secwatch.observer — SEC 8-K summary
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Issuer:     STRATUS PROPERTIES INC (STRS)
CIK:        0000885508
Form:       8-K
Filed at:   2024-11-13T23:59:59+00:00
Accession:  0000885508-24-000069
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/885508/000088550824000069/0000885508-24-000069-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/885508/000088550824000069/strs-20241113.htm
  HTML page:      https://secwatch.observer/filing/0000885508-24-000069

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