Stratus Properties Inc. Reports Third-Quarter 2020 Results
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Stratus Properties (STRS) Reports Q3 Loss of $1.84, Revenues Beat
November 9, 2020 8:31 AM ESTStratus Properties (NASDAQ: STRS) reported Q3 EPS of ($1.84), versus $0.00 reported last year. Revenue for the quarter came in at $12.8 million versus the consensus estimate of $2.41 million.
Highlights:
In September 2020, Stratus announced that its Board of Directors (Board) approved the initiation of an in-depth exploration of a conversion from a C-Corporation to a real estate investment trust (REIT). As part of this assessment, Stratus is also conducting a comprehensive review of its governance practices and Board composition to ensure it has access to the appropriate expertise and mix of skillsets moving forward.Net losses... More