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Table of Contents ( Mark One ) ☑ ☐ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington , D.C. 20549 FORM 10 - Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 ( d ) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30 , 2026 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 ( d ) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from Commission File No. 001-41572 Star Holdings to ( Exact name of registrant as specified in its charter ) Maryland 37-6762818 ( I.R.S. Employer Identification Number ) ( State or other jurisdiction of incorporation or organization ) One Penn Plaza , 51st Floor New York , NY ( Address of principal executive offices ) Registrant's telephone number , including area code : ( 212 ) 930-9400 1114 Avenue of the Americas , 39th Floor , New York , NY 10036 ( Former name , former address and former fiscal year , if changed since last report ) Securities registered pursuant to Section 12 ( b ) of the Act : Title of each class Common Shares of Beneficial Interest , $ 0.001 par value Trading Symbol ( s ) STHO 10119 ( Zip code ) Name of each exchange on which registered Nasdaq Global Market Indicate by check mark whether the registrant : ( 1 ) has filed all reports required to be filed by Section 13 or 15 ( d ) of the Securities Exchange Act of 1934 during the preceding twelve months ( or for such shorter period that the registrant was required to file such reports ) ; and ( 2 ) has been subject to such filing requirements for the past 90 days . Yes > No ☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S - T ( $ 232.405 of this chapter ) during the preceding 12 months ( or for such shorter period that the registrant was required to submit such files ) . Yes No ☐ Indicate by check mark whether the registrant is a large accelerated filer , an accelerated filer , a non - accelerated filer , a smaller reporting company , or an emerging growth company . See definitions of " large accelerated filer , " " accelerated filer , " " smaller reporting company , " and " emerging growth company ” in Rule 12b - 2 of the Exchange Act . Large Accelerated Filer ☐ Accelerated Filer Non accelerated Filer ☐ Smaller Reporting Company ☑ 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 . ☑ Indicate by check mark whether the registrant is a shell company ( as defined in Rule 12b - 2 of the Act ) . Yes ☐ No ☑ As of August 5 , 2026 , there were 12,081,333 shares , $ 0.001 par value per share , of Star Holdings common stock outstanding .