STHO: the balance sheet

MyFinsight

Balance Sheets Overview

Debt to Asset Ratio
50.01%
Unit: Thousand (K) dollars
Assets Breakdown
Other investments
Land and development, net
Real estate, at cost
Others
Liabilities Breakdown
Additional paid-in capital
Accumulated deficit
Noncontrolling interests
Others

Balance Sheets	2026-03-31	2025-12-31	2025-09-30	2025-06-30
Real estate, at cost	98,981	179,062	98,951	98,921
Less accumulated depreciation	28,784	29,713	27,399	26,684
Real estate, net	70,197	149,349	71,552	72,237
Land and development, net	100,530	112,836	192,784	191,389
Gross carrying value of loans-Loans Receivable	NaN	19,387	34,118	NaN
Other Lending Investments	NaN	25,286	21,174	NaN
Other lending investments	NaN	NaN	21,174	NaN
Other lending investments-Other Aggregated Investments	NaN	25,286	NaN	NaN
Total gross carrying value of loans receivable and other lending investments	NaN	44,673	55,292	NaN
Allowance for loan losses	NaN	578	1,013	NaN
Loans receivable and other lending investments, net (497 and 578 of allowances as of march 31, 2026 and december 31, 2025, respectively)	54,353	44,095	54,279	47,082
Other investments	182,961	185,125	209,466	210,412
Cash and cash equivalents	NaN	50,078	40,592	44,201
Cash	46,378	NaN	NaN	NaN
Accrued interest and operating lease income receivable, net	1,099	1,508	1,197	1,314
Deferred operating lease income receivable, net	361	432	498	565
Deferred expenses and other assets, net	24,476	26,774	25,496	22,720
Total assets	480,355	570,197	595,864	589,920

Other liabilities	NaN	NaN	32,615	NaN
Accrued expenses	NaN	NaN	9,560	NaN
Operating lease liabilities	NaN	NaN	750	NaN
Accounts payable, accrued expenses and other liabilities	33,201	35,610	42,925	48,575
Debt obligations, net	207,001	268,721	259,273	245,396
Total liabilities	240,202	304,331	302,198	293,971
Common stock, 0.001 par value, 200,000 shares authorized, 12,081 and 12,318 shares issued and outstanding as of march 31, 2026 and december 31, 2025, respectively	12	12	13	13
Additional paid-in capital	597,625	599,623	604,104	607,434
Accumulated deficit	-357,702	-347,445	-328,309	-330,108
Accumulated other comprehensive income (loss)	-1,046	-424	-381	-1,195
Star holdings shareholders' equity	238,889	251,766	275,427	276,144
Noncontrolling interests	1,264	14,100	18,239	19,805
Total equity	240,153	265,866	293,666	295,949
Total liabilities and equity	480,355	570,197	595,864	589,920

Unit: Thousand (K) dollars (except for numbers of shares and EPS). Numbers labeled with * are estimated quarterly values.

MyFinsight

Balance Sheets Overview

Debt to Asset Ratio
50.01%
Unit: Thousand (K) dollars
Assets Breakdown
Other investments
Land and development, net
Real estate, at cost
Others
Liabilities Breakdown
Additional paid-in capital
Accumulated deficit
Noncontrolling interests
Others

Time Plot

Show the time plot by selecting a row from the table.

Balance Sheets

Balance Sheets Overview

Debt to Asset Ratio
50.01%
Unit: Thousand (K) dollars
Assets Breakdown
Other investments
Land and development, net
Real estate, at cost
Others
Liabilities Breakdown
Additional paid-in capital
Accumulated deficit
Noncontrolling interests
Others

Time Plot

Show the time plot by selecting a row from the table.

Balance Sheets

Balance Sheets Overview

Debt to Asset Ratio50.01%Unit: Thousand (K) dollarsAssets BreakdownOther investmentsLand and development, netReal estate, at costOthersLiabilities BreakdownAdditional paid-in capitalAccumulated deficitNoncontrolling interestsOthers

Time Plot

Show the time plot by selecting a row from the table.

Balance Sheets

Balance Sheets Overview

Debt to Asset Ratio50.01%Unit: Thousand (K) dollarsAssets BreakdownOther investmentsLand and development, netReal estate, at costOthersLiabilities BreakdownAdditional paid-in capitalAccumulated deficitNoncontrolling interestsOthers

Time Plot

Show the time plot by selecting a row from the table.

Balance Sheets

Debt to Asset Ratio
50.01%
Unit: Thousand (K) dollars
Assets Breakdown
Other investments
Land and development, net
Real estate, at cost
Others
Liabilities Breakdown
Additional paid-in capital
Accumulated deficit
Noncontrolling interests
Others

Debt to Asset Ratio
50.01%
Unit: Thousand (K) dollars
Assets Breakdown
Other investments
Land and development, net
Real estate, at cost
Others
Liabilities Breakdown
Additional paid-in capital
Accumulated deficit
Noncontrolling interests
Others