$STHO
Star Holdings

2024 Q3 Form 10-Q Financial Statement

#000195336624000018 Filed on August 06, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $24.55M $30.55M
YoY Change -43.66% 19.9%
Cost Of Revenue $20.93M $31.09M
YoY Change -33.71% 26.11%
Gross Profit $3.625M -$534.0K
YoY Change -69.8% -164.34%
Gross Profit Margin 14.77% -1.75%
Selling, General & Admin $4.663M $4.686M
YoY Change -37.91% -38.75%
% of Gross Profit 128.63%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $986.0K $1.178M
YoY Change -12.28% 8.07%
% of Gross Profit 27.2%
Operating Expenses $5.694M $5.870M
YoY Change -36.1% -34.71%
Operating Profit -$2.069M -$6.404M
YoY Change -166.89% -21.52%
Interest Expense $89.84M -$21.55M
YoY Change -206.48% -73.31%
% of Operating Profit
Other Income/Expense, Net $2.000K $8.000K
YoY Change -98.9% -97.46%
Pretax Income $91.47M -$27.95M
YoY Change -211.88% -68.92%
Income Tax $0.00
% Of Pretax Income
Net Earnings $91.90M -$27.12M
YoY Change -212.33% -69.86%
Net Earnings / Revenue 374.33% -88.75%
Basic Earnings Per Share $6.90 -$2.04
Diluted Earnings Per Share $6.90 -$2.04
COMMON SHARES
Basic Shares Outstanding 13.32M 13.32M
Diluted Shares Outstanding 13.32M 13.32M

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $45.05M $48.28M
YoY Change -1.13% -12.06%
Cash & Equivalents $45.05M $48.28M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $1.746M
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $45.05M $50.02M
YoY Change -1.13% -8.88%
LONG-TERM ASSETS
Property, Plant & Equipment $242.5M $236.0M
YoY Change -12.17% -19.66%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $354.7M $260.9M
YoY Change 47.19% -18.79%
Other Assets $9.493M $9.310M
YoY Change 67.93% 221.03%
Total Long-Term Assets $651.5M $551.0M
YoY Change 16.61% -14.9%
TOTAL ASSETS
Total Short-Term Assets $45.05M $50.02M
Total Long-Term Assets $651.5M $551.0M
Total Assets $696.5M $601.0M
YoY Change 15.27% -14.43%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $13.85M $12.62M
YoY Change 117.57% 75.29%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $13.85M $12.62M
YoY Change 117.57% 75.29%
LONG-TERM LIABILITIES
Long-Term Debt $201.2M $197.2M
YoY Change -5.46% -13.28%
Other Long-Term Liabilities $32.87M $34.46M
YoY Change -9.47% -7.13%
Total Long-Term Liabilities $234.1M $231.7M
YoY Change -6.04% -12.41%
TOTAL LIABILITIES
Total Short-Term Liabilities $13.85M $12.62M
Total Long-Term Liabilities $234.1M $231.7M
Total Liabilities $247.9M $244.3M
YoY Change -2.96% -10.09%
SHAREHOLDERS EQUITY
Retained Earnings -$180.6M -$272.5M
YoY Change -31.2% 50.77%
Common Stock $13.00K $13.00K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $427.5M $335.3M
YoY Change
Total Liabilities & Shareholders Equity $696.5M $601.0M
YoY Change 15.27% -14.43%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income $91.90M -$27.12M
YoY Change -212.33% -69.86%
Depreciation, Depletion And Amortization $986.0K $1.178M
YoY Change -12.28% 8.07%
Cash From Operating Activities -$3.786M -$6.407M
YoY Change -54.49% 55.89%
INVESTING ACTIVITIES
Capital Expenditures $12.00M $375.0K
YoY Change 1648.54% -92.82%
Acquisitions
YoY Change
Other Investing Activities $10.95M $8.251M
YoY Change -38.09% -52.36%
Cash From Investing Activities -$1.045M $7.876M
YoY Change -106.15% -34.91%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.783M
YoY Change -111.68%
NET CHANGE
Cash From Operating Activities -3.786M -6.407M
Cash From Investing Activities -1.045M 7.876M
Cash From Financing Activities 1.783M
Net Change In Cash -3.048M 1.469M
YoY Change -53.66% -108.33%
FREE CASH FLOW
Cash From Operating Activities -$3.786M -$6.407M
Capital Expenditures $12.00M $375.0K
Free Cash Flow -$15.78M -$6.782M
YoY Change 75.25% -27.31%

Facts In Submission

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ProfitLoss
-76948000
us-gaap Profit Loss
ProfitLoss
-180674000
CY2024Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-837000
CY2023Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
27000
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-852000
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
2000
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
-27115000
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
-89961000
us-gaap Net Income Loss
NetIncomeLoss
-76096000
us-gaap Net Income Loss
NetIncomeLoss
-180676000
CY2024Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-2.04
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-6.75
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-5.71
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-5.71
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-13.56
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-13.56
us-gaap Profit Loss
ProfitLoss
-180674000
