Stratus Q3 net loss narrows to $0.4M; nine-month net income $2.5M

STRATUS PROPERTIES INC

2024-Q3 EPS reported $0.30 revenue$43,888,000

Net loss attributable to common stockholders Q3 2024: $0.4M ($0.05/share) vs loss $2.8M ($0.36) in Q3 2023.
Nine-month 2024 net income $2.5M ($0.30 diluted EPS) vs loss $13.9M ($1.74) in prior year.
Revenues Q3 $8.9M (up 142% YoY); nine-month $43.9M (up 238% YoY) driven by land and home sales.
Sold Magnolia Place – Retail for $8.9M (pre-tax gain $1.6M); one Amarra Villas home sold for $4.0M.
The Saint June occupancy 97%; no debt on revolving facility; new $5M share repurchase authorized.

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