secwatch.observer — SEC 8-K summary
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Issuer:     STRATUS PROPERTIES INC (STRS)
CIK:        0000885508
Form:       8-K
Filed at:   2024-08-13T23:59:59+00:00
Accession:  0000885508-24-000057
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/885508/000088550824000057/0000885508-24-000057-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/885508/000088550824000057/strs-20240813.htm
  HTML page:      https://secwatch.observer/filing/0000885508-24-000057

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer