Core Insights - Stratus Properties Inc. (STRS) shares increased by 10.2% following the earnings report for Q2 2025, contrasting with a 1.2% rise in the S&P 500 index during the same period [1] - Despite the initial positive reaction, the stock has decreased by 3.6% over the past month, underperforming the S&P 500's 2.5% growth [1] Financial Performance - The company reported a net income per share of 3 cents for Q2 2025, a turnaround from a net loss of 21 cents per share in the same quarter last year [2] - Revenues increased to $11.6 million, marking a 36.7% rise from $8.5 million in Q2 2024, primarily due to the sale of two Amarra Villas homes compared to one in the prior year [2] - Net income attributable to common stockholders was $0.3 million, reversing a net loss of $1.7 million from the previous year [2] Key Business Metrics - EBITDA improved significantly, with a loss of only $0.2 million compared to a loss of $1.3 million a year earlier [3] - Leasing operations generated an operating profit of $6.3 million, up from $1.8 million last year, aided by a $5 million pre-tax gain from the sale of the West Killeen Market retail project [3] - Real estate operations faced a loss of $3.5 million, partly due to a $1 million write-off of receivables related to previously sold properties [3] Capital Expenditures and Cash Position - Capital expenditures and development spending totaled $9.8 million, mainly for the Holden Hills Phase 1 and The Saint George multi-family project [4] - As of June 2025, the company had $59.4 million in cash and cash equivalents, a significant increase from $20.2 million at the end of 2024, with no borrowings on its revolving credit facility [4] Management Commentary - Chairman and CEO William H. Armstrong III noted that the company achieved "significant milestones" in H1 2025, including the completion of The Saint George and the last two Amarra Villas homes [5] - The CEO highlighted a $47.8 million cash distribution from the Holden Hills Phase 2 joint venture and the sale of West Killeen Market, which enhanced liquidity [5] - The strengthened cash position allows for flexibility in share repurchases, debt reduction, or reinvestment in development [5] Factors Influencing Results - Revenue growth was primarily transaction-driven, particularly from higher-value Amarra Villas home sales and the disposal of West Killeen Market [6] - Lower aggregate sales in the first half compared to last year's significant land and home transactions negatively impacted year-to-date results [6] - Increased real estate operating expenses and a receivables write-off affected margins, although leasing operations helped mitigate some of these challenges [6] Other Developments - Stratus entered a joint venture for the development of Holden Hills Phase 2, a 570-acre mixed-use project, which returned $47.8 million in cash to the company [7] - The board approved an expansion of the share repurchase program from $5 million to $25 million, with $22 million remaining available as of August 8, 2025 [7]

United States SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark one) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-37716 Stratus Properties Inc. (Exact name of registrant as specified in its charter) Delaware 72-1211572 incorporation or organi ...

Stratus Properties Inc. Financial and Media Contact: 212 Lavaca St., Suite 300 William H. Armstrong III Austin, Texas 78701 (512) 478-5788 NEWS RELEASE NASDAQ Symbol: "STRS" STRATUS PROPERTIES INC. REPORTS SECOND-QUARTER AND SIX-MONTH 2025 RESULTS AUSTIN, TX, August 12, 2025 - Stratus Properties Inc. (NASDAQ: STRS), a residential and retail focused real estate company with operations in the Austin, Texas area and other select markets in Texas, today reported second-quarter and six-month 2025 results. Highli ...

Zacks Investment Research has recently initiated the coverage of Stratus Properties Inc. (STRS) with a Neutral recommendation, citing a mix of promising development potential and mounting operational headwinds. The full research report offers detailed insights into the real estate developer’s growth strategy, risk profile, and valuation metrics.Stratus, a Texas-based real estate development and leasing company, is well-positioned to unlock value through disciplined capital recycling and a deep land bank in ...

Investor Presentation March 28, 2025 CAUTIONARY STATEMENT This presentation contains forward-looking statements in which Stratus discusses factors it believes may affect its future performance. Forward-looking statements are all statements other than statements of historical fact, such as plans, projections or expectations related to inflation, interest rates, tariffs, supply chain constraints, Stratus' ability to pay or refinance its debt obligations as they become due, availability of bank credit, Stratus ...

