10-K · March 27, 2026
Stratus Properties Inc.'s 10-K report for the year ended December 31, 2025, highlights a notable recovery with a significant turnaround reflected in Q4, reporting net income of $2.41 per share on revenue of $8 million.…
Earnings analysis · 10-Q
STRS earnings analysis
Filed May 12, 2026 · Our reading of the company's report
The latest report
Stratus Properties Inc. reported a strong Q4 for 2025, achieving revenue of $8 million and an impressive EPS of $2.41, reflecting significant improvements over prior quarters and the year. A notable driver was the…
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Stratus Properties Inc. reported a strong Q4 for 2025, achieving revenue of $8 million and an impressive EPS of $2.41, reflecting significant improvements over prior quarters and the year. A notable driver was the successful sale of Kingwood Place for $60.8 million, contributing to a net income of $6.6 million compared to a loss in the previous year. However, the company is navigating considerable risks and operating under an approved Plan of Liquidation to maximize shareholder value.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $2.41
- Segment
- Real Estate Operations
- Segment
- Leasing Operations
What stood out
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Significant Revenue Growth
Revenue increased to $8M in Q4 2025, compared to $5M in Q3 2025.
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Strong EPS Performance
EPS hit $2.41, reversing the loss of $(0.62) in the previous quarter.
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Profitable Asset Sale
Sale of Kingwood Place generated $60.8M, with a pre-tax gain of approximately $23M.
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Operational Cash Flow Improvement
Cash used in operating activities fell to $15.6M in Q1 2026, versus $13.5M in Q1 2025.
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Healthy Cash Reserves
As of March 31, 2026, cash and equivalents were $73.5M with $24.7M available under the revolving credit facility.
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Plan of Liquidation Approved
A Plan of Liquidation was approved, with potential liquidating distributions between $29.73 and $37.69 per share.
What to watch
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Execution Risk of Liquidation Plan
The Plan of Liquidation may not receive stockholder approval, impacting all strategic directions.
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Market Conditions Affecting Asset Sales
Current real estate market pressures could delay or reduce expected asset sale proceeds.
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Interest Rate Risks
Continued variable interest rates could increase financial obligations and costs.
Management's outlook
Liquidity outlook is contingent on successful implementation of the Plan of Liquidation.
Earlier filings 4
10-Q · November 12, 2025
Stratus Properties reported a disappointing third quarter ending September 30, 2025, with revenue of $5 million and a net loss of $5 million. Revenue and earnings per share showed significant declines compared to prior…
10-Q · August 12, 2025
Stratus Properties' Q2 2025 results demonstrate a significant rebound with revenue increase contrasted to previous quarters, reporting $11.6 million, up from $8 million in Q2 2024, and a modest profit of $0.03 per…
10-Q · May 15, 2025
Stratus Properties reported a significant decline in revenue for Q1 2025, totaling $5 million, down 81.3% from $27 million in Q1 2024. Operating loss increased substantially to $(3.6) million, compared with a profit of…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.