Stratus Properties reports record net income of $90.4M for 2022; special dividend of $4.67/share

STRATUS PROPERTIES INC

2023-Q1 EPS reported -$0.71 revenue$5,802,000

Net income attributable to common stockholders $90.4M ($10.99 diluted EPS) vs $57.4M ($6.90) in 2021.
Completed sale of Block 21 for $260M, recording pre-tax gain of $119.7M in discontinued operations.
Paid special cash dividend of $4.67 per share ($40M total) and approved $10M share repurchase program.
Total stockholders' equity $207.2M at Dec 31, 2022, up from $158.1M; after-tax NAV $355.3M ($42.94 per share).
Began construction on Holden Hills (475 residences) and The Saint George (316-unit multifamily) in Austin.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.6

STRATUS PROPERTIES INC reported financial results for year ended December 31, 2022.

Period: year ended December 31, 2022
Result: reported results

Exact text from the filing

Stratus Properties Inc. (Stratus) issued a press release dated March 31, 2023, announcing its year end December 31, 2022 results.

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Source: SEC EDGAR

accession 0000885508-23-000014

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