Star Holdings (STHO) - Net Assets
Based on the latest financial reports, Star Holdings (STHO) has net assets worth $265.87 Million USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($570.20 Million) and total liabilities ($304.33 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check financial resilience of Star Holdings to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $265.87 Million |
| % of Total Assets | 46.63% |
| Annual Growth Rate | -35.09% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 15.9 |
Star Holdings - Net Assets Trend (2022–2025)
This chart illustrates how Star Holdings's net assets have evolved over time, based on quarterly financial data. Also explore Star Holdings total assets for the complete picture of this company's asset base.
Annual Net Assets for Star Holdings (2022–2025)
The table below shows the annual net assets of Star Holdings from 2022 to 2025. For live valuation and market cap data, see market cap of Star Holdings.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $265.87 Million | -22.94% |
| 2024-12-31 | $345.00 Million | -20.48% |
| 2023-12-31 | $433.84 Million | -55.38% |
| 2022-12-31 | $972.27 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Star Holdings's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 156.6% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $12.00K | 0.00% |
| Other Comprehensive Income | $-424.00K | -0.17% |
| Other Components | $599.62 Million | 238.17% |
| Total Equity | $251.77 Million | 100.00% |
Star Holdings Competitors by Market Cap
The table below lists competitors of Star Holdings ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Powerwell Holdings Bhd
KLSE:0217
|
$102.03 Million |
|
Rama Steel Tubes Limited
NSE:RAMASTEEL
|
$102.09 Million |
|
Kalaris Therapeutics, Inc.
NASDAQ:KLRS
|
$102.12 Million |
|
Beta Systems Software AG
F:BSS
|
$102.12 Million |
|
Tillys Inc
NYSE:TLYS
|
$101.94 Million |
|
Grupo Ortiz Properties Socimi
MC:YGOP
|
$101.93 Million |
|
Fulin Plastic Industry Cayman Holding Co Ltd
TW:1341
|
$101.90 Million |
|
Cibus Global LLC
NASDAQ:CBUS
|
$101.83 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Star Holdings's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 324,336,000 to 251,766,000, a change of -72,570,000 (-22.4%).
- Net loss of 64,248,999 reduced equity.
- Share repurchases of 7,953,000 reduced equity.
- Other comprehensive income decreased equity by 320,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-64.25 Million | -25.52% |
| Share Repurchases | $7.95 Million | -3.16% |
| Other Comprehensive Income | $-320.00K | -0.13% |
| Other Changes | $-48.00K | -0.02% |
| Total Change | $- | -22.37% |
Book Value vs Market Value Analysis
This analysis compares Star Holdings's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.44x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.12x to 0.44x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2022-12-31 | $72.94 | $8.44 | x |
| 2023-12-31 | $30.90 | $8.44 | x |
| 2024-12-31 | $24.35 | $8.44 | x |
| 2025-12-31 | $19.21 | $8.44 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Star Holdings utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -25.52%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -58.33%
- • Asset Turnover: 0.19x
- • Equity Multiplier: 2.26x
- Recent ROE (-25.52%) is above the historical average (-25.93%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2022 | -3.74% | -37.82% | 0.10x | 1.03x | $-133.50 Million |
| 2023 | -47.71% | -194.08% | 0.15x | 1.63x | $-237.51 Million |
| 2024 | -26.75% | -97.63% | 0.15x | 1.88x | $-119.19 Million |
| 2025 | -25.52% | -58.33% | 0.19x | 2.26x | $-89.43 Million |
Industry Comparison
This section compares Star Holdings's net assets metrics with peer companies in the Real Estate Services industry.
Industry Context
- Industry: Real Estate Services
- Average net assets among peers: $6,962,097,610
- Average return on equity (ROE) among peers: -177.81%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Star Holdings (STHO) | $265.87 Million | -3.74% | 1.14x | $102.03 Million |
| reAlpha Tech Corp. Common Stock (AIRE) | $1.57 Million | -1660.19% | 6.65x | $42.58 Million |
| Avalon GloboCare Corp. (ALBT) | $7.10 Million | -111.27% | 1.95x | $3.37 Million |
| American Realty Investors Inc (ARL) | $816.51 Million | 0.49% | 0.25x | $235.34 Million |
| Altisource Portfolio Solutions SA (ASPS) | $86.35 Million | 30.08% | 0.40x | $76.47 Million |
| Ke Holdings Inc (BEKE) | $66.79 Billion | 4.16% | 0.56x | $18.34 Billion |
| CBRE Group Inc Class A (CBRE) | $784.29 Million | 4.25% | 5.43x | $42.20 Billion |
| Comstock Holding Companies Inc (CHCI) | $6.63 Million | -68.11% | 4.29x | $158.95 Million |
| Compass Inc (COMP) | $-681.60 Million | 0.00% | 0.00x | $5.49 Billion |
| CoStar Group Inc (CSGP) | $359.01 Million | 5.21% | 0.13x | $14.72 Billion |
| Cushman & Wakefield plc (CWK) | $1.45 Billion | 17.26% | 4.45x | $2.99 Billion |
About Star Holdings
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. It also engages in the asset management activities; sale of existing loans; and operation of land and development properties. Star Holdings was incorporated in 2022 and is based in New York, New … Read more