---
schema_version: "secwatch.filing_event.v1"
accession: "0000885508-23-000014"
form_type: "8-K"
ticker: "STRS"
cik: "0000885508"
company_name: "STRATUS PROPERTIES INC"
filed_at: "2023-03-31T23:59:59+00:00"
generated_at: "2026-06-17T08:46:38.974072+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000885508-23-000014
- form_type: 8-K
- ticker: STRS
- cik: 0000885508
- company_name: STRATUS PROPERTIES INC
- filed_at: 2023-03-31T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/885508/000088550823000014/0000885508-23-000014-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/885508/000088550823000014/strs-20230331.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000885508-23-000014
- JSON: https://secwatch.observer/filing/0000885508-23-000014.json
- Plain text: https://secwatch.observer/filing/0000885508-23-000014.txt

## Key facts
- Earnings Releases
  STRATUS PROPERTIES INC reported financial results for year ended December 31, 2022.
  - Period: year ended December 31, 2022
  - Result: reported results
  source text: Stratus Properties Inc. (Stratus) issued a press release dated March 31, 2023, announcing its year end December 31, 2022 results.
  evidence_url: https://www.sec.gov/Archives/edgar/data/885508/000088550823000014/0000885508-23-000014-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.