United States SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark one) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-37716 Stratus Properties Inc. (Exact name of registrant as specified in its charter) Delaware 72-1211572 (State or other jurisd ...

Stratus Properties Inc. Financial and Media Contact: 212 Lavaca St., Suite 300 William H. Armstrong III Austin, Texas 78701 (512) 478-5788 NEWS RELEASE NASDAQ Symbol: "STRS" STRATUS PROPERTIES INC. REPORTS FIRST-QUARTER 2025 RESULTS AUSTIN, TX, May 15, 2025 - Stratus Properties Inc. (NASDAQ: STRS), a residential and retail focused real estate company with operations in the Austin, Texas area and other select markets in Texas, today reported first-quarter 2025 results. Highlights and Recent Developments: i — ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark one) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-37716 Stratus Properties Inc. (Exact name of registrant as specified in its charter) Delaware 72-1211572 (State or other jurisdictio ...

Financial Performance - Net income attributable to common stockholders for the year ended December 31, 2024, was $2.0 million, or $0.24 per diluted share, compared to a net loss of $14.8 million, or $1.85 per diluted share, in 2023[4] - Total revenues for 2024 were $54.2 million, a significant increase from $17.3 million in 2023, driven by sales of five Amarra Villas homes for $18.9 million and 47 acres of undeveloped land for $14.5 million[4] - EBITDA for 2024 was $4.1 million, compared to a loss of $10.7 million in 2023, indicating a substantial improvement in operational performance[4] - The net loss for 2024 was $1.908 million, a substantial improvement from a net loss of $16.493 million in 2023, reflecting a reduction of approximately 88%[30] - The company reported a total comprehensive loss attributable to common stockholders of $1.908 million in 2024, compared to a loss of $14.807 million in 2023[26] - The net loss before income taxes for 2024 was $1,466,000, a substantial improvement compared to a net loss of $15,034,000 in 2023[39] Revenue Growth - Total revenues for 2024 reached $54.183 million, a significant increase from $17.270 million in 2023, representing a growth of approximately 213%[26] - Real Estate Operations generated revenues of $34.887 million in 2024, compared to $2.551 million in 2023, indicating a growth of over 1,267%[26] - Revenue from unaffiliated customers for 2024 was $54,183,000, a significant increase from $17,270,000 in 2023, representing a growth of approximately 213%[37] Assets and Equity - Stratus had $20.2 million in cash and cash equivalents as of December 31, 2024, with no amounts drawn on its revolving credit facility, and $39.0 million available under the facility[4] - Total assets increased to $532.606 million in 2024, up from $517.766 million in 2023, marking a growth of about 2.4%[28] - Stratus' total stockholders' equity increased to $194.7 million at December 31, 2024, compared to $191.5 million in 2023, indicating a strengthening balance sheet[14] - The after-tax Net Asset Value (NAV) was $330.5 million, or $40.38 per share, as of December 31, 2024, up from $321.7 million, or $39.40 per share, in 2023[14] Debt and Liabilities - Consolidated debt increased to $194.9 million as of December 31, 2024, from $175.2 million in 2023, primarily due to project construction loans[10] - Total liabilities increased to $235 million in 2024 from $223.2 million in 2023, reflecting a rise of approximately 5.5%[53] - Stratus' debt increased to $194.853 million in 2024 from $175.168 million in 2023, representing an increase of about 11.3%[28] Capital Expenditures - Capital expenditures for the development of real estate properties totaled $58.7 million in 2024, down from $90.4 million in 2023, reflecting a strategic focus on key projects[13] - Capital expenditures for real estate properties in 2024 amounted to $58,661,000, down from $90,413,000 in 2023, indicating a reduction of about 35%[39] Share Repurchase and Stock Performance - The company repurchased 83,380 shares of its common stock for a total cost of $2.0 million under its share repurchase program, with $3.0 million remaining available for future repurchases[4] Operational Highlights - The company completed the lease-up of The Saint June, a 182-unit luxury multi-family project, in 2024, contributing to revenue growth[4] - Segment profit for Real Estate Operations in 2024 was $4,727,000, while Leasing Operations reported a profit of $8,070,000, leading to a total segment profit of $12,797,000[37] - The gain on the sale of assets in 2024 was $1,626,000, contributing positively to the overall financial performance[37] - General and administrative expenses for 2024 were $14,952,000, slightly lower than $15,167,000 in 2023, indicating cost management efforts[37]

