---
schema_version: "secwatch.filing_event.v1"
accession: "0000885508-25-000042"
form_type: "8-K"
ticker: "STRS"
cik: "0000885508"
company_name: "STRATUS PROPERTIES INC"
filed_at: "2025-05-15T23:59:59+00:00"
generated_at: "2026-05-21T06:56:33.019212+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Stratus Properties reports Q1 net loss of $2.9M; revenue drops to $5.0M

## Summary
- Net loss attributable to common stockholders of $2.9M ($0.36 diluted) vs net income of $4.6M ($0.56) in Q1 2024.
- Revenue fell to $5.0M from $26.5M, driven by no land or home sales in Q1 2025 vs 47 acres and two villas sold in prior year.
- EBITDA negative $2.3M compared to positive $5.2M in Q1 2024.
- First units at The Saint George available in April 2025; completion of Amarra Villas and Holden Hills Phase 1 expected in Q2 2025.
- Entered contract to sell West Killeen Market for $13.3M, expected to close Q2 2025; project refinancings raised ~$4.2M net cash.

## SEC filing metadata
- accession: 0000885508-25-000042
- form_type: 8-K
- ticker: STRS
- cik: 0000885508
- company_name: STRATUS PROPERTIES INC
- filed_at: 2025-05-15T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/885508/000088550825000042/0000885508-25-000042-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/885508/000088550825000042/strs-20250515.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000885508-25-000042
- JSON: https://secwatch.observer/filing/0000885508-25-000042.json
- Plain text: https://secwatch.observer/filing/0000885508-25-000042.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.