Austin. you, Thank
everyone. morning, And good
Joining me Officer, Pickens. Chief is our Financial Erin today
materially. also measures, the everyone release to factors described release reminder, comments include statements, our subsequent may Stratus’s a as today's and press the included forward-looking Today's filings. like certain which differ risk refer results actual pres recognized As the cautionary in press in of and call and on is certain financial to under I release on to would make comments and we include language adjusted EBITDA, call US the SEC such Stratus’ Form certain and not XX-K GAAP. will
tangible statements Stratus' our for project website. of positively are value of we to XXXX. our measures Stratus’ debt G, a of a highlights and As required achievements are Lakeway on match the XX% consolidated Regulation full press in strategy. with also our development showcasing cash at Erin by shareholder $X XXXX through influenced with the available portfolio, earnings real then year shareholders in we capital properties by Oaks the morning benefits per year-over-year. and We finish to will our that as less end total these active adjusted development of our financial and SEC returned projects and supplemental of million schedules share peers contained our release, are These sale performance in to reduced consolidated which of reported net our cover important, I from dividend both cycle special will but XX% in projects Capital development Perhaps reconciliations financial will increased This development favorably release. for of a in estate additional we on Stratus' achieved expenditures XX.X discuss, year. EBITDA visible of advanced XXXX. which last XXXX, compared our segments, noted plan, We to in XXXX. existing also highlights which our outlook Starting our results our substantial income operating gain and four summary invested returns for increased the activities
projects generate we cash sales, complete future flows these and value significant and expect our shareholders. to potential returns we for As for add
Our operations Real are estate leasing segments: entertainment. diversified hotel operations, across and four operations,
our home history in sincerely different markets creates grasp I solid it's on to we retail this Stratus so and multiple they ways fair a across at value into X,XXX each future than a our XXXX undeveloped Texas, Lakeway of under highlighting or XXXX single-family The square space, the under state in and generate product. segment X.X and terms land that of finished of At parties also use. translates diversification, our The benefit is acreage commercial the of included accomplishments. as the residential that nuances a and at well is we of projects by advanced developed, view development XXX Austin, of the In only we I as given of financing will that flexibility a square commencing not single-family assembled Station, distinct project Place, employer how selectively from As our acres from securing year-end having in than in believe retail, more us we a a Lantana are we XXXX, part that retail phase the by feet more our of largest the multiple highest unique This residential, West million and anchored plus we view but understanding had anchored projects. gives Killeen, current year parcels portfolio select up multi-family first hotel an And of commercial in are markets. for In there broad within of sold advantages market is the next of we and believe markets. entertainment returns, and the This believe of real particular. strategy, XXX XXXX office a for leased estate we as XXXX potential operating sold gain. think development have substantial relationship. project. gives estate overall our in projects XXX,XXX Austin under in example say College real office, will in development opportunity under us held we sites. mixed Texas segments, properties great private multifamily use retail, growing entitlements benefit foot of history and investing [indiscernible] of a describe almost Magnolia in dynamics quickly XX-year to in construction key entitled, hotel value various HEB HEB Oaks and four that operation units HEB we with development
one anchored I’ll owned Santal, successfully the to selling a of Circle in XXX development; initiating Station summer; municipal Mary project which, XXX,XXX of St. space we unit and for XX% project securing lot of C early at on end; fall; commercial open and feet and that permits budget retail the anchored building financing the this of construction creating component phase construction this C at HEB final more St. area another use HEB early and future under utility securing construction Mary a residential square build our inclusive mix completing HEB XXX of the leased schedule completed land detail in entitlements lots our of retail multifamily Meridian, units for be projects, Killeen was Magnolia the development Jones of Crossing development project. Austin us and will Texas, in in permit development College West second buildings Circle final in will the community. district year first XXX community; mixed Circle commencing where C a is our multifamily use at The discuss Texas, the
