Stratus Properties Inc. (STRS)

Stratus Properties Inc. reported a net loss for the first quarter of 2025 due to decreased revenues from land and home sales. The company reported net income for the second quarter of 2025 due to sales of Amarra Villas homes, but overall revenues for the first six months of 2025 decreased. Stratus extended the maturity and lowered the interest rate of its revolving credit facility in the first quarter of 2025. A subsidiary, The Saint June, L.P., amended its loan agreement, extending the maturity date, increasing the principal balance, and reducing the interest rate margin. Stratus has a share repurchase program, acquiring shares in the first quarter of 2025 and as of August 8, 2025. Stratus entered into a contract to sell West Killeen Market, generating pre-tax net cash proceeds. Stratus entered into a joint venture for the development of Holden Hills Phase 2.

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Stratus Properties Inc. is a diversified real estate company involved in the acquisition, entitlement, development, management, leasing, and sale of multi-family and single-family residential, as well as commercial real estate properties. The company operates within the real estate sector, focusing on real estate development and operations. Stratus generates revenue through property sales, leasing, and development and asset management fees. Its major products include residential and commercial properties, with notable projects including properties within the Barton Creek community, the Lantana project, and the Circle C Ranch community, along with projects like The Saint George and Holden Hills.

Stratus Properties Inc. primarily focuses its operations in the Austin, Texas area and other select markets in Texas. Its principal real estate holdings are currently concentrated in southwest Austin, Texas.

Stratus Properties is known as a Central Texas real estate development company recognized for the quality of its residential and commercial communities. The company encourages its employees to participate in charitable efforts and has historically supported various non-profit organizations in and around Austin. Stratus' Board of Directors rejected an unsolicited, non-binding acquisition proposal from NXSTEP Opportunity Partners in January 2024, determining that the proposal substantially undervalued the company.

Stratus Properties Inc. is a publicly traded company listed on NASDAQ under the ticker symbol STRS. Institutional investors hold approximately 67.41% of the company's shares, individual investors account for about 24.41% of the shares, and company executives and board members hold approximately 8.18% of the shares.