Core Insights - Star Holdings (NASDAQ: STHO) filed its Annual Report on Form 10-K for the year ended December 31, 2024, with the SEC [1] Financial Performance - The net income attributable to common shareholders was a loss of $102.6 million for Q4 and a loss of $86.8 million for the year [2] - Earnings per share were reported at ($7.70) for Q4 and ($6.51) for the year [2] - A non-cash market-to-market adjustment related to an investment in approximately 13.5 million shares of SAFE resulted in a loss of $104.8 million, impacting earnings per share by ($7.87) for the quarter and ($4.99) for the year [2] Asset Management and Sales - During Q4, the company sold land and improvements at a California property for $21.5 million, resulting in a net profit of $12.3 million [3] - The company provided the buyer with a $17.75 million short-term loan to facilitate the acquisition [3] Portfolio Overview - Star Holdings' portfolio includes interests in the Asbury Park Waterfront, Magnolia Green residential development projects, and other commercial real estate properties and loans [4] - The company aims to maximize cash flows through active asset management and asset sales to realize value for shareholders [4]
Star Holdings Reports Fourth Quarter and Fiscal Year 2024 Results