Filing Analysis
Star Holdings filed an 8-K to announce the release of its earnings for the quarter ended June 30, 2026. The filing serves as a formal notification of results of operations and financial condition.
📋 Key Facts
- Earnings release issued on August 7, 2026, for the quarter ending June 30, 2026.
- The company is classified as an 'emerging growth company'.
- The filing was signed by CFO Brett Asnas.
Star Holdings has announced the relocation of its principal executive offices in New York, NY, effective August 1, 2026.
📋 Key Facts
- Relocation from 1114 Avenue of the Americas, 39th Floor, New York, NY to One Penn Plaza, 51st Floor, New York, NY.
- Effective date of relocation is August 1, 2026.
- Company telephone number remains unchanged at (212) 930-9400.
Star Holdings reported the voting results of its 2026 Annual Meeting of Shareholders held on May 21, 2026. Shareholders elected three trustees to serve until the 2027 annual meeting and ratified the appointment of Deloitte & Touche LLP as the company's independent registered public accounting firm for the fiscal year ending December 31, 2026.
🚩 Red Flags
- Trustee nominee Richard Lieb received a notable level of shareholder opposition, with 1,072,744 withheld votes representing approximately 21.3% of the total votes cast for his election.
📋 Key Facts
- The 2026 Annual Meeting of Shareholders was held virtually on May 21, 2026.
- Three trustees (Clifford De Souza, Richard Lieb, and Nina Matis) were elected to hold office until the 2027 annual meeting.
- Shareholders ratified the appointment of Deloitte & Touche LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2026, with 8,403,220 votes for, 5,711 against, and 4,495 abstentions.
Star Holdings issued its earnings release for the first quarter ended March 31, 2026. The filing serves as a standard disclosure of financial results for the period.
📋 Key Facts
- Earnings release issued on May 8, 2026
- Covers the fiscal quarter ended March 31, 2026
- Information furnished under Item 2.02 (Results of Operations and Financial Condition)
- Report signed by Chief Financial Officer Brett Asnas
Star Holdings deconsolidated a joint venture associated with a multifamily development project following the repayment of a loan on March 27, 2026. The accounting change was triggered by the release of the Company's guarantee to a third-party lender, resulting in a material change to the balance sheet structure.
📋 Key Facts
- Deconsolidation of a joint venture related to a multifamily development project occurred on March 27, 2026.
- The deconsolidation was triggered by the repayment of a loan and the subsequent release of the Company's guarantee to a third-party lender.
- No consideration was transferred as part of the transaction.
- The company provided pro forma financial information in Exhibit 99.1 to reflect the impact of the deconsolidation.
- The filing was made under Item 2.01 (Completion of Acquisition or Disposition of Assets).
Star Holdings has filed an 8-K to announce its earnings release for the fourth quarter and fiscal year ended December 31, 2025. The filing serves as a formal notification of the results of operations and financial condition.
📋 Key Facts
- Earnings release issued on February 17, 2026.
- Covers Q4 and full fiscal year ended December 31, 2025.
- The information is furnished under Item 2.02 and is not considered 'filed' for liability purposes of Section 18.
Star Holdings announced the appointment of Michael Trachtenberg as President, effective December 1, 2025. Mr. Trachtenberg will serve in this capacity for both Star Holdings and its external manager, Safehold Inc.
📋 Key Facts
- Michael Trachtenberg appointed as President effective December 1, 2025.
- The appointment applies to both the Company (Star Holdings) and its external manager (Safehold Inc.).
- Trachtenberg previously served as President of Lubert-Adler from 2024 until February 2025.
- No family relationships or related-party transactions were disclosed regarding this appointment.
Star Holdings issued an earnings release for the fiscal quarter ended September 30, 2025. The filing serves as a formal notification of the results of operations and financial condition.
📋 Key Facts
- Earnings release issued on November 7, 2025, for the quarter ending September 30, 2025.
- The information is furnished under Item 2.02 and is not considered 'filed' for purposes of Section 18 liability.
- Company is an emerging growth company.
Star Holdings issued an earnings release for the fiscal quarter ended June 30, 2025. The filing serves as a formal announcement of the company's quarterly financial results.
📋 Key Facts
- Earnings release issued on August 7, 2025, for the quarter ended June 30, 2025.
- The report was signed by CFO Brett Asnas.
- The filing is furnished under Item 2.02 and does not constitute 'filed' information under Section 18 of the Exchange Act.
Star Holdings announced the appointment of Christopher Uhlick as Chief Accounting Officer, effective July 7, 2025. Mr. Uhlick will succeed Brett Asnas in the role of principal accounting officer, while Mr. Asnas remains the Company's CFO.
📋 Key Facts
- Christopher Uhlick appointed as Chief Accounting Officer (CAO), effective July 7, 2025.
- Mr. Uhlick succeeds Brett Asnas as principal accounting officer; Mr. Asnas will retain his role as CFO and principal financial officer.
- Mr. Uhlick joins from Safehold Inc., where he was an external manager's appointee.
- Mr. Uhlick's professional background includes roles at SL Green Realty Corp, W.P. Carey, Inc., and Ernst & Young.
Star Holdings held its 2025 Annual Meeting of Shareholders on May 21, 2025. The meeting resulted in the election of three trustees and the ratification of Deloitte & Touche LLP as the company's independent auditor.
