---
schema_version: "secwatch.filing_event.v1"
accession: "0000885508-23-000019"
form_type: "8-K/A"
ticker: "STRS"
cik: "0000885508"
company_name: "STRATUS PROPERTIES INC"
filed_at: "2023-03-31T23:59:59+00:00"
generated_at: "2026-06-17T08:46:50.846882+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Stratus Properties reports record FY2022 net income of $90.4M; sells Block 21 for $260M

## Summary
- Record net income attributable to common stockholders of $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/share ($40M total) and initiated $10M share repurchase program (bought $8.7M through March 27, 2023).
- Total stockholders' equity rose to $207.2M from $158.1M; after-tax NAV per share $42.94 vs $48.80 (decrease due to dividend).
- New projects: Holden Hills (475 residences) broke ground in Q1 2023; The Saint George (316 units) construction started; The Saint June (182 units) expected completion Q3 2023.

## SEC filing metadata
- accession: 0000885508-23-000019
- form_type: 8-K/A
- 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: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/885508/000088550823000019/0000885508-23-000019-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/885508/000088550823000019/strs-20230331.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000885508-23-000019
- JSON: https://secwatch.observer/filing/0000885508-23-000019.json
- Plain text: https://secwatch.observer/filing/0000885508-23-000019.txt

## Key facts
- Earnings Releases
  STRATUS PROPERTIES INC reported year ended December 31, 2022 results: revenue 37,498, net income 90,400,000, EPS 10.99.
  - Period: year ended December 31, 2022
  - Revenue: 37,498
  - Net income: 90,400,000
  - EPS: 10.99
  - Result: reported results
  source text: Year Ended December 31, 2022 2021 Revenues Real estate operations $ 24,750 $ 8,466 Leasing operations 12,754 19,787 Eliminations and other (6) (17) Total consolidated revenue $ 37,498 $ 28,236 Operating (loss) income Real estate operations $ 164 $ (3,272) Leasing operations a 9,621 111,369 Corporate, eliminations and other b (17,548) (24,437) Total consolidated
  evidence_url: https://www.sec.gov/Archives/edgar/data/885508/000088550823000019/0000885508-23-000019-index.htm

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