Star Holdings swings to $41.5M net income in Q2 2026 on non-operating factors

Filed August 7, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 7, 2025 · ~1 min read

Key Changes

• high

  Net income swung from a $39.7M loss in Q2 2025 to $41.5M profit in Q2 2026, driven by a $29.3M unrealized gain.

  MD&A: Net income / loss swing verify on EDGAR →
• high

  Deconsolidated the Asbury Park multifamily venture in March 2026 after the $10.6M mezzanine loan was repaid and guaranties released, removing $149.9M in land/development assets and $70.4M in real estate from the balance sheet.

  Notes: Asbury Park venture deconsolidation verify on EDGAR →
• medium

  Completed the $10.0M share repurchase program in the first half of 2026, buying back 0.2M shares for $2.0M at an average price of $8.43 per share (31% higher than the $6.41 average in the prior-year period).

  Notes: Share repurchase program completion verify on EDGAR →