FX.co ★ Stratus Properties Posts Wider Loss From Cont. Ops. In FY23

Stratus Properties Inc. reported a net operating loss of $16.5 million for the fiscal year ending December 31, 2023. In the previous year, the company experienced a loss of $7.1 million. This translates into a loss per share from ongoing operations of $1.85 compared to the previous year's loss of $0.78 per share.

In terms of consolidated revenue, the company saw a decrease, falling to $17.27 million from $37.50 million in the prior year. The revenue specifically generated from the company's real estate operations decreased to $2.55 million from $24.75 million.

By December 31, 2023, Stratus reported having a liquidity of $40.5 million available through its revolving credit facility with Comerica Bank, with no outstanding borrowed amount.