Stratus Properties reports full-year 2024 net income $2.0M vs loss $14.8M; revenue triples to $54.2M

STRATUS PROPERTIES INC

Net income attributable to common stockholders of $2.0M ($0.24 diluted EPS) vs net loss of $14.8M ($1.85 loss per share) in 2023.
Revenue increased to $54.2M from $17.3M driven by sales of five Amarra Villas homes ($18.9M) and 47 acres at Magnolia Place ($14.5M).
After-tax Net Asset Value rose to $330.5M ($40.38/share) from $321.7M ($39.40/share) year-over-year.
Refinanced or amended project loans in Q4 2024 and Q1 2025, generating $7.7M in cash proceeds and lowering interest rates.
Cash and cash equivalents $20.2M at Dec 31, 2024; no balance on $39M revolving credit facility.

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