Stratus Properties Inc. (STRS) Q4 2021 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to the Stratus Properties year-ended December 31st, 2021 financial and operational conference call. Earlier this morning, Stratus issued a press release announcing its year-ended December 31st, 2021 financial results. The press release is available on Stratus' 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' website through April 14, 2022. Anyone listening to the taped replay should note that all information presented is current as of today, March 31, 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, 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 2021 Form 10-K 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, and net asset value, or NAV, and financial measures calculated by reference to NAV, including after-tax NAV and after-tax NAV per share, which are financial measures not recognized under U.S. generally accepted accounting principles, also referred to as GAAP. As required by SEC rules, these non-GAAP financial measures are reconciled to their most comparable GAAP financial measures and the supplemental schedules of Stratus' press release issued today. On March 25, 2022, the company publi...