We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.
| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Safehold Inc | NYSE:SAFE | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 19.29 | 0 | 09:00:00 |
From Jul 2022 to Jul 2024
NEW YORK, May 11, 2023 /PRNewswire/ -- Star Holdings (NASDAQ: STHO) announced today that it has filed its Quarterly Report on Form 10-Q for the quarter ended March 31, 2023 with the Securities and Exchange Commission. The Company's spin-off from iStar Inc. (now known as Safehold Inc.) occurred on the last day of the quarter; therefore, the Company's financial results for the quarter are not necessarily indicative of the Company's future results as a stand-alone company following the spin-off.
Net income (loss) attributable to common shareholders for the first quarter was ($90.7 million) and earnings (loss) per share was ($6.81). These results reflect a non-cash adjustment of ($90.7 million) which reduced earnings per share by ($6.81) with respect to our investment in approximately 13.5 million shares of SAFE, which no longer qualifies for equity method accounting and instead is based on mark-to-market accounting.
Further details regarding the Company's results of operations, assets and activities are available in the Company's Form 10-Q for the quarter ended March 31, 2023 which is available for download at the Company's website www.starholdingsco.com or at the Securities and Exchange Commission website www.sec.gov.
* * *
Star Holdings (NASDAQ: STHO) portfolio is comprised primarily of interests in the Asbury Park Waterfront, the Magnolia Green residential development projects and other commercial real estate properties and loans that are for sale or otherwise plan to be monetized. Star Holdings also owns shares of Safehold Inc. (NYSE: SAFE). Star Holdings expects to focus on realizing value for shareholders from its portfolio primarily by maximizing cash flows through active asset management and asset sales. Additional information on Star Holdings is available on its website at www.starholdingsco.com.
Company Contact:
Pearse Hoffmann
Senior Vice President
Capital Markets & Investor Relations
T 212.930.9400
E investors@starholdingsco.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/star-holdings-reports-first-quarter-2023-results-301822830.html
SOURCE Star Holdings
Copyright 2023 PR Newswire
1 Year Safehold Chart |
1 Month Safehold Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
