Stratus Properties reports Q 2EPS (21c) vs. (66c) last year

Reports Q2 revenues $8.5M compared to revenues of $3.5M for second-quarter 2023, with the increase primarily due to the sale of one Amarra Villas home in second-quarter 2024, compared to none sold in second-quarter 2023, as well as an increase in rental revenue primarily related to The Saint June, which had no rental revenue in second-quarter 2023. Revenues totaled $35M for the first six months of 2024 compared to revenues of $9.3M for the first six months of 2023. The increase was primarily the result of the sales of approximately 47 acres of undeveloped land at Magnolia Place for $14.5 M and three Amarra Villas homes for a total of $11.3M in the first six months of 2024, compared with the sale of one Amarra Villas home in the first six months of 2023 for $2.5M.