🚩 Red Flags
- High number of broker non-votes (2,431,404) for all three trustee nominees suggests a potential lack of proxy solicitation or shareholder engagement regarding board composition.
📋 Key Facts
- Annual Meeting held virtually on May 21, 2025.
- Three trustees elected: Clifford De Souza, Richard Lieb, and Nina Matis.
- Proposal to ratify Deloitte & Touche LLP as the independent registered public accounting firm for fiscal year ending Dec 31, 2025 was approved.
- Voting results for trustee elections showed significant broker non-votes (approx. 2.4M shares) across all nominees.
Star Holdings filed an 8-K to announce its earnings release for the fiscal quarter ended March 31, 2025. The filing serves as a formal notification of the results of operations and financial condition.
📋 Key Facts
- Earnings release issued on May 12, 2025, for the quarter ended March 31, 2025.
- The report was signed by Chief Financial Officer Brett Asnas.
- Information is furnished under Item 2.02 and not filed for purposes of Section 18 liability.
Star Holdings has entered into several significant amendments to its debt and management agreements with Safehold Inc. and Morgan Stanley. While the company secured maturity extensions for its term loan and margin loan facilities, it also agreed to increased management fees and higher termination penalties.
🚩 Red Flags
- Increased cost of capital/management: Management fees increased by 50% ($2.5M increase).
- Higher exit costs: Termination fee increased by $5.0 million.
- Margin Loan Risk: The margin loan facility includes 'increases in the applicable margin,' which could lead to higher collateral requirements or margin calls.
📋 Key Facts
- Term Loan: Second Amendment extends maturity date of $115.0 million principal balance to March 31, 2028; allows re-borrowing on a $25 million incremental facility.
- Management Agreement: First Amendment increases annual management fee from $5.0 million to $7.5 million for the period starting April 1, 2026.
- Termination Fee: Increased from $50.0 million to $55.0 million under the Safehold Management Services Inc. agreement.
- Margin Loan Facility: Amendment No. 4 extends maturity of ~$84.2 million facility to March 31, 2028; includes a $15.8 million delayed-draw commitment and increased margins.
- Share Repurchase: Board authorized the repurchase of up to $10.0 million of common shares.
Star Holdings issued an earnings release covering the fourth quarter and full fiscal year ended December 31, 2024. The filing serves as a formal announcement of financial results for the period.
📋 Key Facts
- Earnings release issued on February 18, 2025.
- Covers Q4 and Fiscal Year 2024 (ended Dec 31, 2024).
- Company is an emerging growth company.
Star Holdings issued an earnings release for the fiscal quarter ended September 30, 2024. The filing serves as a formal notification of the results of operations and financial condition.
📋 Key Facts
- Earnings release issued on November 5, 2024.
- Covers the quarterly period ending September 30, 2024.
- The information is furnished under Item 2.02 and is not considered 'filed' for purposes of Section 18 liability.
Star Holdings issued an earnings release for the fiscal quarter ended June 30, 2024. The filing serves as a formal notification of the results of operations and financial condition.
📋 Key Facts
- Earnings release issued on August 6, 2024.
- Reporting period covers the quarter ended June 30, 2024.
- Company is an emerging growth company as defined by Rule 405 of the Securities Act.
Star Holdings held its 2024 Annual Meeting of Shareholders on May 21, 2024. The meeting resulted in the election of three trustees and the ratification of Deloitte & Touche LLP as the company's independent auditor.
🚩 Red Flags
- High number of withheld votes for nominee Richard Lieb suggests potential shareholder dissatisfaction or lack of support for specific board composition.
📋 Key Facts
- Annual Meeting held virtually on May 21, 2024.
- Three trustees elected: Clifford De Souza, Richard Lieb, and Nina Matis.
- Proposal to ratify Deloitte & Touche LLP as the independent registered public accounting firm for FY ending Dec 31, 2024 was approved.
- Voting results for trustee elections showed significant 'Withheld' votes for Richard Lieb (3,515,641) compared to other nominees.
Star Holdings issued an earnings release for the fiscal quarter ended March 31, 2024. The filing is a standard disclosure of results of operations and financial condition.
📋 Key Facts
- Earnings release issued on May 10, 2024.
- Covers the quarterly period ending March 31, 2024.
- The information was furnished but not 'filed' for purposes of Section 18 liabilities.
Star Holdings issued an earnings release covering the quarter and fiscal year ended December 31, 2023. The filing is a standard disclosure of financial results under Item 2.02.
📋 Key Facts
- Earnings release issued for the quarter and fiscal year ended December 31, 2023.
- Filing date: February 27, 2024.
- The information is furnished under Item 2.02 and is not considered 'filed' for purposes of Section 18 liability.
Star Holdings announced the resignation of its President and Chief Investment Officer, Marcos Alvarado, effective January 26, 2024. The departure is reportedly for personal reasons to pursue another opportunity and is not related to any disagreements or financial issues.
🚩 Red Flags
- Loss of key executive leadership (President and CIO) in a micro-cap context can create operational uncertainty, though no immediate cause was cited.
📋 Key Facts
- Marcos Alvarado is resigning from his role as President and Chief Investment Officer.
- The resignation is effective January 26, 2024.
- The departure was communicated by Safehold Inc. (the external manager).
- The company explicitly states the departure is not related to financial or operating results or disagreements regarding policies/practices.