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 (NASDAQ: STRS) is a residential and retail focused real estate company active in the Austin, Texas area and other select Texas markets. News about Stratus often centers on its entitlement, development, leasing and sale of multi-family, single-family and retail or mixed-use properties, as well as its financing and capital allocation decisions.
Investors following STRS news can expect regular updates on project milestones and transactions. Recent announcements have covered sales of stabilized retail assets such as West Killeen Market and Lantana Place – Retail, agreements to sell properties like Kingwood Place, and the impact of these transactions on cash balances and project-level debt. The company also reports on progress at residential and multi-family developments, including The Saint June, The Saint George, Amarra Villas and the large-scale Holden Hills projects in the Barton Creek community.
Stratus’ news flow also includes information on refinancing activities for properties such as Kingwood Place, Lantana Place and Jones Crossing, changes to its revolving credit facility, and the formation of partnerships like the Holden Hills Phase 2 partnership with a third-party equity investor. In addition, the company has disclosed Board-authorized share repurchase programs and, more recently, the initiation of a process to explore strategic alternatives, including a potential sale of Stratus, a plan of dissolution and liquidation, further share repurchases and other strategic or financial transactions.
This STRS news page on Stock Titan aggregates company press releases and related coverage so readers can monitor asset sales, development progress, financing actions and Board-level decisions that shape Stratus’ Texas-focused real estate portfolio over time.
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.
Stratus Properties Inc. (NASDAQ: STRS) has completed the sale of The Santal for $152 million, yielding approximately $74 million in pre-tax cash proceeds. After-tax proceeds are anticipated to be around $51 million. The transaction is expected to result in a pre-tax gain of approximately $80 million in Q4 2021 and reflects a significant 32% internal rate of return on the investment. The sale price represents a 103% premium over the estimated after-tax net asset value of $25 million from December 2020.
Stratus Properties Inc. (NASDAQ: STRS) reported its third-quarter 2021 results, showing a net loss of $3.8 million, significantly improved from a loss of $15.1 million in Q3 2020. Notable transactions include agreements to sell Block 21 for $260 million and The Santal for $152 million, which are expected to generate pre-tax proceeds of approximately $115 million and $70 million, respectively. EBITDA rose to $2.0 million from a loss of $0.6 million a year earlier. While hospitality revenue improved, Stratus is facing challenges in real estate operations due to a decrease in lot sales.
Stratus Properties Inc. (NASDAQ: STRS) has agreed to sell Block 21, a mixed-use complex in Austin, Texas, to Ryman Hospitality Properties, Inc. for $260 million. This sale follows a previous agreement in December 2019 for $275 million, which was terminated in May 2020 due to the COVID-19 pandemic, resulting in Ryman forfeiting $15 million in earnest money. The transaction is aimed to close by year-end, pending certain conditions. This move is expected to provide Stratus with financial flexibility to reinvest, deleverage, or return cash to shareholders.
Stratus Properties Inc. (NASDAQ: STRS) has announced that it will release its third-quarter financial and operating results on November 15, 2021, before the market opens. The company will hold a conference call at 11:00 a.m. Eastern Time on the same date, with participants able to join via domestic or international dial-in numbers provided. A replay of the call will be available until November 29, 2021. Stratus is engaged in diversified real estate activities, focusing on commercial and residential properties primarily in the Austin, Texas area.
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