secwatch.observer — SEC 8-K summary
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Issuer:     STRATUS PROPERTIES INC (STRS)
CIK:        0000885508
Form:       8-K/A
Filed at:   2023-03-31T23:59:59+00:00
Accession:  0000885508-23-000019
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/885508/000088550823000019/0000885508-23-000019-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/885508/000088550823000019/strs-20230331.htm
  HTML page:      https://secwatch.observer/filing/0000885508-23-000019

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