Financial Data and Key Metrics Changes - Stratus reported a net loss attributable to common stockholders of $2.4 million or $0.29 per share in Q2 2019, compared to a net loss of $0.9 million or $0.11 per share in Q2 2018 [16] - Revenues for Q2 2019 totaled $23.7 million, an increase from $23.3 million in Q2 2018, primarily due to higher revenues from leasing operations and entertainment segments [17] - Adjusted EBITDA for Q2 2019 was $3.3 million, a 16% increase from $2.8 million in Q2 2018 [17] Business Line Data and Key Metrics Changes - Real estate operation segment revenues decreased to $4.1 million in Q2 2019 from $7 million in Q2 2018, reflecting fewer sales of developed properties [18] - Leasing operations segment revenues increased to $4.6 million in Q2 2019, up from $2.6 million a year ago, with operating income rising to $2.6 million from $0.5 million [19] - Hotel segment revenues decreased to $9 million in Q2 2019 from $9.6 million in Q2 2018, with operating income decreasing to $1.3 million from $1.6 million [20] - Entertainment segment revenues increased to $6.3 million in Q2 2019, up from $4.5 million in Q2 2018, with operating income rising to $1.3 million from $0.5 million [21] Market Data and Key Metrics Changes - The W Austin Hotel's revenue per available room was $242 in Q2 2019, down from $254 in Q2 2018, indicating increased competition in the Austin market [20][21] - ACL Live hosted 69 events and sold approximately 68,000 tickets in Q2 2019, compared to 45 events and approximately 29,000 tickets sold in Q2 2018 [22] Company Strategy and Development Direction - The company aims to create value for shareholders through a proven development process, including identifying properties, securing permits, constructing, and positioning for capital events [6] - Stratus is exploring monetization opportunities for properties, including refinancing or sales, particularly for the Santal multifamily project and Block 21 [9][10] - The company is optimistic about the potential of the Magnolia Place project in Houston, Texas, and anticipates strong interest from tenants [8][9] Management's Comments on Operating Environment and Future Outlook - Management remains optimistic about the long-term outlook for the W Austin Hotel, citing office growth and increased tourism in the Austin market, despite anticipated competition [21] - The company believes that Austin and other fast-growing Texas markets provide attractive investment opportunities, driven by population and job growth [24][25] Other Important Information - Consolidated debt totaled $340.6 million and consolidated cash totaled $18.1 million as of June 30, 2019, compared to $295.5 million and $19 million at the end of 2018 [23] - The company is actively pursuing entitlements for additional sections in Barton Creek, with expectations for construction to begin in 2021 [30] Q&A Session Summary Question: Status of planning efforts for remaining sections in Barton Creek - Management is working on permits for sections K, L, O, and N, expecting to have permits by the end of the year or early next year, with construction to follow [30] Question: Status of Santal Phase III construction - Santal has only two phases, which are fully built and stabilized, with additional multifamily entitlements being pursued in Section N [31] Question: Level of interest from buyers for Block 21 - Initial strategic conversations with potential buyers are ongoing, with a more significant marketing effort planned after Labor Day [34] Question: Opportunities from future investment deals - The company sees no shortage of opportunities and plans to reinvest in existing projects or return capital to shareholders [37][38] Question: Update on master-lease agreements at The Oaks at Lakeway - Management continues to work down obligations and is evaluating additional land for residential uses [39][41]

Stratus Properties Inc. (NASDAQ:STRS) Q1 2019 Earnings Conference Call May 10, 2019 11:00 AM ET Company Participants Beau Armstrong - Chairman, President and Chief Executive Officer Erin Pickens - Chief Financial Officer Conference Call Participants Fred Burtner - Burtner Investments Operator Good day, everyone and welcome to Stratus Properties First Quarter 2019 Earnings Conference Call. [Operator Instructions] At this time, I'd like to turn the conference call over to Mr. Armstrong. Unidentified Company R ...

Stratus Properties, Inc. (NASDAQ:STRS) Q4 2018 Earnings Conference Call March 18, 2019 11:00 AM ET Company Participants Beau Armstrong - Chairman of the Board, President and Chief Executive Officer Erin Pickens - Chief Financial Officer Conference Call Participants Fred Burtner - Burtner Investments Operator Welcome to the Stratus Properties Year-End 2018 Earnings Conference Call. Stratus released its financial results earlier this morning, which are available on its website at stratusproperties.com. Follow ...