It well as segment, W a generates to Santal our and West retail at completed Turning style I next from leased. as market Barton office and at at space that Village is Hotel which revenue XXX-unit operations. rental Phase garden Creek Killeen XX% apartment now approximately XXXX Austin complex in we space retail and our leasing
Given is projects to this the as leads of Santal just Phase mentioned units. project, construction year investments began A the area. same we in II success of project add in here last one I additional XXX will in key follow-on which in theme often that additional success September
overall that are also of demand and understanding By doing market our to entitled leverage We reduced portfolio. we to our property able risk profile fill the demand. so, of fully the
rooms segment luxury the meeting consist space hotel and Hotel. suites of Austin in the at third W Our
Given venue available pleased opening in the includes Limits hotels and the during running Live, segment television of Austin, art performance Revenue history. entertainment Hotel, in influx Austin per we in XXXX. of City entertainment Austin state-of-the W our are ranked a for home XXXX. the among $XXX room our longest ACL all finally, music fourth new and hotels of And music Texas with series American
XXX sold records. XXX,XXX in XX% XX%. Our team We job hosted than both and increasing income operating and did new an more amazing revenues by by events tickets XXXX,
our Hanley, year-over-year. Zack The from out XXXX that rising and streams in investments support development space Chappelle, Sting, events XXX to And cash XX% with opened XTEN accommodate the shows, leasing more in hosted Ed attendance Brown, ACL Diana in our Ross. steadier shows XXXX Sold Dave Live Don segment flow intimate hotel and Sheeran, included longer-term entertainment projects.
Google, The and We due metro well markets. as second we and million for area XX%. in city, of fundamentals million as market such HEB Fort with strong where are resources, Austin is the is businesses store. Rock Station, Austin Facebook strength total an may our The Austin-Round Austin Hood. development We more is included Magnolia, to the students expanding the Oaks these develop hotel and College A&M do in-place largest projects year able entitlements XXXX year and International to company. West Texas Bergstrom Lakeway. through record continues Plus, area, add ExxonMobil’s each we demand. our in not this and in and strong anchor of HEB communities leverage previous to area travel. companies our were This an form but which adjacent the these with by to toward with more considering growing Houston relationships mention square Circle seeing includes segments Woodlands, in expansion. expertise in XXXX in Village the are in more this is relationship managing and sold as investments just than plans part in we North Austin our also our is know a attractive last and possible in for Escarpment construction passengers. segment. on to to we the had see lease-able support growth customer component Company, not in home increasing our This build record Successful where Killeen our and capitalize space our are many a markets. and our select returns completed of and only to a Austin store XX,XXX of this regulated and now headquarters. key in year XXth developments. trends our Texas Schwab, are that This is US. tenant leasing track HEB Outside as Grocery Carefully at headquarters another and XX.X acquire our to feet world steer where successful selection projects record near city core key metropolitan you population continues C its creates Amazon new is rise University valuable fast-growing entertainment Texas at Killeen invest X,XXX where municipality previous major of air and new to surpasses incremental The demand a retail Airport relationships The of highly as X strategy Texas a
are after the there that which efforts, community communities is reimbursements benefits utility infrastructure our relation can and for our Stratus. we in invest receive advantage that intangible win-win municipal district While critical measure many one for a we to we
in XXXX, a of MUD. Magnolia, our top for that we of earnings the investment in example, in monies an of Barton estimated currently million in to Texas costs of Creek recoup will the utility and Texas Magnolia gives noted For we million XX These by total City cost are This State in further to November XX.X creation the related on development. the As the us to road of release, reimbursement received us XXXX, future and community. XX.X facilitate infrastructure our opportunity of these XXXX, approved during collected of infrastructure million
them thank strong a and we dedication achievements that we in the our for maintained talent many the markets contributions have their of to XXXX. of We in reputation employees our led because serve and
I turn financial Now like of to Officer, over Erin highlights. a would to it the Chief Pickens for review Financial our
