FX.co ★ Stratus Properties To Repurchase Up To $5 Mln Shares

Stratus Properties Inc. (STRS), a real estate development firm, revealed on Wednesday that its Board has sanctioned a new share buyback program worth up to $5 million. This authorization allows Stratus, following the judgment of management and the Capital Committee of the Board, to repurchase shares at its discretion, contingent upon market conditions and other influencing factors.