us-gaap Aoci Including Portion Attributable To Noncontrolling Interest Period Increase Decrease
AociIncludingPortionAttributableToNoncontrollingInterestPeriodIncreaseDecrease
-989000
us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
3098000
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1778000
us-gaap Stockholders Equity Note Spinoff Transaction
StockholdersEquityNoteSpinoffTransaction
-364781000
stho Minority Interest Increase Decrease From Other Changes
MinorityInterestIncreaseDecreaseFromOtherChanges
-23000
CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
430678000
us-gaap Profit Loss
ProfitLoss
-76948000
us-gaap Profit Loss
ProfitLoss
-180674000
us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
15000
us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
1632000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
2361000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
2171000
us-gaap Share Based Compensation
ShareBasedCompensation
1778000
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
-492000
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
-484000
stho Deferred Intereston Loans
DeferredInterestonLoans
4517000
stho Amortization Of Discounts Or Premiums Deferred Interest And Costs On Lending Investments
AmortizationOfDiscountsOrPremiumsDeferredInterestAndCostsOnLendingInvestments
-3899000
stho Amortization Of Discounts Or Premiums Deferred Interest And Costs On Lending Investments
AmortizationOfDiscountsOrPremiumsDeferredInterestAndCostsOnLendingInvestments
-215000
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
30216000
us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
19459000
us-gaap Straight Line Rent
StraightLineRent
-68000
us-gaap Straight Line Rent
StraightLineRent
-60000
us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
-55578000
us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
-166932000
stho Gain Loss On Extinguishment Of Debt Including Discontinued Operations
GainLossOnExtinguishmentOfDebtIncludingDiscontinuedOperations
-1040000
stho Land Development Revenue In Excess Of Cost Of Sales
LandDevelopmentRevenueInExcessOfCostOfSales
963000
stho Land Development Revenue In Excess Of Cost Of Sales
LandDevelopmentRevenueInExcessOfCostOfSales
-950000
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
-268000
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
292000
stho Increase Decrease In Accrued Interest And Operating Lease And Income Receivable
IncreaseDecreaseInAccruedInterestAndOperatingLeaseAndIncomeReceivable
-168000
stho Increase Decrease In Accrued Interest And Operating Lease And Income Receivable
IncreaseDecreaseInAccruedInterestAndOperatingLeaseAndIncomeReceivable
-756000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1764000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
3452000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-2291000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
10368000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-20637000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-4656000
us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
8950000
us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
2168000
us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
240000
us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
680000
stho Paymentfor Capital Expenditureson Landand Development Assets
PaymentforCapitalExpendituresonLandandDevelopmentAssets
6340000
stho Paymentfor Capital Expenditureson Landand Development Assets
PaymentforCapitalExpendituresonLandandDevelopmentAssets
6761000
stho Proceeds From Principal Repayments On Portfolio Of Assets
ProceedsFromPrincipalRepaymentsOnPortfolioOfAssets
31757000
us-gaap Proceeds From Sale Of Loans Receivable
ProceedsFromSaleOfLoansReceivable
0
us-gaap Proceeds From Sale Of Loans Receivable
ProceedsFromSaleOfLoansReceivable
37650000
stho Proceeds From Sale Of Land And Development Assets
ProceedsFromSaleOfLandAndDevelopmentAssets
32727000
stho Proceeds From Sale Of Land And Development Assets
ProceedsFromSaleOfLandAndDevelopmentAssets
21185000
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
47165000
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-313000
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-732000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
17510000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
128880000
stho Proceeds Payments Of Financing Transactions With Istar
ProceedsPaymentsOfFinancingTransactionsWithIstar
-290077000
us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
253070000
us-gaap Repayments Of Debt
RepaymentsOfDebt
35000000
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
1262000
