Core Insights - Star Holdings reported a net loss of $7.6 million for Q1 2025, translating to an earnings per share of ($0.57), which includes a non-cash adjustment that positively impacted earnings per share by $0.24 due to a mark-to-market valuation of its investment in Safehold Inc. [2] Financial Performance - The company recorded $5.2 million in land revenues from the sale of 45 lots at Magnolia Green during the first quarter [3] - Following the quarter, Star Holdings sold a land parcel in Asbury Park for approximately $14.0 million [3] Debt and Financial Agreements - Star Holdings amended its Safe Credit Facility, Margin Loan Facility, and Management Agreement, extending related debt maturities to March 31, 2028 [4] - A delayed-draw feature of approximately $15.8 million was added to the Margin Loan Facility, and a $10.0 million share repurchase program was authorized [4] Company Overview - Star Holdings' portfolio primarily includes interests in the Asbury Park Waterfront, Magnolia Green residential development projects, and other commercial real estate properties and loans [5] - The company aims to maximize cash flows and realize value for shareholders through active asset management and asset sales [5]