Stratus Properties swings to net income in H1 2024; Q2 loss narrows to $0.21/share

STRATUS PROPERTIES INC

2024-Q2 EPS reported $0.35 revenue$34,997,000

Net income attributable to common stockholders of $2.8M ($0.35/diluted) for H1 2024 vs. loss of $11.1M ($1.39) in H1 2023.
Q2 2024 net loss narrowed to $1.7M ($0.21/diluted) from $5.3M ($0.66) in Q2 2023.
Revenues rose to $35.0M in H1 2024 from $9.3M, driven by $14.5M land sale and $11.3M home sales.
The Saint June reached 98% occupancy; contract to sell Magnolia Place retail for $8.9M expected to close mid-August.
New $5.0M share repurchase program authorized; no purchases as of June 30.

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