Welcome to our dedicated page for Stratus Prop news (Ticker: STRS), a resource for investors and traders seeking the latest updates and insights on Stratus Prop stock.
Stratus Properties Inc (STRS) delivers innovative real estate solutions through strategic development and leasing operations across Texas markets. This news hub provides investors and stakeholders with essential updates about the company's residential and commercial projects.
Access authoritative information on STRS's latest property acquisitions, partnership announcements, and operational milestones. Our curated collection features press releases covering entitlement progress, community development initiatives, and financial disclosures – all critical for understanding the company's position in sustainable real estate development.
Key updates include earnings reports detailing leasing revenue trends, project approvals in target markets like Austin, and strategic expansions reflecting the company's dual operational focus. Bookmark this page for direct access to primary source materials that inform decisions about STRS's market activities.
Stratus Properties reported significant financial improvements for the year ended December 31, 2022, with net income attributable to common stockholders rising to $90.4 million or $10.99 per diluted share, compared to $57.4 million or $6.90 in 2021. Total stockholders’ equity increased to $207.2 million. Key developments included the completion of various real estate sales and the announcement of a new share repurchase program worth $10 million. However, EBITDA turned negative at $(3.1) million, down from $90.7 million in 2021. The firm continues to progress on various projects, including Holden Hills.
Strauss Group (TASE: STRS) reported a 6.5% revenue growth for FY 2022, totaling NIS 9.5 billion. Despite this growth, profit margins suffered significantly, with net profit declining by 72.9% to NIS 174 million. Factors contributing to this decline included production halts in the confectionery division and Sabra, leading to a 12.3% drop in gross profit and a gross margin of 29.8%. Meanwhile, market shares for both Sabra and the confectionery division are recovering, reaching 37.6% and 24% respectively. While the company focuses on innovation and infrastructure investments, challenges remain in rising costs and external pressures.
Stratus Properties Inc. (NASDAQ: STRS) has secured financing and commenced construction on Holden Hills, a development featuring 475 custom residences on 495 acres in Barton Creek, Austin. This project marks the last single-family development in Barton Creek and is touted as a significant achievement in Stratus' 30-year residential experience. A joint venture with an investor contributed 50% equity for the development. Stratus has obtained a three-year construction loan from Comerica Bank and is committed to sustainability in design and construction, aiming to enhance community wellness.
Stratus Properties Inc. (NASDAQ: STRS) reported its third-quarter 2022 results, reflecting a special cash dividend of $4.67 per share and a $10 million share repurchase program. The company reported a net loss of $2.4 million, or $0.29 per diluted share, compared to a net loss of $3.8 million in Q3 2021. Total stockholders’ equity increased to $219.8 million from $158.1 million at the end of 2021, bolstered by sales from Block 21 and other assets. Revenues for Q3 2022 reached $9.98 million, up from $6.27 million in Q3 2021, driven by undeveloped property sales.
Stratus Properties Inc. (NASDAQ: STRS) announced the upcoming release of its third-quarter 2022 financial and operational results, scheduled for November 14, 2022, before market opening. A conference call will follow at 11:00 a.m. Eastern Time. Investors can participate via domestic and international dial-in numbers. The earnings release and call replay will be accessible on Stratus' website until November 28, 2022. The company focuses on real estate development primarily in the Austin, Texas market.
Stratus Properties Inc. (NASDAQ: STRS) has announced a return of $50 million to shareholders, comprised of a special cash dividend of approximately $40 million and a $10 million share repurchase program. The special cash dividend of $4.67 per share will be paid on September 29, 2022, to shareholders of record as of September 19, 2022. The company aims to share gains from recent project sales and expresses confidence in its business strategy. The share repurchase program remains flexible, allowing management to buy back shares based on market conditions.
