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Stratus Properties' Q3 revenue fell 44% to USD 5.0 million due to no real estate sales, with net losses widening to USD 5.0 million. The company plans to sell Lantana Place Retail for USD 57.4 million, expected to close in the fourth quarter, providing liquidity and strategic flexibility. Infrastructure for Holden Hills Phase 1 is nearly complete, setting the stage for homebuilding in 2026. Key financial metrics show an operating loss of USD 8.09 million and negative EBITDA of USD 5.51 million, reflecting the current challenges in property sales.
Stratus Properties recorded a sharp decline in revenue for the third quarter, which fell to USD 5.0 million compared with USD 8.9 million in the same period last year. This drop was primarily due to the absence of real estate sales during the quarter. The net loss attributable to common stockholders widened to USD 5.0 million, reflecting the impact of lower revenue and ongoing operational costs. Advertisement
The company has signed an agreement to sell Lantana Place Retail for USD 57.4 million, with the transaction expected to close in the fourth quarter. Stratus is evaluating options for deploying the cash based on current market conditions, which could include paying down debt or funding future projects.
Preparations for homebuilding at Holden Hills are well underway. The infrastructure for Phase 1 has been largely completed, providing a solid foundation for residential construction to begin in 2026. This positions the company to capitalize on future housing demand once the project launches.
Key financial metrics for the quarter included revenue of USD 4.97 million, an operating loss of USD 8.09 million, EBITDA at negative USD 5.51 million, and net income at negative USD 8.007 million. These figures fell short of analyst expectations, highlighting the challenging environment for property sales. The revenue shortfall underscores the company's reliance on asset transactions rather than ongoing sales, making the Lantana Place deal particularly important for liquidity and strategic flexibility.
Source Reuters
5th Jun, 2025
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