Stratus Properties ( (STRS) ) has shared an update.
Stratus Properties Inc. reported a significant financial turnaround for the year ended December 31, 2024, with a net income of $2.0 million compared to a net loss of $14.8 million in 2023. The company achieved a revenue increase to $54.2 million, driven by sales of Amarra Villas homes, undeveloped land at Magnolia Place, and the lease-up of The Saint June. Stratus also advanced several construction projects, refinanced loans, and repurchased shares, reflecting a strategic focus on residential projects in high-demand Texas locations.
More about Stratus Properties
Stratus Properties Inc. is a real estate company focused on residential and retail developments, primarily operating in the Austin, Texas area and other select markets in Texas.
YTD Price Performance: -10.55%
Average Trading Volume: 7,380
Technical Sentiment Signal: Buy
Current Market Cap: $148.1M
Find detailed analytics on STRS stock on TipRanks’ Stock Analysis page.