Star Holdings Q2 2026 net income $41.4 million, or $3.43 a share, includes non-cash gains
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.
Key points
- 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.
The filing
Written by AI on Nov 9, 2026, 11:44 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 07, 2026.
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.