STRATUS PROPERTIES INC
For the period ended Mar 31, 2026. Filed May 12, 2026.
View on SEC.govAbout this filing
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.
Mar 31, 2026 · Filed May 12, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Cash Flows (Unaudited)
| Three Months Ended | ||
|---|---|---|
| March 31, | ||
| 2026 | 2025 | |
| Cash flow from operating activities: | ||
| Net income (loss) | $13,509 | $(3,757) |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: | ||
| Depreciation and amortization | 1,449 | 1,394 |
| Loss on interest rate cap agreements | — | 13 |
| Loss on extinguishment of debt | 383 | 183 |
| Stock-based compensation | 1,463 | 369 |
| Debt issuance cost amortization | 252 | 345 |
| Gain on sale of assets | (22,976) | (200) |
| H-E-B profit participation | 78 | — |
| Purchases and development of real estate properties | (7,729) | (7,212) |
| Decrease in other assets | 299 | 792 |
| Decrease in accounts payable, accrued liabilities and other | (2,323) | (5,422) |
| Net cash used in operating activities | (15,595) | (13,495) |
| Cash flow from investing activities: | ||
| Capital expenditures | (42) | (4,527) |
| Proceeds from sale of assets, net of selling costs | 59,980 | — |
| Payments on master lease obligations | (140) | (166) |
| Net cash provided by (used in) investing activities | 59,798 | (4,693) |
| Cash flow from financing activities: | ||
| Borrowings from credit facility | — | 4,000 |
| Borrowings from project and term loans | 366 | 57,969 |
| Payments on project and term loans | (33,150) | (48,916) |
| Payment of dividends | — | (236) |
| Finance lease principal payments | (4) | (4) |
| Stock-based awards net payments | (378) | (336) |
| Noncontrolling interest distributions | (10,762) | (856) |
| Purchases of treasury stock | (489) | (410) |
| Financing costs | (113) | (1,220) |
| Net cash (used in) provided by financing activities | (44,530) | 9,991 |
| Net decrease in cash, cash equivalents and restricted cash | (327) | (8,197) |
| Cash, cash equivalents and restricted cash at beginning of year | 74,623 | 21,154 |
| Cash, cash equivalents and restricted cash at end of period | $74,296 | $12,957 |
The accompanying Notes to Consolidated Financial Statements (Unaudited), which include information regarding noncash transactions, are an integral part of these consolidated financial statements.
CONSOLIDATED STATEMENTS OF EQUITY (Unaudited)
| Stockholders’ Equity | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Common StockHeld in Treasury · Total | |||||||||
| Common Stock · Capital in Excess of Par Value · Retained Earnings · Noncontrolling Interests in Subsidiaries | |||||||||
| Numberof Shares · At ParValue · Numberof Shares · AtCost · TotalEquity | |||||||||
| Balance at December 31, 2025 | 9,792 | $98 | $202,256 | $40,583 | 1,833 | $(38,451) | $204,486 | $142,593 | $347,079 |
| Vested stock-based awards | 55 | — | — | — | — | — | — | — | — |
| Director fees paid in shares of common stock | — | — | 6 | — | — | — | 6 | — | 6 |
| Stock-based compensation | — | — | 317 | — | — | — | 317 | — | 317 |
| Grant of restricted stock units (RSUs) under the Profit Participation Incentive Plan (PPIP) | — | — | 1,146 | — | — | — | 1,146 | — | 1,146 |
| Tender of shares for stock-based awards | — | — | — | — | 12 | (378) | (378) | — | (378) |
| Common stock repurchases | — | — | — | — | 19 | (489) | (489) | — | (489) |
| Noncontrolling interest distributions | — | — | — | — | — | — | — | (10,762) | (10,762) |
| Total comprehensive income | — | — | — | 6,627 | — | — | 6,627 | 6,882 | 13,509 |
| Balance at March 31, 2026 | 9,847 | $98 | $203,725 | $47,210 | 1,864 | $(39,318) | $211,715 | $138,713 | $350,428 |
| Stockholders’ Equity | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Common StockHeld in Treasury · Total | |||||||||
| Common Stock · Capital in Excess of Par Value · Retained Earnings · Noncontrolling Interests in Subsidiaries | |||||||||
| Numberof Shares · At ParValue · Numberof Shares · AtCost · TotalEquity | |||||||||
| Balance at December 31, 2024 | 9,685 | $97 | $200,972 | $28,601 | 1,662 | $(34,965) | $194,705 | $102,862 | $297,567 |
| Vested stock-based awards | 88 | 1 | (1) | — | — | — | — | — | — |
| Director fees paid in shares of common stock | — | — | 6 | — | — | — | 6 | — | 6 |
| Stock-based compensation | — | — | 369 | — | — | — | 369 | — | 369 |
| Tender of shares for stock-based awards | — | — | — | — | 17 | (336) | (336) | — | (336) |
| Common stock repurchases | — | — | — | — | 21 | (410) | (410) | — | (410) |
| Noncontrolling interest distributions | — | — | — | — | — | — | — | (856) | (856) |
| Total comprehensive loss | — | — | — | (2,875) | — | — | (2,875) | (882) | (3,757) |
| Balance at March 31, 2025 | 9,773 | $98 | $201,346 | $25,726 | 1,700 | $(35,711) | $191,459 | $101,124 | $292,583 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.