Star Hldgs Q1 EPS $(3.68), Company Recorded $16.6M Of Land Revenues, Which Was Primarily Comprised Of A Land Parcel At Asbury Park And 52 Lots At Magnolia Green
Portfolio Pulse from Benzinga Newsdesk
Star Hldgs reported a Q1 EPS of $(3.68), with revenues of $16.6M primarily from land sales, including a parcel at Asbury Park and 52 lots at Magnolia Green.
May 10, 2024 | 11:29 am
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Star Hldgs reported a significant quarterly loss of $(3.68) per share, but highlighted $16.6M in land revenues from specific projects.
The reported loss per share is significant and likely to concern investors, potentially leading to a short-term negative impact on the stock price. However, the revenue from land sales indicates some operational positives that might mitigate the negative perception to an extent.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100