Stratus Properties Inc. (STRS) Q3 2021 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to the Stratus Properties third quarter 2021 conference call. Today, Stratus issued a press release announcing its third quarter 2021 results. The press release is available on Stratus's 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 November 29th, 2021. Anyone listening to the replay should note that all information presented is current as of today, November 15, 2021, 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, which speak only as of the date made, and actual results may differ materially from those anticipated, expected, projected, or assumed in the forward-looking statements. Please review the cautionary language included in Stratus's press release issued today and the risk factors described in Stratus's 2020 Form 10-K and third quarter 2021 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, this non-GAAP financial measure is reconciled to its most comparable GAAP financial measure in the supplemental schedule to 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, everyone, for joining our thir...