Stratus Properties Reports Q2 Net Income of $260,000, Revenue of $11.6 Million

Stratus Properties Inc. reported net income of $260,000 in Q2, with a profit of 3 cents per share. The Austin, Texas-based company posted revenue of $11.6 million in the period.

Stratus Properties Inc. (NASDAQ: STRS), a residential and retail-focused real estate company based in Austin, Texas, reported its second-quarter and six-month 2025 financial results. The company posted net income of $0.3 million, or $0.03 per diluted share, in the second quarter of 2025, compared to a net loss of $(1.7) million, or $(0.21) per diluted share, in the same period last year [2].

For the first six months of 2025, Stratus reported a net loss of $(2.6) million, or $(0.32) per diluted share, compared to net income of $2.8 million, or $0.35 per diluted share, during the same period in 2024 [2].

Revenue for the second quarter of 2025 was $11.6 million, an increase from $8.5 million in the second quarter of 2024. This growth was primarily driven by the sales of two Amarra Villas homes in the second quarter of 2025 compared to the sale of one Amarra Villas home in the same period last year [2].

Total revenues for the first six months of 2025 were $16.6 million, down from $35.0 million in the first six months of 2024. The decrease was mainly due to the sales of two Amarra Villas homes for an aggregate of $6.8 million in the first six months of 2025 compared to the sale of approximately 47 acres of undeveloped land at Magnolia Place for $14.5 million and three Amarra Villas homes for an aggregate of $11.2 million in the first six months of 2024 [2].

Significant developments in the second quarter included the entry into a joint venture with an unrelated third-party equity investor for the development of Holden Hills Phase 2, an approximately 570-acre mixed-use development within the Barton Creek community. This partnership distributed and paid $47.8 million in cash to Stratus [2].

Additionally, Stratus reported a pre-tax gain on the sale of assets of approximately $5.0 million from the sale of the West Killeen Market retail project for $13.3 million, generating pre-tax net cash proceeds of approximately $7.8 million after transaction expenses and payment of the remaining $5.2 million project loan [2].

As of June 30, 2025, Stratus had $59.4 million in cash and cash equivalents and no amounts drawn on its revolving credit facility. The company had $17.7 million available under its revolving credit facility as of that date [2].

Stratus completed construction of The Saint George multi-family project and the last two Amarra Villas homes in the second quarter of 2025. The company has also substantially completed the road and utility infrastructure of Holden Hills Phase 1, a 495-acre residential development within the Barton Creek community [2].

The company's board approved an increase in its share repurchase program from $5.0 million to $25.0 million of Stratus' common stock. Through August 8, 2025, Stratus has acquired 135,620 shares of its common stock for a total cost of $3.0 million at an average price of $22.13 per share [2].

References:
[1] https://www.stocktitan.net/sec-filings/STRS/8-k-stratus-properties-inc-reports-material-event-ae99f035927d.html
[2] https://www.morningstar.com/news/business-wire/20250812547028/stratus-properties-inc-reports-second-quarter-and-six-month-2025-results