{"schema_version":"secwatch.filing_event.v1","accession":"0000885508-23-000026","form_type":"8-K","ticker":"STRS","cik":"0000885508","company_name":"STRATUS PROPERTIES INC","filed_at":"2023-05-15T23:59:59+00:00","discovered_at":"2026-05-14T18:03:42.609448+00:00","generated_at":"2026-06-15T01:57:30.471477+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Stratus Properties Q1 2023 net loss $5.8M vs prior-year profit; Holden Hills distribution $35.8M","bullets":["Net loss of $5.8M ($0.71 diluted EPS) vs net income of $2.3M ($0.27) in Q1 2022.","Revenue $5.8M (up 87% YoY) but EBITDA swung to -$4.2M from +$2.4M.","Obtained financing for Holden Hills (475 residences); JV distributed $35.8M cash to Stratus in Q1.","Share repurchases: 359,553 shares bought for $9.2M at avg $25.64; $0.8M remaining from $10M authorization.","Liquidity: $50.9M cash, $42.7M available on revolver; no borrowings outstanding."],"urls":{"canonical":"https://secwatch.observer/filing/0000885508-23-000026","json":"https://secwatch.observer/filing/0000885508-23-000026.json","markdown":"https://secwatch.observer/filing/0000885508-23-000026.md","text":"https://secwatch.observer/filing/0000885508-23-000026.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/885508/000088550823000026/0000885508-23-000026-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/885508/000088550823000026/strs-20230515.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T01:57:30.471477+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"aa09f84eb2459d6cd0d2f33f1a1ff51746c74de1","claim":"STRATUS PROPERTIES INC reported first-quarter 2023 results: net income Net loss attributable to common stockholders totaled $5.8 million, or $0.71 per diluted share, EPS $0.71 per diluted share.","evidence_excerpt":"Stratus Properties Inc. issued a press release dated May 15, 2023, announcing its first-quarter 2023 results.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/885508/000088550823000026/0000885508-23-000026-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first-quarter 2023"},{"label":"Net income","value":"Net loss attributable to common stockholders totaled $5.8 million, or $0.71 per diluted share"},{"label":"EPS","value":"$0.71 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}