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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

Schedule of benefit from (provision for) income taxes

Stratus’ provision for income taxes consists of the following (in thousands):

			Years Ended December 31,
			2024						2023
Current			$	422					$	1,659
Deferred			20						(135)
Provision for income taxes			$	442					$	1,524

Schedule of components of deferred income taxes

The components of deferred income taxes follow (in thousands):

			December 31,
			2024						2023
Deferred tax assets and liabilities:
Real estate, commercial leasing assets and facilities			$	8,427					$	8,548
Employee benefit accruals			821						923
Other assets			4,132						4,012
Charitable Contributions			2						—
Net operating loss credit carryforwards			2						2
Other liabilities			(3,924)						(3,553)
Valuation allowance			(9,307)						(9,759)
Deferred tax assets, net			$	153					$	173

Schedule of reconciliation of U.S. federal statutory tax rate

Reconciliations of the United States (U.S.) federal statutory tax rate to Stratus’ effective income tax rate follow (dollars in thousands):

			Years Ended December 31,
			2024												2023
			Amount						Percent						Amount						Percent
Income tax benefit computed at the federal statutory income tax rate			$	(308)					21		%				$	(3,144)					21		%
Adjustments attributable to:
(Decrease) increase in valuation allowance			(813)						56						3,574						(24)
Noncontrolling interests			810						(55)						355						(2)
Executive compensation limitation			362						(25)						197						(1)
State taxes			228						(16)						(45)						—
Net, other			163						(11)						587						(4)
Provision for income taxes			$	442					(30)		%				$	1,524					(10)		%

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- Definition

Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-9

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- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-2

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- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 231
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482663/740-10-55-231

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12A

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
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