Stratus Reports Q3 Loss Due to Declining Sales and Non-Recurring Expenses
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 18 2025
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Source: NASDAQ.COM
Earnings Report Overview: Stratus Properties Inc. reported a net loss of 62 cents per share for Q3 2025, a significant decline from a loss of 5 cents per share in the same quarter last year, with revenues dropping 44% to $5 million due to a lack of real estate sales.
Segment Performance: The real estate operations segment experienced a loss of $4.5 million, attributed to a $2.9 million impairment from a terminated development project, while leasing operations remained stable with flat revenues of $4.9 million.
Strategic Moves: CEO William H. Armstrong III highlighted the company's strategic repositioning, including an agreement to sell Lantana Place – Retail for approximately $57.4 million, which will help strengthen the balance sheet and repay project loans.
Cash Position and Share Repurchases: As of September 30, 2025, Stratus maintained a strong liquidity profile with a $55 million cash balance and has repurchased 180,899 shares of its common stock, with $21.1 million remaining under its share repurchase authorization.
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About STRS
Stratus Properties Inc. is a residential and retail-focused real estate company. The Company is engaged primarily in the entitlement, development, management, leasing and sale of multifamily and single-family residential and commercial real estate properties in the Austin, Texas area and other select markets in Texas. It operates through two segments: Real Estate Operations and Leasing Operations. In addition to its developed properties, it has a development portfolio that consists of approximately 1,500 acres of commercial and residential projects under development or undeveloped land held. Its commercial real estate portfolio consists of stabilized retail properties or future retail and mixed-use development projects with no commercial office space. The Leasing Operations segment is comprised of its real estate assets held for investment that are leased or available for lease and includes The Saint June, Kingwood Place, Kingwood Place and Jones Crossing.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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