STRS Overview

Sale of Lantana Place – Retail: Stratus Properties Inc. has completed the sale of its 100% owned Lantana Place – Retail project for $57.5 million, resulting in pre-tax net cash proceeds of approximately $26.9 million after costs and loan repayment.

Future Developments: Following the sale, Stratus retains plans for The Saint Julia, a 210-unit multi-family development, and entitlements for 160,000 square feet of commercial use in the Lantana community.

Company Strategy: CEO William H. Armstrong III highlighted that the sale reflects Stratus' strategy to unlock value through disciplined development and timely asset sales, enhancing their financial position and commitment to shareholder value.

Cautionary Statements: The press release includes forward-looking statements regarding Stratus' future performance, emphasizing that actual results may differ due to various factors, including market conditions and operational challenges.

Earnings Report Overview: Stratus Properties Inc. reported a net loss of 62 cents per share for Q3 2025, a significant decline from a loss of 5 cents per share in the same quarter last year, with revenues dropping 44% to $5 million due to a lack of real estate sales.

Segment Performance: The real estate operations segment experienced a loss of $4.5 million, attributed to a $2.9 million impairment from a terminated development project, while leasing operations remained stable with flat revenues of $4.9 million.

Strategic Moves: CEO William H. Armstrong III highlighted the company's strategic repositioning, including an agreement to sell Lantana Place – Retail for approximately $57.4 million, which will help strengthen the balance sheet and repay project loans.

Cash Position and Share Repurchases: As of September 30, 2025, Stratus maintained a strong liquidity profile with a $55 million cash balance and has repurchased 180,899 shares of its common stock, with $21.1 million remaining under its share repurchase authorization.

Appointment of Giora BarDea: Beyond Oil Ltd. has appointed Giora BarDea as VP of Global Strategy to enhance its growth in the foodservice and food industries, leveraging his extensive experience in the global food and beverage sector.

Company's Mission and Technology: Beyond Oil focuses on reducing health risks associated with reused frying oil through its patented technology, which aims to improve food quality, operational efficiency, and sustainability in the food industry.