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-635000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-73904000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-3127000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
50320000
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
60714000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
7474000
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
57587000
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
57794000
CY2024Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
48277000
CY2023Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
54944000
CY2024Q2 us-gaap Restricted Cash
RestrictedCash
9310000
CY2023Q2 us-gaap Restricted Cash
RestrictedCash
2850000
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
57587000
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
57794000
CY2023Q1 stho Common Stock In Affiliate Received In Spinoff
CommonStockInAffiliateReceivedInSpinoff
13522651
CY2023Q1 stho Percentage Of Common Shares Of Beneficial Interest Distributed At Spinoff
PercentageOfCommonSharesOfBeneficialInterestDistributedAtSpinoff
1
CY2023Q1 stho Pro Rata Distribution Common Shares Issued For Outstanding Shares At Spinoff
ProRataDistributionCommonSharesIssuedForOutstandingSharesAtSpinoff
0.153
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1
stho General And Administrative Expense Allocated
GeneralAndAdministrativeExpenseAllocated
14100000
stho Interest Expense Allocated
InterestExpenseAllocated
8000000.0
CY2024Q2 us-gaap Real Estate Heldforsale
RealEstateHeldforsale
1700000
CY2024Q2 stho Tenant Expense Reimbursements
TenantExpenseReimbursements
400000
CY2023Q2 stho Tenant Expense Reimbursements
TenantExpenseReimbursements
400000
stho Tenant Expense Reimbursements
TenantExpenseReimbursements
800000
stho Tenant Expense Reimbursements
TenantExpenseReimbursements
800000
CY2024Q2 stho Other Lending Investments
OtherLendingInvestments
13386000
CY2023Q4 stho Other Lending Investments
OtherLendingInvestments
4579000
CY2024Q2 stho Notes Receivable And Other Lending Investments Before Allowance For Credit Losses
NotesReceivableAndOtherLendingInvestmentsBeforeAllowanceForCreditLosses
31193000
CY2023Q4 stho Notes Receivable And Other Lending Investments Before Allowance For Credit Losses
NotesReceivableAndOtherLendingInvestmentsBeforeAllowanceForCreditLosses
21395000
CY2024Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
512000
CY2023Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
497000
CY2024Q2 stho Notes Receivable And Other Lending Investments Net Of Allowance For Credit Losses
NotesReceivableAndOtherLendingInvestmentsNetOfAllowanceForCreditLosses
30681000
CY2023Q4 stho Notes Receivable And Other Lending Investments Net Of Allowance For Credit Losses
NotesReceivableAndOtherLendingInvestmentsNetOfAllowanceForCreditLosses
20898000
CY2024Q1 stho Allowance For Credit Loss
AllowanceForCreditLoss
514000
CY2024Q2 stho Credit Loss Expense Reversal
CreditLossExpenseReversal
-2000
CY2024Q2 stho Allowance For Credit Loss
AllowanceForCreditLoss
512000
CY2023Q1 stho Allowance For Credit Loss
AllowanceForCreditLoss
458000
CY2023Q2 stho Credit Loss Expense Reversal
CreditLossExpenseReversal
-69000
CY2023Q2 stho Allowance For Credit Loss
AllowanceForCreditLoss
389000
CY2024Q2 stho Financing Receivable And Unfunded Commitments Credit Loss Expense Reversal
FinancingReceivableAndUnfundedCommitmentsCreditLossExpenseReversal
2000
CY2023Q2 stho Financing Receivable And Unfunded Commitments Credit Loss Expense Reversal
FinancingReceivableAndUnfundedCommitmentsCreditLossExpenseReversal
100000
CY2023Q4 stho Allowance For Credit Loss
AllowanceForCreditLoss
497000
stho Credit Loss Expense Reversal
CreditLossExpenseReversal
15000
CY2024Q2 stho Allowance For Credit Loss
AllowanceForCreditLoss
512000
CY2022Q4 stho Allowance For Credit Loss
AllowanceForCreditLoss
925000
stho Credit Loss Expense Reversal
CreditLossExpenseReversal
-536000
CY2023Q2 stho Allowance For Credit Loss
AllowanceForCreditLoss
389000
stho Financing Receivable And Unfunded Commitments Credit Loss Expense Reversal
FinancingReceivableAndUnfundedCommitmentsCreditLossExpenseReversal
15000
stho Financing Receivable And Unfunded Commitments Credit Loss Expense Reversal
FinancingReceivableAndUnfundedCommitmentsCreditLossExpenseReversal
1600000
us-gaap Gain Loss On Sale Of Notes Receivable
GainLossOnSaleOfNotesReceivable
-2200000
CY2024Q2 us-gaap Notes Receivable Gross
NotesReceivableGross
17807000
CY2023Q4 us-gaap Notes Receivable Gross
NotesReceivableGross
16816000
CY2024Q2 stho Debt Securities Available For Sale Face Value
DebtSecuritiesAvailableForSaleFaceValue
13170000
CY2024Q2 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
13170000
us-gaap Debt Securities Available For Sale Unrealized Gain Loss
