Professional
Added to YB: 2025-02-20
Pitch date: 2025-02-03
STHO [bullish]
Star Holdings
-7.57%
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
$8.72
Price Target
28.00 (+247%)
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: Liquidation play with $28 NAV vs $9 price. 33% IRR over 4 years. Assets: 13.5M SAFE shares ($10/sh) + $180M RE ($14/sh). Asbury Park hotels & land undervalued. Est. add'l $50M RE value ($18/sh). SAFE upside if rates fall. Risks: illiquidity, timeline uncertainty.
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