Get notified when STHO files again. Create a free account and we'll email you the moment its next filing is analyzed.
Get filing alertsRed Flags Detected
- Margin Loan Facility Amendment Tightened Terms (worsened) — The October 2026 amendment lowered the mandatory prepayment trigger price from $10.00 to $8.00 and reduced loan-to-value thresholds, increasing the risk of forced prepayments if Safe's share price declines further.
Star Holdings swings to $45.1M loss as Safe stake slumps; bulk land sale lifts revenue 42.1%
Filed November 6, 2026 · Period ending September 30, 2026 · Compared to 10-Q Nov 7, 2025 · ~1 min read
Key Changes
-
high
Safe investment fair value fell to $159.2M from $209.5M, driving a $53.1M unrealized loss and a net loss of $45.1M for the quarter.
MD&A: Safe investment verify on EDGAR → -
high
Margin Loan Facility amendment lowered the mandatory prepayment trigger from $10.00 to $8.00 and tightened loan-to-value thresholds, increasing collateral call risk.
MD&A: Margin Loan Facility verify on EDGAR → -
high
Monetizing portfolio shrank to $16.7M from $160.2M, reflecting asset sales and loan repayments; all available-for-sale securities were sold for a $4.5M gain.
MD&A: Portfolio verify on EDGAR →
2 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.
Want to see a complete report first? Today's free report (OWL 10-Q) is open in full — no account needed.
Partner
Trade STHO commission-free
Open an account, get a free stock.
Investing involves risk. Free stock terms apply.
Thanks — your feedback helps us improve report quality.
Figures/quotes linked to EDGAR · Narrative written by AI · Nov 9, 2026 · How we verify