Stratus Properties | 10-Q: FY2025 Q3 Revenue: USD 4.969 M

Revenue: As of FY2025 Q3, the actual value is USD 4.969 M.

EPS: As of FY2025 Q3, the actual value is USD -0.62.

EBIT: As of FY2025 Q3, the actual value is USD -7.344 M.

Revenue: $45,000 for the three months ended September 30, 2025, compared to $3,971,000 for the same period in 2024. For the nine months ended September 30, 2025, revenue was $6,868,000 compared to $29,723,000 in 2024.
Operating Loss: - $4,544,000 for the three months ended September 30, 2025, compared to - $1,421,000 in 2024. For the nine months ended September 30, 2025, the operating loss was - $9,582,000 compared to an operating income of $4,541,000 in 2024.
Cost of Real Estate Sold: $0 for the three months ended September 30, 2025, compared to - $3,266,000 in 2024. For the nine months ended September 30, 2025, the cost was - $6,244,000 compared to - $20,388,000 in 2024.

Revenue: $4,924,000 for the three months ended September 30, 2025, compared to $4,920,000 in 2024. For the nine months ended September 30, 2025, revenue was $14,749,000 compared to $14,165,000 in 2024.
Operating Income: $317,000 for the three months ended September 30, 2025, compared to $3,265,000 in 2024. For the nine months ended September 30, 2025, operating income was $8,609,000 compared to $6,375,000 in 2024.
Gain on Sale of Assets: $0 for the three months ended September 30, 2025, compared to $1,626,000 in 2024. For the nine months ended September 30, 2025, the gain was $5,200,000 compared to $1,626,000 in 2024.

Net Cash Used in Operating Activities: - $24,140,000 for the nine months ended September 30, 2025, compared to - $2,402,000 in 2024.
Net Cash Provided by (Used in) Investing Activities: $4,645,000 for the nine months ended September 30, 2025, compared to - $15,025,000 in 2024.
Net Cash Provided by Financing Activities: $53,864,000 for the nine months ended September 30, 2025, compared to $5,331,000 in 2024.

Core Business Focus: Stratus Properties Inc. plans to continue developing properties using project-level debt and third-party equity capital through joint ventures, focusing on projects that provide attractive long-term returns while limiting financial risk. The company aims to develop properties in Austin and other select Texas markets, leveraging its development program to secure and maintain development entitlements, develop and stabilize properties, and either sell them or hold them as part of its Leasing Operations.
Non-Core Business: The company is exploring opportunities for the use of cash from the Holden Hills Phase 2 partnership and recent property sales, which may include share repurchases, deleveraging, reinvesting in the project pipeline, and/or other cash returns to stockholders. The company is also working to establish a separate revolving credit facility for the Holden Hills Phase 2 project to fund future operating costs and reimburse project costs.