secwatch.observer — SEC 8-K summary
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Issuer:     STRATUS PROPERTIES INC (STRS)
CIK:        0000885508
Form:       8-K
Filed at:   2025-05-15T23:59:59+00:00
Accession:  0000885508-25-000042
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/885508/000088550825000042/0000885508-25-000042-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/885508/000088550825000042/strs-20250515.htm
  HTML page:      https://secwatch.observer/filing/0000885508-25-000042

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