Stratus Properties ( (STRS) ) just unveiled an update.
On March 7, 2025, Stratus Properties Inc., through its subsidiary College Station 1892 Properties, L.L.C., refinanced a $24.0 million loan for the Jones Crossing Retail Project in College Station, Texas, which is anchored by an H-E-B grocery store. The new loan, maturing on April 1, 2028, offers a lower interest rate and resulted in net cash proceeds of approximately $1.2 million to Stratus. This refinancing aligns with Stratus’s strategy to capitalize on lower interest rates and extend debt maturities, aiming to retain cash-flowing properties while anticipating improvements in real estate market conditions, ultimately benefiting the company and its shareholders.
More about Stratus Properties
Stratus Properties Inc. is primarily involved in the entitlement, development, management, leasing, and sale of multi-family and single-family residential and commercial real estate properties, mainly in Austin, Texas, and other select Texas markets. The company has a development portfolio of approximately 1,600 acres and generates revenue from property sales, leasing, and management fees.
YTD Price Performance: -8.55%
Average Trading Volume: 7,691
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $151.5M
Learn more about STRS stock on TipRanks’ Stock Analysis page.