Added to YB: 2026-02-06
Pitch date: 2026-02-05
STHO [bullish]
Star Holdings
+3.97%
current return
Author Info
Company Info
Star Holdings engages in the non-ground lease real estate assets business in the United States. Its portfolio comprises Asbury Park Waterfront and Magnolia Green residential development projects.
Market Cap
$103.4M
Pitch Price
$8.06
Price Target
N/A
Dividend
N/A
EV/EBITDA
21.32
P/E
-0.73
EV/Sales
2.90
Sector
Real Estate Management and Development
Category
special_situation
Star Holdings: Sea Hear Meow
STHO (added to position): -39% since Oct on Safehold stake drop & slow development progress. Asbury Park advancing w/ Hovnanian acquiring Views North Shore $12.7M, Delta presales at $1.1M+. New zoning apps increase upside potential. Magnolia Green lots nearly sold, Active Adult 900-unit approval, 14-acre commercial under contract. Carrying AP at $131M, MG at $28M below FMV. 2030 liquidation realistic vs 2027 goal.
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