---
schema_version: "secwatch.filing_event.v1"
accession: "0000885508-24-000049"
form_type: "8-K"
ticker: "STRS"
cik: "0000885508"
company_name: "STRATUS PROPERTIES INC"
filed_at: "2024-05-14T23:59:59+00:00"
generated_at: "2026-06-02T01:40:11.497240+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Stratus swings to Q1 net income of $4.6M; revenue jumps to $26.5M on land sale

## Summary
- Net income attributable to common stockholders $4.6M ($0.56 diluted) vs net loss of $5.8M ($0.73 loss) in Q1 2023.
- Revenue surged to $26.5M from $5.8M YoY, driven by $14.5M sale of 47 acres at Magnolia Place.
- Sold two Amarra Villas homes for total $7.6M at higher per-sq-ft vs one home for $2.5M a year ago.
- Under contract to sell West Killeen Market for $12.8M; expected close Q2 2024 with ~$7.2M pre-tax net proceeds.
- Cash $20.7M, no revolver drawn, $39.6M available; total debt $168.2M down from $175.2M.

## SEC filing metadata
- accession: 0000885508-24-000049
- form_type: 8-K
- ticker: STRS
- cik: 0000885508
- company_name: STRATUS PROPERTIES INC
- filed_at: 2024-05-14T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/885508/000088550824000049/0000885508-24-000049-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/885508/000088550824000049/strs-20240514.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000885508-24-000049
- JSON: https://secwatch.observer/filing/0000885508-24-000049.json
- Plain text: https://secwatch.observer/filing/0000885508-24-000049.txt

## Key facts
- Earnings Releases
  STRATUS PROPERTIES INC reported first-quarter 2024 results: revenue $26.5 million, net income $4.6 million, EPS $0.56 per diluted share.
  - Period: first-quarter 2024
  - Revenue: $26.5 million
  - Net income: $4.6 million
  - EPS: $0.56 per diluted share
  - Result: reported results
  source text: Net income attributable to common stockholders totaled $4.6 million, or $0.56 per diluted share, in first-quarter 2024, compared to net loss attributable to common stockholders of $(5.8) million, or $(0.73) per diluted share, in first-quarter 2023. • Revenues for first-quarter 2024 were $26.5 million compared to revenues of $5.8 million for first-quarter 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/885508/000088550824000049/0000885508-24-000049-index.htm
- Earnings Releases
  STRATUS PROPERTIES INC reported first-quarter 2023 results: revenue $5.8 million, net income $(5.8) million, EPS $(0.73) per diluted share.
  - Period: first-quarter 2023
  - Revenue: $5.8 million
  - Net income: $(5.8) million
  - EPS: $(0.73) per diluted share
  - Result: reported results
  source text: Net income attributable to common stockholders totaled $4.6 million, or $0.56 per diluted share, in first-quarter 2024, compared to net loss attributable to common stockholders of $(5.8) million, or $(0.73) per diluted share, in first-quarter 2023. • Revenues for first-quarter 2024 were $26.5 million compared to revenues of $5.8 million for first-quarter 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/885508/000088550824000049/0000885508-24-000049-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.