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 strong second-quarter 2022 results with net income of $96.6 million and a pre-tax gain of $119.7 million from the Block 21 sale. The company plans to return $50 million to shareholders in the form of dividends or share repurchases, pending bank consent. Stratus has streamlined operations focusing on residential projects and continues construction on several developments. Total stockholders' equity increased to $262.4 million as of June 30, 2022, marking a significant improvement from previous years.
Stratus Properties Inc. (NASDAQ: STRS) has secured $56.8 million in construction financing for The Saint George, a 316-unit luxury housing project in north-central Austin, Texas. Construction is scheduled to begin this month, with substantial completion expected by mid-2024. This project is strategically located near the University of Texas and Apple’s new campus, enhancing its appeal. Additionally, Stratus plans to offer 10% of the units as affordable housing, aligning with its sustainability goals. The project will be funded through a combination of debt and equity contributions.
Stratus Properties Inc. (NASDAQ: STRS) will release its second-quarter 2022 financial and operating results on August 15, 2022, before the market opens. A conference call will follow at 11:00 a.m. Eastern Time. Investors can join by calling 1-877-418-4843 (domestic) or 1-412-902-6766 (international). A replay will be available until August 29, 2022, using access code 1725319. Stratus engages in diversified real estate activities in Austin, Texas, focusing on the development, management, and sale of both residential and commercial properties.
Stratus Properties Inc. (NASDAQ: STRS) has successfully completed the sale of Block 21 to Ryman Hospitality Properties for approximately
Stratus Properties Inc. (NASDAQ: STRS) reported its first-quarter 2022 results, highlighting a net income of $2.3 million, down from $8.9 million a year earlier. The company is progressing on the sale of Block 21 for $260 million, with expected net proceeds of $90 million post-transaction costs. EBITDA fell to $2.4 million from $23.5 million, reflecting no sales in the Real Estate Operations segment. Stratus continues various development projects including The Saint June and Magnolia Place, while consolidating debt stood at $121.4 million.
Stratus Properties Inc. (NASDAQ: STRS) will release its first-quarter 2022 financial results before the market opens on May 16, 2022. A conference call is scheduled for 11:00 a.m. Eastern Time on the same day, with details for participating provided. The complete earnings release and call replay will be available on the company's website. Stratus is involved in real estate activities in Austin, Texas, including acquisition, development, leasing, and operational management of various real estate properties.
Stratus Properties reported strong financial results for the year ended December 31, 2021, with net income of $57.4 million ($6.90 per share) compared to a loss of $22.8 million the previous year.
The company recognized pre-tax gains from significant property sales, including The Santal and The Saint Mary, totaling $106 million. Total stockholders' equity rose 60% to $158.1 million. Stratus continues to advance its development projects, including The Saint George and The Annie B, while also preparing for the anticipated sale of Block 21 for $260 million.
Stratus Properties Inc. (NASDAQ: STRS) has extended the anticipated closing date for the sale of Block 21 to Ryman Hospitality Properties, now expected before
Stratus Properties Inc. (NASDAQ: STRS) will release its financial and operational results for the year ending December 31, 2021, before market open on March 31, 2022. A conference call will take place at 11:00 a.m. Eastern Time the same day. Investors can join the call via domestic number 1-877-418-4843 or international number 1-412-902-6766. For replay, dial 1-877-344-7529 domestically or 1-412-317-0088 internationally, using access code 2465645 until April 14, 2022. More details can be found on their website: stratusproperties.com.
Stratus Properties Inc. (NASDAQ: STRS) has announced an extension for the closing date of the Block 21 sale to Ryman Hospitality Properties, Inc. The deal's finalization is now anticipated in the first quarter of 2022, subject to various closing conditions, including consent from loan servicers and the hotel operator. Block 21 is a mixed-use development in downtown Austin, Texas, featuring the W Austin Hotel and other commercial spaces. Factors affecting the transaction's timeline include the ongoing impact of COVID-19 and potential delays in obtaining necessary approvals.
