Star Holdings (STHO)
NASDAQ · Real Estate · Lessors of Real Property, NEC
- Price
- $8.99
- Day
- -0.66%
- Market cap
- $108.61M
- P/E
- 27.2
Close 2026-09-23.
The company
Company Background Star Holdings was formed to succeed to the legacy non-ground lease real estate assets of iStar Inc. (“iStar”). On March 31, 2023, iStar completed its transition to a ground lease focused business through the merger of iStar and Safehold Inc., a ground lease company previously founded by iStar (the “Merger”). iStar continued as the surviving corporation in the Merger and changed its name to “Safehold Inc.” (“Safe”). Immediately prior to the closing of the Merger, iStar completed a series of reorganization and separation transactions (collectively, the “Spin-Off”) in accordance with the terms of a Separation and Distribution Agreement (the “Separation and Distribution Agreement”), dated as of March 31, 2023, by and between iStar and us. General Our properties are subject to various covenants, laws, ordinances and regulations, including regulations relating to common areas and fire and safety requirements. We believe that each of the properties in our portfolio have the necessary permits and approvals to operate its business. For more information, see “Risk Factors — Risks Related to Our Properties and Business.” Investment Company Act We intend to operate our business and manage our assets so that we will not be regulated as an investment company under the Investment Company Act of 1940, as amended. For more information, see “Risk Factors – The Loss of our Investment Company Act exemption would materially adversely affect us.”
From Item 1: Company Background · General · Investment Company Act.
By product & service
- Other Income Revenue — 47%
- Land Development — 42%
- Operating Lease Income — 7%
- Interest Income Revenue — 4%
Institutional holders
Largest positions reported on Form 13F for the quarter ended 2026-06-30, by value.
- TORONTO DOMINION BANK — $10.65M
- HIGHBRIDGE CAPITAL MANAGEMENT LLC — $10.21M
- FOURSIXTHREE CAPITAL LP — $8.07M
- Saba Capital Management, L.P. — $6.91M
- TCW GROUP INC — $6.24M
- VANGUARD CAPITAL MANAGEMENT LLC — $4.9M
- Peapod Lane Capital LLC — $3.77M
- Rangeley Capital, LLC — $2.96M
Recent filings
- 8-K — 2026-08-07
- 10-Q — 2026-08-07
- 8-K — 2026-08-03
- 8-K — 2026-05-22
- SCHEDULE 13G/A — 2026-05-14
- 8-K — 2026-05-08
- 10-Q — 2026-05-08
- SCHEDULE 13G — 2026-04-30
- DEFA14A — 2026-04-07
- DEF 14A — 2026-04-07