STRATUS PROPERTIES INC
For the period ended Jun 30, 2024. Filed Aug 13, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 13, 2024
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Consolidated Statements of Comprehensive Income (Loss) (Unaudited)
CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME (Unaudited)
(In Thousands, Except Per Share Amounts)
| Three Months Ended · Six Months Ended | ||||
|---|---|---|---|---|
| June 30, | June 30, | |||
| 2024 | 2023 | 2024 | 2023 | |
| Revenues: | ||||
| Real estate operations | $3,629 | $58 | $25,752 | $2,551 |
| Leasing operations | 4,861 | 3,472 | 9,245 | 6,781 |
| Total revenues | 8,490 | 3,530 | 34,997 | 9,332 |
| Cost of sales: | ||||
| Real estate operations | 4,424 | 2,697 | 19,702 | 7,184 |
| Leasing operations | 1,742 | 1,144 | 3,420 | 2,405 |
| Depreciation and amortization | 1,402 | 970 | 2,803 | 1,898 |
| Total cost of sales | 7,568 | 4,811 | 25,925 | 11,487 |
| General and administrative expenses | 3,842 | 4,071 | 8,307 | 8,790 |
| Total | 11,410 | 8,882 | 34,232 | 20,277 |
| Operating (loss) income | (2,920) | (5,352) | 765 | (10,945) |
| Loss on extinguishment of debt | — | — | (59) | — |
| Other income, net | 186 | 544 | 359 | 1,029 |
| (Loss) income before income taxes and equity in unconsolidated affiliate's loss | (2,734) | (4,808) | 1,065 | (9,916) |
| Provision for income taxes | (44) | (498) | (146) | (1,660) |
| Equity in unconsolidated affiliate's loss | — | (3) | — | (6) |
| Net (loss) income and total comprehensive (loss) income | (2,778) | (5,309) | 919 | (11,582) |
| Total comprehensive loss attributable to noncontrolling interests | 1,053 | 8 | 1,908 | 480 |
| Net (loss) income and total comprehensive (loss) income attributable to common stockholders | $(1,725) | $(5,301) | $2,827 | $(11,102) |
| Net (loss) income per share attributable to common stockholders (basic and diluted) | $(0.21) | $(0.66) | $0.35 | $(1.39) |
| Weighted-average shares of common stock outstanding: | ||||
| Basic | 8,072 | 7,990 | 8,049 | 7,988 |
| Diluted | 8,072 | 7,990 | 8,172 | 7,988 |
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