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Business Segments (Tables) | 6 Months Ended
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Jun. 30, 2024
Segment Reporting [Abstract] |
Revenue from External Customers by Products and Services [Table Text Block] | Revenues from Contracts with Customers. Stratus’ revenues from contracts with customers follow (in thousands):
| Three Months Ended |  | Six Months Ended
| June 30, |  | June 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Real Estate Operations: |  |  |  |  |  |  |
Developed property sales | $ | 3,625 |  |  | $ | — |  |  | $ | 11,248 |  |  | $ | 2,493 |
Undeveloped property sales | — |  |  | — |  |  | 14,500 |  |  | — |
Commissions and other | 4 |  |  | 58 |  |  | 4 |  |  | 58 |
| 3,629 |  |  | 58 |  |  | 25,752 |  |  | 2,551 |
Leasing Operations: |  |  |  |  |  |  |
Rental revenue | 4,861 |  |  | 3,472 |  |  | 9,245 |  |  | 6,781 |
| 4,861 |  |  | 3,472 |  |  | 9,245 |  |  | 6,781 |
Total revenues from contracts with customers | $ | 8,490 |  |  | $ | 3,530 |  |  | $ | 34,997 |  |  | $ | 9,332 |
Schedule of Segment Reporting Information by Segment [Table Text Block] | Financial Information by Business Segment. Summarized financial information by segment for the three months ended June 30, 2024, based on Stratus’ internal financial reporting system utilized by its chief operating decision maker, follows (in thousands):
| Real Estate Operations a |  | Leasing Operations |  | Corporate, Eliminations and Other b |  | Total
Revenues: |  |  |  |  |  |  |
Unaffiliated customers | $ | 3,629 |  |  | $ | 4,861 |  |  | $ | — |  |  | $ | 8,490 |
Cost of sales, excluding depreciation and amortization | (4,424) |  |  | (1,742) |  |  | — |  |  | (6,166) |
Depreciation and amortization | (44) |  |  | (1,374) |  |  | 16 |  |  | (1,402) |
General and administrative expenses | — |  |  | — |  |  | (3,842) |  |  | (3,842) |
Operating (loss) income | $ | (839) |  |  | $ | 1,745 |  |  | $ | (3,826) |  |  | $ | (2,920) |
Capital expenditures and purchases and development of real estate properties | $ | 7,360 |  |  | $ | 8,001 |  |  | $ | — |  |  | $ | 15,361 |
Total assets at June 30, 2024 c | 342,089 |  |  | 159,314 |  |  | 12,613 |  |  | 514,016 |
a.Includes sales commissions and other revenues together with related expenses. b.Includes consolidated general and administrative expenses and eliminations of intersegment amounts. c.Corporate, eliminations and other includes cash and cash equivalents and restricted cash of $12.6 million. Summarized financial information by segment for the three months ended June 30, 2023, based on Stratus’ internal financial reporting system utilized by its chief operating decision maker, follows (in thousands):
| Real Estate Operations a |  | Leasing Operations |  | Corporate, Eliminations and Other b |  | Total
Revenues: |  |  |  |  |  |  |
Unaffiliated customers | $ | 58 |  |  | $ | 3,472 |  |  | $ | — |  |  | $ | 3,530 |
Cost of sales, excluding depreciation and amortization | (2,697) |  |  | (1,144) |  |  | — |  |  | (3,841) |
Depreciation and amortization | (50) |  |  | (924) |  |  | 4 |  |  | (970) |
General and administrative expenses | — |  |  | — |  |  | (4,071) |  |  | (4,071) |
Operating (loss) income | $ | (2,689) |  |  | $ | 1,404 |  |  | $ | (4,067) |  |  | $ | (5,352) |
Capital expenditures and purchases and development of real estate properties | $ | 12,057 |  |  | $ | 13,471 |  |  | $ | — |  |  | $ | 25,528 |
Total assets at June 30, 2023 c | 328,033 |  |  | 111,928 |  |  | 45,794 |  |  | 485,755 |
a.Includes sales commissions and other revenues together with related expenses. b.Includes consolidated general and administrative expenses and eliminations of intersegment amounts. c.Corporate, eliminations and other includes cash and cash equivalents and restricted cash of $43.2 million. The remaining cash and cash equivalents and restricted cash is reflected in the operating segments’ assets. Summarized financial information by segment for the six months ended June 30, 2024, based on Stratus’ internal financial reporting system utilized by its chief operating decision maker, follows (in thousands):
| Real Estate Operations a |  | Leasing Operations |  | Corporate, Eliminations and Other b |  | Total
Revenues: |  |  |  |  |  |  |
Unaffiliated customers | $ | 25,752 |  |  | $ | 9,245 |  |  | $ | — |  |  | $ | 34,997 |
Cost of sales, excluding depreciation and amortization | (19,702) |  |  | (3,420) |  |  | — |  |  | (23,122) |
Depreciation and amortization | (88) |  |  | (2,747) |  |  | 32 |  |  | (2,803) |
General and administrative expenses | — |  |  | — |  |  | (8,307) |  |  | (8,307) |
Operating income (loss) | $ | 5,962 |  |  | $ | 3,078 |  |  | $ | (8,275) |  |  | $ | 765 |
Capital expenditures and purchases and development of real estate properties | $ | 16,317 |  |  | $ | 16,142 |  |  | $ | — |  |  | $ | 32,459 |
a.Includes sales commissions and other revenues together with related expenses. b.Includes consolidated general and administrative expenses and eliminations of intersegment amounts. Summarized financial information by segment for the six months ended June 30, 2023, based on Stratus’ internal financial reporting system utilized by its chief operating decision maker, follows (in thousands):
| Real Estate Operations a |  | Leasing Operations |  | Corporate, Eliminations and Other b |  | Total
Revenues: |  |  |  |  |  |  |
Unaffiliated customers | $ | 2,551 |  |  | $ | 6,781 |  |  | $ | — |  |  | $ | 9,332 |
Cost of sales, excluding depreciation and amortization | (7,184) |  |  | (2,405) |  |  | — |  |  | (9,589) |
Depreciation and amortization | (77) |  |  | (1,830) |  |  | 9 |  |  | (1,898) |
General and administrative expenses | — |  |  | — |  |  | (8,790) |  |  | (8,790) |
Operating (loss) income | $ | (4,710) |  |  | $ | 2,546 |  |  | $ | (8,781) |  |  | $ | (10,945) |
Capital expenditures and purchases and development of real estate properties | $ | 21,084 |  |  | $ | 23,477 |  |  | $ | — |  |  | $ | 44,561 |
a.Includes sales commissions and other revenues together with related expenses. b.Includes consolidated general and administrative expenses and eliminations of intersegment amounts.

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- Definition Tabular disclosure of entity-wide revenues from external customers for each product or service or each group of similar products or services if the information is not provided as part of the reportable operating segment information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-25 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
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