Stratus Properties Sees Q1 2024 EPS $0.56 Up From $(0.73) YoY; Revenue $26.507M Up From $5.802M YoY
$STRS
Homebuilding
Real Estate
Stratus Properties Sees Q1 2024 EPS $0.56 Up From $(0.73) YoY; Revenue $26.507M Up From $5.802M YoY
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4 - STRATUS PROPERTIES INC (0000885508) (Issuer)
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 third-quarter and nine-month 2024 results. Highlights and Recent Developments: Net loss attributable to common stockholders totaled $0.4 million, or $0.05 per diluted share, in third-quarter 2024, compared to net loss attributable to common stockholders of $2.8 million, or $0.36 per diluted share, in third-quarter 2023. During the first nine months of 2024, net income attributable to common stockholders totaled $2.5 million, or $0.30 per diluted share, compared to net loss attributable to common stockhold
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 2024 and six-month results. Highlights and Recent Developments: Net loss attributable to common stockholders totaled $1.7 million, or $0.21 per diluted share, in second-quarter 2024, compared to $5.3 million, or $0.66 per diluted share, in second-quarter 2023. During the first six months of 2024, net income attributable to common stockholders totaled $2.8 million, or $0.35 per diluted share, compared to net loss attributable to common stockholders of $11.1 million, or $1.39 per diluted shar
Stratus Properties Inc. (NASDAQ:STRS), a diversified real estate company with holdings, interests and operations in the Austin, Texas area and other select markets in Texas, today reported first-quarter 2024 results. Highlights and Recent Developments: Net income attributable to common stockholders totaled $4.6 million, or $0.56 per diluted share, in first-quarter 2024, compared to net loss attributable to common stockholders of $(5.8) million, or $(0.73) per diluted share, in first-quarter 2023. Revenues for first-quarter 2024 were $26.5 million compared to revenues of $5.8 million for first-quarter 2023, with the increase primarily due to the sale of approximately 47 acres at Magn
4 - STRATUS PROPERTIES INC (0000885508) (Issuer)
4 - STRATUS PROPERTIES INC (0000885508) (Issuer)
4 - STRATUS PROPERTIES INC (0000885508) (Issuer)
10-Q - STRATUS PROPERTIES INC (0000885508) (Filer)
8-K - STRATUS PROPERTIES INC (0000885508) (Filer)
8-K - STRATUS PROPERTIES INC (0000885508) (Filer)
Stratus Properties (NASDAQ:STRS) reported quarterly losses of $(0.16) per share. This is a 68.63 percent increase over losses of $(0.51) per share from the same period last year. The company reported $4.27 million in sales this quarter. This is a 67.90 percent decrease over sales of $13.30 million the same period last year.
Stratus Properties Inc. (NASDAQ:STRS) ("Stratus" or the "Company") today confirmed that on January 24, 2024 it received an unsolicited, non-binding proposal from NXSTEP Opportunity Partners ("NXSTEP") to acquire Stratus for $27.18 per share in cash, subject to adjustments. NXSTEP's proposal was subject to a number of conditions and assumptions, including important assumptions that were incorrect.Stratus' Board of Directors ("Board") considered the proposal and determined unanimously that the proposal substantially undervalues the Company and its future prospects and is not in the best interests of the Company and its stockholders. Accordingly, the Board advised NXSTEP on February 15, 2024 th
Stratus Properties Inc. (NASDAQ:STRS) ("Stratus" or the "Company") today announced the appointment of Laurie L. Dotter to its Board of Directors ("Board"). Ms. Dotter will serve as an independent Class I director, effective immediately. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210812005859/en/Laurie L. Dotter Appointed to Stratus Board (Photo: Business Wire) William H. Armstrong III, Chairman of the Board and Chief Executive Officer of Stratus, stated, "We are pleased to welcome Laurie L. Dotter to our Board. Ms. Dotter has more than 30 years of experience in the real estate investment industry, including as Founding Partne
AUSTIN, Texas--(BUSINESS WIRE)--Stratus Properties Inc. (NASDAQ: STRS) (“Stratus” or the “Company”) announced at its 2021 annual meeting of shareholders earlier today that, based on the preliminary vote count provided by the Company’s proxy solicitor, shareholders voted to elect Stratus’ director nominees, Jim Leslie and Neville Rhone, Jr., to its Board of Directors (“Board”). Shareholders also approved, as recommended by the Board, the shareholder proposal to expand the Board and appoint Laurie Dotter as a new director. Only approximately 13% of the outstanding shares (excluding Oasis Management Company Ltd.’s own shares) voted for one or both director candidates nominated by Oasis
AUSTIN, Texas--(BUSINESS WIRE)--Stratus Properties Inc. (NASDAQ: STRS) announced today the appointment of Kate B. Henriksen to its Board of Directors (“Board”). Ms. Henriksen will serve as an independent Class III director, effective immediately, and will be up for election to the Board at the 2022 Annual Meeting of Stockholders. William H. Armstrong III, Chairman of the Board, President and Chief Executive Officer of Stratus, stated, “We are pleased that Kate Henriksen has joined our Board, bringing a deep understanding of real estate investing and real estate investment trust (REIT) operations. She currently serves as Co-Chief Investment Officer of the NYSE-traded REIT RLJ Lodgin
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 third-quarter and nine-month 2024 results. Highlights and Recent Developments: Net loss attributable to common stockholders totaled $0.4 million, or $0.05 per diluted share, in third-quarter 2024, compared to net loss attributable to common stockholders of $2.8 million, or $0.36 per diluted share, in third-quarter 2023. During the first nine months of 2024, net income attributable to common stockholders totaled $2.5 million, or $0.30 per diluted share, compared to net loss attributable to common stockhold
Stratus Properties Inc. (NASDAQ:STRS) ("Stratus") today announced that it has completed the previously disclosed sale of its 100% owned, unleveraged and fully-leased Magnolia Place – Retail property for $8.9 million, generating pre-tax net cash proceeds of approximately $8.6 million. At its Magnolia, Texas location, following the sale, Stratus retains potential development of approximately 11 acres planned for 275 multi-family units and approximately $12 million of potential future reimbursement from the municipal utility district. The Magnolia Place – Retail property was part of Stratus' H-E-B grocery shadow-anchored, mixed-use development project in Magnolia, Texas in the greater Hous
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 2024 and six-month results. Highlights and Recent Developments: Net loss attributable to common stockholders totaled $1.7 million, or $0.21 per diluted share, in second-quarter 2024, compared to $5.3 million, or $0.66 per diluted share, in second-quarter 2023. During the first six months of 2024, net income attributable to common stockholders totaled $2.8 million, or $0.35 per diluted share, compared to net loss attributable to common stockholders of $11.1 million, or $1.39 per diluted shar
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