Stratus Properties reports Q2 EPS 3c vs. (21c) last year

Reports Q2 revenue $11.61M vs. $8.5M last year. Reports Q2 EBITDA (185K) vs. ($1.33M) last year. The company ended the quarter with $59.4M in cash and cash equivalents. William Armstrong, chairman of the board and CEO of Stratus, stated, “During the first six months of 2025, we accomplished significant milestones in the execution of our proven strategy, despite ongoing market challenges. We formed a joint venture with an unrelated third-party equity investor to develop Holden Hills Phase 2, resulting in a $47.8 million cash distribution to us. We sold our stabilized West Killeen Market retail project and two Amarra Villas homes for a total of $20.1 million. We completed construction on The Saint George, with the first units becoming available for occupancy in April 2025. We also completed construction on the last two Amarra Villas homes and substantially completed construction of the road and utility infrastructure for Holden Hills Phase 1. Our strengthened cash position provides our Board with flexibility to explore a variety of attractive alternatives. I look forward to continuing to work alongside our Board and our dedicated, experienced team as we build value for our stockholders.”