Company Analysis

Star Holdings (STHO)

Nasdaq: STHO · Lessors of Real Property, NEC · New York, NY · filing with the SEC since 2022
Grade5.0
◀ Past 5.9● Present 4.0▶ Future 5.8
2 est.

The grade of Star Holdings

Nine metrics read from its own filings, by tense
Headline grade
5.0/10
◀ Past5.925% of the headline
● Present4.045% of the headline
▶ Future5.830% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 7 read as filed from the record and 2 are SI estimates, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

5.9/1025% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed
8.3/10

Has it survived what it has been through?

No warning events in its filings since 2022.

weight 45% of this tense · 83rd percentile among 15 sector filers · read for itself

From the record

Star Holdings' filings since 2022 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
1.1/10

What has it actually done, year after year?

-20.2% a year over 5 filed years; profitable in 1 of 5.

weight 33% of this tense · 11th percentile among 14 sector filers · read for its customers

From the record

Star Holdings' 5 filed years say what it did: revenue went from $272 million in fiscal 2021 to $110 million in fiscal 2025, down 20.2% a year; it rose in 0 of 4 years; the deepest fall was 60% from fiscal 2021 to fiscal 2025; net income was positive in 1 of 5 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span-20.2%bottom 4% of its family
  • the share of years revenue rosebottom 4% of its family
  • the share of filed years with a profitbottom 4% of its family
  • the deepest fall from a revenue peak59.5%bottom 32% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate
8.2/10

How has it treated the people who own it?

SI estimate 8.2/10, confidence 35 of 100 (one part).

weight 22% of this tense · 82nd percentile among 14 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, the share count over the years, which ranks in the top 18% of 14 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
What the record cannot read
Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned
one part: the share count over the years, the one part on file, ranked among 14 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Star Holdings's shareholder treatment is put at 8.2 of 10 with a confidence of 35 of 100, because read from one part only, the share count over the years, which ranks in the top 18% of 14 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.

● Present

What are they doing right now?

4.0/1045% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed
4.9/10

Is it financially healthy right now?

ROE -24%: lost 24¢ per shareholder dollar. Leverage 53%: owes 53¢ per asset dollar.

weight 45% of this tense · 49th percentile among 14 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Star Holdings lost about 24 cents for every dollar of shareholders' money. Leverage: it owed about 53 cents per dollar of assets, and net share issuance: its share count shrank 1.6% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetsbottom 39% of its family
  • return on equitybottom 12% of its family
  • the share count against the year beforetop 4% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
2.8/10

How strong is its position in its industry?

bottom 28% of 15 in its family; net margin -58.3%.

weight 33% of this tense · 28th percentile among 15 sector filers · read for its customers

From the record

Star Holdings' standing among 15 graded names in its industry family: revenue of $110 million in fiscal 2025 ranks in the top 50% by size; a net margin of -58.3% ranks in the bottom 17%; revenue growth of -3.9% a year over the last 3 filed years ranks in the bottom 18% (its annual reports).

What it rests on

  • revenue against the family$110Mtop 50% of its family
  • net margin-58.3%bottom 17% of its family
  • three-year revenue growth-3.9%bottom 18% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate
3.8/10

What are the people in charge doing?

SI estimate 3.8/10, confidence 20 of 100 (family median).

weight 22% of this tense · 50th percentile among 8 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Fewer than two of the three parts can be read: officer and director changes against the people in charge, the years the people in charge have been filing, the chief executive's years under the title, so the desk assumes the typical reading of its industry family, the median of 8 members with one.
What the record cannot read
Fewer than two of the three parts can be read: officer and director changes against the people in charge, the years the people in charge have been filing, the chief executive's years under the title.
How it was reasoned
family median, 8 readings behind it.
Confidence
20 of 100
What would change it
Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Star Holdings's leadership is put at 3.8 of 10 with a confidence of 20 of 100, because fewer than two of the three parts can be read: officer and director changes against the people in charge, the years the people in charge have been filing, the chief executive's years under the title, so the desk assumes the typical reading of its industry family, the median of 8 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

5.8/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
2.4/10

How much room does it have to grow?

bottom 24% of 14 in its family for room to expand.

weight 22% of this tense · 24th percentile among 14 sector filers · read for itself

From the record

Star Holdings' room to grow, from the newest filed statements (fiscal 2025): cash of $67 million against debt of $269 million leaves -35.3% of its assets as net cash, bottom 23% of its family; cash from operations less capital spending is -10.6% of revenue (bottom 25%) (its annual report).

What it rests on

  • cash less debt against assets-35.3%bottom 23% of its family
  • cash from operations less capital spending against revenue-10.6%bottom 25% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
5.4/10

What could actually drive growth from here?

top 46% of 14 in its family for growth drivers.

weight 33% of this tense · 54th percentile among 14 sector filers · read for its customers

From the record

Star Holdings' growth drivers, from the filed years to fiscal 2025: revenue grew -3.9% a year over the last three filed years against -20.2% over all 5, speeding up (top 18% of its family); the newest year grew -2.8% (bottom 25%) (its annual reports). Star Holdings reported 4 product lines in fiscal 2025: Other Income Revenue at $52 million (47%), Land Development at $46 million (42%), Operating Lease Income at $7 million (7%), and 1 more; 3 of 4 grew against the year before (its annual report).

What it rests on

  • three-year growth against the whole span+16.3 points a yeartop 18% of its family
  • the newest year's revenue growth-2.8%bottom 25% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
7.7/10

Did its newest year beat what its own record pointed to?

top 23% of 14 in its family for expectations against reality.

weight 45% of this tense · 77th percentile among 14 sector filers · read for its shareholders

From the record

Star Holdings' newest year against its own record: revenue of $110 million in fiscal 2025 came in 1.7% above the $108 million its prior three years' pace pointed to (top 32% of its family); net income of $64 million against a prior three-year average of $106 million (top 32%); a net margin of -58.3% against -88.5% before (top 4%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace1.7%top 32% of its family
  • net income against the prior three years' average+40%top 32% of its family
  • net margin against its prior average+30.1 pointstop 4% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton STHO · research, not advice