| Cash Flow | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Net income (loss) | -47,492 | -47,767 |
| Provision for (recovery of) loan losses | -105 | -112 |
| Depreciation and amortization | 3,022 | 1,929 |
| Amortization of discounts/premiums and deferred interest on loans, net | -796 | -526 |
| Amortization of premium, discount and deferred financing costs and paid-in-kind interest on debt obligations, net | -6,048 | -3,971 |
| Deferred operating lease income | -172 | -105 |
| Unrealized (gains) losses on equity investments | -40,433 | -39,486 |
| Loss on early extinguishment of debt | -70 | -70 |
| Land development revenue (in excess of) cost of sales | 5,927 | 6,456 |
| Other operating activities, net | 212 | 207 |
| Changes in accrued interest and operating lease income receivable | 259 | 383 |
| Changes in deferred expenses and other assets, net | -943 | -418 |
| Changes in accounts payable, accrued expenses and other liabilities | 21 | 92 |
| Cash flows used in operating activities | -3,658 | -8,966 |
| Originations and fundings of loans receivable and other lending investments, net | 6,120 | - |
| Capital expenditures on real estate assets | 833 | 477 |
| Capital expenditures on land and development assets, net | 48,017 | 37,790 |
| Repayments of and principal collections on loans receivable and other lending investments, net | 3,495 | 3,495 |
| Net proceeds from sales of land and development assets | 33,625 | 31,875 |
| Other investing activities, net | 464 | 1,506 |
| Cash flows provided by (used in) investing activities | -18,314 | -4,403 |
| Borrowings from debt obligations | 41,055 | 29,255 |
| Repayments of debt obligations | 5,000 | 5,000 |
| Payment of deferred financing costs | 216 | 216 |
| Payments of debt prepayment or extinguishment costs | 35 | 35 |
| Repurchase of common stock | 3,470 | 189 |
| Other financing activities, net | -132 | -105 |
| Cash flows provided by financing activities | 32,202 | 23,710 |
| Changes in cash, cash equivalents and restricted cash | 10,230 | 10,341 |
| Cash and cash equivalents at beginning of period | 45,546 | - |
| Cash and cash equivalents at end of period | 55,776 | - |
Star Holdings (STHO)
Star Holdings (STHO)