Stratus Properties Inc., a real estate company focused on residential and retail operations in Texas, reported its actual first-quarter 2025 results, revealing a net loss attributable to common stockholders of $2.9 million. This marks a significant decline compared to the net income of $4.6 million reported in the first quarter of 2024. The company experienced a substantial decrease in revenues, which totaled $5.0 million for the first quarter of 2025, down from $26.5 million during the same period in 2024. This decrease primarily stemmed from the lack of property sales in the current quarter compared to the previous year's sales, including 47 acres of undeveloped land at Magnolia Place and two Amarra Villas homes. In terms of operations, Stratus' real estate operations recorded a loss of $1.5 million, transitioning from a previous income of $6.8 million in the first quarter of 2024. Meanwhile, the leasing operations saw an increase in revenue, largely due to higher earnings from The Saint June. Additionally, Stratus refinanced project loans at Lantana Place and Jones Crossing, generating additional cash proceeds of approximately $4.2 million after property taxes and closing costs. The company also amended its revolving credit facility to extend its maturity to March 27, 2027, and secured a lower interest rate. As of March 31, 2025, Stratus had $12.0 million in cash and cash equivalents, with $34.5 million available under its revolving credit facility.