secwatch.observer — SEC 8-K summary
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Issuer:     STRATUS PROPERTIES INC (STRS)
CIK:        0000885508
Form:       8-K
Filed at:   2022-11-14T23:59:59+00:00
Accession:  0000885508-22-000056
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Stratus Properties Q3 net loss $2.4M; declares $40M special dividend, $10M buyback
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- Net loss attributable to common stockholders of $2.4M ($0.29 diluted) in Q3 2022 vs $3.8M loss ($0.46) in Q3 2021.
- Board declared special cash dividend of $4.67/share ($40M total) paid Sept 29, 2022.
- New $10M share repurchase program authorized; 105,415 shares bought for $2.6M at avg $25.02 through Nov 4.
- Consolidated debt $124.2M, cash $63.5M at Sept 30, 2022; credit facility extended to March 2023.
- Sold 28 acres at Magnolia Place for $3.2M and closed on Kingwood Place multifamily tract for $5.5M in Oct.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/885508/000088550822000056/0000885508-22-000056-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/885508/000088550822000056/strs-20221114.htm
  HTML page:      https://secwatch.observer/filing/0000885508-22-000056

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