Stratus Properties (STRS) Reports Q1 EPS of $0.10

Stratus Properties (NASDAQ: STRS) reported Q1 EPS of $0.10, versus ($0.21) reported last year. Revenue for the quarter came in at $19.7 million, versus $17.77 million reported last year.

William H. Armstrong III, Chairman, President and Chief Executive Officer, stated, “Capitalizing on the momentum achieved in 2018, our first-quarter results demonstrate that we continue to successfully implement our development plan. Development and leasing of our mixed-use projects, including Jones Crossing, West Killeen Market, Lantana Place and Kingwood Place, are progressing towards stabilization. We are very pleased with the leasing of our Santal II multi-family project, which is nearing stabilization. We are actively exploring options to sell or refinance the combined 448-unit Santal property. We believe that our steady progress in developing and leasing our projects is reflected in our annual after-tax net asset value which increased to $326 million as of December 31, 2018, up from $314 million as of December 31, 2017. We expect steady momentum to continue throughout 2019 and we look forward to creating value for shareholders.”

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

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