Stratus Properties Q1 2023 net loss $5.8M vs prior-year profit; Holden Hills distribution $35.8M

STRATUS PROPERTIES INC

2023-Q1 EPS reported -$0.71 revenue$5,802,000

Net loss of $5.8M ($0.71 diluted EPS) vs net income of $2.3M ($0.27) in Q1 2022.
Revenue $5.8M (up 87% YoY) but EBITDA swung to -$4.2M from +$2.4M.
Obtained financing for Holden Hills (475 residences); JV distributed $35.8M cash to Stratus in Q1.
Share repurchases: 359,553 shares bought for $9.2M at avg $25.64; $0.8M remaining from $10M authorization.
Liquidity: $50.9M cash, $42.7M available on revolver; no borrowings outstanding.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

STRATUS PROPERTIES INC reported first-quarter 2023 results: net income Net loss attributable to common stockholders totaled $5.8 million, or $0.71 per diluted share, EPS $0.71 per diluted share.

Period: first-quarter 2023
Net income: Net loss attributable to common stockholders totaled $5.8 million, or $0.71 per diluted share
EPS: $0.71 per diluted share
Result: reported results

Exact text from the filing

Stratus Properties Inc. issued a press release dated May 15, 2023, announcing its first-quarter 2023 results.

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Source: SEC EDGAR

accession 0000885508-23-000026

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