Stratus Properties Inc. reported a net loss attributable to common stockholders of $5.0 million, or $0.62 per diluted share, for the third quarter of 2025, compared to a net loss of $0.4 million, or $0.05 per diluted share, in the same period of 2024. For the first nine months of 2025, net loss attributable to common stockholders was $7.6 million, or $0.94 per diluted share, compared to net income of $2.5 million, or $0.30 per diluted share, in the first nine months of 2024. Revenues for the third quarter of 2025 totaled $5.0 million, down from $8.9 million in the third quarter of 2024, primarily reflecting no sales in the Real Estate Operations segment compared to one Amarra Villas home sold for $4.0 million in the prior-year period. EBITDA for the first nine months of 2025 was negative $8.0 million, compared to positive $3.9 million in the same period of 2024. Significant business developments included an agreement to sell Lantana Place - Retail for approximately $57.4 million and a $5.0 million pre-tax gain on the sale of the West Killeen Market retail project. At September 30, 2025, consolidated debt stood at $203.9 million, and consolidated cash and cash equivalents were $55.0 million.