Professional
Added to YB: 2026-03-20
Pitch date: 2026-02-19
STHO [neutral]
Star Holdings
-3.45%
current return
Author Info
No bio for this author
Company Info
Star Holdings engages in the non-ground lease real estate assets business in the United States. The company portfolio comprises Asbury Park Waterfront and Magnolia Green residential development projects.
Market Cap
$99.1M
Pitch Price
$8.40
Price Target
30.00 (+270%)
Dividend
N/A
EV/EBITDA
12.68
P/E
-1.67
EV/Sales
2.81
Sector
Real Estate Management and Development
Category
special_situation
McIntyre Partnerships Portfolio Holding: Star Holdings
STHO (holding update): Liquidating security w/ 13.3M SAFE shares + Asbury Park/Richmond real estate. Sold ~$170M assets vs $120M book since 2023 spin. Net debt ~$21M vs >$50M expected 2026 cash flow from loan repayments/sales. SAFE stake worth ~$120M net of margin loan = ~$10/sh distribution potential vs $8 price. Mgmt bought back 9% shares in 2025. Target $20-$30/sh on capital return catalyst.
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