Star Holdings (STHO) Stock

Star Holdings (STHO) is a Real Estate stock trading at $9.71 (as of 2026-08-24), with a market capitalization of $117.25M and a trailing P/E of 8.5. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Star Holdings operates non-ground-lease-related commercial real estate businesses in the United States. Its interests include residential development projects in Asbury Park Waterfront and Magnolia Green, along with commercial real estate properties and loans that are marketed for sale or monetized.

Understand Star Holdings: how it makes money

Star Holdings operates non-ground lease related commercial real estate businesses in the United States, and it makes money by monetizing its commercial real estate and development portfolio, including selling lots and units and marketing land, properties, and loans for sale or monetization.

The profit model depends on asset monetization events, such as selling lots and monetizing land and development assets from specific projects (Magnolia Green and Asbury Park Waterfront), rather than on a broad, recurring product line.

Revenue by segment (latest quarter)
Magnolia Lots$0.0B
Land$0.0B

Business quality (Weak): The dataset is thin, with total revenue reported as 0.0B for 2026-03-31, and only a small set of monetization-related KPIs provided, so operating trend read-through is limited.

Bull case

  • Multiple monetization channels from its real estate portfolio: The company’s activities include monetizing land and development assets and selling lots and units from its residential development projects.
  • Project-specific revenue tied to active development holdings: Its portfolio is primarily focused on the Asbury Park Waterfront and Magnolia Green projects, which can generate monetization through lot sales and unit monetizations.

Bear case

  • Revenue scale appears highly limited in the latest quarter: For 2026-03-31, total revenue is reported as 0.0B, with only small indicated contributions from certain segment candidates.
  • Monetization timing risk: Because the model relies on selling lots and monetizing assets marketed for sale or monetized, results can be impacted by when and whether these monetization events occur.
  • Concentration in specific projects and asset types: The portfolio is primarily concentrated in the Asbury Park Waterfront and Magnolia Green residential development projects, and also includes commercial properties and loans marketed for sale or monetized.
Valuation — source: SEC EDGAR (first-party)
Price$9.71
Market Cap$117.25M
P/E Ratio8.5
Price / Book0.41
Price / Sales1.25
DCF Value (model)$21.99
DCF Upside vs Price126.6%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$110.14M
Net Margin-58.3%
Revenue Growth (YoY)-54.0%
EPS Growth (YoY)-216.3%
Valuation vs Sector & Industry
Stock P/E8.5
Sector P/E (Real Estate)27.3
Industry P/E (Real Estate)29.6
vs Sector-69.0%
vs Industry-71.4%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderTORONTO DOMINION BANK ($8.94M)
Institutional Holders Tracked10
Company
SectorReal Estate
IndustryReal Estate
CEOJay S. Sugarman
CountryUS
IPO Date2023-03-28

Related Companies (Real Estate; 8 comparable real estate companies)

  • Gladstone Commercial Corporation (GOOD)
  • Five Point Holdings, LLC (FPH)
  • Boston Omaha Corporation (BOC)
  • Angel Oak Mortgage, Inc. (AOMR)
  • Curbline Properties Corp. (CURB)
  • Claros Mortgage Trust, Inc. (CMTG)
  • Comstock Holding Companies, Inc. (CHCI)
  • Getty Realty Corp. (GTY)
STHO earnings history · STHO institutional & insider holders · STHO KPIs & operating metrics · STHO financials · STHO investor presentations & press releases · STHO SEC filings · STHO peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-24.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.