Star Holdings Q1 FY26 net loss widens to $14.46 million; revenue rises to $20.94 million

• Star Holdings posted a net loss of $14.46 million for the quarter ended March 31, 2026, widening from $8.05 million a year earlier.
• Revenue rose to $20.94 million from $14.62 million, driven by land development revenue of $11.02 million versus $5.18 million on a bulk sale at Asbury Park.
• Interest expense climbed to $6.09 million from $3.76 million, including $2.3 million on the Safe Credit Facility and $1.7 million on the Margin Loan Facility.
• Unrealized loss on equity investment was $2.16 million versus an unrealized gain of $3.25 million, reflecting mark-to-market moves in Safe Shares valued at $183 million at March 31, 2026.
• Management reiterated plans to monetize assets through sales and repayments, citing monetizing-portfolio carrying value of $71.5 million and expectations to sell remaining Magnolia Green residential lots over next two years, with timing uncertain.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Star Holdings published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001953366-26-000010), on May 08, 2026, and is solely responsible for the information contained therein.