DebtSecuritiesAvailableForSaleUnrealizedGainLoss
216000
CY2024Q2 stho Debt Securities Available For Sale Face Value
DebtSecuritiesAvailableForSaleFaceValue
13170000
CY2024Q2 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
13170000
us-gaap Debt Securities Available For Sale Unrealized Gain Loss
DebtSecuritiesAvailableForSaleUnrealizedGainLoss
216000
CY2023Q4 stho Debt Securities Available For Sale Face Value
DebtSecuritiesAvailableForSaleFaceValue
4220000
CY2023Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
4220000
CY2023 us-gaap Debt Securities Available For Sale Unrealized Gain Loss
DebtSecuritiesAvailableForSaleUnrealizedGainLoss
359000
CY2023Q4 stho Debt Securities Available For Sale Face Value
DebtSecuritiesAvailableForSaleFaceValue
4220000
CY2023Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
4220000
CY2023 us-gaap Debt Securities Available For Sale Unrealized Gain Loss
DebtSecuritiesAvailableForSaleUnrealizedGainLoss
359000
CY2023Q3 stho Number Of Securities Acquired
NumberOfSecuritiesAcquired
2
CY2023Q3 stho Debt Securities Available For Sale Acquired During Period
DebtSecuritiesAvailableForSaleAcquiredDuringPeriod
4200000
CY2024Q1 stho Number Of Securities Acquired
NumberOfSecuritiesAcquired
1
CY2024Q1 stho Debt Securities Available For Sale Acquired During Period
DebtSecuritiesAvailableForSaleAcquiredDuringPeriod
800000
CY2024Q2 stho Number Of Securities Acquired
NumberOfSecuritiesAcquired
3
CY2024Q2 stho Debt Securities Available For Sale Acquired During Period
DebtSecuritiesAvailableForSaleAcquiredDuringPeriod
8200000
CY2024Q2 us-gaap Available For Sale Securities Debt Maturities After Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsAmortizedCost
13170000
CY2024Q2 us-gaap Available For Sale Securities Debt Maturities After Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue
13386000
CY2024Q2 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
13170000
CY2024Q2 stho Availableforsale Securities Debt Securities Fair Value
AvailableforsaleSecuritiesDebtSecuritiesFairValue
13386000
CY2024Q2 us-gaap Equity Method Investments
EquityMethodInvestments
260852000
CY2023Q4 us-gaap Equity Method Investments
EquityMethodInvestments
316451000
CY2023Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
242000
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
30216000
CY2024Q2 us-gaap Other Assets
OtherAssets
9161000
CY2023Q4 us-gaap Other Assets
OtherAssets
8882000
CY2024Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
1154000
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
1380000
CY2024Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
9310000
CY2023Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
10051000
CY2024Q2 us-gaap Other Receivables
OtherReceivables
3196000
CY2023Q4 us-gaap Other Receivables
OtherReceivables
1865000
CY2024Q2 us-gaap Deferred Costs Leasing Net
DeferredCostsLeasingNet
85000
CY2023Q4 us-gaap Deferred Costs Leasing Net
DeferredCostsLeasingNet
101000
CY2024Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
151000
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
180000
CY2024Q2 us-gaap Deferred Costs And Other Assets
DeferredCostsAndOtherAssets
23057000
CY2023Q4 us-gaap Deferred Costs And Other Assets
DeferredCostsAndOtherAssets
22459000
CY2024Q2 us-gaap Deferred Costs Leasing Accumulated Amortization
DeferredCostsLeasingAccumulatedAmortization
200000
CY2023Q4 us-gaap Deferred Costs Leasing Accumulated Amortization
DeferredCostsLeasingAccumulatedAmortization
200000
CY2024Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
200000
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
200000
us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
P2Y7M6D
CY2024Q2 us-gaap Other Liabilities
OtherLiabilities
34455000
CY2023Q4 us-gaap Other Liabilities
OtherLiabilities
35010000
CY2024Q2 stho Accrued Liabilities Other Than Interest
AccruedLiabilitiesOtherThanInterest
11304000
CY2023Q4 stho Accrued Liabilities Other Than Interest
AccruedLiabilitiesOtherThanInterest
5914000
CY2024Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
1317000
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
1538000
CY2024Q2 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
47076000
CY2023Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
42462000
CY2024Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
20700000
CY2024Q2 us-gaap Management Fee Payable
ManagementFeePayable
4800000
CY2024Q2 stho Other Real Estate Payables
OtherRealEstatePayables
6100000
CY2023Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
20100000
CY2023Q4 us-gaap Management Fee Payable
ManagementFeePayable
7200000
CY2023Q4 stho Other Real Estate Payables
OtherRealEstatePayables
4900000
CY2024Q2 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
500000
