Stratus Properties ( (STRS) ) has released its Q1 earnings. Here is a breakdown of the information Stratus Properties presented to its investors.
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Stratus Properties Inc., a real estate company based in Austin, Texas, focuses on the development, management, leasing, and sale of residential and commercial properties in select Texas markets. The company is known for its diverse portfolio of multi-family and single-family residential projects, as well as retail and mixed-use developments.
In its first-quarter 2025 earnings report, Stratus Properties reported a net loss of $2.9 million, a significant decline from the $4.6 million net income in the same period of 2024. The company’s revenues also saw a sharp decrease, falling to $5.0 million from $26.5 million the previous year, primarily due to the absence of property sales that had bolstered the previous year’s results.
Key financial highlights include a notable drop in revenue from real estate operations, which was partially offset by increased leasing operations revenue, particularly from The Saint June project. The company also reported a net loss of $3.8 million and an EBITDA of negative $2.3 million for the quarter. Stratus has been active in refinancing project loans and extending credit facility maturities, which has helped raise additional cash proceeds.
Looking ahead, Stratus Properties is advancing several key projects, including the completion of The Saint George and Amarra Villas homes, expected in the second quarter of 2025. The company is also focused on the development of Holden Hills Phase 1 and planning for Phase 2. Management remains committed to executing strategic transactions and leveraging market opportunities to enhance shareholder value.