---
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"
generated_at: "2026-06-15T01:57:30.471477+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Stratus Properties Q1 2023 net loss $5.8M vs prior-year profit; Holden Hills distribution $35.8M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000885508-23-000026
- JSON: https://secwatch.observer/filing/0000885508-23-000026.json
- Plain text: https://secwatch.observer/filing/0000885508-23-000026.txt

## Key facts
- Earnings Releases
  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.
  - Period: first-quarter 2023
  - Net income: Net loss attributable to common stockholders totaled $5.8 million, or $0.71 per diluted share
  - EPS: $0.71 per diluted share
  - Result: reported results
  source text: Stratus Properties Inc. issued a press release dated May 15, 2023, announcing its first-quarter 2023 results.
  evidence_url: https://www.sec.gov/Archives/edgar/data/885508/000088550823000026/0000885508-23-000026-index.htm

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