Core Insights - Star Holdings (NASDAQ: STHO) filed its Quarterly Report on Form 10-Q for the quarter ended June 30, 2025, with the Securities and Exchange Commission [1] Financial Performance - The net loss attributable to common shareholders for the first quarter was $39.3 million, resulting in an earnings per share of ($2.95). This includes a non-cash adjustment of $42.7 million that decreased earnings per share by $3.21 related to an investment in approximately 13.5 million shares of SAFE [2] - In the second quarter, the company recorded $26.6 million in land revenues, primarily from the sale of 72 lots at Magnolia Green for $11.7 million and a land parcel in Asbury Park for $14.2 million [3] Company Portfolio - Star Holdings' portfolio mainly consists of interests in the Asbury Park Waterfront, Magnolia Green residential development projects, and other commercial real estate properties and loans intended for sale or monetization. The company also holds shares of Safehold Inc. (NYSE: SAFE) [5] - The company aims to enhance shareholder value by maximizing cash flows through active asset management and asset sales [5]