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
1000000.0
CY2023Q2 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
600000
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
1000000.0
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
243000
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
486000
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
486000
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
162000
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
0
CY2024Q2 stho Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
0
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
1377000
CY2024Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
60000
CY2024Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
1317000
CY2024Q2 us-gaap Lessee Operating Lease Discount Rate
LesseeOperatingLeaseDiscountRate
0.030
CY2024Q2 us-gaap Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
P2Y9M18D
CY2023Q1 stho Percentage Of Common Shares Of Beneficial Interest Distributed At Spinoff
PercentageOfCommonSharesOfBeneficialInterestDistributedAtSpinoff
1
CY2023Q1 stho Pro Rata Distribution Common Shares Issued For Outstanding Shares At Spinoff
ProRataDistributionCommonSharesIssuedForOutstandingSharesAtSpinoff
0.153
stho Number Of Classes Of Common Stock
NumberOfClassesOfCommonStock
1
CY2024Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
13319552
CY2024Q2 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-27952000
CY2023Q2 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-89934000
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-76948000
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-180674000
CY2024Q2 us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
-837000
CY2023Q2 us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
27000
us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
-852000
us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
2000
CY2024Q2 us-gaap Net Income Loss From Continuing Operations Available To Common Shareholders Basic
NetIncomeLossFromContinuingOperationsAvailableToCommonShareholdersBasic
-27115000
CY2023Q2 us-gaap Net Income Loss From Continuing Operations Available To Common Shareholders Basic
NetIncomeLossFromContinuingOperationsAvailableToCommonShareholdersBasic
-89961000
us-gaap Net Income Loss From Continuing Operations Available To Common Shareholders Basic
NetIncomeLossFromContinuingOperationsAvailableToCommonShareholdersBasic
-76096000
us-gaap Net Income Loss From Continuing Operations Available To Common Shareholders Basic
NetIncomeLossFromContinuingOperationsAvailableToCommonShareholdersBasic
-180676000
CY2024Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-27115000
CY2024Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-27115000
CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-89961000
CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-89961000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-76096000
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-76096000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-180676000
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-180676000
CY2024Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
13320000
CY2024Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
13320000
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
13320000
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
13320000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
13320000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
13320000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
13320000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
13320000
CY2024Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-2.04
CY2024Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-2.04
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-6.75
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-6.75
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-5.71
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-5.71
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-13.56
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-13.56
CY2023Q2 stho Pro Rata Distribution Common Shares Issued For Outstanding Shares At Spinoff
ProRataDistributionCommonSharesIssuedForOutstandingSharesAtSpinoff
0.153
CY2024Q2 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q2 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q2 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q2 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false

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0001953366-24-000018.txt Edgar Link pending
0001953366-24-000018-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
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