secwatch.observer — SEC 8-K summary
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Issuer:     STRATUS PROPERTIES INC (STRS)
CIK:        0000885508
Form:       8-K
Filed at:   2023-03-31T23:59:59+00:00
Accession:  0000885508-23-000014
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/885508/000088550823000014/0000885508-23-000014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/885508/000088550823000014/strs-20230331.htm
  HTML page:      https://secwatch.observer/filing/0000885508-23-000014

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