Stratus Properties Inc. (NASDAQ:STRS) Q3 2021 Earnings Conference Call November 15, 2021 11:00 AM ET Company Participants Beau Armstrong - President & Chief Executive Officer Erin Pickens - Chief Financial Officer Operator Good morning and welcome to the Stratus Properties Third Quarter 2021 Conference Call. Today, Stratus issued a press release announcing its third quarter 2021 results. The press release is available on Stratus' website at stratusproperties.com. Following management's remarks, we will host ...

United States SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 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. FORM 10-Q (Mark one) (Exact name of registrant as specified in its charter) Delaware 72-1211572 (State or other jurisdi ...

Stratus Properties Inc. (NASDAQ:STRS) Q2 2021 Earnings Conference Call August 16, 2021 11:00 AM ET Company Participants Beau Armstrong - Chairman, President & Chief Executive Officer Erin Pickens - Chief Financial Officer Conference Call Participants Operator Good morning and welcome to the stratus Properties Second Quarter 2021 Conference Call. Today, Stratus issued a press release announcing it's second quarter 2021 results. The press release is available on Stratus' website at stratusproperties.com. Fol ...

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, 2021 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) incorporation or organization) Austin TX 7 ...

Stratus Properties Inc. (NASDAQ:STRS) Q1 2021 Earnings Conference Call May 11, 2021 11:00 AM ET Company Participants Beau Armstrong – Chairman, President and Chief Executive Officer Erin Pickens – Chief Financial Officer Conference Call Participants Operator Good day, and welcome to the Stratus Properties’ First Quarter 2021 Conference Call. Yesterday, Stratus issued a press release announcing its first quarter 2021 results. The press release is available on Stratus’ website at stratusproperties.com. Follow ...

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, 2020 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) (State or other jurisdiction of incorporation o ...

Stratus Properties Inc. (NASDAQ:STRS) Q4 2020 Earnings Conference Call March 15, 2021 11:00 AM ET Company Participants William Armstrong - Chief Executive Officer Erin Pickens - Chief Financial Officer Operator Good day, and welcome to the Stratus Properties Year Ended December 31, 2020 Financial and Operational Conference Call. Earlier this morning, Stratus issued a press release announcing its year ended December 31, 2020 financial results. The press release is available on Stratus’ website at stratusprop ...

S T R A T U S ® Investor Presentation March 15, 2021 CAUTIONARY STATEMENT AND REGULATION G DISCLOSURE 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 the impacts of the COVID-19 pandemic, Stratus' ability to meet its future debt service and other cash obligations, potential future ...

Financial Data and Key Metrics Changes - Consolidated revenues totaled $12.8 million in Q3 2020, down from $22.3 million in Q3 2019, primarily due to the adverse impact of the COVID-19 pandemic on hotel and entertainment operations [31] - Net loss attributable to common stockholders was $15.1 million or $1.84 per share in Q3 2020, compared to a net loss of $3 million or $0.36 per share in Q3 2019 [32] - EBITDA was negative $0.6 million in Q3 2020, down from positive $2.7 million in Q3 2019, reflecting the pandemic's impact [34] Business Line Data and Key Metrics Changes - Revenue from Real Estate operations was $5 million in Q3 2020, up from $2.6 million a year ago, with operating income increasing to $1.4 million from $211,000 [35] - Leasing operations revenue totaled $6 million in Q3 2020, up from $5.2 million last year, while operating income slightly decreased to $1.2 million from $1.3 million [37] - Hotel revenues fell to $1.6 million in Q3 2020 from $8.8 million in Q3 2019, with an operating loss of $2.6 million compared to operating income of $930,000 [39] - Entertainment revenues dropped to $367,000 in Q3 2020 from $6.2 million in Q3 2019, resulting in an operating loss of $1.3 million compared to operating income of $1.1 million [42] Market Data and Key Metrics Changes - Total rent collections for retail properties were 84% of scheduled rents, while multifamily properties achieved 99%, leading to a combined total of 92% from April through October 2020 [16] - The average hotel occupancy was approximately 16% in Q3 2020, a slight increase from 12% in Q2 2020 [41] Company Strategy and Development Direction - The long-term strategy focuses on delivering shareholder returns through selling, refinancing, and leasing properties, which remains unchanged despite the pandemic [10] - The company is exploring a potential conversion to a Real Estate Investment Trust (REIT), which may provide significant tax benefits and improve liquidity [25][26] - Future phases of Barton Creek are being planned, and leasing activity continues despite the pandemic [22] Management's Comments on Operating Environment and Future Outlook - Management remains confident in the company's ability to withstand market challenges and capitalize on vibrant economies in chosen markets [12] - The company expects to meet financial obligations through 2021 and is evaluating refinancing opportunities to take advantage of low interest rates [20][46] - Management acknowledges the ongoing impacts of the pandemic but believes in the importance of their projects to the community [52] Other Important Information - Consolidated debt totaled $368.6 million and cash totaled $13.4 million as of September 30, 2020 [44] - The company has a strong pipeline of opportunities and believes it is well-positioned to create value as the business environment recovers [53] Q&A Session Summary - The Q&A session was opened for participants to ask questions regarding the company's performance and future strategies [54]

Stratus Properties Inc. (NASDAQ:STRS) Q2 2020 Earnings Conference Call August 10, 2020 11:00 AM ET Company Participants Beau Armstrong - Chairman, President & Chief Executive Officer Erin Pickens - Chief Financial Officer Conference Call Participants Operator Good day and welcome to the Stratus Properties' Second Quarter 2020 Financial and Operational Conference Call. Earlier this morning, Stratus released a press release announcing it's second quarter 2020 financial results. The press release is available ...