Financial Performance - Net loss attributable to common stockholders was $0.4 million, or $0.05 per diluted share, in Q3 2024, a significant improvement from a net loss of $2.8 million, or $0.36 per diluted share, in Q3 2023[2] - Revenues for Q3 2024 were $8.9 million, up from $3.7 million in Q3 2023, primarily due to the sale of one Amarra Villas home for $4.0 million and increased rental revenue from The Saint June[3] - For the first nine months of 2024, revenues totaled $43.9 million compared to $13.0 million in the same period of 2023, driven by the sale of approximately 47 acres of undeveloped land for $14.5 million and four Amarra Villas homes for $15.2 million[3] - The company reported an operating loss of $1.519 million for Q3 2024, an improvement from a loss of $3.329 million in Q3 2023[31] - Net loss attributable to common stockholders for Q3 2024 was $364,000, compared to a net loss of $2.844 million in Q3 2023[31] - Net loss for the third quarter of 2024 was $495,000, a significant improvement from a net loss of $14.8 million in the same period of 2023[35] - Operating cash flow improved to a net cash used of $2.4 million, compared to $39.3 million in the third quarter of 2023[35] - EBITDA for the first nine months of 2024 was $3.9 million, a recovery from $(9.9) million in the same period of 2023[6] - EBITDA for the third quarter of 2024 was $3.88 million, compared to a negative EBITDA of $9.92 million in the same period of 2023[49] Assets and Liabilities - Total assets increased to $523.180 million as of September 30, 2024, up from $517.766 million at the end of 2023[33] - Debt levels rose to $181.540 million as of September 30, 2024, compared to $175.168 million at the end of 2023[33] - Cash and cash equivalents decreased to $19.638 million from $31.397 million at the end of 2023[33] - As of September 30, 2024, Stratus had $19.6 million in cash and cash equivalents and $39.6 million available under its revolving credit facility[5] Real Estate Operations - Real estate operations generated revenues of $3.971 million in Q3 2024, compared to $2.551 million in Q3 2023, marking a 56% increase[31] - Total revenues for the Real Estate Operations segment were $3.97 million, while the Leasing Operations segment generated $4.92 million, totaling $8.89 million in revenues[41] - Operating loss for the Real Estate Operations segment was $1.42 million, while the Leasing Operations segment reported an operating income of $3.25 million[41] - Stratus completed property sales totaling $38.6 million in the first nine months of 2024, with a notable average sales price increase for Amarra Villas homes compared to the prior year[8] - The occupancy rate at The Saint June was approximately 97% as of November 8, 2024, indicating strong demand for the luxury multi-family project[7] Capital Expenditures and Investments - Capital expenditures for the third quarter of 2024 amounted to $6.61 million for Real Estate Operations and $6.82 million for Leasing Operations, totaling $13.43 million[41] - Stratus is currently developing real estate valued at $261.212 million, slightly up from $260.642 million at the end of 2023[33] Share Repurchase and Financing - A new share repurchase program was approved, allowing for repurchases of up to $5.0 million of common stock, following the completion of a previous $10.0 million program[18] - The company has a share repurchase program of $5.0 million, subject to restrictions under its Comerica Bank debt agreements[24] - Stratus is exploring refinancing options for several construction loans, anticipating tighter spreads and potential additional proceeds[17] Legislative and Legal Considerations - The company anticipates potential impacts from Texas Senate Bill 2038 and ongoing litigation, which may affect future operations and development projects[25]