Professional
Added to YB: 2025-07-30
Pitch date: 2025-07-28
STHO [bullish]
Star Holdings
+10.99%
current return
Author Info
Special Situation Investments focuses on event-driven trades and low risk arbitrage opportunities with short term catalysts. Sign up for the newsletter.
Company Info
Star Holdings engages in the non-ground lease real estate assets business in the United States. Its portfolio comprises Asbury Park Waterfront and Magnolia Green residential development projects.
Market Cap
$103.4M
Pitch Price
$7.55
Price Target
15.10 (+80%)
Dividend
N/A
EV/EBITDA
21.32
P/E
-0.73
EV/Sales
2.90
Sector
Real Estate Management and Development
Category
special_situation
Star Holdings: The Clock Is Ticking on a Deep Discount
STHO: Liquidation play trading at $7.75 vs. $15.10 target in 3-yr scenario ($9.60 in 5-yr which provides downside protection). Owns land and $216M SAFE shares. Hotel ops cause cash burn. Mgmt fees decrease over time, incentivizing completion by Q1 2027. Recent sales above book value. 23% owned by hedge funds. R/R favorable despite delayed timeline.
Read full article (2 min)