Every material Form 8-K Star Holdings has filed with the SEC since August 07, 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Star Holdings reported a third-quarter net loss attributable to common shareholders of $45.1 million, or $3.74 per share, for the quarter ended September 30, 2026. The loss reflects a non-cash mark-to-market adjustment of $53.1 million on its roughly 13.5 million Safehold (SAFE) shares, which reduced per-share earnings by $4.40. The company also raised cash through asset sales and cut its margin loan balance roughly in half, which matters to shareholders because the company says it plans to realize value mainly through asset sales and active asset management.
Q3 2026 net loss attributable to common shareholders: $45.1 million, or $3.74 per share
Non-cash SAFE adjustment of $53.1 million reduced earnings per share by $4.40
Sold municipal debt securities portfolio for $50.2 million, with a $4.5 million gain
Sold Coney Island land parcel for $20.0 million with a $4.7 million profit; margin loan reduced from $94.5 million to $46.5 million
On October 9, 2026, subsidiary STAR Investment Holdings SPV LLC entered into Amendment No. 5 to its margin loan with Morgan Stanley, which had about $46.5 million outstanding before the amendment. The amendment lowers the share price trigger that would require mandatory prepayment from $10.00 to $8.00 for the Safehold common stock pledged as collateral, and it ends a $15.8 million undrawn delayed draw commitment. Because the lower trigger and loan-to-value changes affect when collateral and repayment obligations apply, shareholders should note the changed terms on the loan secured by Safehold shares.
Share price trigger for mandatory prepayment cut from $10.00 to $8.00 per Safehold common share
Delayed draw commitment of up to $15.8 million terminated; it was undrawn at the amendment date
Loan had about $46.5 million principal outstanding before Amendment No. 5, secured by a first priority pledge of Safehold shares
Amendment also lowers loan-to-value ratios that trigger additional collateral posting or permit collateral release requests
Star Holdings amended its term loan with Safehold, extending maturity to March 31, 2029, and amended its management agreement with a Safehold subsidiary, raising the termination fee to $62.5 million. On September 30, 2026, the company also cut its margin loan balance from $94.5 million to $46.5 million, which reduces its borrowing but adds fee costs that shareholders should weigh.
Margin loan balance reduced from $94.5 million to $46.5 million on September 30, 2026, funded mainly by about $30.0 million of asset sale proceeds and $18.0 million of restricted cash
Term loan maturity extended one year to March 31, 2029, with an extension fee of 0.5% of outstanding loans and a 1.0% per annum rate increase during any extension to September 30, 2029
Management agreement termination fee increased from $55.0 million to $62.5 million, with minimum quarterly management fees of $1.25 million and $625,000 set for later annual terms
Star Holdings reported net income attributable to common shareholders of $41.4 million, or $3.43 per share, for the quarter ended June 30, 2026. The results include two non-cash items: a $29.3 million mark-to-market adjustment on its approximately 13.5 million Safehold (SAFE) shares and $14.4 million of deferred non-cash income from surrendering an asset to a local municipality after a lease expired, so the reported profit depends heavily on items that do not generate cash.
Net income attributable to common shareholders was $41.4 million, with earnings per share of $3.43.
A non-cash mark-to-market adjustment of $29.3 million on about 13.5 million SAFE shares added $2.43 to earnings per share.
$14.4 million, or $1.19 per share, of deferred non-cash income was recognized after an asset was surrendered to a local municipality following lease expiration.
The company filed its Form 10-Q for the quarter ended June 30, 2026 with the SEC.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Star Holdings filing is on SEC EDGAR ↗. 8-K briefs of other companies →