# EDGAR Filing Document

**Accession Number:** 0001953366
**File Stem:** 0001953366-26-000004
**Filing Date:** 2026-2
**Character Count:** 7361
**Document Hash:** 2583cc91f7b2b7ffd52923b8c9b43e06
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001953366-26-000004.hdr.sgml**: 20260217

**ACCESSION NUMBER**: 0001953366-26-000004

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 13

**CONFORMED PERIOD OF REPORT**: 20260217

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20260217

**DATE AS OF CHANGE**: 20260217

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Star Holdings
- **CENTRAL INDEX KEY:** 0001953366
- **STANDARD INDUSTRIAL CLASSIFICATION:** LESSORS OF REAL PROPERTY, NEC [6519]
- **ORGANIZATION NAME:** 05 Real Estate & Construction
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-41572
- **FILM NUMBER:** 26642033

**BUSINESS ADDRESS:**
- **STREET 1:** 1114 AVENUE OF THE AMERICAS
- **STREET 2:** 39TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036
- **BUSINESS PHONE:** 212 930-9400

**MAIL ADDRESS:**
- **STREET 1:** 1114 AVENUE OF THE AMERICAS
- **STREET 2:** 39TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036

?xml version='1.0' encoding='ASCII'? Star Holdings_February 17, 2026

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**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 8-K**

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934**

Date of Report (Date of earliest event reported): February 17, 2026

**Star Holdings**

(Exact name of registrant as specified in its charter)

---

| | | |
|:---|:---|:---|
| **Maryland** | **001-41572** | **37-6762818** |
| (State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) |

---

**1114 Avenue of the Americas, 39th Floor**

**New York, New York 10036**

(Address of principal executive offices, including zip code)

Registrant's telephone number, including area code: **(212) 930-9400**

**N/A**

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| Title of each class<br>| Trading Symbol(s)<br>| Name of each exchange on which registered<br>|
| Common shares of beneficial interest, $0.001 par value<br>| STHO<br>| Nasdaq Global Market<br>|

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☒

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#### Item 2.02 Results of Operations and Financial Condition.
On February 17, 2026, Star Holdings issued an earnings release for the fourth quarter and fiscal year ended December 31, 2025. A copy of the earnings release is attached as Exhibit 99.1 hereto and incorporated herein by reference.

The information in this Current Report, including the exhibit hereto, is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section. The information in this Current Report shall not be incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended, unless it is specifically incorporated by reference therein.

#### Item 9.01 Financial Statements and Exhibits.
Exhibit 99.1[Earnings Release](stho-20260217xex99d1.htm).

Exhibit 104Inline XBRL for the cover page of this Current Report on Form 8-K.

#### SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this Report to be signed on its behalf by the undersigned, thereunto duly authorized.

---

| | | | |
|:---|:---|:---|:---|
|  |  |  | Star Holdings |
| Date: | February 17, 2026 | By: | /s/ BRETT ASNAS |
|  |  |  | Brett Asnas |
|  |  |  | *Chief Financial Officer* |
|  |  |  | *(principal financial officer)* |

---

## Exhibit 99.1

![Graphic](stho-20260217xex99d1002.jpg)

**Exhibit 99.1**

Press Release

## Star Holdings Reports Fourth Quarter and Fiscal Year 2025 Results

#### NEW YORK, February 17, 2026
Star Holdings (NASDAQ: STHO) announced today that it has filed its Annual Report on Form 10-K for the year ended December 31, 2025 with the Securities and Exchange Commission.

Net income (loss) attributable to common shareholders was ($19.1) million for the fourth quarter, and ($64.2) million for the year. Earnings (loss) per share was ($1.51) for the fourth quarter, and ($4.90) for the year. These results reflect a non-cash market-to-market adjustment with respect to our investment in approximately 13.5 million shares of SAFE of ($24.3) million, which decreased earnings per share by ($1.93), for the quarter, and ($64.8) million, which decreased earnings per share by ($4.94), for the year.

During the fourth quarter, the Company sold a land parcel in Asbury Park for $12.7 million resulting in a profit of $11.8 million, received the full repayment of a $15.0 million loan on a California property, and repurchased approximately 0.6 million shares of its outstanding common stock for $4.5 million at an average share price of $7.74.

Further details regarding the Company's results of operations, assets and activities are available in the Company's Form 10-K for the year ended December 31, 2025 which is available for download at the Company's website www.starholdingsco.com or at the Securities and Exchange Commission website www.sec.gov.

● ●●

Star Holdings' (NASDAQ: STHO) portfolio is comprised primarily of interests in the Asbury Park Waterfront, the Magnolia Green residential development projects and other commercial real estate properties and loans that are for sale or otherwise plan to be monetized. Star Holdings also owns shares of Safehold Inc. (NYSE: SAFE). Star Holdings expects to focus on realizing value for shareholders from its portfolio primarily by maximizing cash flows through active asset management and asset sales. Additional information on Star Holdings is available on its website at www.starholdingsco.com.

Company Contact:

**Pearse Hoffmann**

**Senior Vice President**

**Head of Corporate Finance**

**T 212.930.9400**

**E** investors@starholdingsco.com

1114 Avenue of the Americas

New York, NY 10036<br>T 212.930.9400

E investors@starholdingsco.com

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