Stratus Properties (STRS) Reports Q2 Loss of $0.11

Stratus Properties (NASDAQ: STRS) reported Q2 EPS of ($0.11). Revenue for the quarter came in at $23.31 million.

William H. Armstrong III, Chairman, President and Chief Executive Officer, stated, “Stratus has reached a new peak of development activity. Today we announced our new Kingwood Place project, our sixth mixed-use development project anchored by HEB. This 54-acre project located in Kingwood, Texas, a thriving master-planned community 20 miles northeast of Houston, will include, in addition to an HEB grocery, upscale shopping, dining, entertainment, and multi-family residences. Kingwood is the second largest master-planned community within the 10-county greater Houston metropolitan area. Adding Kingwood Place to our portfolio of multi-use development projects further expands our geographic footprint in vibrant and growing Texas communities. We look forward to completing these projects and creating value for shareholders.”

For earnings history and earnings-related data on Stratus Properties (STRS) click here.

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