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Stratus Properties Inc. Completes Refinancing of Jones Crossing

1. Stratus refinanced a $24 million loan with a lower interest rate. 2. The refinancing provides net cash proceeds while extending maturity to 2028.

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FAQ

Why Bullish?

The refinancing lowers interest costs, improving net cash flow and financial stability, akin to successful refinancings in the past that have positively affected stock prices.

How important is it?

Improved financing conditions can enhance operational cash flows and investor confidence, thereby increasing STRS's market valuation.

Why Long Term?

The extended maturity until 2028 provides longer-term financial flexibility and potential growth opportunities, comparable to other projects that bolstered company valuation over time.

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H-E-BAMZNWMT
AUSTIN, Texas--(BUSINESS WIRE)--Stratus Properties Inc. (NASDAQ: STRS) (“Stratus” or the “Company”) today announced the closing of a $24.0 million non-recourse loan to refinance the loan for the retail property at Jones Crossing, a wholly-owned H-E-B grocery anchored, mixed-use project in College Station, Texas, the location of Texas A&M University. The new loan matures April 1, 2028, has a lower interest rate than the refinanced loan and resulted in net cash proceeds to Stratus of approxim.

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