Stratus Properties Inc. (STRS) Q1 2022 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day and welcome to the Stratus Properties first quarter 2022 financial and operational conference call. Earlier this morning, Stratus released its first quarter 2022 financial results and provided business updates which are available on its website at stratusproperties.com. Following management's remarks, we will host a question and answer session. Please note this call is being recorded and will be available for replay on Stratus's website through May 30, 2022. Anyone listening to the taped replay should note that all information presented is current as of today, May 16, 2022, and should be considered valid only as of this date. As a reminder, today's press release and certain comments that will be made on this call include forward-looking statements, and actual results may differ materially from those anticipated, projected, or assumed in the forward-looking statements. please review and refer to the cautionary language included in Stratus' press release issued today and the risk factors described in Stratus' 2021 Form 10-K and first quarter 2022 Form 10-Q that could cause actual results to differ materially from those projected by Stratus. In addition, management will discuss earnings before interest, taxes, depreciation, and amortization, also referred to as EBITDA, which is a financial measure not recognized under U.S. generally accepted accounting principles, also referred to as GAAP. As required by SEC rules and regulations, this non-GAAP financial measure is reconciled to its most comparable GAAP financial measure in a supplemental schedule of Stratus' press release issued today. I would now like to turn the conference over to Mr. Beau Armstrong, Chairman, President, and Chief Executive Officer of Stratus Properties. Thank you for joining our first quart...