Challenging Year Leads to Net Loss Despite Strong Equity Growth and Strategic Asset Management
AUSTIN, Texas, March 28, 2024--Stratus Properties Inc. (NASDAQ: STRS), a diversified real estate company with holdings, interests and operations in the Austin, Texas area and other select markets in Texas, today reported year ended December 31, 2023 results.
AUSTIN, Texas, February 27, 2024--Stratus Properties Inc. (NASDAQ: STRS) ("Stratus" or the "Company") today announced that it completed the previously disclosed sale of approximately 47 acres at Magnolia Place for $14.5 million. The sale generated pre-tax net cash proceeds to Stratus of approximately $5.3 million, after transaction expenses and payment of the remaining $8.8 million project loan. With the completion of this sale and prior sales of portions of the project, Magnolia Place, which is