Financial Snapshot

Revenue
$136.8M
TTM
Gross Margin
9.85%
TTM
Net Earnings
-$91.78M
TTM
Current Assets
$50.02M
Q2 2024
Current Liabilities
$12.62M
Q2 2024
Current Ratio
396.35%
Q2 2024
Total Assets
Q2 2024
Total Liabilities
Q2 2024
Book Value
$356.8M
Q2 2024
Cash
Q2 2024
P/E
-1.951
Sep 13, 2024 EST
Free Cash Flow
-$47.89M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020
Revenue $123.1M $124.1M $272.2M $271.1M
YoY Change -0.84% -54.41% 0.41%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020
Revenue $123.1M $124.1M $272.2M $271.1M
Cost Of Revenue $109.9M $112.6M $216.5M $222.7M
Gross Profit $13.14M $11.40M $55.70M $48.40M
Gross Profit Margin 10.68% 9.19% 20.46% 17.85%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020
Selling, General & Admin $36.70M $11.60M $46.90M $40.70M
YoY Change 216.37% -75.27% 15.23%
% of Gross Profit 279.23% 101.75% 84.2% 84.09%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $4.572M $4.910M $6.490M $6.100M
YoY Change -6.88% -24.35% 6.39%
% of Gross Profit 34.79% 43.07% 11.65% 12.6%
Operating Expenses $43.80M $62.10M $45.80M $56.00M
YoY Change -29.47% 35.59% -18.21%
Operating Profit -$30.66M -$50.70M $9.900M -$7.600M
YoY Change -39.53% -612.12% -230.26%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020
Interest Expense -$163.5M $3.600M $49.80M -$32.40M
YoY Change -4642.81% -92.77% -253.7%
% of Operating Profit 503.03%
Other Income/Expense, Net $791.0K $494.0K $515.0K
YoY Change 60.12% -4.08%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020
Pretax Income -$196.3M -$36.30M $85.20M -$45.50M
YoY Change 440.74% -142.61% -287.25%
Income Tax $0.00 $0.00 $22.50M -$17.50M
% Of Pretax Income 26.41%
Net Earnings -$196.4M -$36.30M $62.70M -$28.00M
YoY Change 440.93% -157.89% -323.93%
Net Earnings / Revenue -159.57% -29.25% 23.03% -10.33%
Basic Earnings Per Share -$14.74 -$2.73 $4.71
Diluted Earnings Per Share -$14.74 -$2.73 $4.71 -$2.10

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020
Cash & Short-Term Investments $50.66M $4.200M $15.50M
YoY Change 1106.26% -72.9%
Cash & Equivalents $50.66M $4.200M $15.50M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $0.00 $300.0K
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $50.66M $4.200M $15.80M
YoY Change 1106.26% -73.42%
Property, Plant & Equipment $258.2M $310.4M $381.4M $628.3M
YoY Change -16.82% -18.62% -39.3%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $316.5M $587.1M $500.4M $511.4M
YoY Change -46.1% 17.33% -2.15%
Other Assets $10.05M $3.200M $1.600M
YoY Change 214.09% 100.0%
Total Long-Term Assets $618.5M $1.001B $1.241B
YoY Change -38.22% -19.32%
Total Assets $669.2M $1.005B $1.257B $1.886B
YoY Change
Accounts Payable $46.10M
YoY Change
Accrued Expenses $7.452M $6.900M $7.900M
YoY Change 8.0% -12.66%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $7.452M $6.900M $7.900M $46.10M
YoY Change 8.0% -12.66% -82.86%
Long-Term Debt $192.9M $0.00 $0.00 $42.50M
YoY Change -100.0%
Other Long-Term Liabilities $35.01M $26.20M $24.40M
YoY Change 33.63% 7.38%
Total Long-Term Liabilities $227.9M $26.20M $24.40M $42.50M
YoY Change 769.87% 7.38% -42.59%
Total Liabilities $257.6M $33.80M $33.10M $89.10M
YoY Change 662.26% 2.11% -62.85%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020
Basic Shares Outstanding 13.32M 13.32M 13.32M
Diluted Shares Outstanding 13.32M 13.32M 13.32M
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Dividends

Dividends

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Stock Price

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Market Cap: $179.01 Million

About Star Holdings

Star Holdings engages in non-ground lease related businesses. The company is headquartered in New York City, New York and currently employs 86 full-time employees. The company went IPO on 2023-03-24. The firm focuses on realizing value for shareholders primarily by generating cash flows through active asset management and sales of its existing loans, operating properties and land and development properties. Its development portfolio includes Asbury Park Waterfront and Magnolia Green. The Asbury Park Waterfront investment includes Asbury Ocean Club Surfside Resort and Residences, The Asbury, and Asbury Lanes. Magnolia Green is an approximately 1,900-acre multi-generational master planned residential community that is entitled for 3,550 single and multifamily dwelling units and approximately 193 acres of land for commercial development.

Industry: Lessors of Real Property, NEC Peers: WP Carey Inc Generation Income Properties Inc Pacific Oak Strategic Opportunity REIT Inc Presidio Property Trust Inc PILLARSTONE CAPITAL REIT