# Star Holdings: overview

STHO · Nasdaq · CIK 1953366 · [Real estate](/sectors/real-estate.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/stho.md) · [Financials](/companies/stho/financials.md) · [Filings](/companies/stho/filings.md) · [Insiders](/companies/stho/insiders.md)

Latest reported revenue: [$19.4m](/filings/0001953366-26-000020.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Aug 7, 2026 (XBRL us-gaap:Revenues, accession 0001953366-26-000020).

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [24.6](/filings/0001953366-25-000023.md) | [32.8 d](/filings/0001953366-26-000003.md) | [14.6](/filings/0001953366-26-000010.md) | [42.1](/filings/0001953366-26-000020.md) | [28.1](/filings/0001953366-25-000023.md) | [25.4 d](/filings/0001953366-26-000003.md) | [20.9](/filings/0001953366-26-000010.md) | [19.4](/filings/0001953366-26-000020.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Net margin | % | [374.3%](/filings/0001953366-25-000023.md) | [(313.0%) d](/filings/0001953366-26-000003.md) | [(52.0%)](/filings/0001953366-26-000010.md) | [(93.5%)](/filings/0001953366-26-000020.md) | [6.4%](/filings/0001953366-25-000023.md) | [(75.5%) d](/filings/0001953366-26-000003.md) | [(49.0%)](/filings/0001953366-26-000010.md) | [214.1%](/filings/0001953366-26-000020.md) |
| Diluted EPS | $ per share | [6.90](/filings/0001953366-25-000023.md) | not reported | [(0.57)](/filings/0001953366-26-000010.md) | [(2.95)](/filings/0001953366-26-000020.md) | [0.14](/filings/0001953366-25-000023.md) | not reported | [(0.85)](/filings/0001953366-26-000010.md) | [3.43](/filings/0001953366-26-000020.md) |
| Free cash flow | $m | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |

- Revenue. XBRL Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY (2021-12-31) | FY (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [272](/filings/0001953366-24-000005.md) | [124](/filings/0001558370-25-001097.md) | [123](/filings/0001953366-26-000003.md) | [113](/filings/0001953366-26-000003.md) | [110](/filings/0001953366-26-000003.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | not reported | not reported | not reported | not reported | not reported |
| Net margin | % | [23.1%](/filings/0001953366-24-000005.md) | [(29.3%)](/filings/0001558370-25-001097.md) | [(159.6%)](/filings/0001953366-26-000003.md) | [(76.6%)](/filings/0001953366-26-000003.md) | [(58.3%)](/filings/0001953366-26-000003.md) |
| Diluted EPS | $ per share | [4.71](/filings/0001953366-24-000005.md) | [(2.73)](/filings/0001558370-25-001097.md) | [(14.74)](/filings/0001953366-26-000003.md) | [(6.51)](/filings/0001953366-26-000003.md) | [(4.90)](/filings/0001953366-26-000003.md) |
| Free cash flow | $m | not reported | not reported | not reported | not reported | not reported |

- Revenue. XBRL Revenue: us-gaap:Revenues.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:Revenues.
- Operating margin (operating income / revenue). XBRL Revenue: us-gaap:Revenues.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:Revenues.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/stho/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [TORONTO DOMINION BANK](/funds/947263.md) | 2026-06-30 | $10.7m | 1,167,625 |  | Reduced −12,974 |
| [HIGHBRIDGE CAPITAL MANAGEMENT LLC](/funds/919185.md) | 2026-06-30 | $10.2m | 1,129,139 |  | Reduced −8,837 |
| [FOURSIXTHREE CAPITAL LP](/funds/1897652.md) | 2026-06-30 | $8.1m | 883,897 |  | Unchanged |
| [Saba Capital Management, L.P.](/funds/1510281.md) | 2026-06-30 | $6.9m | 757,228 |  | Reduced −174,155 |
| [TCW GROUP INC](/funds/850401.md) | 2026-06-30 | $6.2m | 683,487 |  | Added +68,011 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $4.9m | 536,747 |  | Added +7,641 |
| [Peapod Lane Capital LLC](/funds/2050979.md) | 2026-06-30 | $3.8m | 412,468 |  | Added +6,495 |
| [Rangeley Capital, LLC](/funds/1517796.md) | 2026-06-30 | $3.0m | 324,408 |  | Added +50,336 |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $2.4m | 260,227 |  | Added +15,654 |
| [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $1.5m | 161,956 |  | Reduced −12,569 |

## Recent filings

[All 104 filings](/companies/stho/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-10-09 | 20:01 ET | [8-K](/filings/0001104659-26-115032.md) | 1.01 Entry into a material agreement; 9.01 Financial statements and exhibits | 0001104659-26-115032 |
| 2026-10-02 | 20:01 ET | [8-K](/filings/0001104659-26-113260.md) | 1.01 Entry into a material agreement; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001104659-26-113260 |
| 2026-08-07 | 20:15 ET | [8-K](/filings/0001953366-26-000021.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001953366-26-000021 |
| 2026-08-07 | 20:03 ET | [10-Q](/filings/0001953366-26-000020.md) | Quarterly report, period 2026-06-30 | 0001953366-26-000020 |
| 2026-08-03 | 12:54 ET | [8-K](/filings/0001953366-26-000017.md) | 8.01 Other events | 0001953366-26-000017 |
| 2026-05-22 | 20:01 ET | [8-K](/filings/0001104659-26-065683.md) | 5.07 Shareholder vote results; 9.01 Financial statements and exhibits | 0001104659-26-065683 |
| 2026-05-08 | 20:10 ET | [8-K](/filings/0001953366-26-000011.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001953366-26-000011 |
| 2026-05-08 | 20:02 ET | [10-Q](/filings/0001953366-26-000010.md) | Quarterly report, period 2026-03-31 | 0001953366-26-000010 |
| 2026-04-07 | 21:05 ET | [DEF 14A](/filings/0001104659-26-040463.md) | Proxy statement, period 2026-05-21 | 0001104659-26-040463 |
| 2026-04-01 | 20:06 ET | [8-K](/filings/0001953366-26-000006.md) | 2.01 Completion of an acquisition or disposition; 9.01 Financial statements and exhibits | 0001953366-26-000006 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001953366-26-000003.md), filed Feb 17, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, is open for forecasts until the first results filing for it is accepted by EDGAR. Results are due by \[object Promise\]. [Forecast this quarter](/leagues/2026q3/targets/fc5cd1e4-b8d5-45b1-82e0-1e55abce551e)

## About the filer

- CIK: 1953366
- Tickers: STHO
- Exchange: Nasdaq
- SIC code: 6519 Lessors of  Real Property, NEC
- State of incorporation: MD
- Filer category: <br>Emerging growth company

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 24, 2026, 15:50 ET. No prices; not investment advice.
