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Stratus Properties (STRS) investor relations material
Stratus Properties Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenues for Q3 2025 were $5.0 million, down from $8.9 million in Q3 2024; nine-month revenues were $21.6 million, down from $43.9 million year-over-year, mainly due to fewer property sales in Real Estate Operations.
Net loss attributable to common stockholders was $(5.0) million, or $(0.62) per diluted share in Q3 2025, compared to $(0.4) million, or $(0.05) per diluted share in Q3 2024.
Nine-month 2025 net loss attributable to common stockholders was $(7.6) million, or $(0.94) per diluted share, versus net income of $2.5 million, or $0.30 per diluted share, in the same period of 2024.
Cash and cash equivalents increased to $55.0 million as of September 30, 2025, primarily from a $47.8 million distribution from the Holden Hills Phase 2 partnership.
Pending sale of Lantana Place Retail for $57.4 million is expected to close in Q4 2025, with proceeds to be used for loan repayment and other strategic uses.
Financial highlights
Q3 2025 revenues: $5.0 million; nine-month 2025 revenues: $21.6 million, both significantly lower year-over-year.
Net loss attributable to common stockholders: $(5.0) million in Q3 2025, $(7.6) million for nine months 2025; prior year nine-month net income: $2.5 million.
Operating loss for Q3 2025: $(8.1) million; nine-month operating loss: $(12.4) million.
Cash and cash equivalents: $55.0 million as of September 30, 2025 (December 31, 2024: $20.2 million).
Consolidated debt at September 30, 2025: $203.9 million, up from $194.9 million at December 31, 2024.
Outlook and guidance
Management expects to meet debt service and cash obligations for at least the next 12 months, supported by stabilized property cash flows and available liquidity.
Proceeds from the Lantana Place Retail sale and other asset sales may be used for share repurchases, deleveraging, reinvestment, or other returns to stockholders.
Homebuilding and site sales at Holden Hills Phase 1 anticipated to begin in 2026.
Ongoing focus on residential and residential-centric mixed-use projects in Austin and select Texas markets.
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