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Stratus Properties Inc - $STRS STOCK NEWS

Welcome to our dedicated page for Stratus Properties news (Ticker: $STRS), a resource for investors and traders seeking the latest updates and insights on Stratus Properties stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Stratus Properties's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Stratus Properties's position in the market.

Rhea-AI Summary
Stratus Properties Inc. reported a net loss of $(14.8) million for the year ended December 31, 2023, compared to net income of $90.4 million in 2022. The company's total stockholders' equity increased to $191.5 million in 2023, with significant property sales contributing to the rise. Stratus completed a $10.0 million share repurchase program in 2023 and had $31.4 million in cash and cash equivalents. The company also saw positive developments in its real estate projects, with The Saint June project reaching 75% lease agreements. However, EBITDA decreased to $(10.7) million in 2023 from $(3.1) million in 2022.
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0.75%
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Rhea-AI Summary
Stratus Properties Inc. (NASDAQ: STRS) completed the sale of 47 acres at Magnolia Place for $14.5 million, generating $5.3 million in net cash proceeds. The project includes fully-leased retail buildings, multi-family units, and potential future reimbursements. Stratus has successfully developed the project, creating value and maintaining a strong position for future growth.
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-1.58%
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Rhea-AI Summary
Stratus Properties Inc. (STRS) received an unsolicited proposal from NXSTEP Opportunity Partners to acquire the company for $27.18 per share in cash, which was deemed undervalued by the Board of Directors. Oasis Management Company Ltd. supported NXSTEP's proposal, leading to an increased offer of $27.30 per share. Stratus is evaluating the proposal in line with its long-term strategy.
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Stratus Properties Inc. (NASDAQ: STRS) reported a net loss attributable to common stockholders of $2.8 million in Q3 2023, compared to a net loss of $2.4 million in Q3 2022. The company's total stockholders' equity was $192.0 million at September 30, 2023. Stratus' Board approved a new $5.0 million share repurchase program in November 2023.
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3.8%
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Stratus Properties Inc

Nasdaq:STRS

STRS Rankings

STRS Stock Data

185.50M
5.54M
18.24%
54.29%
0.74%
Land Subdivision
Construction
Link
United States of America
AUSTIN

About STRS

stratus properties is a real estate development company known for the quality of the residential and commercial communities that it builds. our communities are known for their careful planning, attention to detail and respect for the environment. we strive to create settings that make living, playing and working more enjoyable.