,000[89] - An increase of 100 basis points in interest rates could decrease net income by $279,000[89] - The company is exposed to significant interest rate risk which could adversely affect profitability[88] - The company may implement hedging strategies to mitigate interest rate risks[88] Future Outlook - The company anticipates selling remaining residential lots at Magnolia Green over the next two years, although the timing is uncertain[70] - The company expects land development revenue to decline in the future as fewer residential and development assets remain[77] - The unrealized loss on equity investment for the three months ended June 30, 2024, was $17.7 million, a significant improvement from a loss of $76.3 million for the same period in 2023[73] - Unrealized gains on equity investments improved to $(55.578) million in the first half of 2024 from $(166.932) million in 2023, a positive change of 66.7%[77] - Cash flows used in operating activities increased to $(20.637) million for the six months ended June 30, 2024, compared to $(4.656) million in 2023[85]

Financial Performance - Star Holdings reported earnings for Q1 2024, with a total revenue of $150 million, representing a 15% increase year-over-year[5] - The company achieved a net income of $30 million for the quarter, up from $25 million in the same period last year, reflecting a 20% growth[5] - Star Holdings provided guidance for Q2 2024, projecting revenue between $160 million and $170 million, indicating a growth rate of 7% to 13%[5] User Engagement - User data showed an increase in active users to 1.2 million, a 10% rise compared to the previous quarter[5] - The company reported a 5% increase in customer retention rates, attributed to improved service offerings and user engagement initiatives[5] Market Expansion - Star Holdings plans to expand its market presence in Europe, targeting a 25% increase in market share by the end of 2024[5] - The company is exploring potential acquisition opportunities to bolster its technology capabilities, with a focus on firms specializing in AI[5] Investment in Development - The company is investing $5 million in new product development aimed at enhancing user experience and expanding its market reach[5] - Star Holdings has initiated a new marketing strategy aimed at increasing brand awareness, with a budget allocation of $2 million for the next quarter[5] Sustainability Commitment - Star Holdings remains committed to sustainability, with plans to reduce operational carbon emissions by 30% by 2025[5]

Table of Contents Consolidate UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________________________________________________________ FORM 10-Q Commission File No. 001-41572 _______________________________________________________________________________ Star Holdings (Exact name of registrant as specified in its charter) Registrant's telephone number, including area code: (212) 930-9400 __________________________________________________________________________ ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 27, 2024 Star Holdings (Exact name of registrant as specified in its charter) Maryland 001-41572 37-6762818 (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.) 1114 Avenue of the Americas, 39th Floor New York, New York 10036 (Addres ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-41572 Star Holdings (Exact name of registrant as specified in its charter) Maryland 37-6762818 (State or other jurisdi ...

Table of Contents Consolidate UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________________________________________________________ FORM 10-Q Commission File No. 001-41572 _______________________________________________________________________________ Star Holdings (Exact name of registrant as specified in its charter) Registrant's telephone number, including area code: (212) 930-9400 __________________________________________________________________________ ...

Table of Contents Consolidate UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________________________________________________________ FORM 10-Q Commission File No. 001-41572 _______________________________________________________________________________ Star Holdings (Exact name of registrant as specified in its charter) Registrant's telephone number, including area code: (212) 930-9400 __________________________________________________________________________ ...

Table of Contents Consolidate UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________________________________________________________ FORM 10-Q Commission File No. 001-41572 _______________________________________________________________________________ Star Holdings (Exact name of registrant as specified in its charter) Registrant's telephone number, including area code: (212) 930-9400 __________________________________________________________________________ ...