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Revenue Skyrockets and EPS Turns Positive at Stratus Properties Inc in Q1 20242.

Surplus Achieved and Magnolia Place Property Sale Boosts Stratus Properties Inc*s Financials


Published / Modified May 15 2024
Goran Soko / CSIMarket.com


Financial News Report: Stratus Properties Inc Reports Impressive Revenue Rise and Surplus; Announces Successful Sale of Magnolia Place Property

Stratus Properties Inc, a diversified real estate company operating primarily in the Austin, Texas area, has reported an astonishing revenue rise of 356.86% year on year, reaching $26.51 million in its financial span closing March 31, 2024.
With earnings per share (EPS) at $0.56, the company has successfully turned a surplus.
Stratus Properties Inc has outperformed its sector contemporaries, as the Construction Services sector displayed only a 10.99% revenue rise in the same period.

Compared to the previous reporting season, Stratus Properties Inc's income per share has turned positive, improving from $-0.12 per share.
Additionally, revenue has more than doubled by 520.918%, rising from $4.27 million.
The company achieved a net income of $3.697 million in the financial span ending March 31, 2024, showing significant improvement compared to the net loss of $-6.273 million in the same reporting season a year ago.

Stratus Properties Inc also highlighted its improving profit margins, with the net margin rising to 13.95% and the operating margin edging up to 13.9% in the financial span closing March 31, 2024.

The company recently announced the completion of the sale of approximately 47 acres at Magnolia Place for an impressive sum of $14.5 million, marking a significant milestone.
This strategic move demonstrates Stratus Properties Inc's adaptability and capability to thrive in a changing real estate market.
The sale generated pre-tax net cash proceeds of approximately $5.3 million for the company, even after accounting for transaction expenses and the payment of the remaining $8.8 million project loan.
This transaction, along with previous sales of portions of the Magnolia Place project, further solidifies Stratus Properties Inc's position in the industry.

Despite the positive news, Stratus Properties Inc's stock has experienced some volatility.
In May 2024, the stock has decreased by 2.71% so far, while it has increased by 0.3% compared to the previous year.
Currently, Stratus Properties Inc stock trades only 26.9% above its 52-week low.

Overall, Stratus Properties Inc has reported impressive financial results, with a significant revenue rise, achieving a surplus, and increasing profit margins.
The successful sale of the Magnolia Place property further enhances the company's position in the industry.
However, the recent volatility in the stock market warrants attention and monitoring in the coming months.



Stratus Properties Inc's Asset Turnover

Stratus Properties Inc's Capital Expenditures Growth



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