Stratus Properties Q3 net loss $2.4M; declares $40M special dividend, $10M buyback

STRATUS PROPERTIES INC

2022-Q3 EPS reported $11.50 revenue$24,201,000

Net loss attributable to common stockholders of $2.4M ($0.29 diluted) in Q3 2022 vs $3.8M loss ($0.46) in Q3 2021.
Board declared special cash dividend of $4.67/share ($40M total) paid Sept 29, 2022.
New $10M share repurchase program authorized; 105,415 shares bought for $2.6M at avg $25.02 through Nov 4.
Consolidated debt $124.2M, cash $63.5M at Sept 30, 2022; credit facility extended to March 2023.
Sold 28 acres at Magnolia Place for $3.2M and closed on Kingwood Place multifamily tract for $5.5M in Oct.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

STRATUS PROPERTIES INC reported third-quarter 2022 results: net income $2.4 million, EPS $0.29 per diluted share.

Period: third-quarter 2022
Net income: $2.4 million
EPS: $0.29 per diluted share
Result: reported results

Exact text from the filing

Net loss attributable to common stockholders totaled $2.4 million, $0.29 per diluted share, in third-quarter 2022

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Source: SEC EDGAR

accession 0000885508-22-000056

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