STRS earnings analysis
What we found in STRS's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
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.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Significant Revenue Growth
- Revenue increased to $8M in Q4 2025, compared to $5M in Q3 2025.
- Strong EPS Performance
- EPS hit $2.41, reversing the loss of $(0.62) in the previous quarter.
- Profitable Asset Sale
- Sale of Kingwood Place generated $60.8M, with a pre-tax gain of approximately $23M.
- Operational Cash Flow Improvement
- Cash used in operating activities fell to $15.6M in Q1 2026, versus $13.5M in Q1 2025.
- Healthy Cash Reserves
- As of March 31, 2026, cash and equivalents were $73.5M with $24.7M available under the revolving credit facility.
- Plan of Liquidation Approved
- A Plan of Liquidation was approved, with potential liquidating distributions between $29.73 and $37.69 per share.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Execution Risk of Liquidation Plan
- The Plan of Liquidation may not receive stockholder approval, impacting all strategic directions.
- Market Conditions Affecting Asset Sales
- Current real estate market pressures could delay or reduce expected asset sale proceeds.
- Interest Rate Risks
- Continued variable interest rates could increase financial obligations and costs.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $2.41
- Segment
- Real Estate Operations
- Segment
- Leasing Operations
What they said about what is next.
Liquidity outlook is contingent on successful implementation of the Plan of Liquidation.
The filing reads better than the one before it.
What came before.
- 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.…
- 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. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
Read the next one first.
We read every filing STRS makes the day it lands, and put it next to what the options market did about it. Members get both, and an alert when a filing arrives.
Cancel anytime · Month to month · Switch tiers whenever